45 m. ago China’s viral Labubu toy has an unlikely fan – the ruling Communist Party

As Chinese companies ponder how best to market their products internationally, the example set by Pop Mart – the Beijing-based brand behind the viral Labubu toy – has been praised by the country’s state media for the creativity that underlies its success. The wide-mouthed, bug-eyed toy’s global fan base is evidence of a shift in priorities for China as it transforms from a producer of low-value goods to a hub of innovation, Qiushi, the Communist Party’s top theoretical journal, said in a...

Politics

45 m. ago ByteDance helps jewellery firm Lao Feng Xiang push AI glasses to China’s elderly

Social media giant ByteDance is helping the 177-year-old Chinese jewellery company Lao Feng Xiang develop a new generation of smart glasses, powered by artificial intelligence (AI), that feature real-time voice navigation and translation functions. Lao Feng Xiang debuted their initial line of wearable gadgets at Wednesday’s opening of the International Exhibition of Senior Care, Rehabilitation Medicine and Healthcare, the world’s biggest senior care expo, that is being held in the company’s home...

Politics

60 m. ago Trump’s hand against Beijing is getting weaker as Chinese exports to the U.S. tank 34% YOY

Trump’s hand against Beijing is getting weaker as Chinese exports to the U.S. tank 34% YOY  MSN

Politics

2 h. ago China’s Ant International to seek stablecoin licence in Hong Kong

Fintech firm Ant International, the global affiliate of Chinese tech giant Ant Group, said it would apply for a stablecoin issuer licence in Hong Kong once the new ordinance governing fiat-backed cryptocurrencies comes into effect in August. “We welcome the passage of the Stablecoins Bill and hope to contribute more to the city’s vision as a global hub for next-gen finance,” Ant International said in a statement on Thursday. “We plan to apply for the fiat-referenced stablecoins issuer’s...

Politics

2 h. ago Ant International and Ant Digital to seek stablecoin licences in Hong Kong

Singapore-based Ant International and the Hangzhou-based Ant Digital, two affiliates of Chinese tech giant Ant Group, have announced plans to apply for stablecoin issuer licences in Hong Kong once the new ordinance governing fiat-backed cryptocurrencies takes effect in August. “We welcome the passage of the Stablecoins Bill and hope to contribute more to the city’s vision as a global hub for next-gen finance,” Ant International, a spin-off of Ant’s global operations, said in a statement on...

Politics

2 h. ago 14th Chinese (Beijing) Defense Information Equipment & Technology Exhibition opens

14th Chinese (Beijing) Defense Information Equipment & Technology Exhibition opens  Global Times

Events

3 h. ago Chinese jets fly as close as 45 metres to Japanese patrol planes in Pacific

Chinese jets fly as close as 45 metres to Japanese patrol planes in Pacific  Reuters

Politics

3 h. ago Philippines’ Marcos softens stance amid economic pressures but will China bite?

President Ferdinand Marcos Jnr’s recent call to Filipino-Chinese businessmen to boost Manila’s bilateral ties with Beijing has raised the possibility that the Philippine leader is softening his stance on China. However, while the president’s sudden pivot could signal a recalibration of his approach, observers say the move is unlikely to yield any results in the near term because of his earlier hardline policy, including a statement earlier this month by his defence chief at a major security...

Economics

5 h. ago Chinese premier says officials must adapt to ‘complex and severe’ situation

Chinese Premier Li Qiang has urged the nation’s officials to improve their ability to anticipate challenges and accurately implement policies amid a turbulent geopolitical environment. “At present, the task to comprehensively promote the Chinese path to modernisation with high-quality development is heavy and difficult, with the external situation remaining complex and severe,” he said on Wednesday, as reported by state-run news agency Xinhua. During this difficult period, officials needed to...

Politics

7 h. ago China’s fitness grandma, maths genius gets millions of fans: 5 trending stories

We have selected five Trending in China stories from the past seven days that resonated with our readers. If you would like to see more of our reporting, please consider subscribing. 1. ‘Age is just a number’: China grandma, 71, stars in fitness contest, shares tips A Chinese grandmother has inspired countless netizens after winning third place in a fitness competition, following four years of rigorous training. On June 1, 71-year-old Sun Minghui, who is originally from Ma’anshan in Anhui...

