Labubu mania appears to be ebbing as quickly as it surged, reports Bloomberg, driving a roughly 40% drop for Pop Mart International since its August peak. A disappointing US Black Friday and cooling resale demand have revived comparisons to the 1990s’ Beanie Babies bust, challenging the notion that Pop Mart could become China’s answer to Walt Disney or […]
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China’s market regulator has warned that internet platforms demanding merchants offering the “lowest price across the internet” may face antitrust action, reports the South China Morning Post. This is the latest part of a campaign from Beijing to curb malpractice. The “lowest-price” requirement, where platforms bar merchants from selling cheaper elsewhere, is one of eight potential […]
Beijing has announced that all childbirth deliveries in hospitals will become free in 2026. This is the latest move in an ongoing campaign aimed at tackling the declining population. Since the one child policy was abolished around ten years ago, the Chinese leadership has struggled to get people to have children, but the birthrate has […]
China’s housing construction has slowed to its lowest level in more than two decades, reports Caixin. The shift marks a structural turning point for China’s property sector, which is now focused on shrinking balance sheets and clearing excess inventory rather than expanding supply. Data released by the National Bureau of Statistics showed that nationwide residential housing […]
MetaX Integrated Circuits soared on its trading debut in Shanghai, reports the South China Morning Post. This is the second producer of graphics processing units (GPUs) to go public this month amid optimism about China’s push for self-sufficiency in semiconductors and artificial intelligence. The shares of the Shanghai-based company began trading at RMB 700 on 17 December […]