Yicai 第一财经
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English-language version of Shanghai-based business and financial media outlet Yicai. 中国财经全媒体第一财经英文品牌一财全球的官方账号
The Bank of Japan today raised its benchmark interest rate by 25 basis points to 0.75%, the highest in 30 years, after a two-day policy meeting. This was Japan’s first rate hike since January.
December 19, 2025 at 3:44 AM
The Bank of Japan today raised its benchmark interest rate by 25 basis points to 0.75%, the highest in 30 years, after a two-day policy meeting. This was Japan’s first rate hike since January.
One man was arrested in connection with a major robbery that took place at a money exchange shop in Hong Kong yesterday, allegedly stealing about JPY1 billion (USD6.4 million), local police said. Four suspects fled the scene, with no workers injured.
December 19, 2025 at 2:38 AM
One man was arrested in connection with a major robbery that took place at a money exchange shop in Hong Kong yesterday, allegedly stealing about JPY1 billion (USD6.4 million), local police said. Four suspects fled the scene, with no workers injured.
Shanghai’s foreign trade rose 5.7% to CNY4.1 trillion (USD582 billion) in the first 11 months of this year from a year earlier, higher than the 3.7% national average, customs data showed yesterday. Exports jumped 11.2% to CNY1.83 trillion, while imports increased 1.6% to CNY2.27 trillion.
December 19, 2025 at 2:30 AM
Shanghai’s foreign trade rose 5.7% to CNY4.1 trillion (USD582 billion) in the first 11 months of this year from a year earlier, higher than the 3.7% national average, customs data showed yesterday. Exports jumped 11.2% to CNY1.83 trillion, while imports increased 1.6% to CNY2.27 trillion.
Tingyi, operator of China's largest instant noodle maker Master Kong, announced its CEO Chen Yingrang will retire and be succeeded by Wei Hongcheng, the youngest son of the firm's founder Wei Yingzhou, effective next year.
December 19, 2025 at 2:23 AM
Tingyi, operator of China's largest instant noodle maker Master Kong, announced its CEO Chen Yingrang will retire and be succeeded by Wei Hongcheng, the youngest son of the firm's founder Wei Yingzhou, effective next year.
The first CIIE U Fair kicked off in Shanghai today, gathering 700 companies from over 60 countries and regions at the three-day event. Consumers can buy products that were displayed for the first time at this year's #CIIE, which ended last month.
December 19, 2025 at 1:49 AM
The first CIIE U Fair kicked off in Shanghai today, gathering 700 companies from over 60 countries and regions at the three-day event. Consumers can buy products that were displayed for the first time at this year's #CIIE, which ended last month.
Lv Pin, who took the role of chairman at QuantumCTek in May, died at 46 yesterday, the quantum communication products maker said, noting that he did not hold any shares in the firm. The cause of the death has not been disclosed yet.
December 19, 2025 at 1:47 AM
Lv Pin, who took the role of chairman at QuantumCTek in May, died at 46 yesterday, the quantum communication products maker said, noting that he did not hold any shares in the firm. The cause of the death has not been disclosed yet.
Chinese Self-Driving Van Startup Rino.ai Closes Third Round, Raises Over USD100 Million in 2025 www.yicaiglobal.com/news/chinese...
December 18, 2025 at 11:33 AM
Chinese Self-Driving Van Startup Rino.ai Closes Third Round, Raises Over USD100 Million in 2025 www.yicaiglobal.com/news/chinese...
China's lottery sales fell 0.2% to CNY52.6 billion (USD7.5 billion) last month from a year earlier, but the figure still rose 1.7% to CNY575.6 billion (USD81.7 billion) in the first 11 months of this year from a year ago, the Ministry of Finance said today.
December 18, 2025 at 7:11 AM
China's lottery sales fell 0.2% to CNY52.6 billion (USD7.5 billion) last month from a year earlier, but the figure still rose 1.7% to CNY575.6 billion (USD81.7 billion) in the first 11 months of this year from a year ago, the Ministry of Finance said today.
CATL and Dongfeng Motor's EV brand Voyah signed a 10-year agreement yesterday, covering new technologies, product supply, brand collaboration, and overseas expansion to jointly advance high-end and smart EV development.
