Meituan expands instant retail, scales back community group-buying in unprofitable areas · TechNode
Meituan announced on June 23 that it will fully expand its instant retail business while retreating from loss-making regions in its community group-buying unit, Meituan Youxuan. The company will reallocate…
CSSC to boost shipbuilding clout with a mega merger
A drone image shows a CSSC shipbuilding site at a yard in Qingdao, Shandong province, in May. YU FANGPING/FOR CHINA DAILY The long-anticipated share-swap merger between China CSSC Holdings Ltd…
China’s summer box office surpasses 10 billion yuan, led by domestic films
The audience walk past film posters at a cinema in Nanjing, East China“s Jiangsu province, Aug 17, 2025. BEIJING – China’s summer box office revenue has surpassed 10 billion yuan…
China’s Meitu posts 12.3% revenue growth, with record number of paid subscribers
Meitu“s booth is seen during a forum in Nanning, Guangxi Zhuang autonomous region. XIAMEN – Chinese selfie-enhancing tech giant Meitu on Monday announced its financial results for the first half…
RFK Jnr is ‘endangering’ all Americans, health agency ex-leaders warn
Nine former leaders of the top US health body sounded the alarm on Monday about the Trump administration’s evisceration of the agency and warned that vaccine sceptic Robert F. Kennedy…
Insta360 goes public a decade after founding · TechNode
On June 11, panoramic and action camera company Insta360 went public on China’s STAR (Science and Technology Innovation Board) Market, becoming the seventh company to list on the board in…
‘Shanghai Spirit’ should be advanced with new vitality
This photo taken on Aug 30, 2025 shows an exterior view of the main venue of the Shanghai Cooperation Organization (SCO) Summit 2025 in north China“s Tianjin. The curtain was…
China extends anti-dumping duties on some phenol imports
BEIJING – China“s Ministry of Commerce will extend anti-dumping duties on phenol imports from the United States, the European Union, the Republic of Korea, Japan and Thailand for five years,…
Trump says Intel agreed to give US government 10 pct stake
US flag, Intel logo and words „10% stake“ are seen in this illustration taken August 22, 2025. NEW YORK – US President Donald Trump said Friday Intel“s CEO has agreed…
Cave basketball in Southwest China’s Guizhou goes into limelight
GUIYANG – Cars lined up in long queues as thousands of spectators from across China flocked to watch a unique basketball tournament held deep inside a cave in Southwest China“s…