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Zhejiang

Shanghai planning US$13.8 billion fund of funds in pursuit of ‘several world-class industry clusters’, with eye on AI, biotech and semiconductors

by Anas Siddiqui
Shanghai planning US.8 billion fund of funds in pursuit of ‘several world-class industry clusters’, with eye on AI, biotech and semiconductors

The fund will underpin promising start-ups in the fields of artificial intelligence, biotechnology and semiconductors, and is expected to attract more technology firms to Shanghai, the municipal government said in …

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China’s nationalists put water firm Nongfu Spring under fire, dousing private sector’s flickering confidence

by Ron Morgan
China’s nationalists put water firm Nongfu Spring under fire, dousing private sector’s flickering confidence

China’s drinks giant Nongfu Spring, the country’s largest bottled water producer, has become the latest target in a series of attack campaigns from an increasingly vocal constituency of nationalists online, …

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Zong Qinghou, billionaire founder of Chinese drinks giant Wahaha Group, dies at 79

by Anas Siddiqui
Zong Qinghou, billionaire founder of Chinese drinks giant Wahaha Group, dies at 79

Zong Qinghou, the founder of China’s drinks giant Hangzhou Wahaha Group that bought out its French partner Danone to dominate the local market, has died, according to a company statement. …

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Ant Group-backed credit scorer Qiantang closer to licence in China after two-year wait, as PBOC to ‘guide’ application

by Anas Siddiqui
Ant Group-backed credit scorer Qiantang closer to licence in China after two-year wait, as PBOC to ‘guide’ application

Qiantang Credit Rating, backed by Alibaba Group Holding’s fintech arm Ant Group and Zhejiang Tourism Investment Group, appears to be headed for official approval to begin operations after a wait …

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Chinese firms, anxious to avoid choppy geopolitical waters, chart a course for Vietnam

by Walter Watson
Chinese firms, anxious to avoid choppy geopolitical waters, chart a course for Vietnam

“They told me to go outside,” he recalled. “It’s their suggestion of relocating to a country with lower costs.” 03:23 Xi Jinping says Vietnam is a ‘diplomatic priority’ as Chinese …

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‘Get bolder please’: economic powerhouse all out to lift exporter initiative amid Beijing’s urge for bigger responsibilities

by Ron Morgan
‘Get bolder please’: economic powerhouse all out to lift exporter initiative amid Beijing’s urge for bigger responsibilities

“Later on I learned my peers also received calls and were asked if they needed goal-setting help,” he said. “We were told to ‘get bolder’ with a ‘moderate to high’ …

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China’s Zhejiang province reassures support for Alibaba, led by new chairman Joe Tsai, as company plays pivotal tech development role amid expansion into AI, enterprise market

by Anas Siddiqui
China’s Zhejiang province reassures support for Alibaba, led by new chairman Joe Tsai, as company plays pivotal tech development role amid expansion into AI, enterprise market

Alibaba must “regain momentum, open new chapters and renew glory” to make a greater contribution to Zhejiang, Yi told the company’s top management, according to the Zhejiang Daily report. He …

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Ford’s Doing Well, If You Ignore The $4.5B It May Lose On EVs

by Horatio Thompson
Ford’s Doing Well, If You Ignore The .5B It May Lose On EVs

Good morning! It’s Friday, July 28, 2023 and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are …

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