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Shanghai Dairy

China Flights to Japan Canceled

中国飞往日本的航班被取消

2025-11-25 浏览


All flights on 12 China-Japan routes were canceled by Monday, Shanghai TV reported. The reduction reflects soured relations between Beijing and Toyko, spurred by comments about Taiwan from Japanese Prime Minister Sanae Takaichi that Chinese Foreign Minister Wang Yi said "crossed a red line." Mainland travel to Japan has been discouraged. China's Foreign Ministry said on Monday that Japan's plans to deploy offensive weapons near Taiwan is an "extremely dangerous" development.  
来源: Shanghai Daily  



WeRide Narrows Loss on Robotaxi Gains

文远知行(WeRide)因 Robotaxi 业务增长而缩小亏损

2025-11-25 浏览


Chinese autonomous driving company WeRide narrowed its loss in the third quarter to 307 million yuan (US$43 million) from 1 billion yuan a year earlier on a 144 percent surge in revenue to 171 million yuan. The Nasdaq-listed company said revenue from its robotaxi business surged 7.6-fold to 35 million yuan. The company began trading on the Hong Kong exchange earlier this month after a HK$2.4 billion (US$308 million) IPO. WeRide, which started as a ride-hailing company in China, said it operates a fleet of 1,600 self-driving vehicles, including 750 robotaxis. It operates driverless commercial services in Beijing, Guangzhou and Hong Kong, and holds robotaxi licenses for startup operations in eight countries, including Saudi Arabia, Singapore, Dubai and Switzerland.  
来源: Shanghai Daily  



MSCI China Index Reshuffles Constituent Members

MSCI 中国指数调整成分股

2025-11-25 浏览


MSCI China Index added 26 companies and removed 20 under a reshuffle that reflects shifting investor demand toward higher-value manufacturing and technology sectors Beijing has prioritized for growth. Nine Hong Kong-listed firms, including Zijin Gold International, GF Securities, Ganfeng Lithium, and UBTech Robotics were added, along with mainland listed companies that include Hua Hong Semiconductor, Shengyi Electronics and Everwin Precision. Removals included Hong Kong-listed Beijing Enterprises Water and China Resources Pharmaceutical, and 16 mainland shares.

Separately, the Hong Kong stock exchange announced Chinese biotech company Innovent Biologics will be added to the Hang Seng index next month, expanding the benchmark index to 89 constituent members. Other Chinese mainland companies on the blue-chip Hang Seng include Alibaba, Tencent, BYD, Geely and Semiconductor Manufacturing.
 
来源: Shanghai Daily  



Cop30 Summit: a Cop-Out on Global Warming?

COP30 峰会:在全球变暖问题上再度“开溜”吗?

2025-11-24 浏览


The UN COP30 climate summit ended in Brazil with environmentalists and scientists calling it a cop-out. The compromise final agreement acknowledged global warming but omitted any mention of fossil fuels that scientists say are the major contributor. The accord did agree that rich nations should triple financing to help poorer countries that aren't big polluters but are vulnerable to the effects of global warming, though past pledges haven't always been honored. The agreement also sets up a tropical forest fund to address concerns like deforestation of the Amazon but shied away from more direct action on the issue. The summit's conclusion was disappointment for the 80 or so nations pushing for a more specific timetable to rein in greenhouse gases and phase out fossil fuels, and a win for big oil producing nations. Commenting on the disunity, UN Climate Change Executive Secretary Simon Steill said, "I'm not saying we're winning the climate fight. But we are undeniably still in it, and we are fighting back."

The US shunned the summit amid President Donald Trump's stated belief that climate warming is a hoax. At the Group of 20 summit in South Africa this weekend, which Trump didn't attend, leaders of the world's biggest economies issued a joint statement strengthening their commitment to the robust 2016 Paris Climate Accords, which Trump pulled out of.
 
