7 h. ago EQT, Carlyle, and HongShan advance in bidding for Starbucks’ China operations

EQT, Carlyle, and HongShan advance in bidding for Starbucks’ China operations  Private Equity Insights

Politics

28 h. ago How can we effectively manage sick leave policies in our expanding China operations?

How can we effectively manage sick leave policies in our expanding China operations?  Littler Mendelson P.C.

Events

30 h. ago New iPhones spark lively debate among Chinese fans amid eSIM limits, AI delay

Apple’s newly released iPhone series, including the groundbreaking iPhone Air, dominated social media discussion in China on Wednesday, with consumers expressing concerns about eSIM adoption and delayed Apple Intelligence features. China Unicom, one of three state-owned carriers, is the only telecoms service provider able to provide eSIM service to iPhone Air users, although China Telecom and China Mobile, two other operators, said they would roll it out later. China’s conditional acceptance of...

Politics

50 h. ago Dell reportedly cutting staff from China operations — affected employees have until October 10 to apply for internal transfer

Dell reportedly cutting staff from China operations — affected employees have until October 10 to apply for internal transfer  Tom's Hardware

Politics

56 h. ago Chinese warned about foreign spies posing as NGO staff to target military units

Beijing’s top anti-spy agency has warned the Chinese public about espionage being carried out in the country’s border areas under the guise of philanthropy. The Ministry of State Security announced on Tuesday that it had uncovered a case involving foreign spies operating near China’s military installations while posing as members of a charity organisation. In a case briefing posted on its social media platform, the ministry said villagers living near an unidentified restricted military zone...

Events

64 h. ago China’s new ‘durian express’ to bring prized fruit to northeast consumers faster

To get Southeast Asia’s coveted durians more quickly into the hands of Chinese consumers, a port operator in the relatively far-flung market of northeastern China is building a transit centre to handle seaborne imports of the pungent, spiky and often pricey fruit. Liaoning Port Group, part of which operates the major sea terminal in Dalian, kicked off construction of the Dalian Northeast Asia Fruit Transit Centre in late August, a group representative said this month. That project will...

Politics

64 h. ago Northeastern Chinese want fresher durians. A port operator is making it happen

To get Southeast Asia’s coveted durians more quickly into the hands of Chinese consumers, a port operator in the relatively far-flung market of northeastern China is building a transit centre to handle seaborne imports of the pungent, spiky and often pricey fruit. Liaoning Port Group, part of which operates the major sea terminal in Dalian, kicked off construction of the Dalian Northeast Asia Fruit Transit Centre in late August, a group representative said this month. That project will...

Politics

4 d. ago ‘Homestay’ heartache hits China as operators lament lack of business

After four years leasing out private holiday accommodation beside the sea in the west of Guangdong province, a downturn in demand has led Chen Mei to regret getting involved in the industry. “I thought domestic demand would rebound quickly after the [Covid-19] pandemic, but price wars have actually intensified across the industry, squeezing profits year by year,” she said. “I’ve begun scaling back operations. If I could choose again, I wouldn’t have invested in the industry.” Chen’s downbeat...

Events

6 d. ago Starbucks China valued at about US$5 billion by bidders, sources say

Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5 billion, said two people with knowledge of the discussions. That would make a potential deal one of the most valuable China unit divestments by a global consumer company in recent years. The offers, which have not been reported previously, would let Starbucks push ahead with the sale in a market where it faces sluggish growth and stiff competition from local...

Economics

1 week ago As US adds more semiconductor hurdles, Chinese firms could seize an opportunity

China’s drive for economic self-reliance is raising the spirits and prospects of its semiconductor industry, as insiders expect more home-grown technologies after Washington revoked waivers for some foreign-owned chipmakers’ factories in China to use US technologies in their operations. The Chinese branches of South Korean chipmakers Samsung and SK Hynix, as well as Intel Semiconductor (Dalian), will lose their fast-track status for compliance as “validated end-users”, meaning they will need to...

