Program description: China Business Uncovered takes listeners inside China's business world through the eyes of reporters who investigate it firsthand. Featuring open conversations with Caixin journalists, each episode breaks down the most complex developments inside Chinese companies. Tune in to understand how critical stories are covered, what's really happening beneath the surface, and why it matters for businesses and investors operating in and around China. Recorded in Mandarin and produced in English with the help of AI, China Business Uncovered brings Caixin's in-depth investigative reporting to a global audience. Episode intro: For years, Vanke was seen as one of the best-run developers in China's real estate sector. So, when liquidity pressure began to build around the company, it jolted the market. In this episode, host Han Wei speaks with Caixin senior reporter Chen Bo about her investigative reporting on Vanke's crisis — from mounting debt pressure and state-backed rescue efforts to the complex off-balance-sheet funding network that grew around former president Zhu Jiusheng during the boom years. More importantly, through Vanke, they explore the deeper reckoning underway in China's property market: the sector's biggest risks this year, what tools policymakers still have left, and why many in the industry believe a true market bottom remains elusive. Timestamps: (2:47) From model property developer to liquidity crunch (07:12) Vanke's vast "shadow" financing network (16:12) Who is Zhu Jiusheng? (20:51) Shenzhen's shifting rescue stance (24:03) What Vanke tells us about China's property crisis (27:32) Is China's housing market really bottoming out? (32:19) Reading the latest policy signals This episode of China Business Uncovered was based on this Caixin Global story: In Depth: The Vast Funding Network Outside Vanke Produced by Kelsey Cheng and Du Bohan. Subscribe now to unlock full access to Caixin Global and The Wall Street Journal for $200 a year. Group discounts are available — contact us for a customized plan.

Program description: Darers and Doers, a special segment of China Business Uncovered, showcases groundbreaking innovations from China and features company founders and CEOs who are turning cool, bold ideas into reality. Produced by Caixin Global.  Episode intro: Cancer treatment has long relied on a largely fixed set of options: surgery, radiation, chemotherapy and targeted drugs. But a new generation of biotech founders is trying to push the field toward something more precise — treatments built around the biology of a single patient. In this debut episode of Darers & Doers, Likang Life Sciences Founder and CEO Chen Li explains how his Beijing-based biotech startup is using artificial intelligence to develop personalized mRNA cancer vaccines.  Chen's entrepreneurial journey began with the cancer diagnosis of his mother, who later became his company's first patient. Ten years on, Likang's product, LK101, is already being used on patients in South China's Hainan province under a pilot policy, has won FDA approval, and is now advancing toward international clinical development. Speaking with Caixin Global Managing Director Li Xin, Chen discusses how his approach aims to overcome the limits of current immunotherapy, how he sees the race between biotech startups and pharmaceutical giants, and why China's biotech boom matters to the rest of the world. Chapters: (01:41) Why current cancer treatments aren't enough (04:44) Likang Life Science's approach and success (07:19) A founder's personal mission (10:56) Rethinking cancer treatment for solid tumors (16:06) The race between startups and big players  (21:09) From China lab to FDA approval (24:04) Real world clinical application and scaling up (26:45) Why China's biotech boom matters globally This episode of Darers & Doers was recorded in Mandarin and produced in English with the help of AI. Producers: Kelsey Cheng and Qing Na Read more on Caixin Global: Cover Story: Chinese Pharma Turns to Global Deals to Cure Capital Crunch China Aims to Tame Cancer Gene Test Pricing With Bulk-Buying Plan Subscribe now to unlock full access to Caixin Global and The Wall Street Journal for $200 a year. Group discounts are available — contact us for a customized plan.  

Program description: China Business Uncovered takes listeners inside China's business world through the eyes of reporters who investigate it firsthand. Featuring open conversations with Caixin journalists, each episode breaks down the most complex developments inside Chinese companies. Tune in to understand how critical stories are covered, what's really happening beneath the surface, and why it matters for businesses and investors operating in and around China.  Recorded in Mandarin and produced in English with the help of AI, China Business Uncovered brings Caixin's in-depth investigative reporting to a global audience. Episode intro: With humble beginnings as a textile factory in Shandong, Ruyi dreamed of becoming China's version of LVMH. In this episode of China Business Uncovered, host Kelsey Cheng speaks with reporter Yue Yue about how the company's debt-fueled shopping spree backfired. Chapters: (01:41) From textile mill to "China's LVMH" (06:52) Ruyi's worldwide shopping spree (09:21) Where did Ruyi's money come from (13:15) The 1 euro transfer scandal (18:22) Asset freezes and the larger lesson This episode of China Business Uncovered was recorded in Mandarin and produced in English with the help of AI. Based on this story: In Depth: How Ruyi's 'LVMH of China' Dream Unraveled Subscribe now to unlock full access to Caixin Global and The Wall Street Journal for $200 a year. Group discounts are available — contact us for a customized plan.      

