Shenzhen, often referred to as China’s tech capital, has become a hub for freelancers due to its thriving economy and numerous international opportunities. The city offers flexibility for expats, allowing them to work remotely while enjoying the benefits of a dynamic urban lifestyle. Freelancers, such as software developers and content creators, find numerous projects here, … Read more
China’s booming tech industry makes it a global leader in innovation. At the center of this growth is Shenzhen, a dynamic city known for startups, tech giants, and coworking spaces. For foreigners looking to start a business in China, Shenzhen offers a range of resources, international opportunities, and supportive communities that facilitate growth and success. … Read more
Finding the right area to work is essential for foreigners and business owners moving to China. As the nation’s technology hub, Shenzhen attracts creators, contractors, and remote professionals, offering numerous opportunities in a thriving and innovative environment. Coworking spaces across Shenzhen are expanding rapidly, offering affordable office solutions for professionals. Beyond cost savings, they build … Read more
Alibaba has announced one of the largest technology investments in China’s history: a $53 billion commitment to artificial intelligence (AI). The Alibaba $53 billion AI investment signals the company’s determination to position itself as the driving force behind China’s AI revolution. Additionally, the Alibaba $53 billion AI investment aims to compete head-to-head with global leaders in … Read more
Shenzhen-based robotics innovator UBTECH has secured a strategic financing agreement worth US$1 billion with global investment firm Infini Capital. This partnership in humanoid robotics investment marks a major step forward in funding the company’s next phase of growth in humanoid robotics and smart manufacturing. US$1 Billion Credit Facility for R&D and Industrial Expansion The agreement, … Read more
The recent surge in direct flights between China and Canada marks a significant step towards easing air travel demand and improving connectivity between the two nations. The deal between aviation regulators has led to the resumption of regular direct flights from Toronto and Vancouver to Beijing, Guangzhou, Shanghai, and Shenzhen. The first flight under the … Read more
As former US President Donald Trump campaigns for a potential second term, manufacturers in China’s eastern manufacturing hub, Yiwu, are witnessing a surge in demand for Trump-themed merchandise. Despite the trade tensions that marked his previous term, which included tariffs on Chinese goods, Trump’s 2024 bid has sparked a wave of orders from US retailers … Read more
China’s leading chip foundry, Semiconductor Manufacturing International Corp (SMIC), reported record-breaking third-quarter revenue, driven by robust domestic demand for “legacy chips.” SMIC’s Q3 revenue reached US$2.17 billion, a 34% increase year-over-year, marking the first time the Shanghai-based company has surpassed US$2 billion in quarterly revenue. Net profit surged by 58.3% to US$148.8 million. SMIC’s continued … Read more
Alibaba Group Holding is reducing its metaverse operations, becoming the latest major tech player to re-evaluate its commitment to the sector. According to sources, dozens of employees from Alibaba’s metaverse unit, Yuanjing, have been laid off as part of a restructuring process aimed at boosting organizational efficiency. Yuanjing, which operates in Shanghai and Hangzhou, previously … Read more
Apple sees iPhone 16 prices slashed by up to 1,600 yuan (US$225) at its online store on Alibaba Group Holding’s Tmall platform, as the US tech giant looks to boost sales on Singles’ Day, the world’s biggest shopping festival, amid stiff competition in China.Under its Singles’ Day promotion, Apple’s Tmall store started offering a 500-yuan … Read more