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Famous grilled fish brand to open first Shanghai shop

Restaurant workers cook grilled fish at a Kaojiang brand spicy grilled fish restaurant in Haidian district, Beijing, on Friday. GENG FEIFEI/CHINA DAILY A culinary icon deeply rooted in Southwest China’s Sichuan province and Chongqing municipality, which is also a must-visit spot for tourists, is scheduled to make its first appearance in Shanghai at the end…

Foreign travelers fuel Hainan tourism

HAIKOU — On Dadonghai beach in Sanya, a coastal resort in South China’s island province of Hainan, foreign tourists are soaking up the winter sun, including Malika from Moscow who has chosen Sanya as her first travel destination in China. “We wanted to have a sea holiday, and also to see a bit of China,”…

TikTok inks joint venture deal for US operations

In a bid to avert a potential US ban over so-called security concerns, popular social media platform TikTok announced on Friday that it had closed a deal to establish a majority United States-owned joint venture to run its US operations. Under the agreement, US and global investors — including cloud computing giant Oracle, US private…

From overseas expansion to higher-quality integration

A view of the exhibition stand of 52TOYS, a Beijing-based pop-culture toy company, during the China Toy Expo in Shanghai in October. CHINA DAILY Chinese companies are shifting from a traditional overseas expansion model built on exporting products and chasing scale, toward one defined by deep localization, digital integration and service differentiation, moving beyond merely…

Chinese firms eye bigger share of winter sports pie

Skiers dressed up in Peking Opera costumes perform a themed skiing show at the Lake Songhua Resort of Jilin, Northeast China’s Jilin province, on Nov 21. XU CHANG/XINHUA HARBIN — As China vigorously develops the ice and snow economy to boost consumption, homegrown gear makers are aiming for rapid growth in the winter sports market,…

Critical year ahead for China’s smartphone manufacturers

Chinese smartphone brand iQOO has unveiled its latest mid-range phone Z11 Turbo. [Photo provided to chinadaily.com.cn] China’s smartphone market is expected to see shipments of around 278 million units in 2026, a year-on-year decrease of 2.2 percent, according to a forecast by market research company International Data Corp. Guo Tianxiang, research manager at IDC China,…

Gold prices hit record on safe-haven play

A shopper (right) looks at gold ornaments at a jewelry store in Mengzi, Yunnan province. XUE YINGYING/FOR CHINA DAILY Gold continued its upward trajectory on Wednesday, with spot prices soaring above the $4,800-per-ounce mark for the first time in history. The precious metal has gained more than 10 percent so far this month, rising by…

Banks play key role in growth of ice, snow industry

Snowboarders participate in the social ski sports instructor training course at the Changchun Lianhua Mountain Ski Resort in Jilin province in November. CHINA DAILY As China’s ice and snow industry experiences rapid growth, the increased involvement of financial institutions in the winter sports and recreation market will help foster a virtuous consumption cycle, injecting new…

China not about to approve Tesla self-driving tech soon: source

Recent foreign media reports touting imminent approval for Tesla’s Full Self-Driving (FSD) technology in China are inaccurate, a Chinese source has said. The denial came after Reuters reported that Tesla CEO Elon Musk said on Thursday that “we hope to get Supervised Full Self-Driving approval in Europe, hopefully next month, and then maybe a similar…

China’s UBTECH expands overseas reach with Airbus robot deal

A humanoid robot from “Walker” series of UBTECH conducts sorting work at the Beijing World of Robots in Beijing, capital of China, Feb 24, 2025. [Photo/Xinhua] GUANGZHOU — Chinese humanoid robot developer UBTECH has struck a deal to supply robots to European aviation giant Airbus for use in its manufacturing facilities, the tech firm, located…