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China’s YMTC files for IPO on STAR Market

China’s leading flash memory maker, Yangtze Memory Technologies Co, or YMTC, has officially kicked off its initial public offering process, with plans to list on Shanghai’s STAR Market, according to a filing with the China Securities Regulatory Commission on Tuesday. The filing showed that the company, which has no controlling shareholder, features a diversified ownership…

Ferrari to strengthen its presence in China

Jan Hendrik Voss, president of Ferrari Greater China, describes the luxury market in China as resilient and dynamic despite global volatility. He said that Chinese consumers are younger and more focused on experience and value than anticipated. Committed to a long-term strategy, Ferrari aims to deepen its connection with this evolving market through brand authenticity…

Budweiser China, Jiangsu Nongken strengthen domestic barley supply chain

Budweiser China and Jiangsu Nongken Group host the sixth annual Growers Day at Huaihai Farm in Sheyang County, Yancheng, Jiangsu province, on May 14. [Photo provided to chinadaily.com.cn] Budweiser China and Jiangsu Nongken Group are reshaping domestic barley supply chain, supporting farmers to increase yields, improving raw material supply, and boosting industry collaboration. On May…

Sinopharm expands its international presence

Jointly constructed by Sinopharm Group and other Chinese enterprises, a hospital located in Guyana is officially put into use in July 2025. [Photo provided to chinadaily.com.cn] Sinopharm Group, a centrally owned enterprise, has accelerated its international operations in recent years, now exporting products to over 70 countries and regions, with those involved in the Belt…

BluePai eyes overseas two-wheeler service market

BluePai, a two-wheeler mobility service arm of Hello, is expanding its overseas footprint by providing technology-enabled services and operational support to global partners, reflecting a broader shift among Chinese two-wheeler companies from hardware exports to solution-based global expansion. The company showcased its overseas service solutions at the recently concluded 2026 China International Bicycle Fair, attracting…

China unveils domestically produced 103-grade racing fuel

China’s self-developed 103-grade racing gasoline was officially put into use in the Xinjiang Uygur autonomous region on Saturday. As the first domestically industrially produced 103-grade racing fuel, it fills the domestic gap and ends reliance on imports for top races. Previously dependent on imported fuel, China now masters core technology, with the domestic product meeting…

Dassault Systemes to strengthen AI ecosystem building in China

Visitors gather at the exhibition stand of Dassault Systemes during the 2025 Marintec China exhibition in Shanghai on Dec 2. CHINA DAILY French industrial software company Dassault Systemes is looking to strengthen its industrial artificial intelligence ecosystem in China, as the country steps up ongoing efforts to foster new quality productive forces and advance the…

Mastercard, JD.com partner to develop new commerce, payment experiences

[Photo provided to chinadaily.com.cn] Mastercard, a leading US-based payment technology company, and Chinese e-commerce giant JD.com signed a strategic cooperation agreement in Beijing on Friday aimed at driving innovation and building a more connected, secure, and intelligent commercial ecosystem. The two companies will further integrate and enhance global payment connectivity by developing a payment infrastructure…

Big rise in value of Chinese brands on global list

The value of Chinese brands listed among the 2026 top 100 most valuable global brands has leaped by 32 percent year-on-year, significantly surpassing the global average growth rate, according to a report released by the consulting firm Kantar. Chinese brands are not only showcasing their innovative vitality and global competitiveness, but are also transitioning from…

China Telecom’s smart cloud system sparks Chongqing’s digital transformation

China Telecom Chongqing municipal branch kicks off a “Chongqing in Smart Cloud” launch event on May 15 to empower the digital construction in the southwestern municipality. [Photo provided to chinadaily.com.cn] China Telecom kicked off a “Chongqing in Smart Cloud” launch event on May 15 to empower digital construction in the southwestern municipality, injecting strong momentum…