Politics

1 week ago Chinese man travels across nation in ‘goodwill’ excavator, gains 550,000 followers

A Chinese man has gone viral for embarking on a journey across China in an excavator, visiting 13 provinces and regions over six months and amassing more than 550,000 followers online. His remarkable adventure has garnered widespread admiration and envy across Chinese social media platforms. Wen Xiangpu, 27, from Pingdingshan in northern China’s Henan province, began learning to operate excavators at the age of 15 and spent years travelling the country working at various construction...

Economics

2 w. ago ‘Feeling reborn’: China ‘folded boy’ goes home, stands upright after 4 operations

China’s so-called folded boy Jiang Yanchen, whose spine had been contorted backwards at an 180-degree angle for most of his life, has finally stood up straight. Jiang took his first upright steps during a live-stream on August 25. The 21-year-old underwent four extremely difficult operations over the past two years in which doctors broke and realigned the bones in his lumbar, cervical, hip and chest regions. Jiang, from a small town in eastern China’s Shandong province, grew up with his neck...

Politics

2 w. ago Australia, China Southern Airlines Accelerates Sydney To Guangzhou, Beijing, And Shanghai Operations, Driving Tourism, Trade, And Economic Growth

Australia, China Southern Airlines Accelerates Sydney To Guangzhou, Beijing, And Shanghai Operations, Driving Tourism, Trade, And Economic Growth  Travel And Tour World

Society

2 w. ago China challenges US freedom of navigation operations as having ‘no legal basis’

The Chinese government has hit out at US freedom of navigation operations in the first report of its kind. The report – “Legal Assessment of the United States’ ‘Freedom of Navigation’” – is the first official study of its kind published by Beijing and marks its growing desire to challenge what it characterised as “gunboat diplomacy”. “US ‘freedom of navigation’ lacks a basis in international law and seriously distorts the interpretation and development of international law,” the report said. It...

Politics

2 w. ago Multiple workers dead after 'tensioning operation' causes bridge in China to collapse

Multiple workers dead after 'tensioning operation' causes bridge in China to collapse  Sky News

Events

3 w. ago Kuaishou to pay first dividend since Hong Kong IPO as AI tools lift results

Kuaishou Technology on Thursday declared a special dividend totalling HK$2 billion (US$256 million), marking the first time China’s No 2 short video app operator will make such payment since its US$5.4 billion Hong Kong listing in 2021. The Beijing-based company said it would pay a special dividend of HK$0.46 per share after reporting better-than-expected financial results in the second quarter, driven by gains made from its artificial intelligence tools, according to its filing. Dividend...

Economics

3 w. ago Why has China sent research ships to Scarborough Shoal after a collision?

At least two Chinese research vessels have been operating around Scarborough Shoal at the same time as a Philippine coastguard ship has been patrolling the disputed area of the South China Sea. The Xiang Yang Hong 10, an ocean research vessel operated by China’s Ministry of Natural Resources, has been operating near the reef since last Friday, according to information from the satellite-based Automatic Identification System. Another Chinese research vessel, the Zhuhai Yun, a maritime drone...

Politics

3 w. ago China has reportedly told its data center operators to source more than 50% of their chips from domestic manufacturers in an effort to break away from US tech

China has reportedly told its data center operators to source more than 50% of their chips from domestic manufacturers in an effort to break away from US tech  PC Gamer

Politics

3 w. ago As New Delhi welcomes Chinese Foreign Minister, Opposition flags China’s support to Pakistan during Operation Sindoor

As New Delhi welcomes Chinese Foreign Minister, Opposition flags China’s support to Pakistan during Operation Sindoor  The Hindu

Politics

4 w. ago How recent collision may prompt China to rethink how coastguard and navy operate

China may seek better coordination between its navy and coastguards and improve the quality of its coastguard ships after this week’s dramatic collision in the South China Sea, according to analysts. Footage of the incident released by the Philippines appeared to show that the Chinese coastguard ship 3104 sustained serious damage to its bow after colliding with a larger destroyer, the Guilin. “I don’t think it’s good to sit still and just get on with business as usual after the collision,” said...

Politics