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Suning gets another bailout

Chinaโ€™s embattled retail giant Suning.com is getting a RMB 5 billion ($685 million) lifeline from state-backed Citic Trust and China Huarong Asset Management to help turn its business around, reports Caixin. Citic Trust and China Huarong will invest the funds in Suning over 10 years to help revive the once-highflying retailer, according to Citic Trust,…
Citic Group Citic Trust China Huarong Asset Management China Huarong

Intelligent Asian Games demonstrates China's vitality in innovation

On a big screen of the cable intelligent monitoring center at the Asian Games Village, a 3D digital twin model of the Villages underground utility tunnel was displayed in real time. Since this year...
Ma Quan China Mobile Ningbo Xiangshan Sailing Center China Textile City Sports Centre Gymnasium Ningbo Artificial Intelligence Supercomputing Center Huanglong Sports Center

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