Internet search giant Baidu Inc's net profit dropped more than 60 percent year-on-year despite beating analysts' revenue expectations as tough competition from rivals Tencent Holdings Ltd and Beijing Bytedance Technology Co Ltd for smartphone-savvy consumers and advertisers to their popular mini-video and social media apps weighed on its results.
Chinese online video streaming platform iQiyi Inc is continuing to see strong growth in its membership services as it witnessed 100.5 million subscribers in the second quarter of 2019.
MINNEAPOLIS, United States - US pork farmers are increasingly worried that their longtime efforts to secure a foothold in China are vaporizing, due to continued trade disputes between the world's two largest economies.
MINNEAPOLIS, United States - For Jamie Beyer, president of the Minnesota Soybean Growers Association, and those in the US soybean farming industry, life was far from easy over the past year.
Zhang Zixuan, 27, a middle school teacher in Beijing, loves reading romantic books on her mobile phone app - WeChat Read. She has downloaded 15 books, and usually reads for one hour each day through the app.
A leading construction company has said it will contribute more to high-quality infrastructure development by speeding up technology innovation and strategic transformation.
Pole To Win International Inc, an industry-leading provider of video games and tech solutions, is ramping up efforts to offer improved services to Chinese clients with an eye on the promising China games market, the company's CEO said.
SHANGHAI - Foreign investors have increased their investments in Shanghai, giving a solid vote of confidence to China's market potential and further opening-up despite a background of global economic uncertainties.
Zhongrui Funing Robotics Co Ltd (FN Robotics), a Shenyang, Liaoning-based unit of Zhongrui Funing Holding Group, China's leading intelligent service robots company, has announced the release of the nation's first ophthalmic robot for sensitive eye surgeries, putting China's medical robotics industry on a par with Western counterparts.
Demand for frozen food continues to grow in China as young urbanites have little time to cook complicated cuisines, due to hectic lifestyles and work-and life-related pressures, industry experts said.
Chinese consumers are expected to contribute 41 percent to the global luxury goods market by 2025, up 8 percentage points from last year, as more young consumers are willing to pay for exclusive products amid the country's consumption upgrading and digital marketing boom, experts said.
Gold consumption in China reached 523.54 metric tons during the first half of 2019, down 3.27 percent year-on-year, against the backdrop of China closing down outdated production facilities and optimizing its industrial structure, according to the China Gold Association.
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Raymond Zhou
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Chen Weihua
