Japanese pharmaceutical firm Astellas is aiming for a strong performance in China over the next few years following its fast-track development in China, especially as the country has been one of the five major global markets for the company since 2019, a senior executive said. In the past year, the company achieved a record seven…
Cosmo Lady, one of the country’s largest lingerie enterprises, realized a sharp increase in sales through joint venture e-commerce channels in the first half of 2025. [Photo provided to chinadaily.com.cn] China’s booming e-commerce sector has helped drive sales of lingerie products for Cosmo Lady, one of the country’s largest lingerie enterprises, in the first half…
Chinese vaccine company Sinovac Biotech Ltd has teamed up with 69 partner companies to launch the Laifu Initiative, which is aimed at strengthening innovation and resilience across China’s biopharmaceutical supply chain. The initiative was unveiled at Sinovac’s recent supply chain ecosystem conference in Beijing. The joint effort reflects a broader shift in China’s biopharma sector…
Chinese tech giant Alibaba Group Holding Ltd said its revenue stood at 247.65 billion yuan ($34.6 billion) during the April-June period, an increase of 2 percent year-on-year, with its core e-commerce and cloud computing businesses reporting robust growth. The company’s net income stood at 42.4 billion yuan during the second quarter, up 76 percent year-on-year,…
The Hunutlu Power Plant Project in Turkiye is initiated by EMBA Electricity Production, a Turkish subsidiary company of State Power Investment Corporation’s Shanghai Electric Power. CHINA DAILY EMBA Electricity Production, a Turkish subsidiary company of State Power Investment Corporation’s Shanghai Electric Power, also known as SEP, initiated the Hunutlu Power Plant Project in Turkiye in…
Dai Houliang (right), chairman of CNPC, meets H.E. Sultan Ahmed Al Jaber, CEO of ADNOC. Photo provided to CHINA DAILY When the United Arab Emirates became the first Gulf country to establish a strategic partnership with China in 2012, China National Petroleum Corp, or CNPC, and Abu Dhabi National Oil Co, also known as ADNOC,…
Cyclists at a wetland park in Bozhou, Anhui province, in July. LIU QINLI/FOR CHINA DAILY With favorable policies and an ever increasing number of sports enthusiasts, China’s sports industry is thriving. During a recent news conference, Gao Zhidan, head of the General Administration of Sport, said: “During the 14th Five-Year Plan period (2021-25), China’s sports industry,…
A visitor (right) experiences a massage treatment conducted by an intelligent robot at a health maintenance store in Qinhuangdao, Hebei province, on June 18. CAO JIANXIONG/FOR CHINA DAILY China is overhauling its pricing law after nearly three decades, a critical revision aimed at curbing cutthroat price wars, algorithm discrimination and other unfair market practices in the…
CITIC actively invests in emerging industries like digital technology, low-altitude economy and artificial intelligence. [Photo provided to chinadaily.com.cn] CITIC Ltd has published interim results for 2025, reporting revenue of 368.8 billion yuan ($51.69 billion), a net profit of 59.8 billion yuan, and profit attributable to ordinary shareholders of 31.2 billion yuan. The company board has recommended…
Angus Choi, partner and ESG Data & Technology lead of KPMG China. [Photo provided to chinadaily.com.cn] Market consultancy KPMG China is embracing new technologies, innovation and artificial intelligence to help address social and environmental issues, according to Angus Choi, partner and ESG Data & Technology lead at the company. “We recognize that technological innovation is…