While Alice Weidel is surprisingly quiet in Germany about the fact that she lived in China, speaks Chinese and wrote her doctoral thesis on the Chinese pension system, this is precisely why she enjoys a career of her own in the People’s Republic – as an internet star and darling of the state media.
There, the election frontrunner for the far-right AfD is praised for her supposedly positive stance towards the People’s Republic and how she combines the “wisdom of East and West.” There is even manga fan art of her circulating on social networks. Many also see Weidel as the embodiment of the “Iron Lady” – a determined, uncompromising politician. Meanwhile, her popularity enables young Chinese people in particular to engage in controversial discussions about politics – something that would quickly get them into trouble if it were about their own politicians.
In today’s issue, we shed light on this bizarre and even disturbing phenomenon for you – because the hype about Weidel says a lot about contemporary China and about what people dare and dare not say.
In China, 阿丽丝-魏德尔 (Ālìsī Wèidé’ěr) is a star. “My uncle called me the other day and excitedly asked if she would be Germany’s new chancellor,” says a Chinese IT student in Berlin, who does not want her name to be published and wants to be called Maxine Zhou here. “She perfectly fits the nationalistic and strict image of a politician, which is one of the favorite types of conservative Chinese.” In fact, the election frontrunner for the far-right AfD is often called 铁娘子 (tieniangzi) “Iron Lady” in China. However, this term is used excessively – even Angela Merkel is sometimes referred to in this way. “I think there is a fascination with the ‘Iron Lady’ in China because this type of woman was always praised in communist propaganda,” says Maxine Zhou.
A search for Alice Weidel’s name in the Chinese search engine Baidu returns countless hits. A random test shows: All articles are positive – with a tendency to gush. “With her resolute political stance, outstanding rhetorical skills and unique personal charm, she has won the support of many voters,” praises the military publication of China.com, a state-associated news portal. “Who is currently the most popular female politician in European politics?” asks a Chinese-language online publication called 51.Canada. The website is aimed at Canada’s large Chinese community, which is also a popular immigration destination for Chinese politicians and officials. “Without a doubt, it is the German politician Alice Weidel. (…) Her charismatic and outspoken personality, as well as her background of having lived in China, have immediately earned her numerous fans in China.”
Alice Weidel speaks surprisingly rarely about her connection with China. According to media reports, she spent six years in the country. She worked in Shanghai and the Hong Kong Special Administrative Region for companies such as Goldman Sachs, Credit Suisse and Allianz. Her press office did not respond to a corresponding inquiry. She reportedly also speaks good Chinese. Her doctoral thesis was on the “Pension System of the People’s Republic of China.” Subtitle: Reform options from a regulatory theory perspective to increase risk resistance. The thesis was awarded “magna cum laude” in 2011. Plagiarism hunters were unable to prove any serious violations. All of this should make Weidel a China expert in the public eye, or at least in the AfD’s PR efforts. But it seems that the decision has been made to make little mention of this connection.
A delegation trip to China in the summer of 2023 was deliberately not labeled as a “return” but as an “excellent first step.” It was said that Weidel was just one of many Western politicians hoping for good relations with China, nothing more. She wants her official China policy to be seen as realistic. This means: No excessive dependence, but also not too much mistrust – especially not in a broadly ideological sense, as in the US.
But why is Weidel so tight-lipped about her time in China? Is she worried that this could be politically disadvantageous for her – especially in light of the recent scandal involving the AfD’s MEP Maximilian Krah? Is she worried that her past as a member of a cosmopolitan business elite might not resonate well with AfD voters or party members?
The fact is Weidel’s time in China is a big issue for her Chinese supporters. “Weidel’s unique background and political stance make her a strong contender for German chancellor,” reads a news article on Tencent. “More importantly, she has lived in China for six years.” Her experience in China is Weidel’s unique advantage, as she developed a profound understanding of the Chinese economic model there, the article continues. This perspective “laid the foundation for her later rise in German politics.”
Learning from China, a foundation for Weidel’s success. This line of argument can be found in many articles. Weidel has triggered hype in China, writes a commentator named Bi Dianlong, who has 86,000 followers. Weidel is aware “that the fundamental cause of the current economic recession in Germany is the ‘decoupling’ from China. Only by continuing to cooperate with China can the economies of Germany and Europe be saved.”
