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THE CHINA NOW
Stricter Regulations Loom for Foreign Accounting Firms in China
The draft rules introduce stricter regulatory oversight for foreign accounting firms operating in China.
Sep 9, 20242 min read
Kweichow Moutai Faces Price Decline as Demand Slows Ahead of Holidays
Kweichow Moutai faces declining demand and price drops ahead of key holidays, as e-commerce competition and market trends weigh on sales.
Sep 5, 20242 min read
Rivals No More: Alibaba Lets Tencent’s WeChat Pay Inside Its E-Commerce Empire
Alibaba's move to integrate WeChat Pay comes amid China's economic slowdown, aiming to boost consumer spending and transaction volumes.
Sep 5, 20242 min read
Baidu Rebrands Ernie Bot to Wenxiaoyan in Effort to Stand Out from AI Rivals
Baidu is exploring commercialization opportunities for Wenxiaoyan, targeting increased user engagement and AI adoption.
Sep 5, 20242 min read
Apple to Switch All iPhones to OLED Displays by 2025
Apple is set to make a major change to its iPhone product lineup starting in 2025, moving entirely to OLED displays for all models.
Sep 4, 20242 min read
Alibaba Launches New Digital Technology Firm Under Taobao and Tmall Group
Alibaba Group Holding has set up a new "digital technology" company under its e-commerce unit, the Taobao and Tmall Group (TTG).
Sep 4, 20242 min read
Chinese Companies Target Silver Economy as Population Ages
As China’s population continues to age rapidly, businesses are beginning to tap into the so-called silver economy.
Sep 4, 20243 min read
Chinese Global Smart Locker Leader Hive Box Files for IPO
Hive Box Holdings has officially filed for an initial public offering (IPO) on the Hong Kong Stock Exchange.
Sep 3, 20242 min read
Fast-Food Giants KFC, McDonald’s, and Haidilao Embrace Small-Store Formats to Counter China’s Consumption Downgrade
Summary Fast-food chains like KFC, McDonald’s, and Haidilao are shifting to smaller store formats in China. This strategy targets...
Sep 2, 20242 min read
China’s Leading Airlines Report Losses as International Travel Recovery Lags
Summary China's top airlines report significant losses due to slow international travel recovery. Domestic competition and oversupply of...
Sep 2, 20242 min read
Xpeng to Establish European EV Production to Bypass EU Tariffs
Summary: Xpeng plans to produce EVs in Europe to avoid EU tariffs. Volkswagen partnership boosts Xpeng's global strategy. Xpeng invests...
Aug 29, 20242 min read
Meituan Stock Soars 10% Despite China's Consumer Market Slowdown
Meituan's Q2 profits doubled, boosted by core commerce growth and global expansion amid tough competition.
Aug 29, 20242 min read
European Spirits Soar as China Pauses EU Brandy Tariffs
China pauses anti-dumping measures on EU brandy imports, boosting European spirits stocks amid ongoing trade tensions.
Aug 29, 20242 min read
China's C919 Jetliner Marks Key Milestones, Delivers to 3 Carriers
COMAC delivers its C919 jet to Air China and China Southern, marking a key milestone in challenging Western aerospace giants.
Aug 29, 20242 min read
PDD Hit Hard as Temu's Growth Abruptly Slows Under Fierce Competition
PDD shares plunge 29% amid slowing growth, rising competition, and regulatory challenges in global markets.
Aug 29, 20243 min read
Nongfu Spring Faces Slowing Profit Growth Amid Intense Competition and Economic Uncertainty
Nongfu Spring’s profit growth slows to 8% amid rising competition and shifting consumer preferences.
Aug 28, 20243 min read
Canada Targets Chinese Electric Vehicles with 100% Import Tax in Tariff Turmoil
Canada imposes 100% tariff on Chinese EVs, escalating trade tensions and impacting Tesla’s supply chain.
Aug 28, 20242 min read
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