Sport

7 h. ago Chinese vessel grounding: concern in Philippines over new grey

A recent case of a Chinese militia vessel running aground on a strategic island in the disputed South China Sea has raised concerns from the Philippine side of another wave of so-called grey-zone activities by Beijing, even as Manila’s officials acknowledge the incident could be down to inclement weather. Observers point to the Philippines having adopted the same strategy to stake claim over the Second Thomas Shoal when it permanently grounded the war vessel BRP Sierra Madre in 1999. The recent...

Politics

8 h. ago Jack Ma replies to Alibaba employee’s letter lamenting ‘company disease’

Jack Ma, founder of Alibaba Group Holding, responded to the resignation letter of a long-term employee on Tuesday, a rare move for the tech veteran who stepped back from all corporate roles in 2019. In a response published on Alibaba’s internal website, Ma addressed the concerns raised by a 15-year employee, who criticised the “big company disease” afflicting the Chinese e-commerce giant in an extensive internal letter. The employee, a product development leader on the team responsible for...

Politics

9 h. ago Japan weighs tightening rules on visa popular among Chinese nationals

Japan is considering increasing the minimum investment threshold for its business manager visa in a bid to make it harder for foreigners to obtain residence status and launch commercial operations in the country, as the scheme becomes increasingly popular with Chinese nationals. The visa, which offers relatively accessible entry for foreign entrepreneurs, permits stays of up to five years for those who either invest 5 million yen (US$34,711) or hire two full-time employees while maintaining an...

Politics

9 h. ago Chinese astronomers recorded details of dying star’s explosion in 1408: study

Just after sunset on an October evening in 1408, six years into the reign of the Ming dynasty’s Emperor Yongle, Chinese court astronomers spotted a mysterious new star glowing high in the southern sky, near the heart of the Milky Way. “It was about the size of a cup-shaped oil lamp, with a pure yellow colour, smooth and bright,” according to Hanlin Academy scholar Hu Guang, in a formal report to the emperor that interpreted its appearance as a heavenly endorsement. “We, your ministers, have...

Events

12 h. ago US venture capital firm to unload stakes in 40 Chinese tech start

Shares of a few dozen China-based start-ups may be up for grabs as their investor, US venture-capital firm Eight Roads, plans to exit its Chinese technology holdings. The move, reported by Bloomberg on Tuesday, comes as geopolitical tensions and a sluggish Chinese economy prompt some global investors to retreat. Domestic and government-backed funds and financing products would increasingly drive start-up funding in the world’s second-largest economy, analysts said. Fidelity Ventures-backed Eight...

Politics

13 h. ago China’s orchard of AI, chip grads now ripe for the pickin’ as tech trade sours

When Jack Wang enrolled as an undergraduate in microelectronics at a prestigious Chinese university, the year was 2019, and China was in the early days of its trade war with the United States. Looking back, his decision to focus on the field revolving around the design and manufacture of hi-tech microchips has proved prescient. Today, it complements Beijing’s aspirations to make world-leading semiconductors amid Washington’s amped-up efforts to curtail China’s technological progress. Indeed, the...

Politics

14 h. ago Rubio vowed to revoke Chinese student visas. Trump now says Chinese students are welcome

Rubio vowed to revoke Chinese student visas. Trump now says Chinese students are welcome  Los Angeles Times

Politics

20 h. ago Pope Leo XIV Appoints New Chinese Bishop for Archdiocese of Fuzhou

Pope Leo XIV Appoints New Chinese Bishop for Archdiocese of Fuzhou  National Catholic Register

Politics

20 h. ago Viewed from China, Trump’s crackdown on LA unrest a risky ‘political gamble’

Chinese analysts have been closely monitoring the Los Angeles unrest, which they said had been exploited by US President Donald Trump for political theatre, jeopardising public safety and stability. One high-profile commentator also predicted that Trump’s heavy-handed tactics could escalate into a constitutional crisis. The remarks followed days of protests in Los Angeles over immigration raids, which led to a curfew in some downtown areas of the city aimed at cracking down on vandalism. The...

Politics

20 h. ago Live updates: Trump announces finalized trade deal with China, says tariffs on Chinese goods go to 55%

Live updates: Trump announces finalized trade deal with China, says tariffs on Chinese goods go to 55%  AP News

Politics