10 h. ago Meituan rallies staff around expansion plans, job prospects amid delivery war

Meituan CEO Wang Xing is rallying employees around the firm’s instant commerce efforts, overseas expansion and greater social security for delivery workers, more than a week after reporting a sharp fall in second-quarter earnings amid a bruising price war with Alibaba Group Holding and JD.com. In his all-hands letter to staff over the weekend that was widely shared online, Wang said Meituan had served more than 770 million users over the past 12 months through the 14.5 million merchants on its...

Society

11 h. ago China teenage girl dies in road accident just days after being accepted to university

The death of an 18-year-old girl in China who was accepted by a medical school in July only to be killed in a road accident days later has sparked a wave of sympathy online. Du Binyang, from a rural family in Yanyuan county, Sichuan province, southwestern China, was admitted to the rehabilitation major at North Sichuan Medical College at the end of July. Just weeks earlier she had taken the gruelling national university entrance examination, known as “gaokao”, Red Star News reported. However,...

Events

3 d. ago Chinese firms still want Nvidia chips despite Beijing concerns: sources

Alibaba Group Holding, ByteDance and other Chinese tech firms remained keen on Nvidia’s artificial intelligence chips despite regulators in Beijing strongly discouraging them from such purchases, four people with knowledge of procurement discussions said. They wanted reassurance that their orders of Nvidia’s H20 model, which the US firm in July regained permission to sell in China, were being processed, and were closely monitoring Nvidia’s plans for a more powerful chip, tentatively named the...

Politics

4 d. ago China family left let down after spending US$140,000 on lavish panda

The experience of a Chinese family who spent an extravagant 960,000 yuan (US$140,000) on a luxury “Panda Express” train tour has shocked many people online. The lavish purchase has sparked a lively discussion because of claims that the experience promised in promotional materials fell far short of the reality. On August 25, a Chinese netizen posted a video revealing that their family, from Jilin province in northeastern China, embarked on a 17-day “Panda Express Tour” in July. The 26-member...

Economics

4 d. ago China family feel let down after spending US$140,000 on lavish panda

The experience of a Chinese family who spent an extravagant 960,000 yuan (US$140,000) on a luxury “Panda Express” train tour has shocked many people online. The lavish purchase has sparked a lively discussion because of claims that the experience promised in promotional materials fell far short of the reality. On August 25, a Chinese netizen posted a video revealing that their family, from Jilin province in northeastern China, embarked on a 17-day “Panda Express Tour” in July. The 26-member...

Economics

1 week ago BYD profits fall as mainland price war swamps EV export surge

China’s electric-vehicle (EV) king BYD reported a 30 per cent drop in profits in the second quarter as surging overseas sales failed to offset the negative impact of a brutal price war in the domestic market. The Shenzhen-based company earned 6.4 billion yuan (US$894.6 million) in the three months to June, down 29.9 per cent from a year earlier. Revenue grew 14 per cent year on year to 201 billion yuan. The second-quarter numbers are derived by comparing BYD’s interim earnings to its results for...

Economics

1 week ago Toyota's July sales rise for seventh month on strong N.America, China EV demand

Toyota's July sales rise for seventh month on strong N.America, China EV demand  Reuters

Politics

1 week ago ‘Proud’ Chinese dad walks 800km in 31 days with his young children to toughen them

A man in southern China who took his 10-year-old daughter and eight-year-old son on an 800km walk to toughen them up has been praised on social media. The father, surnamed Wu, and his two children started their month-long trek from the Baoan District in Shenzhen, southern China, on July 17 and ended it on August 17 in Changsha in the country’s central Hunan province, according to a report in Jimu News. “I had not expected they would carry it through to the end. I feel relieved and proud of...

Politics

1 week ago UNESCO Regional Office for East Asia Holds Final Workshop in Beijing

UNESCO Regional Office for East Asia Holds Final Workshop in Beijing  UNESCO

Economics

1 week ago China’s industrial profits fall more slowly amid crackdown on price wars

China’s industrial companies saw their profits fall at a slower pace in July, in a potential sign that efforts to curb overcapacity are starting to ease the strain from aggressive competition among producers. Industrial profits declined 1.5 per cent last month from a year earlier, falling the least since they began shrinking in May, according to data released on Wednesday by the National Bureau of Statistics. For the first seven months of the year, earnings contracted 1.7 per cent year on...

Economics

1 week ago China's industrial profits slip 1.5% in July, slowest pace of decline in five months

China's industrial profits slip 1.5% in July, slowest pace of decline in five months  CNBC

Politics

1 week ago China's industrial profits narrow declines to 1.5% in July as Beijing clamps down on price wars

China's industrial profits narrow declines to 1.5% in July as Beijing clamps down on price wars  CNBC

Economics

1 week ago New US consul general Julie Eadeh arrives in Hong Kong to take up post

Julie Eadeh, the new US consul general for Hong Kong and Macau, has arrived in the city, the US diplomatic service said on Wednesday afternoon. The US consulate general posted on social media that it was “pleased to announce that Julie Eadeh has arrived in Hong Kong, succeeding consul general Greg May, who left Hong Kong last month”. The confirmation came just hours after the South China Morning Post reported her imminent arrival. It also reported in July that Eadeh, a career diplomat who served...

Politics

1 week ago Shanghai Mirrors Beijing in Easing Housing Purchase Rules for Outskirts

Shanghai Mirrors Beijing in Easing Housing Purchase Rules for Outskirts  Caixin Global

Politics

1 week ago China’s Factory Profits Fall Again — But Decline Slows After Beijing’s Anti

China’s Factory Profits Fall Again — But Decline Slows After Beijing’s Anti-Price War Push Takes Hold  Stocktwits

Economics

1 week ago Beijing rejects Japan protest over gas field in East China Sea

Beijing rejects Japan protest over gas field in East China Sea  CNA

Events

1 week ago Tokyo lodges protests with Beijing over gas field in East China Sea

Tokyo lodges protests with Beijing over gas field in East China Sea  The Japan Times

Events

1 week ago Tokyo ‘issues strong protest’ to Beijing over gas field in East China Sea

Tokyo ‘issues strong protest’ to Beijing over gas field in East China Sea  Hong Kong Free Press HKFP

Events

1 week ago Japan protests to Beijing over new platform in East China Sea

Japan protests to Beijing over new platform in East China Sea  Apa.az

Events

2 w. ago Columbia student Xie Hongzhuo from Beijing among 5 killed in NY tour bus crash

All five people killed in a tour bus crash in upstate New York on Friday afternoon have been identified, authorities said on Saturday. The victims include a Columbia University student, three New Jersey residents and one Indian national, according to New York State Police. They were identified as Xie Hongzhuo, a 22-year-old Columbia student originally from Beijing; Pinki Changrani, 60, of East Brunswick, New Jersey; Zhang Xiaolan, 55, and Jian Mingli, 56, both from Jersey City; and Shankar Kumar...

Events