Business


Record numbers of visitors throng Shanghai during holiday - February 24, 2026

Shanghai's cultural and tourism authorities reported record tourism numbers for the 2026 Spring Festival holiday. The municipality had 21.67 million visitors over the nine-day holiday period, up 8.36 percent from the previous year.


Tourist numbers, spending surge as Shanghai reaps Spring Festival windfall - February 24, 2026

Shanghai saw growth in tourism during the 2026 Spring Festival holiday, with visitor numbers and spending rising amid expanded cultural offerings and consumer incentives, official data showed.


Shanghai's Chinese New Year spending hits 60 billion yuan - February 23, 2026

Consumer spending in Shanghai surged to 60.35 billion yuan (US$8.3 billion) during the Chinese New Year holiday, marking a 12.8 percent increase from last year as the city embraced the Year of the Horse.


Ride with films: Year of the Horse sees movie-inspired tourism surge in China - February 23, 2026

Blockbusters are doing more than leading the holiday box office at the beginning of the Year of the Horse in China — they are reshaping holiday travel patterns, fueling a nationwide boom in movie-inspired tourism.


Shanghai's AI ecosystem, professional services lure one-person firms - February 23, 2026

Shanghai's artificial intelligence ecosystem and professional service capabilities are attracting one-person companies, usually established by so-called "super individuals," to set up operations in the city.


IT a significant contributor to Shanghai's growth - February 23, 2026

The industry and the software/information technology sector contributed more than half of Shanghai's economic growth in 2025.


Int'l visitors enjoy 'very Chinese time' in New Year traveling, shopping - February 23, 2026

Although the Spring Festival used to be a low season for inbound travel, this year, more international tourists flew in to experience the country's most important time for family reunions.


Shanghai gears up for F1 Chinese Grand Prix - February 12, 2026

The 2026 Formula One Chinese Grand Prix, the season's second stop, will be held at the Shanghai International Circuit from March 13 to 15.


SMIC fourth-quarter profit jumps 23% as China’s chip self-sufficiency push pays off - February 12, 2026

China’s drive to localize its semiconductor industrial chain helped Semiconductor Manufacturing International Corp. post a 23 percent leap in profit in the fourth quarter last year from the year before, even during the industry’s usual seasonal slowdown.


Playboy to sell half of China business to Chinese consumer brands operator UTG for USD122 million - February 12, 2026

Playboy said the US pleasure and entertainment giant will sell 50 percent of its China business to its local agent UTG Brands Management Group for USD122 million, shifting to a deep partnership business model from simply trademark licensing.


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