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…
A promotional ad for the movie “Ne Zha 2” in collaboration with Honor, a leading Chinese smartphone brand, on display at a shopping mall in Nanjing, Jiangsu province, on Feb 10, 2025. [Photo/VCG] Editor’s Note: The extensive promotion and merchandise surrounding “Ne Zha 2,” China’s highest-grossing movie, exemplify the growing influence of intellectual property (IP)…
The US Congress passed a law last year forcing ByteDance to either sell TikTok or close it by this Jan 19, 2025. [Photo/Agencies] SAN FRANCISCO – TikTok was once again available for download in the Apple app store and Google Play store in the United States on Thursday. The video-sharing app, used by 170 million…
WeChat, China’s leading social media platform, is conducting small-scale testing to integrate DeepSeek’s R1 large model, joining a group of Chinese tech giants in embracing DeepSeek for enhanced AI capabilities, Tencent confirmed to China Daily on Sunday. Users included in the test can see the “AI Search” label at the top of the search bar…
Combating labor shortages and an aging workforce — or simply supporting mountain climbers and improving elderly mobility — China’s exoskeleton makers are pushing into the global market with advanced technology and cost-effective solutions. ULS Robotics, a Shanghai-based developer founded in 2018, said that last year they saw an improvement in product maturity and growing market…
Air Astana, the national flag carrier of Kazakhstan, is scheduled to launch a route between Guangzhou, Guangdong province, and Almaty on March 31. Guangzhou will become the fourth direct flight destination opened by Air Astana in China after Beijing, Urumqi in the Xinjiang Uygur autonomous region and Sanya in Hainan province. The new route will…