Chinese companies going global. Global companies capitalizing on the size and growth of the China market. State-owned enterprises. Policy-based state investment. Startup unicorns with Chinese characteristics. There is no shortage of business stories to tell in China.
When trash collector turned billionaire Huang Guangyu got out of prison, he vowed to restore the glory of Gome, the appliance-retailing chain that once made him China’s richest man. But it turned out he had bitten off more than he could chew.
Premium Bud is no joke: Budweiser is selling less beer in China but charging more for its craft beers as Chinese tastes become more refined.
China’s electric vehicles are competing directly with the best foreign cars, and a new company with an extraordinary pedigree has entered the market.
China is a light industry colossus, but why does it have so few global brands? A new government plan wants to change that.
New energy industries are leading a big demand for industrial robots in China, but the high-precision components still have to be imported.
The Xinjiang Production and Construction Corps (XPCC) stands accused of widespread human rights abuses in Xinjiang, but its operations are fundamental to Beijing’s economic plans for the region.
It’s not yet a headlong rush, but Western firms are quietly pulling out of China. Jeep, one of the earliest American companies to set up shop in the country, is closing its last factory there.
An obscure Hong Kong financial services company and its controversial founder caused an uproar on Wall Street this week after its stock shot up 14,000%. Can it possibly be legit?
A year after Beijing’s sweeping crackdown on China’s for-profit online tutoring companies, New Oriental Education, TAL, and Gaotu Techedu remain the market leaders, but they — and their competitors — are scrambling to adapt in the new environment.
Gome and its charismatic founder, Huang Guangyu — who started out as a trash collector — made a fortune by selling discounted electrical appliances at big-box stores. Huang later spent a decade in jail for insider trading, but after he was released in 2020, he promised a return to the glory days.