Chinese internet heavyweights have returned to a rapid upward trajectory fueled by the continuously improved business environment and the application of rapidly evolving artificial intelligence technology, as they posted the fastest quarterly revenue growth in core businesses. Experts said the robust financial performance demonstrates the immense potential and resilience of Chinese platform enterprises, which have…
Swedish industrial giant Atlas Copco Group marked a milestone in its 152-year history with the grand opening of its new China headquarters for compressor technologies in Wuxi, Jiangsu province, on Wednesday. The campus, representing a 3 billion yuan ($416 million) investment, the division’s largest since 1997, underscores the company’s deepening commitment to innovation and sustainability…
A worker is busy at a construction site of a residential complex under an urban renewal project in Shanghai in March 2024. FANG ZHE/XINHUA SHANGHAI — China’s property market is showing renewed signs of recovery, with both new home sales and secondhand transactions increasing, fueled in part by rising demand for high-quality housing spurred by…
A man walks next to Russian Kaspersky stand during the GSMA’s 2022 Mobile World Congress (MWC), in Barcelona, Spain, March 2, 2022. [Photo/Agencies] Russian cybersecurity giant Kaspersky has defied broader industry challenges to post robust growth in China, citing a 20-30 percent annual revenue surge over the past five years and touting its potential in…
A view of the booth of GCL during an expo in Shanghai. [Photo provided to China Daily] GCL Energy Technology Co Ltd, a frontrunner in China’s renewable energy sector, showcased its innovative fusion of blockchain technology and green asset digitization at the recently concluded “RWA REAL UP Summit 2025”. Hosted by Ant Group’s digital arm…
A manager (left) introduces cross-border payment services of XTransfer, a Shanghai-based platform, to an overseas buyer during the 137th China Import and Export Fair in Guangzhou, Guangdong province, on April 15. QIU QUANLIN/CHINA DAILY Chinese fintech service platforms launched incentive policies during the recent 137th China Import and Export Fair, popularly known as the Canton Fair,…
Two staffers from State Grid Anyang Power Supply Co guide a new energy vehicle driver in using a charging pile in the Taihang Mountain Grand Canyon in Anyang, Henan province, prior to the May Day holiday. SU SHIYI/FOR CHINA DAILY In the prefecture-level city of Anyang in Henan province, the Taihang Mountain Grand Canyon spans…
Du Kai (left), CEO of Gan & Lee Pharmaceuticals, Alexandre Padilha (middle), Brazil’s Minister of Health, and Heraldo Marchezini (right), CEO of Biomm, jointly signed the cooperation commitment letter for the PDP project in Beijing on May 12, 2025. [Photo provided to chinadaily.com.cn] Chinese biopharmaceutical enterprise Gan & Lee Pharmaceuticals has signed a cooperation commitment…
China’s State-owned energy giant China Petroleum and Chemical Corp, also known as Sinopec, announced on Tuesday a major breakthrough in natural gas exploration. The company announced that a well in the Sichuan Basin in Southwest China tested at a high daily output of 314,500 cubic meters of industrial gas flow, a discovery that will boost…
The logo of Meituan. [Photo/VCG] Chinese on-demand service leader Meituan said on Monday it will invest $1 billion in Brazil over the next five years and launch its food delivery brand Keeta there in the coming months, marking its latest push in going global. Meituan’s announcement came during a China-Brazil business seminar held in Beijing…