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On June 11, panoramic and action camera company Insta360 went public on China’s STAR (Science and Technology Innovation Board) Market, becoming the seventh company to list on the board in 2025. The IPO marks the company’s transition from a startup to a global tech firm nearly a decade after its founding, and unlocks new capital…

US President Donald Trump has promised to impose hefty import taxes on pharmaceuticals, a category of products he has largely spared in his trade war. For decades, in fact, imported medicine has mostly been allowed to enter the United States duty free. That is starting to change. US and European leaders recently detailed a trade…

Apple’s official website now supports China’s national consumer subsidy program for the first time. According to the promotional page, selected products are eligible for up to RMB 2,000 ($279) in Chinese government subsidies. Consumers purchasing selected iPhone, iPad, or Apple Watch models can enjoy an additional 15% off the final price, capped at RMB 500…

Venezuelan President Nicolas Maduro on Monday said he “would constitutionally declare a republic in arms” if the South American country were attacked by forces that the United States government has deployed to the Caribbean. His comments during a news conference come as the US government this week is set to boost its maritime force in…

Alibaba Group has merged its food delivery platform Ele.me and travel unit Fliggy into its China e-commerce division as part of a shift from a traditional e-commerce model to a broader consumer services platform, CEO Eddie Wu said in a June 23 internal email. The units will retain independent operations but align strategically under e-commerce…

A visitor (right) experiences a massage treatment conducted by an intelligent robot at a health maintenance store in Qinhuangdao, Hebei province, on June 18. CAO JIANXIONG/FOR CHINA DAILY China is overhauling its pricing law after nearly three decades, a critical revision aimed at curbing cutthroat price wars, algorithm discrimination and other unfair market practices in the…

Guatemala is ready and willing to receive some 150 unaccompanied minors per week of all ages from the United States, President Bernardo Arevalo said on Monday, a day after a US federal judge halted the deportation of 10 Guatemalan children. US President Donald Trump’s administration said in a court filing on Monday that the 10…

China has rolled out new tax reporting rules for internet platforms in a move to boost transparency and enforcement. The regulations, which took effect June 23, require platforms to submit quarterly reports to tax authorities on the identity and income of sellers and workers, including livestreamers, online shop owners and content creators. The first reports…

A strong push on Monday to create a development bank serving 10 Eurasian countries, including China, would help insulate the group from increasingly risky US dollar-dominated trade while accelerating key infrastructure work, according to analysts. Such a concessional lender – part of an idea that has long been put on hold – would serve China,…

Starbucks has responded to rumours of a potential stake sale in its China operations after reports resurfaced that the American coffee giant is looking for buyers for its business in the country. “We see significant long-term potential in the market and are evaluating the best ways to capture the future growth opportunities,” the company said…