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Whale Cloud and Ant International Forge Strategic Partnership to Expand E-Wallet and Super App Technologies

Yishi Chen (right), Executive Vice President of Whale Cloud International and Zhixian Li (left), Senior Director, Alipay+ Wallet Tech at Ant International, during the signing ceremony

[cs_content _p=’3370′][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]Whale Cloud and Ant International have announced a strategic partnership to enhance and expand e-wallet and super app technologies globally. This collaboration aims to leverage Whale Cloud’s advanced cloud-based solutions and Ant International’s expertise in digital finance to drive innovation in mobile payment systems and super […]

Qiangli Jucai Lights Up Nasdaq Screen in Times Square, Showcasing Global LED Market Leadership

Qiangli Jucai Celebrates Global LED Market Leadership with Nasdaq Display in Times Square

[cs_content _p=’3199′][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]Qiangli Jucai, a leader in the LED market, recently celebrated its top global sales rank by lighting up the Nasdaq screen in Times Square, New York. This prominent display highlighted the company’s significant achievements and its dominant position in the global LED industry. The event is […]

YiwuGo Sees Surge in Pet Supplies Transactions

YiwuGo Sees Surge in Pet Supplies Transactions

[cs_content _p=’3170′][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]YiwuGo, the renowned online wholesale marketplace, is experiencing a significant increase in pet supplies transactions. As global demand for pet products continues to rise, YiwuGo has become a bustling hub for pet supplies, attracting buyers and suppliers from around the world. This surge highlights YiwuGo’s vital […]

China-Manufactured Smart Watch OLED Shipment Share Exceeds 60% in 1H24

Smartwatch AMOLED shipment share (percentage)

[cs_content _p=’3137′][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]China’s manufacturing sector continues to dominate the global market, with a recent report highlighting that over 60% of the world’s smartwatch OLED shipments in the first half of 2024 were produced in China. This significant market share underscores China’s leading role in the electronics manufacturing industry […]

CNBF Daily Brief 1.3.2023

China Economic Daily Brief Newsletter

[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 52.6 in February, up from 50.1 in January, according to data from the National Bureau of Statistics. A reading above 50 indicates expansion, while a reading below reflects contraction. The purchasing managers’ index (PMI) for […]

CNBF Daily Brief 24.2.2023

China Economic Daily Brief Newsletter

[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]China’s international trade in services stood at 459.5 billion yuan (67.6 billion U.S. dollars) in January, according to the State Administration of Foreign Exchange. Services exports totaled 177.4 billion yuan last month, and services imports were at 282.1 billion yuan, resulting in a trade deficit of 104.8 […]

CNBF Daily Brief 23.2.2023

China Economic Daily Brief Newsletter

[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]China will strengthen measures ensuring the smooth flow of logistics to stabilize industrial and supply chains, according to the Ministry of Transport. The ministry will work to enhance China’s emergency response transport capacity and ensure efficient and unimpeded logistics for key materials, especially materials related to energy, […]

CNBF Daily Brief 22.2.2023

China Economic Daily Brief Newsletter

[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]Outbound investment of Chinese companies grew steadily in 2022, with more than 70% maintaining or expanding investment abroad, according to the survey conducted by the China Council for the Promotion of International Trade. Over 80% of the surveyed firms are optimistic about the prospects of overseas investment. […]

CNBF Daily Brief 21.2.2023

China Economic Daily Brief Newsletter

[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]China is moving to incubate its fifth batch of “little giant” firms to boost innovation and provide stronger support for the real economy. The “little giant” enterprises represent the new elite of small and medium-sized businesses that specialize in a niche market, boast cutting-edge technologies, and show […]

CNBF Daily Brief 20.2.2023

China Economic Daily Brief Newsletter

[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 14.5% year on year to 127.69 billion yuan in January, according to the Ministry of Commerce. In U.S. dollar terms, the FDI inflow went up 10% year on year to 19.02 billion U.S. dollars. High-tech […]