Several vehicles featuring QCraft’s system are seen in Beijing in January 2026. [Photo provided to chinadaily.com.cn] Chinese autonomous driving startup QCraft said on Monday it has raised $100 million in a new round of Series D financing, as it pivots toward higher-level autonomy and physical AI technologies. The latest funding was backed by a group…
Laopu Gold Co Ltd has reported a rise in annual sales. In its preliminary earnings announcement, the company estimated tax-inclusive sales of 31 billion yuan ($4.5 billion) to 32 billion yuan, up 216 percent to 227 percent year-on-year. Net revenue is expected at 27 billion yuan to 28 billion yuan, while net profit is forecast…
Chris Kempczinski, McDonald’s chairman and CEO, said in an exclusive interview with China Daily that “We’re growing a lot in China. We believe in the country and we believe in the business. If China delivers the around 4.5 percent GDP growth target, that would certainly be a really healthy number. And 5 percent GDP growth…
Patrick Horber Novartis, an innovative medicines company based in Basel, Switzerland, will continue to boost its multidimensional investment strategy in China, by expanding innovation, building manufacturing capacity and increasing collaborative research and development, in order to grow together with the Chinese biopharmaceutical industry, a senior executive said. Reflecting the pharmaceutical company’s investment and focus on…
China’s A-share market is at a critical turning point as recovering economic fundamentals and fresh capital inflows drive a shift from zero-sum game toward incremental allocation, with a more resilient and stable capital market ecosystem taking shape, according to participants at a CITIC Securities forum. China has set its 2026 GDP growth target at 4.5…
Hyundai’s new Nexo hydrogen vehicle garners attention at the World IT Show 2025 in Seoul, South Korea, in April 2025. CHRIS JUNG/GETTY IMAGES China has launched a pilot program to accelerate the development and large-scale application of green hydrogen energy, aiming to drive technological innovation and establish hydrogen power as a new growth driver for…
Nvidia CEO Jensen Huang gives the keynote address at the company’s annual GTC developers conference in San Jose, California, on March 16. JOSH EDELSON / AFP The rise of OpenClaw, the open-source autonomous AI agent that has taken the tech world by storm, was a hot topic at Nvidia’s annual conference this week, with industry…
Representatives of Chinese and German enterprises exchange ideas during a German CEO delegation’s visit to Chongqing earlier this week. HE PENGLEI / CHINA NEWS SERVICE More German companies are looking for business opportunities in western China, as a delegation of business leaders from the European nation visited Southwest China’s Chongqing on Wednesday to deepen their…
China released a draft of its first fundamental law governing the financial sector on Friday, offering a top-level legal framework for the entire sector and marking a key step toward building a financial powerhouse. The draft financial law, jointly issued by the Ministry of Justice, the People’s Bank of China and other top financial regulators,…
A series of dialogues between CEOs of multinational corporations and senior officials of Beijing took place on Friday, setting the stage for a new model of future cities. During the event, Beijing Mayor Yin Yong said: “Over the past five years, the number of foreign-invested enterprises in Beijing has increased by more than 9,000, and…