Chinese e-commerce giant JD has announced that, starting March 1, it will provide full-time food delivery riders with comprehensive social insurance and housing funds, while part-time riders will receive accident and health insurance. The move makes JD the first platform in China to offer such extensive insurance coverage for delivery personnel, underscoring its commitment to…
On China’s Spring Festival Gala, a group of humanoid robots dressed in floral cotton jackets performed a traditional yangge dance, which quickly went viral online. Six months ago, our reporter visited the company’s R&D site, where the robots competed in square dancing with the aunties. Apart from dancing, what else can humanoid robots do? Watch…
An array of excavators are arranged for export at a port in Yantai, Shandong province, on Friday. [TANG KE/FOR CHINA DAILY] Chinese equipment manufacturer Sany Heavy Industry Co Ltd unveiled plans on Wednesday for a proposed listing on the Hong Kong stock exchange. The company is presently engaged in discussions with relevant intermediaries to iron…
Private enterprises should play a vital role in bolstering technological innovation and making greater contributions to the development of the digital economy, said Qi Xiangdong, chairman of cybersecurity company Qi-Anxin Technology Group. His comments came as Chinese top leadership reiterated China’s commitment to boosting the private sector through concrete efforts to implement supportive policies and…
China National Petroleum Corporation (CNPC) announced on Tuesday that its Daji gas field, China’s first successfully developed deep coal-measure gas field, has achieved cumulative production of over 3 billion cubic meters. As one of the country’s first national coalbed methane demonstration projects, the field is located on the eastern edge of the Ordos Basin, and…
Chinese private companies are emerging as the dominant force in the country’s booming solar energy industry, driving innovation, manufacturing and market expansion, said Zhu Gongshan, chairman of GCL (Group) Holdings Co Ltd, China’s largest private power conglomerate. “From upstream silicon production to downstream photovoltaic power station construction, China’s solar power sector, where the vast majority…
An employee comes out of the Baidu headquarters in Beijing. [Photo by Fan Jiashan/For China Daily] Tech giant Baidu Inc reported on Tuesday that its total revenue reached 133.1 billion yuan ($18.24 billion) in 2024, with profits from its core businesses rising to 23.4 billion yuan, marking a 21 percent year-on-year increase. Robin Li, co-founder…
Chinese private companies are advancing rapidly amid challenges, with technology not only flourishing in high-end manufacturing and artificial intelligence, but also pioneering innovative growth in traditional sectors, such as agriculture, said Liu Yonghao, founder of New Hope Group. NHG is an agricultural company that participated in a symposium on Monday by China’s top leadership on…
Xu Guanju, chairman of Transfar Group. [Photo provided to chinadaily.com.cn] China’s private enterprises will work together to embrace another spring for the private economy, said Xu Guanju, chairman of Transfar Group, a leading chemicals manufacturer, after attending a high-level symposium on private enterprises. His comments came as Chinese top leadership reiterated China’s commitment to boosting…
Consumers wait for beverages at a Good me outlet in Hangzhou, Zhejiang province, on Wednesday. [LONG WEI/FOR CHINA DAILY] Guming Holdings Ltd, a leading mid-priced freshly made tea brand, floated on the Hong Kong bourse last week, becoming the third publicly traded tea beverage company after Nayuki and Sichuan Baicha Baidao. In terms of store…