Chinese online video platform iQIYI said on Monday that it has filed an application with the Hong Kong stock exchange, seeking approval to list its Class A ordinary shares. It also announced a new share repurchase program of up to $100 million over the next 18 months, effective immediately upon approval. The buyback may include…
UK-based company Arm Holdings has unveiled its first in-house chip designed for artificial intelligence data centers, and more importantly, plans to sell the product in China. Rene Haas, chief executive officer of Arm, said in an online interview that the new data center central processing unit, the Arm AGI CPU, is eligible for sale in…
JD’s $2.5 billion bid for Ceconomy, the owner of Europe’s MediaMarkt and Saturn chains, has run into regulatory resistance in Austria, with the Chinese e-commerce giant warning that the deal’s completion is now “questionable”. JD warned in a statement that the deal is facing review hurdles from Austrian authorities and “whether the transaction can be…
Brian McNamara, CEO of Haleon, told China Daily in an interview that China plays such an important role because it’s such a big market for the company. “It’s our No 2 market globally. We see really good growth and we see the opportunities to really help Chinese consumers with our product platforms.” On March 13,…
A view of Santen Vision Park in Suzhou, Jiangsu province. CHINA DAILY With patients’ needs as a top priority, Japan-headquartered global ophthalmic company Santen Pharmaceutical is upbeat about the Chinese market and is accelerating approvals by integrating China earlier into global development and registration plans to fulfill its long-term commitment in China for Chinese patients,…
Bernd Montag, CEO of Siemens Healthineers China’s accelerated transition toward innovation-driven growth and a stronger focus on chronic disease management is opening up new opportunities for global med-tech companies, Siemens Healthineers CEO Bernd Montag said, as the company deepens investment in this key market. In an exclusive interview with China Daily on the sidelines of the recent…
A 307,000-ton very large crude carrier (VLCC) was delivered on Wednesday in Dalian, Liaoning province, to South Korean owner Cido Shipping. Produced by Dalian Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), the vessel Empire Hope represents the latest generation of China’s independently developed VLCC design. With a length of approximately 333 meters and…
As an Air China flight from Beijing landed in Pyongyang on Monday morning, the Chinese carrier’s passenger air services between China and the Democratic People’s Republic of Korea have fully resumed after a six-year suspension. Air China’s Beijing-Pyongyang passenger route, first launched in 2008, had been suspended since January 2020 due to the COVID-19 pandemic.…
China Life Insurance Co Ltd, one of the country’s largest insurers, 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 an industry-wide transition. Net profit attributable to shareholders rose 44.1 percent year-on-year to 154.08 billion yuan ($21.2 billion) in…
The Industrial and Commercial Bank of China (ICBC), the nation’s largest State-owned commercial lender, reinforced the quality of its earnings in 2025, delivering steady growth while strengthening the resilience and sustainability of its profit base. ICBC reported an operating income of 801.4 billion yuan ($116 billion), up 1.9 percent year-on-year, with net profit rising 1…