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  • 💡 From Tariffs to Tech: Alibaba's Billion-Dollar Bet, Visa-Free Boom, Micron's Mega Move 📈

💡 From Tariffs to Tech: Alibaba's Billion-Dollar Bet, Visa-Free Boom, Micron's Mega Move 📈

This Week in China: Key Updates and Insights


Welcome to this week’s edition! We've sifted through hundreds of sources to bring you the latest business and tech insights on China in under 5 minutes.

Four of the five biggest producers in 2023 were China-based companies, up from just two in the prior year, according to a BloombergNEF report released Wednesday. Goldwind Science & Technology Co. retained the top spot, while Envision Energy Co. took second place from Vestas Wind Systems A/S. General Electric Co. and Siemens Gamesa were pushed out of the top five.

World’s Largest Wind Turbine Suppliers in 2023

China will lift anti-dumping and anti-subsidy tariffs on Australian wine from March 29, the Chinese commerce ministry said on Thursday, ending three years of punitive levies and offering long-awaited relief to Australian wine producers.

Micron Technology Inc., America’s largest memory-chip maker, Thursday kicked off construction of a new semiconductor packaging and testing plant in Xi’an, northwest China’s Shaanxi province, eyeing production to begin in the second half of 2025.

Foreigners made 2.95 million trips to and from China in January and February, more than double the amount in the previous two-month period. Tourism ministry official notes uptick in visitors from countries covered by new visa rules, including France, Germany, Spain, Malaysia and Singapore.

Lululemon and Nike are seeing significant revenue growth in China, fueled by an increasing interest in sports and wellness trends, particularly among Gen Z.

Vinda International Holdings said that Singapore's Royal Golden Eagle, owned by Indonesian billionaire Sukanto Tanoto, has bought an 83.5 percent stake in the major Chinese tissue maker and will later fully acquire and privatize it.

China’s Alibaba Group will invest USD 1.1 billion over the next three years to create a logistics network in South Korea, aiming to take on local e-commerce giant Coupang by leveraging low prices and speedy deliveries.

Southeast Asia’s largest car producer and exporter, Thailand has also become a strategic location for Chinese automakers wishing to diversify their operations and reduce geopolitical risks.

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