Business
Chinese e-retailer PDD charts new path with USD14.5 billion investment in self-owned brand - March 29, 2026
PDD Holdings will invest CNY100 billion (USD14.5 billion) over three years to integrate the supply chains of both its e-retail platform Pinduoduo and its global shopping platform Temu, to launch its own brand “Xinpinmu.”
Shanghai unveils 2026 action plan to empower five suburban 'New Cities' - March 29, 2026
Shanghai unveiled an action plan last Thursday to boost industrial clusters, urban services, and innovation ecosystems in five suburban "new cities."
Shanghai climbs to sixth among world's top financial centers - March 29, 2026
Shanghai has moved up two rungs to rank as the world's sixth-most competitive financial center in the latest list compiled by the China Development Institute and Z/Yen Group.
Tourism, talent, takings: Shanghai's comprehensive rural revitalization moves - March 26, 2026
Shanghai is poised to further boost its rural development with a basket of measures, ranging from tourism promotion and landscape improvement to talent cultivation and income enhancement.
Data product IPs drive value creation in Shanghai - March 26, 2026
A total of 837 data products had generated over 19.6 billion yuan ($2.84 billion) in economic value through licensing, trading, and service fees by February since Shanghai became one of the first cities in China to initiate the intellectual property registration of data products in December 2024.
China's RoboSense, Hesai see robot lidar sales surge in 2025 - March 26, 2026
Sales of light detection and ranging sensors to the fast-growing robotics industry are becoming a major growth engine for RoboSense Technology and Hesai Technology, two leading Chinese makers.
Airbus lands fifth big Chinese order in four months - March 26, 2026
After winning four large orders with Chinese carriers last December, Airbus has now secured a major deal with state-owned China Eastern Airlines for planes with a combined sticker price of USD15.8 billion.
UK's GSK allies with Shanghai Pharma to bring hepatitis B jab back to China - March 26, 2026
GlaxoSmithKline has joined hands with Shanghai Pharmaceutical to reintroduce the UK pharmaceutical giant's hepatitis B vaccine to the Chinese market after nearly four years.
Foreign firms in Shanghai transform from sales hubs to innovation engines - March 26, 2026
A growing number of international companies in Shanghai are fast-tracking their transformation, moving beyond their traditional roles as management, sales and service centers to become innovation as well as research and development hubs. Their aim is to build a full chain linking local innovation, commercialization, corporate upgrading and industrial advancement.
Shanghai maritime proposal gains IMO approval - March 25, 2026
A proposal developed by Yangshan Port Maritime Safety Administration, under the guidance of the Shanghai Maritime Safety Administration, was approved at the 12th session of the International Maritime Organization's Sub-Committee on Ship Systems and Equipment recently held in London.
