68 h. ago Tesla’s China plant sees shipment surge ahead of subsidy expiry

Tesla’s Shanghai Gigafactory reported a significant rebound in shipments last month as Chinese consumers took advantage of soon-expiring government incentives to snap up cars. The US carmaker’s Shanghai plant, its largest production facility globally, delivered a total of 86,700 Model 3 and Model Y electric vehicles (EVs) in November, a 41 per cent jump from October and a 10 per cent rise from a year earlier, according to data from the China Passenger Car Association (CPCA). The deliveries...

Politics

4 d. ago Omdia: China’s PC market growth softened in Q3 2025 as consumer subsidy effects diminished

Omdia: China’s PC market growth softened in Q3 2025 as consumer subsidy effects diminished  Yahoo Finance UK

Politics

4 d. ago ‘Weight gain subsidy’: China food tasters share videos, reveal new side to job

Chinese food tasters are going viral by sharing videos that reveal a job much tougher than its dreamy image, even if the task comes with a “weight-gain subsidy”. The unusual workers are hired by snack brands, food factories and supermarkets. They earn an average of about 10,000 yuan (US$1,400) a month for their taste-testing duties. Their formal title is “sensory evaluation engineer”. Their job is to detect the tiniest shifts in flavour, from milk-fat concentration to how long the aftertaste...

Society

7 d. ago Meituan swings into loss in ‘milk tea’ subsidy war with instant commerce rivals

China’s food-delivery giant Meituan swung to a deep quarterly loss, as a costly battle with Alibaba Group Holding’s instant commerce business eroded margins and kept revenue growth modest. The Beijing-based company on Friday reported revenue of 95.5 billion yuan (US$13.3 billion) for the three months to September, up 2 per cent year on year, missing analysts' estimates of 97.5 billion yuan. However, it booked an operating loss of 19.8 billion yuan, compared with a 13.7 billion yuan operating...

Events

1 week ago Alibaba revenue tops estimates with strong instant retail, AI push

Alibaba revenue tops estimates with strong instant retail, AI push  Reuters

Politics

3 w. ago JD.com Tops Revenue Forecasts as Discounts, China Subsidy Program Lift Demand

JD.com Tops Revenue Forecasts as Discounts, China Subsidy Program Lift Demand  The Business of Fashion

Politics

3 w. ago China's JD.com tops quarterly revenue estimates as demand holds up

China's JD.com tops quarterly revenue estimates as demand holds up  Yahoo Finance

Politics

3 w. ago ‘Not in this economy’: why Guangdong is struggling to tempt consumers to spend

In early November, China’s most populous province launched its biggest ever consumer subsidy programme, with the government pledging to commit 3.5 billion yuan (US$492 million) to offer discounts on a slew of products: from smartphones to snowboards. Guangdong’s scheme is the latest attempt by Chinese authorities to use consumption vouchers to boost domestic spending – a campaign that is key to China’s efforts to shore up growth and rebalance its economy amid the ongoing US trade war. But on the...

Economics

3 w. ago Huge subsidy scheme in China’s most populous province falls flat with consumers

In early November, China’s most populous province launched its biggest ever consumer subsidy programme, with the government pledging to commit 3.5 billion yuan (US$492 million) to offer discounts on a slew of products: from smartphones to snowboards. Guangdong’s scheme is the latest attempt by Chinese authorities to use consumption vouchers to boost domestic spending – a campaign that is key to China’s efforts to shore up growth and rebalance its economy amid the ongoing US trade war. But on the...

Politics