Ethan Zhao
Senior Reporter
The Latest
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JD.com's Acquisition of Yonghui Superstores: Merely a Rumor or Strategic Move?
Today, rumors are making rounds about JD.com's interest in acquiring Yonghui Superstores in full, an assertion that both JD.com and Yonghui vehemently denied when reached out for comment. Even when we approached Yonghui for verification, we received a similar reply: "No such matter exists." 
Today, rumors are making rounds about JD.com's interest in acquiring Yonghui Superstores in full, an assertion that both JD.com and Yonghui vehemently denied when reached out for comment. Even when we approached Yonghui for verification, we received a similar reply: "No such matter exists." -
JD.Com Dismisses Speculation Over Acquisition of Supermarket Behemoth Yonghui
Chinese e-commerce titan JD.Com has publicly refuted circulating rumors that it intends to acquire the prominent supermarket chain, Yonghui Superstores. The Beijing-based company clarified that it currently has no plans to purchase Yonghui, according to a report by The Paper. 
Chinese e-commerce titan JD.Com has publicly refuted circulating rumors that it intends to acquire the prominent supermarket chain, Yonghui Superstores. The Beijing-based company clarified that it currently has no plans to purchase Yonghui, according to a report by The Paper. -
Foxconn Reportedly Plans $500M Investment for Component Factories in India Amid Retreat from Chip Project
Despite withdrawing from a joint venture in chip production, Foxconn, Apple's key supplier, appears to be pushing forward with expanding its production capabilities in India. 
Despite withdrawing from a joint venture in chip production, Foxconn, Apple's key supplier, appears to be pushing forward with expanding its production capabilities in India. -
Ant Group Takes Multiple Actions After Penalty Announcement: Paving the Road to an IPO Restart?
Ant Group and its subsidiaries have taken multiple actions in the past 20+ days. These activities include share buybacks, personnel changes, and rumored preparation for an IPO restart. 
Ant Group and its subsidiaries have taken multiple actions in the past 20+ days. These activities include share buybacks, personnel changes, and rumored preparation for an IPO restart. -
Shein Reveals Record First-Half Net Profits Amid IPO Rumors
As speculation regarding its U.S. IPO gains traction, Chinese fast-fashion e-commerce giant Shein has unveiled impressive financial results for the first half of this year. 
As speculation regarding its U.S. IPO gains traction, Chinese fast-fashion e-commerce giant Shein has unveiled impressive financial results for the first half of this year. -
Volkswagen Group Partners with XPENG and SAIC to Boost E-Mobility Line-up in China
In a significant move to strengthen its foothold in the Chinese automotive market, the Volkswagen Group has announced strategic partnerships with XPENG and SAIC. The collaborations aim to accelerate the Group's local electrification strategy and tap into new customer and market segments in China's rapidly expanding e-mobility market. 
In a significant move to strengthen its foothold in the Chinese automotive market, the Volkswagen Group has announced strategic partnerships with XPENG and SAIC. The collaborations aim to accelerate the Group's local electrification strategy and tap into new customer and market segments in China's rapidly expanding e-mobility market. -
China's Foreign Policy Leadership Shakeup: Wang Yi Replaces Absent Qin Gang
In a surprising turn of events, China's foreign minister Qin Gang was replaced by his predecessor Wang Yi, following a month-long absence from public view. This sudden change in the country's foreign policy leadership has sparked widespread speculation and intrigue. 
In a surprising turn of events, China's foreign minister Qin Gang was replaced by his predecessor Wang Yi, following a month-long absence from public view. This sudden change in the country's foreign policy leadership has sparked widespread speculation and intrigue. -
Tragic Collapse in China: School Gymnasium Incident Claims 11 Lives, Parents Decry Lack of Communication
On July 24, the roof of the sports hall at the Qiqihar No. 34 Middle School in Heilongjiang Province, China collapsed, resulting in 11 deaths. At the time of the incident, there were 19 people in the gymnasium. Many parents, speaking at local hospitals, expressed their anger over the perceived inaction of local officials. One parent expressed frustration that the police were present to maintain order, rather than assisting in the situation, and questioned the city's attitude towards the tragedy. 
On July 24, the roof of the sports hall at the Qiqihar No. 34 Middle School in Heilongjiang Province, China collapsed, resulting in 11 deaths. At the time of the incident, there were 19 people in the gymnasium. Many parents, speaking at local hospitals, expressed their anger over the perceived inaction of local officials. One parent expressed frustration that the police were present to maintain order, rather than assisting in the situation, and questioned the city's attitude towards the tragedy. -
Indian Government Denies BYD's $1 Billion EV Factory Proposal, Aims to Promote 'Make in India' Strategy
Recent reports from Indian media reveal that the Indian government has rejected a significant investment plan from Chinese automaker BYD. According to The Economic Times on the 22nd, the Department for Promotion of Industry and Internal Trade (DPIIT) dismissed the proposal by BYD to construct an electric vehicle (EV) factory in India in partnership with local companies. 
Recent reports from Indian media reveal that the Indian government has rejected a significant investment plan from Chinese automaker BYD. According to The Economic Times on the 22nd, the Department for Promotion of Industry and Internal Trade (DPIIT) dismissed the proposal by BYD to construct an electric vehicle (EV) factory in India in partnership with local companies. -
AI Can't Save TSMC: Semiconductor Giant Grapples with First Quarterly Profit Decline in Four Years; Adjusts Annual Outlook
On the afternoon of July 20, Beijing time, TSMC, the world's largest semiconductor manufacturer, announced its second-quarter results for the period ending June 30. 
On the afternoon of July 20, Beijing time, TSMC, the world's largest semiconductor manufacturer, announced its second-quarter results for the period ending June 30.
