Chinese tech giant Tencent Holdings is to let WeChat groups display links to external shopping platforms such as Alibaba-owned Tmall and Taobao, moving further toward the removal of old barriers erected between China’s largest social media services, reports Caixin. Tencent will soon begin testing a function to allow group-chat participants to share links to third-party […]
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China is set to cross a major but less-discussed demographic tipping point, as nappy manufacturers start prioritizing the growing elderly cohort in the country over the dwindling number of infants, reports the Financial Times. The expected crossover, which affects marketing and manufacturing investments for some of the world’s largest consumer products groups, follows forecasts that […]
Profit increases at China’s industrial companies grew again in October, largely helped by firms in sectors such as mining and raw materials manufacture, reports Bloomberg. Profit for the month grew 24.6% year-on-year to RMB 818.7 billion ($128 billion), the National Bureau of Statistics said on Saturday, compared with an increase of 16.3% in September. For the first […]
The Shanghai Data Exchange opened for the first time on Thursday, as part of China’s attempts to create a large data market so that the digital commodity can be sorted, priced and traded like regular commodities, reports the South China Morning Post. The new exchange initially offered 20 data products, including flight information from China […]
The cost of lithium, a key component of batteries for electric vehicles, has broken the RMB 200,000 ($31,305) price barrier in China, a rise that comes off the back of the ever increasing sales of EVs in the country, reports Caixin. As of Thursday, the price of lithium carbonate had risen almost 360% year-on-year to […]