Meituan, China's food delivery leader, is accused of paying merchants to spread negative information about rival Taobao Shangou, a unit of Alibaba. This comes amid intensified competition and regulatory scrutiny in the sector.
Hong Kong is increasingly seen by mainland Chinese tech firms as a "strategic adaptation ground" for global expansion, according to the city's finance chief. These companies are leveraging Hong Kong for international capital, talent, and brand building to become true multinational enterprises.
Mainland Chinese tech firms are leveraging Hong Kong as a "strategic adaptation ground" to evolve into multinational corporations. By attracting international capital and talent, and developing global brands and sales networks, these companies are establishing new growth engines and connecting to global markets, governance, and R&D.
Shanghai Disneyland marks its 10th anniversary, drawing visitors like Wang Jiandong and Yan Xu who prioritize park visits despite daily spending cuts. The park's success contrasts with broader Chinese consumer spending slowdowns, with visitors seeking high emotional value and memorable experiences.
Female comedians in China are using standup to address sexism and societal pressures, gaining a cult following. Despite censorship, they provide a release valve for women frustrated with everyday inequalities, though the line of acceptable topics shifts.
Yueban, a Chinese company, has debuted the Xiaoban, a smart toilet that autonomously drives to users, aiding those with mobility issues. It features self-cleaning, bidet, warm air drying, and waste disposal, potentially reducing reliance on caregivers.
Following the Russia-ASEAN Summit in Kazan, a declaration was adopted stating ASEAN's readiness to strengthen partnerships with the Eurasian Economic Union (EAEU) and the Shanghai Cooperation Organization (SCO).
Shanghai's robot exports reached 8.36 billion yuan in the first five months, accounting for over 40% of China's total and ranking first nationally. Cleaning robots led exports, with industrial robots also showing strong growth.
The Shanghai Stock Exchange has updated listing rules for unprofitable AI firms, allowing them to go public on the Star Market if they have an anticipated market cap of at least 4 billion yuan and clear commercialization plans. This aims to support high-quality AI companies amid intense global competition.
The Shanghai Stock Exchange (SSE) has updated listing rules for unprofitable AI firms, allowing LLM developers to go public on the Star Market with an anticipated market cap of at least 4 billion yuan and clear commercialization plans. The move aims to support high-quality AI companies amid intense global competition.
The Shanghai Stock Exchange has updated listing rules for unprofitable AI firms, allowing them to go public on the Star Market if they meet criteria like a 4 billion yuan market cap and clear commercialization plans. This aims to support high-quality AI companies amid intense global competition.
China plans to bolster legal defenses against unilateral sanctions by incorporating blocking and countermeasure provisions into financial legislation, according to Vice-Premier He Lifeng. He stated China will not compromise against "groundless suppression" and warned against unilateralism and protectionism.
Max Mara marked its 75th anniversary with a Shanghai fashion show, blending Chinese aesthetic codes with its signature style. Designer Ian Griffiths aimed to create a metropolitan wardrobe for Chinese women, moving beyond Western-centric assumptions and embracing the 'guochao' trend.
Walt Disney chairman Bob Iger highlighted China's "incredible potential" as the company opened its $5.5 billion Shanghai theme park on June 16, 2016. This marks Disney's first major venture onto mainland China, aiming to expand its brand beyond saturated markets.
Argentina's Central Bank Governor met with the head of China's central bank to discuss the global economy and monetary system. While Argentina denies swap renewal talks are on the agenda, reports suggest progress is being made on extending the agreement.
Mercados financeiros globais registram alta expressiva após anúncio de acordo preliminar para encerrar conflito com o Irã e reabrir Estreito de Ormuz. Petróleo cai e bolsas asiáticas e europeias fecham em patamares robustos.
An ultra-fast EV charging station was completed in Abu Dhabi in just six weeks, showcasing a synergy between UAE efficiency and Chinese production speed. The chairman expressed amazement at the development.
An ultra-fast EV charging station was completed in Abu Dhabi in six weeks, showcasing a synergy between UAE efficiency and Chinese production speed. The chairman expressed satisfaction with the development.
A Shanghai man, Liu, spent 10,000 yuan ($1,500) on online health products from an influencer named Chen, believing they would help him gain weight. Instead, he lost 6.5kg in a month, despite being told the herbal products had no side effects.
Shanghai has launched "Ze Ling," its first mascot for the intangible cultural heritage of Shanghai-style Traditional Chinese Medicine (TCM). The mascot, inspired by the ancient mythical creature Bai Ze, symbolizes wisdom, disease identification, and longevity. The city plans to develop cultural products and animations around "Ze Ling" to attract younger generations to TCM.
The first Industrial Supplies Conference (CISS 2026) was held in Shanghai on June 12, focusing on "Innovation-driven, Industrial Synergy, Value Leap." The event discussed development opportunities for the industrial supplies industry under the new industrialization context. A report released at the conference highlighted the structural changes in manufacturing procurement and the growing importance of digital procurement and AI in the sector.
A business matchmaking event between Abu Dhabi and Shanghai was held in Shanghai on June 12, attracting over 100 enterprises from both regions. The event aimed to foster cooperation and development, focusing on sectors like biomedicine, digital economy, and cross-border finance, with participants engaging in one-on-one business negotiations.
A celebration was held in Shanghai on June 12th to mark the 80th anniversary of the Jiu San Society's Shanghai organization. Leaders emphasized the organization's history of adhering to the Communist Party's leadership and contributing to Shanghai's development.
Shanghai-based GPU designer MetaX announced plans for a Hong Kong listing, aiming to raise capital for R&D, expansion, and strategic investments. The proposed H-share offering, representing up to 5% of enlarged capital, follows its recent debut on Shanghai's Star Market.
