China Tourism Group Duty Free, or CTG Duty-Free, a leading Chinese retail travel operator, has reached an agreement to acquire DFS Group’s travel retail business in Hong Kong and Macao, along with associated intangible assets on the Chinese mainland, for up to $395 million. The transaction, which will be conducted through CTG Duty-Free’s wholly owned…
Restaurant workers cook grilled fish at a Kaojiang brand spicy grilled fish restaurant in Haidian district, Beijing, on Friday. GENG FEIFEI/CHINA DAILY A culinary icon deeply rooted in Southwest China’s Sichuan province and Chongqing municipality, which is also a must-visit spot for tourists, is scheduled to make its first appearance in Shanghai at the end…
In a bid to avert a potential US ban over so-called security concerns, popular social media platform TikTok announced on Friday that it had closed a deal to establish a majority United States-owned joint venture to run its US operations. Under the agreement, US and global investors — including cloud computing giant Oracle, US private…
Chinese smartphone brand iQOO has unveiled its latest mid-range phone Z11 Turbo. [Photo provided to chinadaily.com.cn] China’s smartphone market is expected to see shipments of around 278 million units in 2026, a year-on-year decrease of 2.2 percent, according to a forecast by market research company International Data Corp. Guo Tianxiang, research manager at IDC China,…
Recent foreign media reports touting imminent approval for Tesla’s Full Self-Driving (FSD) technology in China are inaccurate, a Chinese source has said. The denial came after Reuters reported that Tesla CEO Elon Musk said on Thursday that “we hope to get Supervised Full Self-Driving approval in Europe, hopefully next month, and then maybe a similar…
A humanoid robot from “Walker” series of UBTECH conducts sorting work at the Beijing World of Robots in Beijing, capital of China, Feb 24, 2025. [Photo/Xinhua] GUANGZHOU — Chinese humanoid robot developer UBTECH has struck a deal to supply robots to European aviation giant Airbus for use in its manufacturing facilities, the tech firm, located…
Chinese tax authorities fined the operator of e-commerce platform Pinduoduo 100,000 yuan ($14,000) for failing to submit required tax-related information, according to the State Taxation Administration on Wednesday. The STA said that it issued a rectification order in November 2025, instructing the company to correct the violation within a specified period. Although the company later…
Chinese railway operators have implemented precise strategies to coordinate the transport of thermal coal for winter heating. At Xiuwen Station in Shanxi province, managerial staff members have worked to adjust the train operation diagram for the first quarter, scientifically arranging shunting operations and monitoring train operations in real-time. They have also precisely coordinated with the…
Tencent Holdings said it investigated and punished over 70 cases of internal misconduct in 2025, dismissing more than 90 employees for breaching internal rules, as China’s internet giants intensify efforts to curb corruption in their ranks. The cases of more than 20 employees were transferred to public security authorities as criminal offences were suspected, while…
The first shipment of high-grade iron ore from the world-class Simandou deposit in Guinea arrived at Rizhao Port in East China’s Shandong province on Wednesday, marking a transformative milestone for the global steel industry’s transition toward low-carbon production. The shipment was delivered by SimFer, a joint venture between the government of the Republic of Guinea,…