China’s largest hotpot restaurant chain, Haidilao, announced its founder Zhang Yong has stepped back from his role as CEO to concentrate on long-term strategy planning, reports Reuters.... Read more
Chinese recruitment company 51job has agreed to a lower buyout offer from a private equity consortium that sets the company’s value at $4.3 billion, reports Bloomberg. An investor group back... Read more
China is expanding its program that supports tech startups in an effort to promote self-sufficiency and challenge the US in crucial technologies, such as semiconductor chips and biotech, rep... Read more
College graduates in the eastern Chinese province of Zhejiang will be able to take out loans of up to RMB 500,000 ($78,900) in order to start a business, safe in the knowledge that if the bu... Read more
Shanghai-based online grocery platform Dingdong, which listed in the US last summer, trimmed losses by 12% in Q4 of 2021, as the firm battles with better-funded rivals, reports Caixin. In th... Read more
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