China's Hainan Free Trade Port will expand its list of zero-tariff goods for next month, adding 297 new items, including unroasted coffee, ethylene, and machine parts, the Ministry of Finance, the General Administration of Customs, and the State Taxation Administration announced yesterday.

The mergers and acquisitions of the semiconductor sector have added another member. Fingerprint recognition chip manufacturer Goodix Technology Co., Ltd. (603160.HK) SH) recently announced that it intends to purchase the control of Yunyinggu Technology Co., Ltd. (hereinafter referred to as "Yunyinggu"). Trading in Goodix's shares will be suspended from November 25 and is expected to last no ...

(Yicai) Feb. 26 -- Zong Qinghou, the founder and chairman of bottled-water giant Wahaha Group, has died at the age of 79, ending a life of entrepreneurial success as he was named China's richest person three times. Zong died from an undisclosed illness as medical treatment turned out ineffective, the Hangzhou-based rival of Nongfu Spring announced yesterday. Born in 1945, Zong was one of the ...

(Yicai) Sept. 26 -- Yulong Petrochemical’s new complex has begun operations in Shandong province, the cradle of China’s many so-called teapot refineries, marking a significant step in consolidating these small, privately-owned businesses into a large and cost-efficient facility. Part of the first phase of the Yulong Island Refinery and …

At present, the high-purity crystalline silicon production capacity of Yongxiang Co., Ltd., a subsidiary of Tongwei Co., Ltd., exceeds 900,000 tons, and Daqo Energy has formed an annual polysilicon production capacity of 305,000 tons, with a total production capacity of more than 1.2 million tons. On the evening of December 24, Tongwei (600438. SH), Daqo Energy (688303. In order to actively ...

(Yicai) Oct. 23 -- “Drones are the key to digital agriculture,” Gong Jiaqin, co-founder of Chinese agricultural drone maker XAG said in an interview with Yicai. One day farmers will be able to attend to their crops remotely, he said, adding that all the necessary information will be available on their cellphones. As well as drones, Guangzhou-based XAG …

Dec 23, 2024 · Under the "anti-involution" initiative of the photovoltaic industry, some projects of central enterprises have recently won bids at low prices, which has attracted attention in the industry. Late at night on December 22, the official Weibo of the "China Photovoltaic Industry Association CPIA" (hereinafter referred to as the "Association") released an article titled "Shimmer and Persistence ...

(Yicai Global) Dec. 30 -- Red Bull China said a court in Guangdong province has ruled that it has the right to exclusively produce and sell Red Bull brand beverages in China, rekindling a dispute with Thailand TCP Group in litigation over their cooperation deal, which has been unresolved since 2016. According to yesterday’s statement, the …

(Yicai) April 3 -- General Electric Aerospace will not change its investment strategy in China after its spin-off listing on the New York Stock Exchange, according to the global vice president and China president of the US aircraft engine manufacturer. GE Aerospace will continue to increase investment in China to enhance its capability to serve Chinese airlines, focusing on …

(Yicai) May 28 -- The scope of China's third so-called Big Fund, recently set up to invest in the country's semiconductor industry, will be broader than the first two, with more companies across various sectors likely to receive support, according to industry insiders. Big Fund III’s investment scope will include traditional equity investment and asset management and extend to venture ...