Ethan Zhao
Senior Reporter
The Latest
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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. -
NVIDIA Faces Stiff Competition: The Battle of AI Chip Titans
With a weekly price surge of 30%, and single units selling for over $100,000, the NVIDIA A800 has become a hot commodity in the market due to the booming interest in artificial intelligence and the current chip shortage. 
With a weekly price surge of 30%, and single units selling for over $100,000, the NVIDIA A800 has become a hot commodity in the market due to the booming interest in artificial intelligence and the current chip shortage. -
Volkswagen's Tightrope Walk: Struggling in China Amid Rising Costs and Changing Markets
"The roof is on fire; this is the last wake-up call," expressed Thomas Schafer, CEO of Volkswagen Passenger Cars brand, during a management meeting last week. His sentiment underscores a crisis that Volkswagen (VW) faces due to soaring costs and the Chinese market. 
"The roof is on fire; this is the last wake-up call," expressed Thomas Schafer, CEO of Volkswagen Passenger Cars brand, during a management meeting last week. His sentiment underscores a crisis that Volkswagen (VW) faces due to soaring costs and the Chinese market. -
Cross-Border E-commerce Clash: Temu Sues Shein in the US Over Monopoly and Supplier 'Bullying'
The fierce battle among China's cross-border e-commerce companies for overseas market share is heating up and has now escalated to legal disputes in the courts. 
The fierce battle among China's cross-border e-commerce companies for overseas market share is heating up and has now escalated to legal disputes in the courts. -
Where is China's Foreign Minister Qin Gang?
Qin Gang, the Chinese foreign minister, has not been seen in public since early July, sparking speculation about his whereabouts. Qin Gang, the Chinese foreign minister, has not been seen in public since early July, sparking speculation about his whereabouts.
