Yicai 第一财经
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English-language version of Shanghai-based business and financial media outlet Yicai. 中国财经全媒体第一财经英文品牌一财全球的官方账号
The 120,000th trip along the China-Europe freight train route was completed today since it opened in 2011, transporting goods worth a total of over USD490 billion and serving 232 cities in 26 European countries and over 100 cities in 11 Asian countries, CCTV learned from China State Railway Group.
November 28, 2025 at 7:33 AM
The 120,000th trip along the China-Europe freight train route was completed today since it opened in 2011, transporting goods worth a total of over USD490 billion and serving 232 cities in 26 European countries and over 100 cities in 11 Asian countries, CCTV learned from China State Railway Group.
Taobao Flash Buy eliminated overdue fines for delivery riders in 60 cities nationwide from today to achieve a balanced enhancement of rider safety, order fulfillment efficiency, and user experience, the Chinese e-commerce giant said. The policy will expand to all cities by the end of the year.
November 28, 2025 at 7:12 AM
Taobao Flash Buy eliminated overdue fines for delivery riders in 60 cities nationwide from today to achieve a balanced enhancement of rider safety, order fulfillment efficiency, and user experience, the Chinese e-commerce giant said. The policy will expand to all cities by the end of the year.
China has built more than 7,000 advanced smart factories, becoming the world's biggest intelligent manufacturing application base, the MIIT announced. The country has also set up over 500 excellence-level smart factories, with 15 firms selected for the cultivation list of pioneer-level smart plants.
November 28, 2025 at 7:10 AM
China has built more than 7,000 advanced smart factories, becoming the world's biggest intelligent manufacturing application base, the MIIT announced. The country has also set up over 500 excellence-level smart factories, with 15 firms selected for the cultivation list of pioneer-level smart plants.
Xiaomi will deploy humanoid robots on a large scale in the Chinese tech giant's plants over the next five years, Beijing Daily reported, citing CEO Lei Jun as saying yesterday. Household androids' demand and market will be greater, with even higher requirements, he added.
November 28, 2025 at 7:09 AM
Xiaomi will deploy humanoid robots on a large scale in the Chinese tech giant's plants over the next five years, Beijing Daily reported, citing CEO Lei Jun as saying yesterday. Household androids' demand and market will be greater, with even higher requirements, he added.
China's DeepSeek yesterday launched its latest mathematical reasoning model, DeepSeekMath-V2, which solved five out of six problems in the simulated 2025 International Mathematical Olympiad, reaching a gold medal level and becoming the first open-source model to do so.
November 28, 2025 at 2:56 AM
China's DeepSeek yesterday launched its latest mathematical reasoning model, DeepSeekMath-V2, which solved five out of six problems in the simulated 2025 International Mathematical Olympiad, reaching a gold medal level and becoming the first open-source model to do so.
China approved 178 domestic online games this month, including titles from Perfect World, Bilibili, and Seasun World, the National Press and Publication Administration said yesterday. Six imported games were also greenlit.
November 28, 2025 at 2:56 AM
China approved 178 domestic online games this month, including titles from Perfect World, Bilibili, and Seasun World, the National Press and Publication Administration said yesterday. Six imported games were also greenlit.
Huawei Cloud's R&D department has merged into the Chinese tech giant's ICT arm, one of its core businesses, with five streamlined new divisions focusing on cloud services in infrastructure, data and AI, database, security, and HCS, people familiar with the matter told Yicai.
November 28, 2025 at 2:33 AM
Huawei Cloud's R&D department has merged into the Chinese tech giant's ICT arm, one of its core businesses, with five streamlined new divisions focusing on cloud services in infrastructure, data and AI, database, security, and HCS, people familiar with the matter told Yicai.
French President Emmanuel Macron will make a state visit to China between Dec. 3 and 5, spending time Beijing and Chengdu, to address major partnership issues, according to an announcement of the Élysée. This will be the Macron’s first visit to China since April 2023.
November 28, 2025 at 1:46 AM
French President Emmanuel Macron will make a state visit to China between Dec. 3 and 5, spending time Beijing and Chengdu, to address major partnership issues, according to an announcement of the Élysée. This will be the Macron’s first visit to China since April 2023.
A delegation of Chinese entrepreneurs, organized by the China Council for the Promotion of International Trade, will visit the United States in early next month at the invitation of the US Chamber of Commerce, a spokesperson for the CCPIT said yesterday.
