This summer, a young Chinese biotech company made a big purchase. BeiGene, which is headquartered in both Beijing and Cambridge, announced its plans for a new 42-acre research and development campus in Hopewell, NJ, about seven miles west of Princeton University. The company, which specializes in anti-cancer treatments and already has a presence in Ridgefield Park, NJ, said the new space would allow it to recruit hundreds of new hires from the area’s “deep talent pool” as well as sharpen its focus on the U.S. market.
“BeiGene continues to grow and as a key part of that growth we are making a significant investment in the United States that will expand our current capabilities,” Michael Garvey, global head of technical operations at BeiGene, said in a statement.
Indeed, BeiGene has global ambitions. Since becoming one of the first biotech companies founded in China to be listed on the Nasdaq in April of 2016, it went on to raise $902 million for a dual-listing on the Hon
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Brands have long relied on social auditing companies to monitor their supply chains in China. But between the industry’s own flaws and a changing political environment in China, many say these reports aren't reliable. With the Uyghur Forced Labor Prevention Act now going into effect, this lack of trust in the industry leaves many global companies — and those hoping to hold them accountable — in a tricky spot.
A key figure in the Trump administration, the former reporter and Marine talks about the reality of the Chinese Communist Party's ambitions, the value of concrete actions vs. rhetoric, how Xi was flummoxed by Trump,...