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China gives go ahead for new tumor-targeting drug

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InnoCare Pharma Ltd, a Hong Kong-listed Chinese mainland biotech company, said on Thursday that its cancer drug Zurletrectinib has won approval from the National Medical Products Administration to treat adults and adolescents aged 12 and older with solid tumors carrying NTRK gene fusions. The therapy, also known as ICP-723, is a next-generation TRK inhibitor designed to…

Alibaba apps to integrate with Qwen

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People visit the booth of Alibaba.com during the 136th China Import and Export Fair in Guangzhou, South China’s Guangdong province, Oct 15, 2024. [Photo/Xinhua] Chinese tech heavyweight Alibaba Group is doubling down on artificial intelligence focused on both enterprises and consumers, and will integrate its e-commerce, map navigation and local services businesses into its newly launched…

SABIC bullish on prospects in China

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Saudi Arabia-based SABIC, one of the world’s largest petrochemical firms, plans to deepen its investment and collaborative partnerships in China, as it has been leveraging the country’s continuously optimized business environment and long-standing mutual trust to enhance its presence in the fast-growing Asian market. Confident in the trajectory of China’s economic development, SABIC CEO Abdulrahman…

Chinese company wins contract to build big-data systems in Cambodia

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A core technology behind China’s first large-scale pumped-storage AI data analysis platform has secured a contract to build big-data systems for two major hydropower stations in Cambodia, China Southern Power Grid said. The bid marks the overseas application of China’s achievements in AI application in pumped storage, helping facilitate industrial technology cooperation in hydropower infrastructure…

Shale oil demonstration zone beats annual target

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China’s first national-level onshore shale oil demonstration zone has reached its annual crude output target of 1.7 million metric tons as of Tuesday, finishing 22 days ahead of schedule, according to an announcement on the China National Petroleum Corporation’s official website. The Jimsar shale oil demonstration zone in the Xinjiang Uygur autonomous region was jointly…

Shanghai tech firms ready for intl embodied intelligence competition

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Engineers of the Humanoid Robot (Shanghai) Co Ltd fine-tune the robot’s dexterity through rigorous grasping and handling performance tests on Dec 8. [Photo by Luo Bin/chinadaily.com.cn] Leading robotics companies offered a preview of their advanced technologies for upcoming international events during a media briefing in Shanghai’s Zhangjiang area on Dec 8. The spotlight is on…

Air China–Rolls-Royce joint venture begins operations in Beijing

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[Photo provided to chinadaily.com.cn] China marked a key step in expanding its high-end aero engine maintenance capabilities as the country’s first joint venture for aero maintenance, repair and overhaul officially opened and began operations in the Beijing Capital International Airport Economic Zone on Wednesday. As Rolls-Royce’s fourth MRO JV facility — and the first of…

Shale oil base achieves major breakthrough

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China’s first national-level continental shale oil demonstration zone, located in Xinjiang Uygur autonomous region, has achieved its annual crude oil production target of 1.7 million metric tons ahead of schedule, its operator, China National Petroleum Corporation (CNPC) said. This major accomplishment signals a systemic breakthrough in exploiting one of the world’s most challenging unconventional resources,…

Canon shutters Guangdong printer factory amid shrinking demand

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Japanese tech company Canon Inc. [Photo/VCG] Japanese tech company Canon Inc has ceased production and operation of its printer factory in Zhongshan, Guangdong province due to declining local demand and increasingly stiff competition in the laser printer market. The company attributed the shutdown of the factory, effective Nov 21, to a shrinking global laser printer…

Shanghai Forest Cabin Cosmetics files for IPO in Hong Kong

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Merchants promote Lin Qingxuan’s products through livestreaming in Shanghai on May 14. CHINA DAILY Shanghai Forest Cabin Cosmetics Group, or Lin Qingxuan, a leading brand in China’s domestic skincare market, has filed its IPO prospectus and plans to go public in Hong Kong, amid fierce competition in the skincare oil market. On Dec 2, the…