Program description: China Business Uncovered takes listeners inside China's business world through the eyes of reporters who investigate it firsthand. Featuring open conversations with Caixin journalists, each episode breaks down the most complex developments inside Chinese companies. Tune in to understand how critical stories are covered, what's really happening beneath the surface, and why it matters for businesses and investors operating in and around China. Recorded in Mandarin and produced in English with the help of AI, China Business Uncovered brings Caixin's in-depth investigative reporting to a global audience. Episode intro: Across e-commerce, EVs and mining, Brazil is having a Chinese moment. In this episode, Caixin Global Managing Director Li Xin speaks with reporter Zhao Xuan about how this investment wave is affecting Brazil's local economy and whether the long-promised "country of the future" is finally arriving. Chapters: (01:49): Which Chinese companies are expanding in Brazil? (04:58): Why China and Brazil fit together economically (06:55): How Chinese firms localize (12:18): Chinese carmakers move in (14:41): The battle for Brazil's market (21:40): Is Brazil ready for the AI boom? Read more about Chinese businesses in Brazil: Cover Story: How China Inc. Is Discovering Its New World in Brazil In Depth: How BYD Is Navigating Tariffs and Regulations in Brazil's Auto Market In Depth: How a Chinese Mining Giant Learned to Win in Brazil Subscribe now to unlock full access to Caixin Global and The Wall Street Journal for $200 a year. Group discounts are available — contact us for a customized plan.        

Program description: China Business Uncovered takes listeners inside China's business world through the eyes of reporters who investigate it firsthand.  Featuring open conversations with Caixin journalists, each episode breaks down the most complex developments inside Chinese companies. Tune in to understand how critical stories are covered, what's really happening beneath the surface, and why it matters for businesses and investors operating in and around China. Recorded in Mandarin and produced in English with the help of AI, China Business Uncovered brings Caixin's in-depth investigative reporting to a global audience. Episode intro: A Chinese tycoon's mysterious rise in Cambodia, and behind him, an alleged scam network that ensnared victims in China and the U.S. In this debut episode of China Business Uncovered, host Kelsey Cheng speaks with Caixin reporter Tang Ailin to unpack the sudden fall of Chen Zhi, his empire Prince Holding Group, and the seizure of $15 billion in bitcoin. (01:32) Why Chen's fall caught the world's attention (05:06) Chen's early life in China and his connection to a hacker group (08:12) Arriving in Cambodia and a mysterious $2 million loan (17:27) Pig-butchering schemes, romance scam scripts and money laundering services (23:36) A chilling portrait of Chen Zhi (27:05) Caixin's exclusive findings This episode is based on this Caixin story: Cover Story: Six Things to Know About the Fall of Cambodia's Cybercrime Kingpin Chen Zhi Subscribe now to unlock full access to Caixin Global and The Wall Street Journal for $200 a year. Group discounts are available — contact us for a customized plan.    

After investing in a Dalian meat company, a consortium of investors discovered their money had vanished, only to face obstacles from local authorities. (00:00:58) The Cross-Border Investor's Nightmare Scenario (00:01:54) The $15.4 Million Bet on a Pork Empire (00:02:22) When the Lights Went Out: Filings Halt and Capital Vanishes (00:03:15) Bankruptcy Restructuring — Or a Shell Game? (00:04:04) A Zombie Company: Factory Alive, Equity Dead   Note: The conversation segment of this episode was generated using AI and has been edited for accuracy. It is based on this Caixin story: In Depth: How a $15 Million Chinese Pork Deal Turned Into a Cautionary Tale for Foreign Investors Subscribe now to unlock all coverage from Caixin Global and The Wall Street Journal for just $200 a year, enjoying a 66% discount. Group discounts are available — contact us for a customized plan.    

Culture-and-tourism investment companies emerge as a new financing channel for localities, but diverted funds and undistinctive projects leave many operating like LGFVs and facing the same financial pressures. Note: The conversation segment of this episode was generated using AI and has been edited for accuracy. It is based on this Caixin story: In Depth: Chinese Local Governments Risk Replicating Mistakes of LGFVs Subscribe now to unlock all coverage from Caixin Global and The Wall Street Journal for just $200 a year, enjoying a 66% discount.  Group discounts are available — contact us for a customized plan.

Tighter rules proposed by the Nasdaq are expected to send some would-be issuers searching for more welcoming markets in London or Hong Kong. Note: The conversation segment of this episode was generated using AI and has been edited for accuracy. It is based on this Caixin story: In Depth: Chinese Firms Face Shifting Global IPO Landscape Subscribe now to unlock all coverage from Caixin Global and The Wall Street Journal for just $200 a year, enjoying a 66% discount.  Group discounts are available — contact us for a customized plan.

Nio shares slump in Singapore and Hong Kong after a Caixin report detailing GIC allegations. Note: The conversation segment of this episode was generated using AI and has been edited for accuracy. It is based on this Caixin story: In Depth: Why Singapore Sovereign Fund Sues Chinese EV-Maker Nio Subscribe now to unlock all coverage from Caixin Global and The Wall Street Journal for just $200 a year, enjoying a 66% discount.  Group discounts are available — contact us for a customized plan.  

Chinese investment is reshaping Malaysia, from booming flights to factory floors, as trade shifts and visa-free travel deepen business ties between Beijing and Kuala Lumpur. Note: The conversation segment of this episode was generated using AI and has been edited for accuracy. It is based on this Caixin story: In Depth: Visa-Free Travel, U.S. Tariffs Drive Chinese Companies to Malaysia Subscribe now to unlock all coverage from Caixin Global and The Wall Street Journal for just $200 a year, enjoying a 66% discount.  Group discounts are available — contact us for a customized plan.