567 Archives | Week In China

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WiC 567 (Dec 10, 2021)

Internet & Tech, Talking Point Ride-hailing giant Didi set to reverse course and delist from US…

Call it ‘China speed’. Luckin Coffee was founded in October 2017 as a challenger to Starbucks. By the time it went public in New York less than two ...

Coining the cash

Banking & Finance Binance keeps growing, despite China’s crypto crackdown

Tweets from Elon Musk have a history of sparking sudden moves in share prices, not just for his own company Tesla but also in sectors like ...

The Vientiane Express

Belt and Road Who benefits most from China’s just opened $6 billion train line…

Buddhist monks, a lucky gong and a video call with Chinese leader Xi Jinping were all part of the celebrations as Laos formally launched its $6 billion ...

Big, but failed

Property Evergrande on the verge of state-led restructuring

The Evergrande debacle has been a drama of many acts as the company stumbles from one crisis to the next, weighed down by more than $300 billion of ...

The writing’s on the wall

Internet & Tech Tencent opens up its walled ecosystem further to rivals

Most parents with young kids experience non-stop bickering over who gets which toy or which TV show to watch. More often than not, adults have to ...

Internet & Tech Midea to take Kuka private

The German playwright Bertolt Brecht was always very keen to strip away theatrical artifice so that his audiences remained alert to the deeper meaning ...

The greenest gas?

Energy & Resources Why Sinopec is betting big on a hydrogen future

If you believe that the universe was formed as the result of a Big Bang, then hydrogen was the first element that was created. Physicists think that ...

China Consumer Property magnate switches tack to steamed buns

Mao Daqing, like many other of the senior executives at his previous employer Vanke, is an outdoor sports enthusiast. Famously Vanke founder Wang ...

Celebrities, Entertainment Could Wang Yibo’s popular new drama boost iQiyi’s sagging bottom line?

In 2019 Youku released the suspense drama The Longest Day in Chang’an. Much like the premise of US hit 24, the show takes place ...

Going with the grain

Sino-File “The pristine water in Emelshan, which is already renowned for its…

Philippe Guettat, chairman and CEO of Pernod Ricard Asia, tells the China Daily that the French wine and spirits group has invested Rmb1 billion ($156 ...

And Finally Shenzhen culinary scheme sees surge of interest

The internet is overflowing with get-rich-quick schemes. But learning how to braise geese has to be one of the odder ones. All the same, more than ...