Property developer China Evergrande Group announced on Tuesday that the Hong Kong stock exchange has decided to delist it, effective Aug 25, and the company confirmed it will not apply for a review. The announcement came after a letter was received from the bourse operator on Friday, stating that Evergrande, which is already in the…
[Photo provided to chinadaily.com.cn] Kingdee International Software Group reported strong first-half growth, driven by surging demand for its AI-infused cloud subscription services and continued leadership in China’s enterprise software market. Revenue for the six months ended June 30 rose 11.2 percent year-on-year to 3.19 billion yuan ($442 million), with cloud services up 11.9 percent to…
The “intelligent production” large model, independently developed by Shandong Inspur Intelligent Production Technology Co Ltd, is drawing spotlight at an ASEAN AI summit 2025 held in Malaysia between Aug 12 and 13. [Photo provided to chinadaily.com.cn] A China-made “intelligent production” large model, being displayed at a global artificial intelligence trade event in Malaysia, is attracting…
Intersport International Corp, a leading sporting goods retailer based in Switzerland, is weighing a production pivot toward China. The retailer sees an opportunity to tap China’s unrivaled supply chain efficiency at a time when rivals are shifting production to Southeast Asia and other developing-country markets. Intersport International’s new CEO, Tom Foley, told the Financial Times…
Guests attending the 2025 World Artificial Intelligence Conference show avid interest in the artificial intelligence chips produced by MetaX, a Shanghai-based chip company, on July 29 at the event in Shanghai. SHI HUA / FOR CHINA DAILY Nvidia’s H20 artificial intelligence chip, designed specifically for the Chinese market in compliance with Washington’s export controls, is…
Craig Katerberg, chief legal and corporate affairs officer at Budweiser APAC, delivers a speech at an industry conference in Putian, Fujian province in early August 2025. [Photo provided to chinadaily.com.cn] Budweiser China, a subsidiary of Budweiser Brewing Co APAC Ltd, will continue to invest in China – one of its largest markets globally – as…
A view of New Aga Khan Museum of Islamic & Contemporary Art, which with Chinese Architectural Designer Shen Tao as design lead, has been named a 2025 NY Architectural Design Awards Gold Award winner. [Photo provided to chinadaily.com.cn] As large-scale urban renewals worldwide grapple with balancing landmark ambitions and capital returns, a 55-billion-yuan ($7.74 billion)…
Construction of the No 1 reactor at the Jinqimen nuclear power plant in Ningbo, Zhejiang province, began on Sunday with the pouring of concrete for the nuclear island, marking a significant step forward for China’s Hualong One nuclear technology, said its operator China National Nuclear Corp. The Jinqimen No 1 reactor, designed for a 60-year…
Consumers check out products at an Aldi supermarket in Suzhou, Jiangsu province, on July 14. GUAN YUNAN/FOR CHINA DAILY Beijing-based retailer Wumart Group recently unveiled its new hard discount supermarket format — Wumart X Super Value — with six stores opening simultaneously across the capital, aiming to attract consumers seeking low prices and high-frequency essentials…
Consumers wait for coffee at a Luckin Coffee store in Shanghai on May 31. CHINA DAILY Starbucks Corp posted solid third-quarter results in China, with revenue and same-store sales rising year-on-year and operating margin recording quarterly improvement, even as local rival Luckin Coffee Inc continues to expand at a breakneck speed. Starbucks’ revenue in China…