China National Tire and Rubber Co Ltd, or CNRC, the controlling shareholder of Italian tire maker Pirelli, has submitted a proposal to address governance arrangements and potential regulatory concerns in the United States. The move followed an announcement last week by Camfin, Pirelli’s second-largest shareholder, that it would not renew its shareholder agreement with China’s…
The Vanke company logo on display on a building in Minhang district, Shanghai, on Jan 23, 2026. [Photo/VCG] China Vanke Co Ltd, one of the country’s largest property developers, announced on Tuesday night that it had secured fresh credit support from its largest shareholder, Shenzhen Metro, with a loan facility worth up to 2.36 billion…
A view of an Anta store in Nanjing, Jiangsu province. FANG DONGXU/FOR CHINA DAILY Anta Sports Products Ltd announced on Tuesday that it has entered into a definitive agreement to acquire a 29.06 percent stake in Puma SE, a global sportswear brand, from Groupe Artemis, the investment firm of the Pinault family. Valued at 1.5…
A visitor walks past robots displayed at a humanoid robot innovation center in Wuhan East Lake High-tech Development Zone, also known as the optics valley of China, in Wuhan, Central China’s Hubei province, Dec 4, 2025. [Photo/Xinhua] BEIJING – China’s tech-oriented small and medium-sized enterprises (SMEs) saw improved access to credit by the end of…
Going global is no longer an option for Chinese enterprises but has become a necessity for their growth and development, according to a recent report. Industry experts believe that global expansion will be one of the most important investment themes for Chinese companies over the coming decade. Amid adjustments in the global economic landscape, overseas…
Wang Ye, founder and CEO of Segway-Ninebot, speaks at the company’s 2026 user conference. [Photo provided to chinadaily.com.cn] Segway-Ninebot, a Chinese maker of smart electric two-wheeled vehicles, said its cumulative global shipments of smart electric scooters and motorcycles have exceeded 10 million units, marking a new milestone for the company’s mobility business. Speaking at the…
BEIJING — China’s State-owned enterprises (SOEs) directly administered by the central government invested 1.1 trillion yuan (about $157.69 billion) in research and development (R&D) in 2025, official data showed on Wednesday. The R&D spending has remained above 1 trillion yuan for four consecutive years, said Pang Xiaogang, deputy head of the State-owned Assets Supervision and…
China National Tire and Rubber Co Ltd, or CNRC, the controlling shareholder of Italian tire maker Pirelli, has submitted a proposal to address governance arrangements and potential regulatory concerns in the United States. The move follows an announcement last week by Camfin, Pirelli’s second-largest shareholder, that it would not renew its shareholder agreement with China’s…
Once known for its challenging natural conditions and vast stretches of undeveloped land, Lanzhou New Area in Northwest China’s Gansu province in the past decade has rapidly emerged as a hub for future-oriented industries driven by technological innovation, smart manufacturing and digital trade. At the heart of its high-end medical equipment sector is a domestically…
What’s China’s next growth engine? The recommendations for the 15th Five-Year Plan have the answer! With six key industries charting the course, a blueprint for China’s future tech and economic growth is taking shape. Innovation is at full throttle, and the future is locked in. Which sector are you most bullish on? Let us know…