Geely sees record revenue, cash flow in 2022
Chinese carmaker Geely Auto Group saw its revenue and free cash flow hit new highs in 2022 despite lingering chip shortages and the COVID-19 pandemic, said the Hong Kong-listed company on Tuesday.
March 21, 2023
The Lego Group building China presence block by block
The Lego Group is accelerating its expansion in China, with plans to open more than 80 new branded stores this year and penetrate lower-tier cities to reach more consumers after posting double-digit growth in revenue for 2022.
March 9, 2023
Everest Medicine's mRNA production base commences operations
Everest Medicines, a Hong Kong-listed Chinese biopharmaceutical company, announced the official opening of its messenger RNA vaccine industrialization base in Jiashan, Zhejiang province, on Tuesday.
March 2, 2023
Alibaba bullish on consumption recovery
Chinese tech giant Alibaba Group Holding Ltd released better-than-expected financial results in the October-December period on Thursday, saying it will continue to remain focused on three core strategies — consumption, cloud computing and globalization.
February 27, 2023
Geely's Zeekr finishes $750m Series A financing round
Zeekr, a premium electric marque of Zhejiang Geely Holding Group, said on Monday it has finished a $750 million Series A financing round, which will beef up its valuation to $13 billion.
February 13, 2023
Tech giants look to bolster industrial digitalization
Chinese internet and tech heavyweights are stepping up efforts to invest more in cloud computing and enterprise-oriented business, and leverage cutting-edge digital technologies to bolster industrial upgrade as part of their broader push to promote in-depth integration of the digital and real economies, experts said.
January 12, 2023
Insomniacs awaken to new ways to find sleep
Digital therapy is creating new treatment options for health issues such as insomnia, a malady that is on the rise. With that, businesses are opening their eyes to new opportunities.
November 17, 2022
Explore Qiantang with Yi shi: Xizi Spirit Aerospace
Xizi Spirit Aerospace, a company based in Qiantang district, Hangzhou, East China's Zhejiang province, manufactured RAT and APU for the China-made Comac C919 airliner.
November 8, 2022