02/02
2025 Sun.
As of February 2, China's 2025 box office (including pre-sales) has surpassed 9 billion yuan (approximately USD 1.24 billion). Nezha 2 has grossed over 3 billion yuan, making it the highest-grossing film of the year so far. Additionally, China's total box office for 2025 has overtaken North America's, reaffirming its position as the world's largest film market. 4o
01/26
2025 Sun.
AutoFlight announced that it has obtained a production certificate for its V2000CG unmanned aerial system from the Civil Aviation Administration of China (CAAC) East China Regional Administration on December 24, 2024. Notably, this marks the world’s first production certificate issued for a 2-ton-class eVTOL (electric vertical take-off and landing) aircraft. With this certification, AutoFlight is set to accelerate mass production, secure individual aircraft certifications, and enhance deliveries and after-sales services, further advancing its position in the eVTOL industry.
According to Shanghai Customs, the Yangtze River Delta region achieved a record-high trade volume in 2024, with total imports and exports reaching 16.01 trillion yuan, a year-on-year increase of 5.6%. This accounted for 36.5% of China’s total trade value. Exports from the region totaled 9.95 trillion yuan, representing 39.1% of the national export value and growing 8.2% year-on-year. Imports reached 6.06 trillion yuan, making up 32.9% of the national total and rising 1.5% compared to 2023.
01/22
2025 Wed.
Morgan Stanley announced on January 22 that its wholly-owned subsidiary, Morgan Stanley Futures (China), has officially begun operations, focusing on commodity futures brokerage within China. Based in Beijing, the company initially offers brokerage services for commodity futures listed on the Dalian Commodity Exchange, Shanghai Futures Exchange, Shanghai International Energy Exchange, and Zhengzhou Commodity Exchange. Looking ahead, Morgan Stanley Futures plans to expand its scope by applying for membership in the China Financial Futures Exchange. Once approved, it aims to offer brokerage services for equity and fixed-income financial futures and options. The launch marks a significant milestone in Morgan Stanley’s expansion in China's financial markets.
01/20
2025 Mon.
AliExpress, Alibaba’s cross-border e-commerce platform, has announced plans to extend its local currency payment options in Africa. Following the introduction of mobile payment systems like M-Pesa in Kenya and Opay and Verve bank cards in Nigeria last year, the platform will further expand its payment services in February. The expansion will cover additional countries including Egypt, Algeria, Morocco, Ethiopia, Tanzania, South Africa, and Uganda, broadening its reach across the continent. Over the past year, AliExpress has continued to invest in Africa, with rapid delivery options for countries like Kenya, Nigeria, and Morocco, where orders can be delivered in as little as 10 days. Additionally, AliExpress has set up national showrooms in countries such as Ethiopia, allowing wholesale customers to visit, browse products, and place orders in person. The platform has also formed close partnerships with African telecom and payment operators to offer customized e-commerce solutions tailored to the region's needs.
Shanghai Zhaozhen Real Estate Co., Ltd. has been established with a registered capital of 3 billion yuan. The company, led by legal representative Qi Yanlong, will focus on real estate development, interior decoration, brokerage, and housing rentals. The new venture is a joint effort between Shanghai Hongrun Real Estate, a subsidiary of China Merchants Shekou, and Suzhou Tengmao Real Estate, a unit of Jinmao Holdings, reinforcing both companies' positions in China’s real estate market. On December 30, a consortium of Tengmao and Hongrun secured a land plot in Baoshan, Shanghai, with a 2.929-billion-yuan bid,
01/07
2025 Tue.
Tencent publicly rejects its inclusion on the U.S. Department of Defense's list of companies allegedly linked to China’s military, calling the designation a mistake. The social media and gaming giant emphasizes that it has no connections to China’s military or defense-related industries. The company states that the designation, which is unrelated to U.S. sanctions or export controls, pertains solely to defense procurement and will not affect its business operations. Tencent announces plans to initiate a formal review process to correct the record and address the issue.
01/06
2025 Mon.
XPeng Motors and Volkswagen Group China have announced a strategic collaboration to enhance ultra-fast charging infrastructure. Through a newly signed Memorandum of Understanding (MOU), the two companies will share access to their proprietary ultra-fast charging networks. The partnership enables XPeng and Volkswagen EV owners to tap into a network of over 20,000 charging terminals across 420 cities in China. Additionally, the companies will jointly develop co-branded ultra-fast charging stations, accelerating infrastructure growth and improving charging accessibility for EV users nationwide.
The rapid development of the low-altitude economy has significantly increased demand for skilled professionals in fields such as piloting, drone operation, and drone development. Industry estimates reveal a talent gap of one million drone operators alone, driven by new roles emerging in this sector. Yang Jincai, President of the Shenzhen Drone Industry Association, emphasized the high demand for drone operators across sectors like agriculture, inspections, mapping, and emergency response. Future demand for eVTOL operators is also expected to rise sharply.
01/05
2025 Sun.
Geely Holding Group CEO Li Donghui announced that the company expects to have sold approximately 3.32 million vehicles in 2024, marking a 21% year-on-year increase. Of this total, over 1.48 million are projected to be new energy vehicles (NEVs). Looking ahead to 2027, Geely aims to exceed 5 million annual vehicle sales, positioning itself as a leader in the electric and intelligent vehicle transformation. The company is also focused on building a competitive, differentiated green and smart mobility ecosystem to drive sustainable growth.
