South China Morning Post - Companies

Wuxi AppTec, Asia’s largest provider of contract pharmaceutical research, posted net income that smashed market expectations in the first half of the year amid strong demand tied to weight-loss and diabetes drugs, as well as gains in its US business. Interim net profit attributable to the owners of the Shanghai-based drug contractor advanced 33.7 per cent to 11.08 billion yuan (...

Major consumer goods multinationals – including Coca-Cola and Unilever – have reported strong sales growth in China during the first half of the year, indicating continued opportunities in the world’s second-largest consumer market despite headwinds. The revenue figures disclosed in corporate exchange filings marked a sharp contrast with sluggish overall domestic consumption dat...

Chinese e-commerce giant JD.com has launched an smart helmet for food couriers with features enabled by artificial intelligence technology, following similar roll-outs by rivals Alibaba Group Holding and Meituan as they seek to improve rider safety and boost delivery efficiency. The helmet integrates an AI-driven voice assistant with a camera that can “see” the surrounding envir...

On a cloudy evening in late April, a tech event hosted at Beijing’s National Convention Centre by Contemporary Amperex Technology Ltd (CATL) drew nearly 1,000 people eager for a glimpse of next-generation electric vehicle (EV) batteries that could reshape the global automotive landscape. Gao Huan, chief technology officer for the auto business at CATL, the world’s largest produc...

The bearish sentiment surrounding China’s electric vehicle (EV) sector has intensified after three premium carmakers reported weak sales for July, further heightening concerns that the market is heading for another brutal price war. EV makers Xpeng, Nio and Li Auto all reported month-on-month sales declines last month, as demand for intelligent cars weakened amid an economic slo...