Shares of Chinese AI drug-delivery developer Metis TechBio Co Ltd opened at HK$28.68, up 173.14 percent from its IPO price on its trading debut on Wednesday. The company has raised more than HK$2.1 billion ($270 million) in Hong Kong’s largest healthcare IPO so far this year. The Beijing-based biotech issued 201.2 million shares in its…
US business leaders said the successful meeting between Chinese and US leaders has created fresh momentum for bilateral economic and trade cooperation. Michael Miebach, CEO of Mastercard and a member of the US business delegation accompanying US President Donald Trump on his state visit to China, said: “We’re encouraged by the positive momentum following yesterday’s…
Alibaba Group is preparing to fully integrate Qwen — its AI model and chatbot — with Taobao, allowing users to browse, compare, and purchase products through conversational AI interactions instead of traditional keyword searches, according to people familiar with the matter. The integration would enable users to complete the full shopping process inside Qwen’s AI…
The flags of China and the United States flutter outside a building. [Photo/Agencies] More than a dozen US corporate representatives have been invited to join US President Donald Trump on his trip to China, according to a report by CCTV News, citing multiple US media outlets. The outlets, including the Associated Press and Bloomberg, reported…
Chinese solar giant Longi Green Energy Technology Co announced on Saturday the successful grid connection and operation of its first energy storage project in Finland. The project marks a significant milestone in applying integrated solar-plus-storage solutions to high-latitude regions and harsh Nordic climates, it said. The project is specifically engineered to meet the unique challenges…
Ikea China opened its first small-format store in the Tongzhou district of Beijing on April 30, as the Swedish home furnishing giant continues to expand its footprint in China’s capital and deepen its omnichannel strategy. The Tongzhou store, part of Ikea’s broader effort to integrate more closely with consumers’ daily lives, spans roughly 1,500 square…
A view of the booth of Rolls-Royce during an expo in Shanghai. CHINA DAILY As China’s aviation market enters a new stage of expansion, Rolls-Royce is strengthening its long-term presence in the country, viewing the market as not only key for growth, but also as an increasingly important hub for maintenance services and supply chain…
As China advances high-quality development and opening-up, Austrian enterprises are looking to deepen their engagement with the nation, highlighting opportunities in advanced manufacturing, green development and fast-evolving consumer demand. Austria’s business community “has a lot of admiration for the progress China has made over the years,” said Franz Roessler, the commercial counselor at the Austrian embassy…
A visitor takes a bottle of Coca-Cola from a robotic arm during a high-tech expo in Shanghai on March 28. CHINA DAILY The Coca-Cola Company reported first-quarter results that exceeded market expectations, with revenue and profit rising on steady global demand and stronger momentum in emerging markets, including China. Net revenue climbed 12 percent to…
Passengers get off a C919 aircraft at Harbin Airport, Heilongjiang province. LIU YANG/FOR CHINA DAILY China’s domestically developed narrowbody C919 jet has entered a new phase of scaled commercial operations, analysts said, after the aircraft more than doubled its monthly flight volume and achieved utilization rates approaching those of Western rivals nine years after its…