It is a hope that can be found in many articles: That a politician has finally stepped onto the political stage who stands for close relations with China. Bi Dianlong writes: “The West needs pragmatic politicians like Weidel who act in the interests of their countries.” Or in that of China. “The Chinese media tends to praise politicians who have a connection to China, who appear to be pro-China and critical of the West,” says a journalist working in state media who spoke to Table.Briefings about the phenomenon, but wishes to remain anonymous. “Many people are swayed by one-sided media reports and the labels attributed to her, which leads to blind sympathy for her.”
Many authors explicitly praise Weidel’s “pragmatic” political stances. “The Internet in China is a brown soup,” says Maxine Zhou. In a country where censorship is omnipresent, people prefer to discuss international political figures. “Chinese people actually really enjoy talking about politics,” says Maxine Zhou. “As this is difficult in China, they just talk about foreign politicians.” And this is probably one of the reasons for the fascination with the blonde German politician. Here it is allowed to discuss, speculate and even openly express controversial opinions. Weidel is much better known than comparable international politicians such as Giorgia Meloni or Marine Le Pen. One reason for this is probably that she is considered very attractive in China.
Many authors believe Weidel has a good chance of becoming chancellor. Comments under the articles and opinion pieces accompany this enthusiastically: “Support Weidel. I hope she can bring some sunshine and fresh air to the lifeless German political scene, just as her beauty brings a breath of fresh air.” Another wrote: “I hope she gets elected. With the experiences she gained in China, she will govern Germany with efficiency and decisiveness for the benefit of mankind.”
There are also numerous AfD and Alice Weidel accounts on video platforms such as Bilibili, which are not official AfD channels, but often repost their content. On Xiaohongshu, also known as RedNote in English, enthusiasm for Weidel is most noticeable, with the fan culture sometimes taking on grotesque forms. There are slideshows with childhood photos and snapshots with Weidel’s wife Sarah Bossard. Her sexual orientation is generally nothing that would disqualify her in the eyes of Chinese users. At least in the eyes of younger social media users. Weidel’s sexuality is very rarely mentioned in official articles.
One particularly obscure account from Shaanxi province posts manga drawings of Weidel and Höcke and self-made dolls that are supposed to represent Weidel. Not everyone is that obsessive, of course. But Weidel is a familiar name to the Chinese, especially the young ones. It’s a bit like German youths discussing upheavals and appointments within the Chinese politburo on TikTok – which is actually hard to imagine.
However, China’s social media channels certainly contain a lot of criticism of Weidel and the AfD. “Some Chinese should not be brainwashed into thinking Weidel is pro-Chinese just because she lived in China for a few years,” wrote user Momo on February 9 in a discussion on Xiaohongshu about the German migration-heavy election campaign. Thomas Derksen, alias 阿福Thomas, probably the best-known German influencer in China, also felt compelled by Weidel’s popularity to join the discussion – even though he otherwise explicitly describes himself as non-political. In a Q&A video, he draws attention to Weidel’s grandfather Hans Weidel, who was a military judge and member of the Nazi-SS during the Third Reich. It could be seen as a warning of what could still come.
Sinolytics is a research-based business consultancy entirely focused on China. It advises European companies on their strategic orientation and specific business activities in the People’s Republic.
China was one of over 60 countries to sign a non-binding declaration at the international AI summit in Paris. According to the declaration, the goal is to ensure that artificial intelligence is used in an international framework that is “open, inclusive, transparent, ethical, safe, secure and trustworthy” and sustainable for people and the planet.
In the run-up to the summit, China’s delegate Zhang Guoqing announced that China was willing to work with other countries to promote AI development and ensure its safety. His country wants to “share achievements in the field of artificial intelligence,” said the special representative of President Xi Jinping, according to the Chinese news agency Xinhua.
US Vice President Vance indirectly criticized China during a speech to heads of state and government. “From CCTV to 5G equipment, we’re all familiar with cheap tech in the marketplace that’s been heavily subsidized and exported by authoritarian regimes,” said Vance. Without explicitly naming China, the US politician warned against partnering with authoritarian regimes. “Partnering with them means chaining your nation to an authoritarian master that seeks to infiltrate, dig in and seize your information infrastructure.” Countries that did not sign the summit declaration included the US and the UK.
