Yum China Holdings is moving to take full ownership of the Pizza Hut brand on the Chinese mainland in a $1.2 billion deal, a strategic shift that would eliminate ongoing royalty payments to Yum Brands. The move gives the company direct control of one of its most profitable and fast-growing restaurant businesses. The transaction is…
Sam’s Club China has replaced its chairman following a regulatory interview with China’s top market regulator over food safety concerns, according to corporate filings. Walmart (China) Investment, the entity overseeing the warehouse club, or Sam’s Club, business in China, updated its registration on June 15, showing that Muk Sook Yee had stepped down as legal…
Customers buy vegetables at a supermarket in Wuchang district of Wuhan, Central China’s Hubei province, June 10, 2026. [Photo/Xinhua] BEIJING — China’s total retail sales of goods and services, a major indicator of the country’s consumption strength, increased by 2.8 percent year-on-year in the first five months of 2026, official data showed on Tuesday. This…
Satisfaction among owners of gasoline vehicles in China improved notably in 2026, driven by stronger vehicle performance, better user experience and growing demand for intelligent features, according to the latest J.D. Power China Automotive Performance, Execution and Layout Study. Overall owner satisfaction with internal combustion engine vehicles rose 11 points year-on-year to 762 points on…
BEIJING — China’s railway network is expected to handle 19.73 million passenger trips on Friday, the first day of the Dragon Boat Festival holiday, according to the national railway operator. To meet the travel surge, a total of 1,028 additional trains have been scheduled, said the China State Railway Group Co Ltd. Some of the…
= 768 ? true : false; /* Set the width of the sidebar to 250px and the left margin of the page content to 250px */ function openNav() { if(screen.width >= 768){ $(“#facets”).css(“width”, “30%”); $(“#search-results-container”).css(“width”, “69.9%”); $(“#search-results-container”).css(“padding-left”, “3%”); } else { $(“#facets”).css(“width”, “100%”); $(“#search-results-container”).css(“width”, “0%”); $(“#search-results-container .search-results .result”).css(“box-shadow”, “none”); $(‘#closebtn-xs’).css(“display”, “inline-block”); $(‘#icon-filter-xs’).css(“display”, “inline-block”); $(“#search-results-container”).css(“max-height”, “0”);…
Guests are engaged in a conversation during the 9th China International Import Expo Promotion and Roadshow and “Big Market for All: Export to China” Event (Shandong) on June 15 in Qingdao, Shandong province. [Photo provided to chinadaily.com.cn] At a high-profile event held in Qingdao, Shandong province, senior executives from multinational corporations highlighted the vast potential…
= 768 ? true : false; /* Set the width of the sidebar to 250px and the left margin of the page content to 250px */ function openNav() { if(screen.width >= 768){ $(“#facets”).css(“width”, “30%”); $(“#search-results-container”).css(“width”, “69.9%”); $(“#search-results-container”).css(“padding-left”, “3%”); } else { $(“#facets”).css(“width”, “100%”); $(“#search-results-container”).css(“width”, “0%”); $(“#search-results-container .search-results .result”).css(“box-shadow”, “none”); $(‘#closebtn-xs’).css(“display”, “inline-block”); $(‘#icon-filter-xs’).css(“display”, “inline-block”); $(“#search-results-container”).css(“max-height”, “0”);…
China’s Alipay unveiled an artificial intelligence-powered version of its app on Tuesday, launching a new assistant called “A Bao” as owner Ant Group seeks to transform one of the world’s largest digital platforms into an AI-first super app. The company said the new version has entered invitation-only testing and will be gradually rolled out to…
The National Financial Regulatory Administration announced the release of new guidelines on the safe development and application of AI in the banking and insurance sectors on Thursday. The guidelines call for stronger risk-based and tiered management of the development and application of artificial intelligence at banking and insurance institutions to effectively address the challenges posed…