Yum China turns to new concepts, diversified markets in accelerated growth roadmap
The operator of KFC and Pizza Hut restaurants in China aims to operate 30,000 stores by 2030, up more than 70% from current levels, it said at its recent investor…
Luckin Coffee eyes global leap as China’s Double 11 loses its luster
Luckin could be preparing a bid for Costa Coffee. What's driving this potential deal, and what are its chances for success? And this year's Double 11 festival looks like a dud, with most big e-commerce companies failing to publish any big numbers. What does the future hold for this fast-fading shopping fest?
China’s corporate pivots: Alibaba’s food delivery gambit and WuXi AppTec’s geopolitical hedge
Alibaba will retire the Ele.me takeout dining brand and merge it with its newer Taobao Instant Commerce. What's driving the move? And WuXi AppTec is the latest Chinese major to jump on the Middle Eastern bandwagon, with plans to potentially open a new center in Saudi Arabia. Why are a growing number of Chinese companies taking the Middle Eastern plunge?
From classroom crackdowns to shifting cabin crews, China adapts to new realities
Vocational educator Hiducation has become one of the few education companies to test the waters in Hong Kong's booming IPO market. Are investors ready to welcome this group again after a bloody crackdown three years ago? And budget carrier Spring Air is rolling out the welcome mat for more senior flight attendants as old as 40. Are other Asian airlines like to follow this "air auntie" trend, and what's behind it?
From green energy to property woes, China turns to financial engineering
Solar and wind farm builder Xinte announces plans to start collateralizing its assets using asset backed securities. And China International Travel is spinning off its real estate business.
From software to the skies, China’s self-sufficiency drive meets economic reality
A key government document on rare earths was created using homegrown Chinese word processing software. And China's homegrown C919 regional jet has suffered a setback.
China bets big on stocks as consumers fret over pre-made food
Team China has pumped $550 billion into the country's two main stock markets, buying up nearly 5% of the market value of all listed companies. What's the thinking behind this strategy? And pre-made foods are in the spotlight after a popular blogger criticized a major restaurant chain for using such products. Why is this such a sensitive subject in China?
Nasdaq gets tough on small Chinese IPOs, as an AI-fueled energy storage boom takes off
For a market that basically prides itself on protecting investors… I have to say I'm amazed that it has taken so long.
Video podcast: Cango to build on bitcoin mining foundation with HPC pivot
Cango details the strategic pivot to transform from a pure-play crypto miner into an integrated energy and high-performance computing (HPC) platform. The multi-phase strategy leverages Cango's existing energy and computing infrastructure as a foundation to build a more diverse business model with revenues from mining, AI client services, and energy trading.
China tech: virtualizing debt, AI for daters
“If you come up with a potential weapon of mass destruction, you probably want to keep that a bit quiet in the hope that it will find a way to…
Dancing robots and K-pop diplomacy: China’s economic and social gambits
Unitree plans to file for an IPO by year end. And China has quietly lifted a nearly decade-old ban on K-Pop.
China’s state-driven stocks, and its corporate wars abroad
China's stock market rally is fast approaching its one-year mark, with the benchmark Hang Seng and Shanghai composite indexes both up around 40%. How much longer can it last, especially given the weak state of China's economy? And internet giants Meituan and DiDi have sued each other in Brazil, where they are competing in the takeout dining market. How is this case likely to end up?