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Major beverage players enjoying high tea time

Employees prepare tea for customers at a store in Huangshan, Anhui province, on July 15. CAO LI/XINHUA With consumers’ pursuit of wellness, variety and refinement, China’s tea beverage brands are exhibiting inspiring trends. According to Coffee and Tea Observation, a market information platform on WeChat, in July, the top 10 tea beverage brands launched 43 products…

Aveva to invest more in China, tap opportunities in industrial upgrade

This photo taken on Feb. 27, 2024 shows a digital manufacturing plant for children’s garment at Zhili town of Huzhou city, East China’s Zhejiang province. Xu Yu/XINHUA Industrial software developer Aveva will continue to increase investments and strengthen its research and development capacities in China, while expanding cooperation with Chinese partners to grasp the abundant…

GDP in Pudong New Area up 5.8% in H1

The headquarters building of the New Development Bank in the Pudong New District in Shanghai China. XINHUA Despite headwinds and rising complexities in the global market, Shanghai’s Pudong New Area has managed to sustain economic growth thanks to continued efforts to open-up its market and optimize the economic structure, said local officials and company executives.…

Baidu sees its total revenue hit nearly $5b in the second quarter

An employee comes out of the Baidu headquarters in Beijing. [Photo by Fan Jiashan/For China Daily] Chinese tech giant Baidu Inc reported on Wednesday that its total revenue reached 32.7 billion yuan ($4.57 billion) in the second quarter of this year, with artificial intelligence-powered cloud business delivering robust revenue growth.  Revenue from Baidu’s core businesses…

Qualifier contest starts to widen market prospects in BRICS, ‘BRICS+’ countries

A view of Zhaoqing High-tech Industrial Development Zone in Guangdong, which is hosting the 2025 BRICS Industrial Innovation Competition Qualifier Contest for the Energy Electronics Industry Track between Aug 20 and 21. [Photo provided to chinadaily.com.cn] Amid global energy structure transformation, an international competition has started in Zhaoqing, Guangdong province, to help bolster green transition…

Lin-gang Special Area at 6th anniversary: New projects to boost innovation

Agreements for six major industrial projects were signed in Shanghai’s Lin-gang Special Area on Aug 19, as part of the area’s sixth anniversary celebrations. The high-profile projects include a heavy gas turbine project, a brain-computer interface verification platform, an underwater robot project and more, with a combined investment of over 40 billion yuan ($5.56 billion).…

China Eastern Airlines announces new Shanghai-Yiwu route

China Eastern Airlines announced on Tuesday it will launch a new daily flight between Yiwu, Zhejiang province and Shanghai Pudong International Airport on September 10, in a bid to enhance international transit connections through the East China economic hub. The decision aims to provide a more convenient link between Shanghai Pudong and cities across the…

XPeng reports record Q2, accelerates AI-driven growth

Visitors pose with the XPeng P7 car in Beijing on Aug 6, 2025. [Photo by Li Fusheng/chinadaily.com.cn] XPeng posted a record-breaking second quarter in 2025, with deliveries, revenue, and gross margin all hitting historic highs, underscoring the company’s rapid scale-up in China’s competitive electric vehicle market. Total revenue reached 18.27 billion yuan ($2.54 billion), up…