The Caixin-Sinica Business Brief

Four arrested in India on alleged links to Vivo money laundering investigation, Golden Week tourism revenues top pre-pandemic levels, but just barely, and China set to sell a record amount of offshore yuan sovereign debt. In addition, Kelsey Cheng talks about Nio's challenges in China's competitive EV market. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://...

This week on the Caixin-Sinica Business Brief:  U.S. firms reported falling optimism for their China operations amid concerns over Sino-U.S. tensions, but many are still planning to boost investment in the country; Chinese steelmakers come out strong despite property slump; and troubled Zhongzhi-linked financial institution asks two state-owned companies to help manage its business. Plus, Yuk...

This week on the Caixin-Sinica Business Brief: The EU says it will launch an investigation into Chinese subsidies for electric vehicles in a bid to ward off cheap imports, a move Beijing says could negatively impact trade ties. Beijing denies that it has banned Apple iPhones in government agencies. And the PBOC lowers reserve requirement ratios to juice lending. In addition, Kelsey Cheng expl...

This week on the Caixin-Sinica Business Brief: China’s retail sales growth may have been weak in the first half of the year, but spending on expensive handbags, clothing, and accessories boomed, earnings reports show. China’s trade data improved in August but economic worries still linger, and Apple stock drops on reports of a Chinese government iPhone ban. Plus, Jonathan Breen provides a glimpse...

This week on the Caixin-Sinica Business Brief: Beijing launches a sweeping policy package to rescue the property market, China extends income tax breaks for foreigners, AI specialist SenseTime is laying off more workers after another year of red ink, and Evergrande delays offshore debt restructuring votes at last minute. Plus, Zhang Yukun joins for a deep-dive into the woes of property giant Count...

This week on the Caixin-Sinica Business Brief: The U.S. Senate targets American investments in China, China’s first U.S. IPO under new listing rules moves a step closer, Beijing plans to relax rules on foreign firms investing in bad-debt managers. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

This week on the Caixin-Sinica Business brief: WeChat lets users link overseas cards for everyday payments in China, U.S. climate envoy John Kerry visits China Rio Tinto warns of slowing iron ore shipments as China recovery falters, and China vows to create a bigger, better, and stronger private sector. In addition, Kelly Wang gives the latest on China's efforts to lower drug prices and the impact...

This week on the Caixin-Sinica Business Brief: Tesla and Chinese rivals signal a truce in the EV price war, top property developers see June’s new sales take a dive, and China's commerce minister encourages investment by foreign drugmakers In addition, Yukun Zhang discusses the reasons behind China's lackluster credit demand. See Privacy Policy at https://art19.com/privacy and California Priv...

On this week’s episode, Chinese entrepreneurs mobilize for an AI race with the U.S., food-delivery giant Meituan buys an AI startup for more than $200 million, and LVMH’s billionaire CEO kicks off his China tour to woo local consumers. In addition, Kelsey Cheng explains the restructuring of Alibaba. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/...

This week on the Caixin-Sinica Business Brief: VC giant Sequoia reorganizes and spins off its China unit under geopolitical concerns, China puts drafting a national AI law on its legislative agenda, and Chinese education companies race to develop ChatGPT-like products, In addition, we speak with Kelsey Cheng about Huawei's struggling automotive business. See Privacy Policy at https://art19.com/pri...

This week on the Caixin-Sinica Business Brief: The Comac C919 takes its maiden commercial flight, Beijing-based ChatGPT rival files for Hong Kong IPO, and China moves ahead with a Shanghai international reinsurance market plan. In addition, Yukun Zhang talks about how the UBS acquisition of Credit Suisse is playing out in China. See Privacy Policy at https://art19.com/privacy and California Privac...

This week on the Caixin-Sinica Business Brief: Hong Kong greenlights retail cryptocurrency trading, Meituan launches a food delivery app in Hong Kong, Dalian Wanda bonds sink amid concerns on repayment and unit’s IPO plan, and China approves Microsoft’s Activision Blizzard acquisition deal  In addition, Jonathan Breen talks about Hong Kong's efforts to revive its position as Asia's business h...

On this week's episode, Oppo shuts down its chip-designing business, Baidu’s quarterly revenue exceeds market expectations, and a Chinese comedy producer takes $2 million hit for a military pun. In addition, Yukun Zhang tells how a Shandong-based steel cord maker faked its numbers and defaulted on bond repayments — and why the court's ruling on compensation may have an impact beyond this specific...

