WeChat can already do (almost) everything, but it has not had its own shops so far. The Tencent group, which owns the universal communication app, now wants to close this gap – and could thus steal many smaller customers away from the trading platforms of competitor Alibaba. The service WeChat Mini Shop (Xiao Shangdian, 小商店) […]
The timing has caused raised eyebrows: Practically in parallel with the conclusion of the investment agreement with the EU (CAI), China has tightened the rules for investments in its own country. In the new version, which has been in force since Jan. 18, the government in Beijing reserves the right to require approval for company […]
There is a shortage of containers in China’s ports – with considerable consequences for German trade. “The situation will lead to enormous economic damage for some importers,” says Guido Hogenkamp from the German import and export company in Bocholt (DIG). Among other things, the company imports garden furniture and kitchen appliances from the Far East. […]
Strict lockdown – fast recovery: That is the short formula through which China achieved economic growth of a remarkable 2.3 percent in the Covid year. Other countries in Asia were also able to return to normality all the more quickly thanks to consistent containment of the pandemic. Germany, on the other hand – as an […]
As Chinese pharmaceutical manufacturer Sinovac ramps up the output of its Covid vaccine to one billion doses per year, doubts are mounting about the validity of the published efficacy data. Last week, the Brazilian Butantan Institute was still talking about a protective effect of 78 percent; before Christmas, there was talk of it “generating an […]
Baidu and Geely, two heavyweights on the Chinese tech scene, have teamed up to develop the car of the future. “We believe that by combining Baidu’s expertise in smart transportation, connected vehicles and autonomous driving with Geely’s expertise as a leading automobile and EV manufacturer, the new partnership will pave the way for future passenger […]