November 28, 2025 at 1:42 AM
A delegation of Chinese entrepreneurs, organized by the China Council for the Promotion of International Trade, will visit the United States in early next month at the invitation of the US Chamber of Commerce, a spokesperson for the CCPIT said yesterday.
The death toll of the fire af the Wang Fuk Court building complex in Hong Kong rose to 94, with 76 others injured, as of 6 a.m. today, according to RTHK, citing local fire service department. The search and rescue operations are expected to be completed by 9 a.m.
November 28, 2025 at 12:41 AM
The death toll of the fire af the Wang Fuk Court building complex in Hong Kong rose to 94, with 76 others injured, as of 6 a.m. today, according to RTHK, citing local fire service department. The search and rescue operations are expected to be completed by 9 a.m.
Chinese companies, including BYD, NetEase, Trip.Com, ByteDance, and Didi Global, donated HKD10 million (USD1.3 million) each to provide urgent assistance for the fire relief efforts in Tai Po, Hong Kong, which killed at least 55 people.
November 27, 2025 at 7:21 AM
Chinese companies, including BYD, NetEase, Trip.Com, ByteDance, and Didi Global, donated HKD10 million (USD1.3 million) each to provide urgent assistance for the fire relief efforts in Tai Po, Hong Kong, which killed at least 55 people.
ByteDance is in talks to sell its gaming studio Shanghai Moonton Technology to Saudi Arabia-based Savvy Games Group, Bloomberg reported, citing people familiar with the matter. The Chinese tech giant acquired Moonton in 2021 at a valuation of about USD4 billion.
November 27, 2025 at 7:05 AM
ByteDance is in talks to sell its gaming studio Shanghai Moonton Technology to Saudi Arabia-based Savvy Games Group, Bloomberg reported, citing people familiar with the matter. The Chinese tech giant acquired Moonton in 2021 at a valuation of about USD4 billion.
In the latest episode of #BusinessInsights, Yicai host Zhang Yuan and Wired Magazine's Founding Executive Editor Kevin Kelly explored topics about the future development of AI regarding trends and civilization.
November 27, 2025 at 7:02 AM
In the latest episode of #BusinessInsights, Yicai host Zhang Yuan and Wired Magazine's Founding Executive Editor Kevin Kelly explored topics about the future development of AI regarding trends and civilization.
Tesla's VP Grace Tao refuted media reports claiming the US EV maker will gradually exclude China-based suppliers at its manufacturing sites in the US, clarifying that Tesla picks its suppliers based on quality, costs, technology, and continuity, rather than geographical origin.
November 27, 2025 at 3:28 AM
Tesla's VP Grace Tao refuted media reports claiming the US EV maker will gradually exclude China-based suppliers at its manufacturing sites in the US, clarifying that Tesla picks its suppliers based on quality, costs, technology, and continuity, rather than geographical origin.
Lu Zeyu, the ex-senior robotics engineer of Tesla, said on social media that he has joined Xiaomi as head of dexterous hand at the Chinese handset giant's robot division. Lu was responsible for the hand grasping and manipulation design for Tesla's android Optimus.
November 27, 2025 at 2:18 AM
Lu Zeyu, the ex-senior robotics engineer of Tesla, said on social media that he has joined Xiaomi as head of dexterous hand at the Chinese handset giant's robot division. Lu was responsible for the hand grasping and manipulation design for Tesla's android Optimus.
Singapore surpassed Switzerland to rank first in the latest Global Talent Competitiveness Index released by business school INSEAD, becoming the only Asian country to make the list. The United States slid to ninth from third.
November 27, 2025 at 2:15 AM
Singapore surpassed Switzerland to rank first in the latest Global Talent Competitiveness Index released by business school INSEAD, becoming the only Asian country to make the list. The United States slid to ninth from third.
China's profits of industrial enterprises above the designated size rose 1.9% to CNY5.95 trillion (USD840 billion) in the first 10 months of the year from a year earlier, the NBS said today. Their revenue increased 1.8% in the period.
November 27, 2025 at 2:06 AM
China's profits of industrial enterprises above the designated size rose 1.9% to CNY5.95 trillion (USD840 billion) in the first 10 months of the year from a year earlier, the NBS said today. Their revenue increased 1.8% in the period.
