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SOEs to share more after-tax profits with govt

An image captures the construction of the Qinglongmen Bridge, linking Fodu and Meishan islands in Zhejiang province, on Wednesday. Spanning 756 meters, the project — jointly built by units of China Railway Construction Corp — stands as the largest steel box girder cable-stayed bridge with three towers in the world. YAO FENG/FOR CHINA DAILY China…

Home appliance giant reports net profit increase

An employee of Chinese home appliance maker Midea Group inspects air conditioners at a workshop in Guangzhou, Guangdong province, in March 2025. [Photo/Xinhua] GUANGZHOU — China’s home appliance giant Midea Group posted a 14 percent year-on-year increase in net profit attributable to shareholders, reaching 43.95 billion yuan ($6.4 billion) in 2025, according to the company’s…

China Life sees sharp jump in earnings

A view of the booth of China Life Insurance Co Ltd during an expo in Beijing. HU QINGMING/FOR CHINA DAILY China Life Insurance Co Ltd, the country’s largest life insurer, reported a sharp jump in annual profit for 2025, fueled by strong investment returns and a shift toward higher-value products, although premium growth slowed amid…

Pierre Fabre to boost investment in China

French pharmaceutical and dermo-cosmetics company Pierre Fabre Laboratories will continue to increase its investment and cooperation efforts in China, one of its top priority markets globally and a strategic pillar for the company’s future growth, fulfilling its long-term commitment of “in China, for China”, said a senior executive. As one of the first multinational pharmaceutical…

China base for global corporate investment

From left to right: Yang Ting, vice-president of Agilent Technologies and general manager for Agilent Greater China; Shirley Zhao, president of Astellas China; Anna An, president of Henkel Greater China; David Poon, president of Infineon Technologies Greater China Editor’s Note: As China launches its 15th Five-Year Plan (2026-30), policymakers are strengthening coordination between the “Export to China” and “Shopping…

Racing to the top: From workshop to podium

Two motorcycles made by Chinese motorcycle manufacturer ZXMOTO are ready for action in the World Supersport category at the Portuguese round of the Superbike World Championship in Portimao, Portugal. [Photo provided to China Daily] On the sunlit track of southern Portugal’s Portimao circuit last weekend, Chinese motorcycle brand ZXMOTO secured two straight World Supersport category…

Huawei posts second-highest revenue in 2025

Huawei Technologies Co said on Tuesday that it delivered a stable performance in 2025, with global revenue reaching 880.9 billion yuan ($127.7 billion), the company’s second-highest annual tally, marking a 2.2 percent increase year-on-year. Net profit stood at 68 billion yuan, up 8.7 percent from a year earlier, the company said. “In 2025, Huawei’s overall…

Insilico, Lilly strike AI drug discovery deal worth up to $2.75 billion

Insilico Medicine Cayman TopCo, a Hong Kong-based AI-driven drug discovery startup, said on Monday that it has entered into a global licensing and research deal with US pharmaceutical giant Eli Lilly worth up to $2.75 billion to advance drug discovery across multiple therapeutic areas. Under the agreement, Lilly will obtain an exclusive worldwide license to…

Insilico, Lilly strike AI drug discovery deal worth up to $2.75 billion

Insilico Medicine Cayman TopCo, a Hong Kong-based AI-driven drug discovery startup, said on Monday that it has entered into a global licensing and research deal with US pharmaceutical giant Eli Lilly worth up to $2.75 billion to advance drug discovery across multiple therapeutic areas. Under the agreement, Lilly will obtain an exclusive worldwide license to…

Apple fixes glitch that enabled Apple Intelligence access in China

A temporary software glitch briefly allowing some iPhone and iPad users in China to download and activate Apple Intelligence, Apple’s on-device AI suite that has not yet officially launched in the country, has been resolved, Apple confirmed on Tuesday. In a statement provided to China Daily on Tuesday, Apple said the bug momentarily enabled access…