Business
Jing'an tests rent-free pop-ups for young brands - May 11, 2026
At 812 Julu Road in Jing'an District, a pop-up space called Jing'an Youth Gravitational Field, also known as Lab812, is letting young brands test physical retail without paying rent – an unusual offer in a city where opening a store can cost tens of thousands of yuan upfront.
China's Infinigence AI raises USD102.9 million in new funding round - May 10, 2026
Infinigence AI, co-founded three years ago by a Tsinghua University academic, has raised over CNY700 million (USD102.9 million) in a new fundraiser, bringing its total funding to over CNY2.2 billion (USD323.3 million) and maintaining its position as the top artificial intelligence-native infrastructure company in China in this regard.
StepFun to raise nearly USD2.5 billion as Chinese AI startup advances Hong Kong IPO - May 10, 2026
StepFun, one of China's six "artificial intelligence tigers," is set to complete a new funding round worth almost USD2.5 billion, while having dismantled its red-chip structure to accelerate preparations to go public in Hong Kong, a source told Yicai.
Shanghai Y50 Forum for Innovation and Entrepreneurship boosts support for startups - May 10, 2026
Shanghai is building a supportive environment for young entrepreneurs from around the world as part of efforts to become a global center for science and innovation, Yicai learned at the seventh Shanghai Y50 Forum for Innovation and Entrepreneurship.
Shanghai's 2026 business reforms highlight 10 key tasks - May 07, 2026
Shanghai unveiled its latest business environment upgrades on May 7, for the ninth consecutive year, centered on "Ten Key Tasks."
Warehouse receipts are reshaping China's commodity trade - May 07, 2026
Shanghai Commodity Warehouse Receipt Registration Co Ltd, or NCWR, has leveraged warehouse receipt registration to drive the comprehensive digitalization of the commodity ecosystem, facilitating the integrated development of the Yangtze River Delta region and Shanghai's goal of growing into a global resource allocation center, according to experts.
China Eastern to launch first direct flight from Shanghai to Georgia - May 07, 2026
China Eastern Airlines will launch the first direct flight between Shanghai and Tbilisi on July 15. The new route connects the East China metropolis with the capital of Georgia.
Five Chinese state-owned firms jointly set up rocket launch company in Shanghai - May 06, 2026
Five Chinese state-owned enterprises have jointly established a new company in Shanghai that focuses on offshore rocket launches, with the shareholders covering the entire supply chain.
Home resales jump in key Chinese cities in April as Shanghai scores decade high - May 06, 2026
Sales of pre-owned homes jumped last month in most of China’s major cities, with Shanghai logging a 10-year high, as a result of this year’s later Chinese New Year holiday and improved market expectations. But analysts still view the recovery as tentative rather than a full market turnaround.
Shanghai draws 16.9 million visitors over May Day holiday as flower fairs, concerts fuel spending - May 06, 2026
Shanghai drew 16.9 million visitors during the five-day May Day holiday, as flower festivals, waterfront coffee fairs, concerts and pop-up retail events helped drive tourism and consumer spending across the city.
