People shop for appliances at a store in Qingzhou, East China’s Shandong province, on May 3, 2025. [Photo/Xinhua] A recent report by the China National Commercial Information Center on China’s consumer goods market shows that the policy of trading old consumer goods for new ones has significantly boosted home appliance sales and accelerated the market’s…
Geely Holding Group is pushing ahead with a deeper integration between its New York-listed premium brand Zeekr and its Hong Kong-listed Geely Auto, as it aims to tighten control over its sprawling automotive empire and drive profitability through internal consolidation. The move is part of the “One Geely” strategy, an effort to unify its businesses…
Signage for Chinese tech giant Alibaba is seen on a building in the Xuhui district in Shanghai on Feb 22, 2025. [Photo/VCG] Chinese tech heavyweight Alibaba Group Holding Ltd reported on Thursday night that its revenue stood at 236.45 billion yuan ($32.6 billion) during the January-March period, an increase of 7 percent year-on-year, while its…
Tetra Pak showcases its ready-to-drink (RTD) protein product solutions, a fast-growing space fueled by the expansion of fitness culture beyond gyms to the broader public at the recent FBIF 2025 Food and Beverage Innovation Forum in Shanghai. [Photo provided to chinadaily.com.cn] As Chinese consumers grow increasingly health-conscious, demand for high-protein functional beverages is surging, prompting…
Changan Chairman Zhu Huarong introduces the company’s first overseas new energy vehicle plant in Thailand on May 16. CHINA DAILY Changan Automobile unveiled its first overseas new energy vehicle manufacturing plant in Thailand on Friday, a sign of how Chinese automakers are deepening their efforts to explore overseas markets amid intense competition at home and…
Oppo unveils its latest phones. [Photo provided to chinadaily.com.cn] Chinese smartphone vendor Oppo has unveiled its latest Reno14 smartphone series, designed to cater to the dynamic imaging and AI-driven demands of young consumers as it aims to stand out amid intensified competition. Packed with advanced camera technology, enhanced software capabilities, and intelligent features, the new…
A view of the central business district of Beijing in March. [Provided to China Daily] BEIJING — China’s business sector has demonstrated renewed vitality and momentum since the start of the year, driven by a series of strengthened government policies designed to foster a more supportive environment. In the first quarter, the number of newly…
Delivery employees pass through Beijing’s central business district on Feb 20. [ZHAO WENYU/CHINA NEWS SERVICE] China’s top market regulator has pledged a sweeping crackdown on cutthroat competition, warning that relentless price wars and copycat tactics would hinder innovation. The latest push marked Beijing’s push to regulate overheated markets, including online food delivery sector, without over…
A view of a Chinese-invested industrial park in Trinidad and Tobago. [Photo/Xinhua] Latin America’s rapid urbanization and industrialization have led to a rising need for improved transportation, energy, and telecommunication networks, presenting a significant opportunity for Chinese infrastructure firms to engage in mutually beneficial cooperation, analysts said. The unique strengths and expertise of Chinese infrastructure…
ADDIS ABABA – Chinese automaker Guangzhou Automobile Group Co Ltd (GAC Group) has introduced two of its electric vehicle models to the Ethiopian market, marking the Chinese car brand’s entry into the East African country. The company unveiled its AION Y and ES9 models on Saturday at a launch event in Addis Ababa, the capital…