December 18, 2025 at 2:45 AM
CATL and Dongfeng Motor's EV brand Voyah signed a 10-year agreement yesterday, covering new technologies, product supply, brand collaboration, and overseas expansion to jointly advance high-end and smart EV development.
China's general public budget revenue climbed 0.8% to CNY20.05 trillion (USD2.85 trillion) in the first 11 months of the year from a year ago, the Ministry of Finance said yesterday. Budget spending rose 1.4% to CNY24.85 trillion (USD3.52 trillion) over the period.
December 18, 2025 at 2:35 AM
China's general public budget revenue climbed 0.8% to CNY20.05 trillion (USD2.85 trillion) in the first 11 months of the year from a year ago, the Ministry of Finance said yesterday. Budget spending rose 1.4% to CNY24.85 trillion (USD3.52 trillion) over the period.
Mixue Hollywood, the first US store of the Chinese milk tea and ice cream chain Mixue Bingcheng, started trial operation in Los Angeles recently, offering a USD3.99 limited-time beverage and ice cream combo on food delivery platforms.
December 18, 2025 at 2:09 AM
Mixue Hollywood, the first US store of the Chinese milk tea and ice cream chain Mixue Bingcheng, started trial operation in Los Angeles recently, offering a USD3.99 limited-time beverage and ice cream combo on food delivery platforms.
OpenAI announced yesterday that it would ally with American Journalism Project and The Lenfest Institute for Journalism to launch OpenAI Academy for news organizations, making it a hub for journalists, editors, and publishers using AI.
December 18, 2025 at 1:48 AM
OpenAI announced yesterday that it would ally with American Journalism Project and The Lenfest Institute for Journalism to launch OpenAI Academy for news organizations, making it a hub for journalists, editors, and publishers using AI.
Chinese e-commerce platforms that require merchants to offer their lowest prices on their own sites may be abusing market dominance or engaging in monopolistic behavior, Xinhua reported today, citing new guidelines recently released by China's market watchdog.
December 17, 2025 at 8:31 AM
Chinese e-commerce platforms that require merchants to offer their lowest prices on their own sites may be abusing market dominance or engaging in monopolistic behavior, Xinhua reported today, citing new guidelines recently released by China's market watchdog.
China’s Luckin Coffee is weighing a bid for Nestlé’s Blue Bottle Coffee to expand into the premium segment, Bloomberg reported yesterday, citing sources. Luckin and its backer Centurium Capital are also assessing other acquisition targets, including Arabica coffee stores in China.
December 17, 2025 at 8:08 AM
China’s Luckin Coffee is weighing a bid for Nestlé’s Blue Bottle Coffee to expand into the premium segment, Bloomberg reported yesterday, citing sources. Luckin and its backer Centurium Capital are also assessing other acquisition targets, including Arabica coffee stores in China.
A building in China's Shenzhen has installed several smart restroom doors that turn transparent when cigarette smoke is detected, SZTV News reported. The smart sensor system has drawn netizen discussion for its creative approach to smoke control.
December 17, 2025 at 2:45 AM
A building in China's Shenzhen has installed several smart restroom doors that turn transparent when cigarette smoke is detected, SZTV News reported. The smart sensor system has drawn netizen discussion for its creative approach to smoke control.
Maextro, a luxury NEV brand co-developed by Huawei and JAC Motors, saw its 10,000th Maextro S800 roll off the production line yesterday, around 200 days after launching. Chinese martial artist and actor Jet Li became the owner of the milestone vehicle.
December 17, 2025 at 2:30 AM
Maextro, a luxury NEV brand co-developed by Huawei and JAC Motors, saw its 10,000th Maextro S800 roll off the production line yesterday, around 200 days after launching. Chinese martial artist and actor Jet Li became the owner of the milestone vehicle.
Mannings, Hong Kong's largest health and beauty products chain store, will shut its online channels in the Chinese mainland by late this month and close all of its physical stores by Jan. 15. The firm entered the market in 2004 and once ran over 120 outlets.
December 17, 2025 at 2:24 AM
Mannings, Hong Kong's largest health and beauty products chain store, will shut its online channels in the Chinese mainland by late this month and close all of its physical stores by Jan. 15. The firm entered the market in 2004 and once ran over 120 outlets.
