Business


Shanghai unveils new action plan to upgrade smart government services - May 17, 2026

The "Government Online-Offline Shanghai" platform has been advancing Shanghai's "efficiently getting one thing done" initiative in recent years, achieving notable results in improving public services and optimizing the business environment.


Fosun Pharma to pay up to USD240 million more for global rights to AriBio's early Alzheimer’s drug - May 14, 2026

Fosun Pharmaceutical plans to invest up to an additional USD240 million to secure the exclusive rights to an innovative early Alzheimer’s drug developed by South Korea’s AriBio in major markets such as the United States and Europe, expanding on what the Chinese drugmaker has already secured in other regions.


Woman spends US$1,650 a month on dog kindergarten as China's pet industry surges - May 14, 2026

A young Chinese woman has gone viral after reportedly paying 12,000 yuan (US$1,650) a month to enroll her six-month-old Samoyed in a dog kindergarten.


SIAL 2026 to highlight trends shaping global food industry - May 14, 2026

The 2026 SIAL Global Food Industry Summit is set to take place from May 18 to 20 at the Shanghai New International Expo Center, bringing together exhibitors and industry leaders from across the global food sector.


Cross-Strait travel eased to boost tourism - May 14, 2026

Shanghai's latest move to facilitate residents' travel to the islands of Jinmen and Matsu marks another concrete step toward normalizing cross-Strait tourism exchanges, industry experts and officials said.


China to host APEC senior officials' meeting in Shanghai - May 14, 2026

As the host of the Asia-Pacific Economic Cooperation in 2026, China will hold the second APEC Senior Officials' Meeting in Shanghai from Monday to Tuesday, Foreign Ministry spokesman Guo Jiakun said on Thursday.


China-US business cooperation holds vast potential, benefits global economy - May 14, 2026

At a time of persistent global uncertainty, the business communities of China and the United States have continued to navigate economic headwinds through pragmatic cooperation, delivering a strong vote of confidence on their mutually beneficial economic ties.


Chinese AI startup MiniMax launches new cross-sector recruitment program for top experts - May 13, 2026

MiniMax has launched its "10x Team" program to recruit top experts from various sectors, mainly economics, finance, life sciences, materials chemistry, and mathematics, with the Chinese artificial intelligence startup offering six-figure monthly pay in Chinese yuan.


Dolby eyes China as key hub for innovation - May 13, 2026

Leveraging its first global flagship experience center — Dolby House Shanghai — Dolby, a global technology major in audio, imaging and voice, said it will deepen its cooperation with partners in China, as the country has become a key innovation hub for the company, said a senior executive.


Shanghai substation powers up Lexus' EV production plans - May 13, 2026

A substation dedicated to serving the power supply of Japanese carmaker Toyota's wholly-owned Lexus electric vehicle plant officially began operations in Shanghai on April 30, paving the way for the plant's mass production, according to State Grid Shanghai Municipal Electric Power Co.


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