Business
MIIT-ITU high-level seminar on space for development opened in Shanghai - September 01, 2026
China always adheres to the vision of building a community with a shared future for mankind, firmly upholds multilateralism, and fully supports the International Telecommunication Union in playing a key role in promoting the development of space services and facilitating the fair, reasonable and efficient use of satellite frequency and orbital resources, the country’s top industry regulator said.
Fosun plans Club Med’s public-market return with Hong Kong IPO to fund expansion. - August 31, 2026
Fosun International plans to bring Club Med back to public markets by spinning off its operator, ClubMed Lifestyle Group, for a Hong Kong initial public offering, as the Chinese conglomerate seeks to fund the French resort brand’s global expansion and optimize its finances.
China’s Simnova bags USD59.5 million in new funding to advance off-the-shelf cell therapies - August 31, 2026
Simnova Biotech has secured nearly CNY400 million (USD59.5 million) in its latest funding round to accelerate clinical research of the Chinese cell therapy startup’s off-the-shelf cell therapies, the firm said on Monday.
China’s fresh fruit market is reshaped by consumers’ emotional, social needs, experts say - August 31, 2026
Chinese consumers' fresh fruit demand has evolved from a daily necessity to one of "emotional and social" needs, with brand and product qualities becoming just as important as taste, according to experts.
Baidu's productivity tool DuMate rolls out a whole new set of upgrades - August 31, 2026
Baidu announced a series of upgrades to its productivity tool DuMate, including a personal version, enterprise version, professional suite and workbench capabilities, in Shanghai on Thursday.
China's GPU sector advances in first half as two makers swing into the red, two narrow losses - August 31, 2026
Against the backdrop of increasing demand from the artificial intelligence industry, the Chinese graphics processing unit industry is developing fast, with two GPU manufacturers turning losses into profits, and two others seeing their losses narrow in the first half of the year.
Two China-built massive 38,000-ton heavy lift ships unveiled - August 30, 2026
Two massive new mega-cargo ships have been unveiled in China to meet the booming global demand for green energy tech. The 38,000-ton vessels will transport China’s "New Three" exports of wind turbine parts, electric vehicles and giant power station batteries from China to Europe, Australia and S. America.
Shanghai Disney taps local culture for 10th-Anniversary Duffy Month - August 30, 2026
Shanghai Disney Resort is bringing Chinese animation, Jingdezhen porcelain and Huju Opera into its annual Duffy Month in September as part of its 10th-anniversary celebrations.
China’s chipmakers reap AI windfall as consumer electronics brands battle rising costs - August 30, 2026
The artificial intelligence boom is creating winners and losers in China’s consumer electronics industry. Profits are soaring at semiconductor firms, particularly those that make AI computing chips and memory chips.
Regional cuisines drive summer travel boom - August 30, 2026
Consumption across dining, entertainment, service-oriented retail and regional cultural tourism saw broad-based growth on ByteDance's Douyin Life Services during the summer break, according to a new industry report.