Hainan will officially begin island-wide independent customs operation tomorrow, according to the local government. The measure makes the Hainan Free Trade Port a testing ground for China's broader efforts to expand its opening-up policy.
December 17, 2025 at 1:56 AM
Hainan will officially begin island-wide independent customs operation tomorrow, according to the local government. The measure makes the Hainan Free Trade Port a testing ground for China's broader efforts to expand its opening-up policy.
Alphabet and Waymo declined to comment on reports that Waymo, Google's autonomous driving unit, is seeking a new fundraiser worth at least USD10 billion in early next year to push its valuation to over USD100 billion.
December 17, 2025 at 1:54 AM
Alphabet and Waymo declined to comment on reports that Waymo, Google's autonomous driving unit, is seeking a new fundraiser worth at least USD10 billion in early next year to push its valuation to over USD100 billion.
#Exclusive: AMD’s Chair and CEO Lisa Su today led a senior executive team to visit Lenovo Group’s global HQ in Beijing. Accompanied by several Lenovo executives, they toured the Chinese PC maker’s latest products and technologies, including humanoid robots.
December 16, 2025 at 8:08 AM
#Exclusive: AMD’s Chair and CEO Lisa Su today led a senior executive team to visit Lenovo Group’s global HQ in Beijing. Accompanied by several Lenovo executives, they toured the Chinese PC maker’s latest products and technologies, including humanoid robots.
The Chinese mainland remained Singapore’s largest source of visitors this year, with arrivals totaling 2.93 million in the first 11 months, according to data from the Singapore Tourism Board released yesterday. In November, arrivals from the Chinese mainland rose 17% to 203,530 from a year earlier.
December 16, 2025 at 4:17 AM
The Chinese mainland remained Singapore’s largest source of visitors this year, with arrivals totaling 2.93 million in the first 11 months, according to data from the Singapore Tourism Board released yesterday. In November, arrivals from the Chinese mainland rose 17% to 203,530 from a year earlier.
US vacuum cleaner pioneer iRobot said yesterday the Roomba brand owner has filed for bankruptcy and will be acquired by its secured lender and key supplier Shenzhen Picea Robotics, as it struggles amid rising competition from Chinese rivals.
December 16, 2025 at 2:21 AM
US vacuum cleaner pioneer iRobot said yesterday the Roomba brand owner has filed for bankruptcy and will be acquired by its secured lender and key supplier Shenzhen Picea Robotics, as it struggles amid rising competition from Chinese rivals.
Avatar: Fire and Ash's presale box office exceeded CNY40 million (USD5.7 million) in the Chinese mainland as of 2.57 a.m. today, according to film ticketing platform Beacon Pro. The third installment of James Cameron's sci-fi action epic will be released on Dec. 19.
December 16, 2025 at 1:49 AM
Avatar: Fire and Ash's presale box office exceeded CNY40 million (USD5.7 million) in the Chinese mainland as of 2.57 a.m. today, according to film ticketing platform Beacon Pro. The third installment of James Cameron's sci-fi action epic will be released on Dec. 19.
XPeng said today it has allied with Malaysia’s EP Manufacturing Berhad to localize production in Malacca, with mass production to start next year. This is the Chinese EV maker’s third such overseas project and its second in the Asia-Pacific region.
December 15, 2025 at 8:00 AM
XPeng said today it has allied with Malaysia’s EP Manufacturing Berhad to localize production in Malacca, with mass production to start next year. This is the Chinese EV maker’s third such overseas project and its second in the Asia-Pacific region.
Ticket presales for the first day of the Harbin Ice-Snow World, the world's largest ice-and-snow theme park, surged 2.8 times from a year ago, according to travel platform Trip.Com. The park, spanning record 1.2 million square meters, will open to the public on Dec. 17.
December 15, 2025 at 7:43 AM
Ticket presales for the first day of the Harbin Ice-Snow World, the world's largest ice-and-snow theme park, surged 2.8 times from a year ago, according to travel platform Trip.Com. The park, spanning record 1.2 million square meters, will open to the public on Dec. 17.