Business

Founder and chairman of Chinese internet giant Alibaba Jack Ma gives a speech at a high-profile startups and high-tech leaders gathering, Viva Tech, in Paris, France, on 16 May 2019. (Charles Platiau/Reuters)

Jack Ma's reappearance energises Chinese internet and investors: Will Alibaba rise again?

Jack Ma recently sent out an internal memo, affirming Alibaba’s reforms and organisational restructuring, stating that the company has returned to a healthy growth track. Meanwhile, reports suggest that Ma, having returned from obscurity, is once again deeply involved in strategic decisions. Will this be Alibaba’s foray back to the top? Lianhe Zaobao’s China Desk tells us more.
Publicity posters of Luckin and Cotti, both offering 9.90 RMB coffees. (Weibo)

Luckin challenger pushes China’s coffee price war towards boiling point

Cotti appears to be struggling to sustain its rapid expansion, having already faced operational issues with franchisees and suffering a spate of store closures, as Luckin fights back. Meanwhile, as the two Chinese coffee chains duke it out at the cheap end of the market, China’s largest international player, Starbucks Corp., is distancing itself from the competition and focusing instead on growing its foothold in the country’s smaller cities.
TikTok offices in Culver City, California, US, on 20 March 2024. (Bing Guan/Bloomberg)

The countdown begins: TikTok navigates uncertain future amid US ban bill

A legislation passed on 13 March by the US House of Representatives which is currently pending in the Senate would force TikTok's parent company to sell it within 180 days or face a nationwide ban. Is there still room for manoeuvre and can TikTok turn the situation around?
A sculpture (left) by artist Chen Wenling, and an Ant Group Co. mascot at the company's headquarters in Hangzhou, China, on 2 August 2021. (Qilai Shen/Bloomberg)

China targets payments problem to win over foreigners

Despite China waiving visa requirements for citizens from over a dozen more countries and making local digital payment services more international-user friendly, flights and the flow of visitors from countries such as the US are still nowhere near 2019 levels.
People walk on a sidewalk in the central business district in Beijing, China on 28 February 2024. (Greg Baker/AFP)

Chinese authorities ramp up meetings with foreign industry giants

Lianhe Zaobao journalist Liu Sha takes a closer look at the Chinese authorities’ frequent meetings with leaders from multinational companies, in particular those from the manufacturing and biopharmaceutical sectors, following the 20th Party Congress. What do these meetings signal, and will they work in terms of stabilising foreign investor confidence?
People cross an intersection in the Central business district of Hong Kong, China, on 27 February 2024. (Peter Parks/AFP)

Is the Hong Kong economy really in demise?

While naysayers have painted a doomsday scenario for Hong Kong since the plummeting of the Hang Seng Index, EAI senior research fellow Yu Hong points to Hong Kong’s strong fundamentals, the vitality of the Greater Bay Area and the knock-on effects of the recovery of the mainland economy. He notes that as long as the mainland economy continues to grow, the Hong Kong stock market will remain attractive to regional and global investors.
Ching-ti (left) and Chiang Hsun on the second floor of Tung Hua Books after Chiang's lecture on Dream of the Red Chamber, 23 May 2002. (Photo taken by Chen Wen-fa)

This ordinary, extraordinary life: A Taiwanese woman called Ching-ti [Part 1]

Taiwanese art historian Chiang Hsun recalls his memories of his dear friend Ching-ti, from the lectures he conducted in her bakery to the death of her beloved husband. Ching-ti was a generous woman unbothered by life’s trivialities, but was unprepared to face the death of her loved one.
Malaysia’s pro-business policies, low consumption levels and multicultural environment have attracted many new immigrants from China.

[Big read] Double-edged sword of more new Chinese immigrants in Malaysia

With the rise of China's middle class, an increasing number of Chinese are able to go abroad for studies or to do business. Malaysia’s pro-business policies, low consumption levels and multicultural environment have attracted many new immigrants from China. Lianhe Zaobao correspondent Seoow Juin Yee finds out more about the opportunities in Malaysia and the pushback from the locals.
Indonesian presidential candidate Prabowo Subianto (left) speaks during a televised debate with his opponents Ganjar Pranowo (centre) and Anies Baswedan (right) at the Istora Senayan stadium in Jakarta, Indonesia, on 7 January 2024. (Ajeng Dinar Ulfiana/Reuters)

Will the 'China factor' become an election issue in Indonesia?

Indonesia’s economic relationship with China is occasionally marred by deadly accidents at Chinese-built and owned industrial sites in the archipelago. Nevertheless, economic cooperation with China is not going to slow down, no matter who wins the election next month.