On this week’s episode of the Caixin-Sinica Business Brief, a Softbank-backed Chinese robot startup has filed for a multimillion-dollar IPO in Shanghai, LinkedIn will scale back its China presence amid market headwinds, U.S. auditors have found unacceptable rates of deficiencies in its China inspections, and a banking veteran is set to lead China’s new financial regulator. In addition, Kelsey Chen...

In this week’s episode: Evergrande's offshore debt restructuring hits another roadblock, CATL's revolutionary battery has its eye on electric flight, a Chinese city is paying civil servants in digital yuan, and China’s president affirms the country’s commitment to peace in Ukraine. In addition, Kaiser speaks with Jonathan Breen about chipmaking equipment export restrictions and how Dutch and Japan...

This week on the Caixin-Sinica Business Brief: China's 1Q GDP grew by a surprising 4.5%, ByteDance sticks to its strengths with release of products for AI developers, private equity investment in China plunges to an eight-year low, and a Beijing hospital fire leaves 29 dead. In addition, Kelsey Cheng talks about why Apple's Chinese contract manufacturers are diversifying, mainly into auto parts. S...

This week on the Caixin-Sinica Business Brief: China's SINOPEC inks a deal to take a share in a major Qatar LNG producer, while China Southern Power Grid expands its presence in South America, and prices for lithium continue to fall amid weak demand for electric vehicles. Plus, we talk to Zhang Yukun about a major corruption scandal in the shipping industry. See Privacy Policy at https://art19.com...

This week on the Caixin-Sinica Business Brief, China’s ‘big three’ airlines post huge losses in 2022, table tennis superstar caught up in extortion scandal, and Huolala operator sets Hong Kong IPO in motion. In addition, Kelsey Cheng talks about the ongoing price war among Chinese automakers. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy...

This week on the Caixin-Sinica Business Brief: TikTok chief defends the app’s independence in U.S. Congressional hearing, Tron founder faces U.S. lawsuit for crypto misconduct, and China Huarong warns of $4 billion loss for 2022. In addition, Kelsey Cheng joins to talk about the controversy surrounding the plan to relocate the enormous Zhongda textile market in Guangzhou. See Privacy Policy at htt...

This week on the Caixin-Sinica Business Brief: A reshuffle in the central government’s top brass, Chinese solar wafer giant to build a multimillion-dollar factory in the U.S., and scandal-rocked chip investment ‘Big Fund’ gets a new boss. In addition, Yukun Zhang tells us about insurers selling retirement community living bundled with insurance products. See Privacy Policy at https://art19.com/pri...

This week on the Caixin-Sinica Business Brief: China will create a vast new financial regulator, TikTok unveils a new data security program in Europe, BYD enters the U.K. passenger car market, and Chinese local governments offer sweeteners to potential buyers to boost car sales. In addition, Kelsey Cheng joins to talk about ByteDance's Douyin — TikTok's Chinese cousin — and its aggressive moves in...

In this week’s episode: Huawei spinoff Honor looks to challenge Apple and Samsung in Europe, and TikTok tries to make itself less addictive to teens. Plus, Mercedes pivots to EV battery recycling in China, and, the country’s richest woman succeeds her father as chairperson of property developer giant Country Garden. In addition, Yukun Zhang joins to discuss how an averted public bus shutdown in th...

This week on the Caixin-Sinica Business Brief: Alibaba posts better-than-expected quarterly profits, GAC seeks more China-made chips to ease foreign dependence, and at least six killed in Inner Mongolia mine collapse. In addition, Caixin Global reporter Zhang Yukun tells us what we know about the disappearance of well-known deal-maker Bao Fan, the founder and CEO of China Renaissance. See Privacy...

This week on the Caixin-Sinica Business Breif: Warren Buffet cashes in on BYD as his sell-down continues, Hua Hong Semiconductor reports its 10th straight quarter of record revenue, and ByteDance takes on Meituan by venturing into food delivery. In addition, we speak with Denise Jia of Caixin-Global about China's huge appetite for minerals, which is only increasing as the electric vehicle industry...

This week on the Caixin-Sinica Business Brief: A spat over a wandering balloon upsets U.S.-China relations, Baidu promises its own AI chatbot in March, and Beijing officials warn against NFT and metaverse scams. In addition, we speak with Caixin Global's Kelsey Cheng about Ant Financial's progress toward getting back in the good graces of Beijing regulators. See Privacy Policy at https://art19.com...