Business
2026 Rolex Shanghai Masters unveils major upgrades - August 03, 2026
The launch ceremony for the 2026 Rolex Shanghai Masters was held at the Portman Ritz-Carlton in Shanghai on July 30, where organizers announced that this year's tournament will take place from Oct 5 to 18 at Qizhong Tennis Center.
Unitree set to launch IPO in Shanghai - August 02, 2026
China's Unitree Robotics has announced a timetable for its initial public offering in Shanghai, which is poised to value the company at more than 40 billion yuan ($5.7 billion), lifting market sentiment and setting a new benchmark for the valuation of China's fast-growing embodied artificial intelligence sector.
Yum China’s profit rises 14% as KFC, Pizza Hut operator posts ninth quarterly earnings gain - August 02, 2026
Yum China Holdings, which operates the Kentucky Fried Chicken and Pizza Hut restaurants in the Chinese mainland, reported a 14 percent increase in profit for the second quarter from a year earlier, after earnings and margins grew for the ninth straight quarter.
Heatwave can't halt hype: high-profile debuts and AI upgrades at ChinaJoy 2026 - August 02, 2026
Despite the sweltering heat, gaming enthusiasts packed the bustling halls of ChinaJoy 2026, or the China Digital Entertainment Expo & Conference, eager to test new game demos and AI-powered devices, admire elaborate cosplay and snap photos with their favorite characters.
Shanghai, Hong Kong gov’t-backed investors launch USD76 million sci-tech fund to boost innovation - August 02, 2026
Government-backed investment institutions from Shanghai and Hong Kong inked a partnership agreement on July 30, paving the way for the establishment of the HKD600 million (USD76 million) Victoria Link Sci-Tech Fund, which will focus on investing in Hong Kong-based technology and innovation projects and accelerate the deployment of cutting-edge global technologies in both Shanghai and Hong Kong.
Commercial land plot in Shanghai's Pudong sells at 80% premium - August 02, 2026
A purely commercial land parcel in Pudong New Area of Shanghai was auctioned at an 80 percent premium, which not only far exceeds the rates of most such plots in the city, but also those of some land for housing development in core urban areas.
Shanghai's foreign visitor numbers jump 28% in first half - August 02, 2026
Shanghai saw the number of overseas visitors rise 28 percent in the first half of the year from a year earlier, with South Korea, Russia, the United States, Thailand, and Malaysia as the main sources.
Chinese game developer Moonton uses Esports World Cup as launchpad for European market push - July 30, 2026
Moonton Technology is using the Esports World Cup in Paris as a springboard to expand in Europe, offering a path for Chinese game developers going global.
Shanghai leads nation, Asia in 'first-store economy' race - July 30, 2026
More than 8,400 brands have chosen Shanghai for their first stores, reflecting the city's strong appeal to both global and domestic brands.
Shanghai's corporate free trade accounts cross-border fund transfers top USD19.7 billion - July 30, 2026
Cross-border fund receipts and payments under Shanghai Pilot FTZ's corporate free trade account upgrade have topped CNY133 billion, with the first digital yuan transfer handled this month.
