China has given approval for three of its largest tech companies to buy Nvidia’s H200 chips, reports Reuters, citing four people familiar with the matter. ByteDance, Alibaba and Tencent have been approved to purchase more than 400,000 H200 chips in total, with other firms now joining a queue for subsequent approvals, the sources said, speaking on […]
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China Vanke said its largest shareholder is providing a RMB 2.36 billion ($339 million) loan to help it meet near-term debt repayment obligations, reports Caixin. This comes as it struggles to manage ongoing debts amid China’s prolonged property slump. State-owned Shenzhen Metro Group is providing the three-year loan at an interest rate of 2.34%, according to […]
16 of China’s 31 provinces failed to meet their economic growth targets for 2025, reports Caixin. The figures demonstrate widening regional disparities even as the national economy expanded at a steady pace. Guangdong, China’s largest provincial economy, grew 3.9% last year, missing its target of about 5%. In contrast, Jiangsu narrowed the gap with Guangdong, expanding 5.3% to […]
Pop Mart extended its rally in Hong Kong on Wednesday after unveiling an accelerated push into the US market, reports the South China Morning Post. The rise underscores how overseas expansion is helping the Chinese toymaker offset lingering pressures at home, says the Post. The maker of Labubu figurines plans to open more than 20 new […]
China’s new energy vehicle (NEV) production jumped 25% to 16.52 million units in 2025, while output of internal combustion engine vehicles shrank 1% to 18.25 million. The as the automobile sector also posted record revenue of RMB 11.2 trillion ($1.6 trillion) in 2025, up 7.1% year-on-year, but profit margins were just 4.1%, well below the […]