Category: F2
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New Yuan Bank Loans Hit Record High
Chinese banks granted a record number of new loans in January demonstrating Beijing’s attempts to stabilise development in the second-largest economy in the world. At [more…]
China’s Imports of Lithography Equipment increase 1050%
China’s semiconductor manufacturer’s imports of foreign lithography equipment has increased by 1050% in November, despite US restrictions. In November, China imported 16 units of lithography [more…]
Alibaba To Partially Sell Off Stake in XPeng
Alibaba’s Taobao China plans to sell 25 million shares of Xpeng’s American Depositary Shares (ADSs), worth about $391 million, following this news a 7.54 percent [more…]
China Factory Activity Contracted in November, Overall Activity Sees Expansion
In November, China’s manufacturing activity shrank for a second straight month, according to a National Bureau of Statistics official survey. The manufacturing sector’s official purchasing [more…]
PDD Holdings Earnings Beat Estimates by Nearly Double
PDD Holdings, an online retailer well-known for providing cheap prices on its Pinduoduo and Temu apps, announced a 94% increase in Q3 2023 revenue to [more…]
Xiaomi Sets 11.11 Record of $3.11 Billion in Sales
Xiaomi claimed record sales across all platforms during the Singles Day shopping festival. The company broke the annual promotion record selling more than 22.4 billion [more…]
Alibaba Cloud is used by 80% of Chinese Tech Companies
With half of the nation’s AI language model businesses and 80% of tech companies already using the platform, Alibaba Cloud is cementing its position as [more…]
Yuan is Now Second Most Used Currency For Trade Finance
Based on data from the global SWIFT system, the yuan has surpassed the euro to become the second most important currency in trade settlements for [more…]
XPeng to Roll Out Self-Driving in 50 More Cities
Chinese EV start-up Xpeng plans to expand its advanced driver assistance system (ADAS) to 50 mainland cities by the year-end and nationwide by the end [more…]
Rapid Increase in China Innovation Index
An indicator revealed that China’s innovation increased rapidly in the previous year as new growth drivers gained traction and provided a boost for high-quality development. [more…]
