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Baidu sees its total revenue hit nearly $5b in the second quarter

An employee comes out of the Baidu headquarters in Beijing. [Photo by Fan Jiashan/For China Daily] Chinese tech giant Baidu Inc reported on Wednesday that its total revenue reached 32.7 billion yuan ($4.57 billion) in the second quarter of this year, with artificial intelligence-powered cloud business delivering robust revenue growth.  Revenue from Baidu’s core businesses…

Qualifier contest starts to widen market prospects in BRICS, ‘BRICS+’ countries

A view of Zhaoqing High-tech Industrial Development Zone in Guangdong, which is hosting the 2025 BRICS Industrial Innovation Competition Qualifier Contest for the Energy Electronics Industry Track between Aug 20 and 21. [Photo provided to chinadaily.com.cn] Amid global energy structure transformation, an international competition has started in Zhaoqing, Guangdong province, to help bolster green transition…

Lin-gang Special Area at 6th anniversary: New projects to boost innovation

Agreements for six major industrial projects were signed in Shanghai’s Lin-gang Special Area on Aug 19, as part of the area’s sixth anniversary celebrations. The high-profile projects include a heavy gas turbine project, a brain-computer interface verification platform, an underwater robot project and more, with a combined investment of over 40 billion yuan ($5.56 billion).…

China Eastern Airlines announces new Shanghai-Yiwu route

China Eastern Airlines announced on Tuesday it will launch a new daily flight between Yiwu, Zhejiang province and Shanghai Pudong International Airport on September 10, in a bid to enhance international transit connections through the East China economic hub. The decision aims to provide a more convenient link between Shanghai Pudong and cities across the…

XPeng reports record Q2, accelerates AI-driven growth

Visitors pose with the XPeng P7 car in Beijing on Aug 6, 2025. [Photo by Li Fusheng/chinadaily.com.cn] XPeng posted a record-breaking second quarter in 2025, with deliveries, revenue, and gross margin all hitting historic highs, underscoring the company’s rapid scale-up in China’s competitive electric vehicle market. Total revenue reached 18.27 billion yuan ($2.54 billion), up…

Maidelong banks on new retail mode for growth

Consumers browse products at a Maidelong store in Wuhan, Hubei province. [Photo provided to CHINA DAILY] Maidelong, formerly known as Metro China, has renovated one of its stores in Beijing by adopting domestic counterpart Pangdonglai’s celebrated retail practice, which centers on consumer experience. The launch marks the first step of Maidelong, a unit of Beijing-based…

Shanghai’s Putuo district hosts cross-border financial services forum

The 2025 Cross-border Financial Services Forum takes place at the Shanghai Convention and Exhibition Center of International Sourcing in Putuo district on Tuesday. [Photo by Li Junfeng/chinadaily.com.cn] The 2025 Cross-border Financial Services Forum was held at the Shanghai Convention and Exhibition Center of International Sourcing in the city’s Putuo district on Tuesday. Aimed at helping…

AI integration, innovative add-ons brighten smart glasses outlook

Visitors gather at a company’s booth during a smart glasses expo in Shanghai on July 28. FANG ZHE/XINHUA China’s smart glasses market is believed to be experiencing a breakout this year, driven by rapid adoption of artificial intelligence-powered devices and surging consumer interest, said industry experts. Hangzhou, Zhejiang province-based smart eyewear manufacturer Rokid announced earlier last…

White House launches official TikTok account

The logo of TikTok is seen on the screen of a smartphone in Arlington, Virginia, the United States, March 13, 2024. [Photo/Xinhua] The White House launched an official TikTok account on Tuesday, taking advantage of the short video app’s more than 170 million US users to spread the messages of President Donald Trump. The new…