Didi Global’s net profit climbed 57% to more than CNY1.45 billion (USD206 million) in the third quarter from a year ago, the Chinese ride-hailing giant’s trading report showed today. Revenue rose 8.5% to CNY58.5 billion (USD8.26 billion).
November 26, 2025 at 11:29 AM
Didi Global’s net profit climbed 57% to more than CNY1.45 billion (USD206 million) in the third quarter from a year ago, the Chinese ride-hailing giant’s trading report showed today. Revenue rose 8.5% to CNY58.5 billion (USD8.26 billion).
Li Auto had a net loss of CNY624 million (USD88 million) in the third quarter, compared with a CNY2.8 billion net profit in the same period of last year, the Chinese EV maker's financial report showed today. It delivered more than 93,200 vehicles in the period, a year-on-year decline of 39%.
November 26, 2025 at 10:11 AM
Li Auto had a net loss of CNY624 million (USD88 million) in the third quarter, compared with a CNY2.8 billion net profit in the same period of last year, the Chinese EV maker's financial report showed today. It delivered more than 93,200 vehicles in the period, a year-on-year decline of 39%.
Li Auto had a net loss of CNY624 million (USD88 million) in the third quarter, compared with a CNY2.8 billion net profit in the same period of last year, the Chinese EV maker's financial report showed today. It delivered more than 93,200 vehicles in the period, a year-on-year decline of 39%.
November 26, 2025 at 10:07 AM
Li Auto had a net loss of CNY624 million (USD88 million) in the third quarter, compared with a CNY2.8 billion net profit in the same period of last year, the Chinese EV maker's financial report showed today. It delivered more than 93,200 vehicles in the period, a year-on-year decline of 39%.
WeRide and Uber have launched a ride-hailing partnership in Abu Dhabi, marking the first time that autonomous vehicles have been available on the Uber app outside of the US, the Chinese self-driving tech company said today. It is the largest commercial robotaxi service outside the US and China.
November 26, 2025 at 10:05 AM
WeRide and Uber have launched a ride-hailing partnership in Abu Dhabi, marking the first time that autonomous vehicles have been available on the Uber app outside of the US, the Chinese self-driving tech company said today. It is the largest commercial robotaxi service outside the US and China.
China's telecoms industry generated revenue of CNY1.47 trillion (USD207 billion) in the first ten months of this year, up 0.9% from a year ago, according to data from the MIIT. 5G handset users exceeded 1.18 billion as of the end of last month, making up 65% of the country's total phone users.
November 26, 2025 at 6:21 AM
China's telecoms industry generated revenue of CNY1.47 trillion (USD207 billion) in the first ten months of this year, up 0.9% from a year ago, according to data from the MIIT. 5G handset users exceeded 1.18 billion as of the end of last month, making up 65% of the country's total phone users.
Some 650 million passenger trips were made in China in the first 10 months of 2025, up 5.3% from a year earlier, according to the CAAC. Cargo and mail transport volume jumped 14% to 8.31 million tons in the period, with the figure for October surpassing 900,000 tons for the first time in history.
November 26, 2025 at 6:12 AM
Some 650 million passenger trips were made in China in the first 10 months of 2025, up 5.3% from a year earlier, according to the CAAC. Cargo and mail transport volume jumped 14% to 8.31 million tons in the period, with the figure for October surpassing 900,000 tons for the first time in history.
Guan Haitao, former chief brand officer of Zeekr, has joined the marketing and sales division of Chinese smartphone maker Honor, Securities Times learned from people familiar with the matter. Guan joined the Geely-backed EV brand in 2023, after working for Huawei for about five years.
November 26, 2025 at 6:10 AM
Guan Haitao, former chief brand officer of Zeekr, has joined the marketing and sales division of Chinese smartphone maker Honor, Securities Times learned from people familiar with the matter. Guan joined the Geely-backed EV brand in 2023, after working for Huawei for about five years.
Alibaba's Flash Buy business had its peak investment period in the quarter ended Sept. 30, which will likely significantly shrink in the next quarter with improvements in overall efficiency, CFO Xu Hong said during an earnings conference call yesterday.
November 26, 2025 at 3:04 AM
Alibaba's Flash Buy business had its peak investment period in the quarter ended Sept. 30, which will likely significantly shrink in the next quarter with improvements in overall efficiency, CFO Xu Hong said during an earnings conference call yesterday.