Insta360 goes public a decade after founding · TechNode
On June 11, panoramic and action camera company Insta360 went public on China’s STAR (Science and Technology Innovation Board) Market, becoming the seventh company to list on the board in…
Trump plans a hefty tax on imported drugs, risking higher prices and shortages
US President Donald Trump has promised to impose hefty import taxes on pharmaceuticals, a category of products he has largely spared in his trade war. For decades, in fact, imported…
Apple launches China government subsidy program on official website for the first time · TechNode
Apple’s official website now supports China’s national consumer subsidy program for the first time. According to the promotional page, selected products are eligible for up to RMB 2,000 ($279) in…
Maduro vows to declare a ‘republic in arms’ if US forces in the Caribbean attack Venezuela
Venezuelan President Nicolas Maduro on Monday said he “would constitutionally declare a republic in arms” if the South American country were attacked by forces that the United States government has…
Alibaba merges Ele.me, Fliggy into e-commerce unit in strategic shift · TechNode
Alibaba Group has merged its food delivery platform Ele.me and travel unit Fliggy into its China e-commerce division as part of a shift from a traditional e-commerce model to a…
Pricing law overhaul to ensure fair competition
A visitor (right) experiences a massage treatment conducted by an intelligent robot at a health maintenance store in Qinhuangdao, Hebei province, on June 18. CAO JIANXIONG/FOR CHINA DAILY China is…
Guatemala is prepared to receive hundreds of deported minors from US: President Arevalo
Guatemala is ready and willing to receive some 150 unaccompanied minors per week of all ages from the United States, President Bernardo Arevalo said on Monday, a day after a…
China tightens tax reporting rules for internet platforms · TechNode
China has rolled out new tax reporting rules for internet platforms in a move to boost transparency and enforcement. The regulations, which took effect June 23, require platforms to submit…
China advances development bank to help 10 Eurasian countries curb US dollar risks
A strong push on Monday to create a development bank serving 10 Eurasian countries, including China, would help insulate the group from increasingly risky US dollar-dominated trade while accelerating key…
Starbucks denies reports it plans to fully exit China · TechNode
Starbucks has responded to rumours of a potential stake sale in its China operations after reports resurfaced that the American coffee giant is looking for buyers for its business in…