K Coffee opened its 100th store in Beijing on Jan 12. [Photo provided to chinadaily.com.cn] A more-than-700-year-old hutong in central Beijing has become the latest proving ground for culture-driven retail innovation, as K Coffee opened its 100th store in the capital on Jan 12. The store is located in Nanluogu Alley, one of the city’s…
A RemeGen office building in Yantai, Shandong province [Photo/remegen.cn] RemeGen shares surged more than 9 percent in Hong Kong trading as of 10 am Tuesday, leading a broader rally among pharmaceutical stocks, after the Chinese biotech firm secured a massive licensing agreement with US drugmaker AbbVie. In a statement released on Monday, AbbVie said it…
The restructuring of Sinopec and CNAF was announced by the State-owned Assets Supervision and Administration Commission of the State Council on Thursday. [Photo/VCG] China has greenlit a landmark merger between its top refiner China Petroleum and Chemical Corp (Sinopec) and China National Aviation Fuel Group, creating a vertically integrated giant to anchor a market where…
An A320 aircraft is assembled at Airbus’ second final assembly line in Tianjin on Oct 22. TONG YU/CHINA NEWS SERVICE Airbus secured a flurry of year-end aircraft orders from Chinese airlines, reinforcing the European planemaker’s dominance in China and its long-term commitment to the world’s second-largest aviation market. In just two days at the end…
Biopharmaceutical company Zonsen PepLib Biotech said in a company statement on Monday that it has struck a global licensing deal with Swiss multinational pharmaceutical company Novartis to develop a new peptide-based treatment, netting an upfront payment of $50 million. The agreement focuses on an undisclosed asset used in radioligand therapy, a precision cancer treatment that delivers…
Biopharmaceutical company Zonsen PepLib Biotech said in a company statement on Monday that it has struck a global licensing deal with Swiss multinational pharmaceutical company Novartis to develop a new peptide-based treatment, netting an upfront payment of $50 million. The agreement focuses on an undisclosed asset used in radioligand therapy, a precision cancer treatment that delivers…
Premier Chinese cashmere brand Sandriver inaugurated its largest global flagship store at Shanghai’s iconic Zhang Yuan, or Zhang Garden on Saturday. [Photo provided to chinadaily.com.cn] Premier Chinese cashmere brand Sandriver inaugurated its largest global flagship store at Shanghai’s iconic Zhang Yuan, or Zhang Garden on Saturday. As the first homegrown luxury brand to establish a presence…
China’s retail sector is entering a critical phase of transformation, with growth in 2026 expected to hinge less on foot traffic, channel expansion or price subsidies, and more on brands’ ability to meet consumers’ personal, emotional and experiential needs, according to a new report by world’s leading consumer intelligence firm NielsenIQ. In its report, “Guide…
Two newly built cable lines, Lilong AW17 and Liyue AW18, have recently come online in Jinhua, Zhejiang province, a move that is helping ease power constraints for high-tech enterprises and supporting the rapid growth of the city’s new energy vehicle industry cluster. Operated by State Grid Jinhua Power Supply Company, the two full-cable lines are…
Visitors check out Hanvon’s e-reader products during the ongoing Consumer Electronics Show (CES) 2026 in Las Vegas. [Photo provided to chinadaily.com.cn] Chinese e-reader technologies drew considerable interest at the Consumer Electronics Show (CES) 2026, as major players presented advances in core electronic paper display systems and digital stationery applications — achieving steady progress in technological…