First round of coke price increase

Unpacking Japanese E-commerce：The Overlooked 120 Million Consumers

Japan is a demanding but high-value market. Chinese sellers are growing fast, yet success requires more than low prices—clear manuals, strong quality, 24/7 service, and trust. Consumption is polarizing, and aging buyers remain active. Long-term branding and localization are key.

Alibaba (阿里巴巴) and Tencent (腾讯) Earnings Reports Signal AI Expansion; Platform Enterprises Accelerate Global Layout

On May 13, Alibaba (阿里巴巴) and Tencent Holdings (腾讯控股) released their latest financial reports, with computing power and AI expansion becoming the primary focus of market attention. Simultaneously, JD.com (京东) and Pinduoduo (拼多多) are accelerating brand expansion in the cross-border e-commerce sector, while Meituan's (美团) international food delivery business continues to progress.

SF Holding (顺丰控股) Releases 2026-2028 Three-Year Strategy: Anchoring Globalization and Digitization to Achieve Global Performance Leap by 2028

On May 12, SF Holding (顺丰控股) officially announced its strategic roadmap for the next three years at its annual shareholders' meeting.

China's April CPI Rises Moderately to 1.2%; PPI Surges Significantly Driven by International Commodities and Computing Power Demand

On May 11, the National Bureau of Statistics of China released data showing that in April 2026, the national Consumer Price Index (CPI) rose by 1.2% year-on-year, an increase of 0.2 percentage points from the previous month, with the month-on-month figure turning from a decline to a rise. The moderate recovery of the CPI was primarily driven by the dual impact of surging energy prices and an explosion in travel demand during holidays.

Himalaya Turns to Hong Kong for IPO

On September 14, after withdrawing the IPO application on US SEC, China's online audio platform Himalaya submitted an IPO prospectus to the Hong Kong Stock Exchange. The underwriters are Goldman Sachs, Morgan Stanley and CICC.