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Rachel Cheung

Staff Writer

rachel.cheung@thewire.media

Articles

China’s Ozempic Test

Novo Nordisk, the maker of Ozempic, has enjoyed a China boom in recent years, commanding 77 percent of the market. But that kind of dominance isn’t likely to last, and Novo Nordisk’s challengers in China — both domestic and foreign — represent significant shifts in...

Chinese Battery Makers Get Solid Support

Braving the frigid cold of the Chinese winter last December, William Li, chief executive of Chinese automaker NIO, drove for 14 hours from Shanghai to the southern eastern city of Xiamen, allowing viewers to watch him via a livestream on the company’s app. His aim?...

The Clash of Constellations

In 2021, Beijing announced Guowang, its answer to SpaceX’s Starlink. But with very few updates about the project — apart from disciplinary inspections — it seems Guowang could be stalling. China’s space industry, however, is still racing ahead thanks to the surprising flood of private...

Status Symbol

For much of the past two decades, Europe's luxury market has counted on the ferocious appetite of Chinese consumers to bolster its bottom line. But foreign luxury brands are facing a reckoning in China. Not only is China’s economy entering a more uncertain phase, giving consumers pause,...