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China’s Innovent Biologics signs US$10.5 billion Pfizer deal for 12 cancer drug trials

China’s Innovent Biologics has signed a global collaboration with pharmaceutical giant Pfizer worth up to US$10.5 billion to jointly develop 12 cancer treatment programmes. The Hong Kong-listed drug maker said it would receive an upfront payment of US$650 million from Pfizer, and it is eligible for up to US$9.85 billion tied to development, regulatory and commercial milestone payments, according to an exchange filing on Friday. Innovent, which is based in Suzhou in China’s eastern Jiangsu...

South China Morning Post 12d ago

Europe Is Edging Closer to a Trade War With China. Here’s Why.

Chinese-made electric vehicles awaiting export at the port in Hangzhou, eastern China, in May.

NYT World 12d ago

Europe Is Edging Closer to a Trade War With China. Here’s Why.

Chinese-made electric vehicles awaiting export at the port in Hangzhou, eastern China, in May.

NYT Business 12d ago

Europe Is Edging Closer to a Trade War With China. Here’s Why.

Chinese-made electric vehicles awaiting export at the port in Hangzhou, eastern China, in May.

New York Times 12d ago

From fried chicken to flight plans: Alibaba wants Qwen to become China’s digital fixer

From fried chicken to flight plans: Alibaba wants Qwen to become China’s digital fixer As Tencent prepares a rival WeChat agent, Alibaba is moving quickly to turn Qwen from a chatbot into a digital concierge for everyday life The company announced on Wednesday that it was opening Qwen’s ecosystem to third-party partners’ agents. Fast-food giant KFC, tech-driven coffee chain Luckin Coffee, beverage chain Mixue Group and China Eastern Airlines are among the first companies to test their...

South China Morning Post 7d ago

‘Save her first’: China expectant mum relinquishes surgery room slot to bleeding pregnant woman

A pregnant woman in eastern China gave up her prepared operating room to save another expectant mother suffering massive bleeding. A video of the emergency “life-and-death relay” in Weifang, Shandong province, has gone viral on mainland social media. According to People’s Daily, the story unfolded at Weifang People’s Hospital, where an unnamed expectant mother was waiting in the operating room fully prepared for surgery.

South China Morning Post 12d ago

China Crude Buying Seen Languishing for Months as Demand Tumbles

An oil tanker is docked unloading crude oil at the port in Qingdao, in China's eastern Shandong province, on April 7, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Bloomberg Markets 5d ago

China grandma, 74, gains online fame for fashion sense, youthful spirit, inspires with confidence

A “girlish grandma” from eastern China is taking the internet by storm with her dazzling white hair, colourful outfits and fearless confidence. Yingzi, 74, from Shanghai, has more than two million online followers and often dances or poses on city streets in heels. Her videos have reportedly racked up over 100 million views at their peak.

South China Morning Post 3d ago

China woman dances with eye patch and mask after losing partial jaw, vision in one eye to cancer

China woman dances with eye patch and mask after losing partial jaw, vision in one eye to cancer Brave dancer with a dream who was brought up by a single mother overcomes falls and pain, takes to stage with determination A 24-year-old Chinese woman keeps managing to shine on stage despite wearing a patch and a mask after she lost an eye and her left upper jaw to cancer. Han Yifei, from eastern China’s Jiangsu province, has moved many people online and garnered over 7,000 followers on a...

South China Morning Post 5d ago

Chinese carmakers BYD, Chery chart 80% growth overseas as EV demand spikes

Leading Chinese carmakers like BYD and Chery Automobile are reaping rewards from their efforts to boost sales abroad, as they chase higher profitability amid rising demand for electric vehicles (EVs). Chery, which spearheaded the go-global drive among mainland China’s automotive groups and is the country’s largest car exporter, delivered three times as many cars overseas as at home last month. The state-owned company, based in eastern China’s Anhui province, handed 181,571 vehicles to...

South China Morning Post 6d ago