China’s CATL partners with Alibaba’s Ant to make robotaxis, in challenge Waymo and Tesla · TechNode

Chinese battery giant CATL has partnered with Alibaba’s fintech arm Ant Group, as well as bike-sharing platform Hellobike, to make autonomous ride-hailing vehicles, according to an announcement published on Monday, placing them in direct competition with early movers such as Waymo and Baidu. Hellobike, which counts Ant as its largest shareholder with a 36% stake,…

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Hong Kong’s crop of green bonds, ESG funds flourishes under mainland China’s climate push

Hong Kong was responsible for nearly half of the green bonds issued in Asia in 2024 and saw a surge in sustainability-related funds, as strong demand from regional mainland governments and start-ups raised the city’s stature as a finance hub for climate-friendly projects, according to a minister. Green bond issuance in Hong Kong last year…

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UBTECH plans Middle East mega factory after $1 billion Infini Capital deal · TechNode

Chinese tech firm UBTECH Robotics announced Monday that it had signed a $1 billion strategic financing agreement with global investment firm Infini Capital. Under the agreement, Infini Capital’s high-tech fund will provide UBTECH with rapid financing channels by subscribing to newly issued shares and convertible bonds, and by granting cash withdrawal rights. The two parties…

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Youdao expands beyond education with AI-powered products

Youdao CEO Zhou Feng delivers a keynote speech at the company“s product launch ceremony. [Photo provided to chinadaily.com.cn] Youdao, the online education arm of Chinese tech firm NetEase, is widening its business horizons with artificial intelligence, rolling out new products that go beyond its core education segment as demand surges in cross-border e-commerce and short…

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New war memorials honor sacrifices home, abroad

China has released its fourth list of newly designated memorial facilities and historical sites to commemorate victory in the Chinese People“s War of Resistance Against Japanese Aggression (1931-45), while also honoring the contributions of overseas Chinese and international anti-fascist forces, officials said on Sunday. On Friday, authorities released the list of 34 national-level memorial facilities…

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Country’s green drive offers lessons for urbanization globally

Employees use a drone to maneuver photovoltaic panels for installation on the roof of a coal shed in Ma“anshan, Anhui province, on May 5. ZHANG MINGWEI/FOR CHINA DAILY China’s rapid advancements in sustainable urban development offer valuable lessons for other rapidly urbanizing regions, particularly Southeast Asia and Africa, and even developed countries seeking to enhance their…

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Coal freight corridor hits new milestone

A train loaded with thermal coal departs Hudong Railway Station in Datong, Shanxi province, on Thursday. CHINADAILY A 20,000-metric-ton heavy-haul train, No 73003, loaded with thermal coal, departed from Hudong Railway Station in Datong, Shanxi province, at 9:50 am on Thursday, marking a new milestone in freight volume for a single railway line globally. So…

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China Coast Guard patrols waters around Huangyan Island

BEIJING – The China Coast Guard (CCG) conducted law enforcement patrols in the territorial waters off China“s Huangyan Island and surrounding areas on Friday. In a statement, the CCG said it has intensified law enforcement patrols in the territorial waters off Huangyan Island and surrounding areas since the beginning of August, carrying out tracking, warning,…

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Travel agency launches immersive dining in Shanghai

Travel agency Trip.com Group has unveiled an immersive 90-minute dining experience that blends cuisine, digital storytelling and live performances. [Photo by He Qi/chinadaily.com.cn] Travel agency Trip.com Group has unveiled „Taste of China“, an immersive 90-minute dining experience which blends cuisine, digital storytelling and live performances. The initiative targets deeper culinary heritage exploration amid booming cross-border…

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Leading Chinese humanoid robot maker UBTech gets US$1 billion boost from Infini Capital

UBTech Robotics, a leading Chinese manufacturer of factory robots, has secured a credit line of up to US$1 billion from a Hong Kong investment firm to finance its production expansion, including a joint venture in the Middle East. The Hong Kong-listed company said in an exchange filing on Sunday it would receive funding from Infini…

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