来源: Shanghai Daily  



China Begins Satellite IoT Commercial Trials

中国启动卫星物联网商业化试验

2025-11-24 浏览


China on Saturday launched commercial pilot trials for satellite-based Internet of Things (IoT) services, marking a significant step in the country's push to accelerate next-generation communications infrastructure. The Ministry of Industry and Information Technology said the trial is aimed at allowing qualified companies to legally operate satellite IoT services connecting large numbers of devices on land, sea and air, enabling data collection and transmission in areas underserved by terrestrial networks. Potential applications include fisheries, logistics, energy, emergency response, low-altitude aviation and industrial Internet operations.  
来源: Shanghai Daily  



Meituan Makes Inroads in Middle East

美团在中东取得进展

2025-11-24 浏览


Beijing-based Meituan, China's largest food delivery services, is rapidly expanding in the Middle East, with overseas platform Keeta now operating in 20 cities in Saudi Arabia since starting business there in September. The company is also expanding food-delivery services in Kuwait and Dubai, leveraging its deep experience in the sector and technology innovations. Meituan has announced it will release third-quarter earnings on November 28.  
来源: Shanghai Daily  



What AI Bubble? Nvidia Beats Forecasts on Earnings

什么 AI 泡沫?英伟达盈利超预期

2025-11-20 浏览


Chipmaking giant Nvidia, the world's most valuable listed company, topped market expectations with third-quarter earnings showing a 62 percent increase in revenue to US$57 billion and net income surging 65 percent to US$31.9 billion. It forecast fourth-quarter earnings of US$65 billion, well above analysts' predictions. The widely watched results are expected to quell, at least for now, concerns about the stability of big tech's headlong dive into spending on artificial technology.

Nvidia chips are used by all the leading AI companies to develop new models and technologies. Sales to data centers surged two-thirds to US$51 billion, with the bulk of those sales in "compute" chips, the company's graphic processing units. Nvidia said its best-selling product is the new Blackwell Ultra chip. "Blackwell sales are off the charts, and cloud GPUs are sold out," said Chief Executive Officer Jensen Huang. "AI is going everywhere, doing everything, all at once." Nvidia shares have declined in recent trading amid concerns about an AI bubble that has sent stock valuations far ahead of short-term earnings potential. In off-hours trading in New York after the results were announced, Nvidia shares rose 3 percent, and other big tech stocks, including Oracle, Alphabet and AMD, also climbed.
 
来源: Shanghai Daily  



China Suspends Japanese Seafood Imports

中国暂停进口日本海产品

2025-11-20 浏览


China has suspended all imports of Japanese seafood, claiming Japan failed to provide promised technical data regarding its management of Fukushima nuclear wastewater. The move reverses a partial lifting of the ban in June. China's Ministry of Foreign Affairs said even if exports resumed, strong public anger in China over Japanese Prime Minister Sanae Takaichi's "reckless" Taiwan remarks would eliminate any market demand. The escalating dispute is also impacting travel. Data from Flight Manager show a decline in tourists travelling from the Chinese mainland to Japan.  
来源: Shanghai Daily  



Alibaba Upgrades AI Chatbot

阿里巴巴升级其人工智能聊天机器人

2025-11-20 浏览


Chinese tech giant Alibaba launched a major upgrade to its AI chatbot this week, pushing more aggressively into the consumer market for artificial intelligence, Reuters reported. The new free app is based on the company's most advanced version of its Qwen large language model. It's available free both on the mobile application and on the website in China, with a global version to come later. The Qwen app has entered public beta testing and is being billed by the company as "the best personal AI assistant with the most powerful model." Alibaba has somewhat lagged behind rivals in developing ChatGPT-style consumer apps and faces competition from rivals such as DeepSeek and ByteDance's Doubao and Tencent.  
来源: Shanghai Daily  



Alphabet Says No One Immune if AI Bubble Pops

Alphabet称:若AI泡沫破裂,没人能幸免

2025-11-19 浏览


The boss of Google parent Alphabet told the BBC that if the bubble in artificial intelligences bursts, no company in the industry will escape unscathed. Chief Executive Sundar Pichai described the growth of AI as an "extraordinary moment," while admitting that investment in the sector contains a degree of "irrationality." His comments come in a week when AI-related stocks are retreating, amid fears they are overvalued when compared with their short-term profit potential. The big tech companies have been pouring huge sums into AI technologies and forming a complicated web of industry deals, many involving significant debt. Alphabet alone has doubled investment in AI to US$90 billion. Its shares have doubled in value in seven months to US$3.5 trillion. Can Alphabet weather a bubble puncture? "I think no company is going to be immune, including us," Pichai said.  
来源: Shanghai Daily  



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