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…
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…
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…
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…
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…
The Chinese yuan has strengthened steadily against the US dollar this year, with the offshore yuan gaining over 2 percent year-to-date. Economists attribute the increase to both external and domestic drivers. Globally, the US economy has been weighed down by high interest rates and trade policy uncertainties, weakening the dollar index. Meanwhile, domestically, China’s resilient…
US flag, Intel logo and words “10% stake” are seen in this illustration taken August 22, 2025. [REUTERS/Dado Ruvic] NEW YORK — US President Donald Trump said Friday Intel’s CEO has agreed to give the US government a company stake worth 10 billion US dollars, roughly equivalent to 10 percent of the chipmaker’s market…
Seniors check out air conditioners at a shopping center in Shanghai. CHINADAILY As China’s silver economy is gaining growth momentum, top Chinese home appliance makers are ramping up efforts to launch products suitable for seniors — a demographic that has shown an increasing demand for diversified, easy-to-use and health-oriented household appliances. Experts said that with…
Following the latest round of economic and trade talks between China and the United States in Stockholm, Sweden, last month, multinational corporations across sectors are reinforcing their commitment to the Chinese market, reflecting growing optimism for mutually beneficial bilateral cooperation. Business leaders highlighted China’s vast consumer base, resilient supply chains and drive for industrial upgrading…
Fast-evolving artificial intelligence is expected to foster new consumption growth drivers and inject strong impetus into China’s consumer market as this cutting-edge digital technology is spearheading a technological revolution and industrial transformation to drive economic growth, said experts and company executives. They said that commercial use of AI in e-commerce and home appliances will not…