China News
Alibaba’s Cloud profit provides a shard of light as slowing economic growth challenges broader e-commerce outlook
Chief executive Daniel Zhang said Alibaba’s cloud business has abundant potential to grow as the country’s total cloud market is expected to reach one trillion yuan by 2025.
China’s streaming giant iQiyi reports rare quarterly profit after deep job cuts
The Nasdaq-listed company, majority-owned by search giant Baidu, reported its first ever quarterly profit after cutting back spending on content and staff.
US looks to China for teamwork on climate change and arms control
Antony Blinken fleshes out White House’s China policy, pointing to potential areas of cooperation.
With focus on economy, China underlines stabilising force of GDP growth
Premier Li Keqiang’s instruction to ‘exhaust all measures’ to stabilise economic growth contrasts with previous emphasis on quality over speed.
China’s local governments, denied lifeline, face catch-22 scenario as businesses lose confidence
Local-level governments, struggling under the weight of Beijing’s heavy-handed enforcement of zero-Covid control measures, are now being ordered to prop up economic growth and boost employment on their own.
Ant Group grants first dividends to shareholders but Jack Ma chooses not to cash out
Ant Group, the fintech affiliate of Alibaba Group Holding, has granted billions of yuan in cash dividends to its shareholders for the first time since it brought in investors in 2015.
Covid tests for dead people: grumbles in China amid tightening pandemic prevention measures and punishments
As China begins to move beyond strict lockdowns in its fight against Covid-19, residents across the country are finding themselves forced to navigate a complex maze of pandemic prevention measures.