Welcome to the 25th installment of the Caixin-Sinica Business Brief, a weekly podcast that brings you the most important business stories of the week from China’s top source for business and financial news. Produced by Kaiser Kuo of our Sinica Podcast, it features a business news roundup, plus conversations with Caixin reporters and editors.
This week, we explore how China’s tech giant Tencent secured a new license to sell insurance products on its popular messaging apps WeChat and QQ. We analyze the latest move by the Ministry of Environmental Protection to implement more than two dozen research programs on air pollution. We take a look at Beijing Daxing International Airport, a new hub operated by China Southern Airlines and China Eastern Airlines. We learn about how Chinese farmers are using crop-dusting drones to overcome labor shortages. We study the case of Yousan, an umbrella-sharing startup that recently rolled out its shared umbrella concept in Shanghai and Suzhou, as well as in the nearby city of Nanjing.
In addition, we talk to Caixin senior editor Doug Young about an unusual crowdfunding service run by the rail operator of Xi’an, and Costa Coffee’s buyout of its South China partner, Yueda, following a similar move made by its largest rival, Starbucks, a few months ago. We also speak with Caixin reporter Fran Wang about China’s latest economic data report on trade numbers.
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