The AI Action Summit in Paris is the third in a series of international AI summits that began with the Bletchley Park Summit in the UK in November 2023 and continued with the Seoul AI Summit in South Korea in May 2024. lp/rtr
The majority of German companies operating in China plan to maintain their ties with the Chinese economy. This is the result of a new study. According to the survey conducted by the German Economic Institute (IW) on behalf of the Epico think tank, around 150 of the 1,028 German companies surveyed increasingly sourced inputs from China that are indispensable for the production process and cannot be sufficiently replaced in the short term.
Only 21.8 percent of companies dependent on China have actively taken steps to better monitor their supply chains. In total, around 460 of the companies were dependent on foreign inputs. Only 9.4 percent of them have already reduced their intermediate input from China, with a further 13.9 percent planning to do so in the future. According to the study authors, larger companies with strong ties to China tend to prefer to maintain or even deepen their links with China than smaller companies.
Regarding the German economy as a whole, the study estimates the country’s dependence on China to be “less extensive than often assumed.” However, it notes a high level of dependency on the import side, particularly for individual product groups such as raw materials, chemical products and electronics. One problem companies frequently mention is the costs associated with diversification and other resilience measures: 65.3 percent of companies doing business in China consider these to be very costly.
From an industrial policy perspective, the study states that dependencies in technologically less critical areas, such as solar modules, are more acceptable. For technologically more demanding products such as electric cars, wind turbines and electrolyzers for green hydrogen production, it would make sense to maintain or create a competitive production base in the EU. lp
A failed bill to curb US investments in China will be reintroduced to Congress. This was confirmed by the Chairman of the China Committee in the House of Representatives, John Moolenaar. The Republican described the legal restriction of foreign investment in the People’s Republic as a top priority.
“We were very close to getting outbound investment legislation through in the last few weeks of the last Congress. It’s going to be reintroduced, and we’re going to work very hard to move that forward,” he said at an event in Washington. He emphasized that the implementation would require “a lot of political will.”
Moolenaar added that the bill’s failure to pass into law last year was not due to opposition from billionaire Elon Musk. Musk, who has extensive business operations in China, helped form online opposition to the government’s funding bill last year, which would have included the investment restrictions. The passage was eventually removed from the bill, although it is unclear whether Musk specifically opposed it. rtr
The European Union has finalized the anti-dumping duties on Chinese biodiesel imports. The final duties range between 10 and 35.6 percent and are slightly lower than the provisional duties of between 12.8 and 36.4 percent. These had entered into force last summer. The Brussels authority published the final duties in its Official Journal on Monday evening.
According to the EU Commission, the decision was based on an investigation into complaints from European biofuel producers. The companies subject to the ten percent duty include ECO Biochemical Technology and EcoCeres Limited. Three companies from the Jiaao Group (Zhejiang EastRiver Energy S&T, Zhejiang Jiaao Enproenergy and Jiaao International Trading) received the maximum rate of 35.6 percent. Other companies were given 23.4 percent and 21.7 percent, according to the Brussels authority’s publication.
The background to the complaints is the illegal use of palm oil, which is used in biodiesel from China. This palm oil is shipped from Indonesia and Malaysia to the Chinese island of Hainan, where it is simply relabeled. Huge quantities of trees are cut down in South East Asia to produce palm oil. ari
According to insiders, the Chinese battery manufacturer CATL plans to raise at least five billion dollars with an IPO in Hong Kong. The company, which is already listed in Shenzhen, China, could apply for the additional listing as early as Wednesday, two people familiar with the matter told Reuters news agency. The transaction would be the largest IPO in Hong Kong since 2021 when TikTok’s competitor Kuaishou raised 6.2 billion dollars.
In recent years, the Hong Kong Stock Exchange has suffered from volatile markets and stricter regulations from the Chinese authorities. It seeks to attract so-called secondary listings of Chinese stock corporations. CATL would not only open up new liquidity sources in the Chinese offshore financial center of Hong Kong, but could also prepare itself for an escalating trade conflict between China and the US. CATL has already been placed on a list of companies accused of cooperating with the Chinese military along with other Chinese tech companies.
CATL holds a market share of almost 50 percent for EV batteries in China and, with a market capitalization of around 190 billion euros, is also one of the largest international players in the sector. The company also supplies German manufacturers and has plans for a mega battery plant in Spain in partnership with Stellantis for 4.1 billion euros. rtr
Forest Liu has been Senior Vice President Asia Pacific at ARRI since January. Liu has been working for the Munich-based film technology manufacturer in China for over four years. In his previous role as Managing Director, he had driven the development of ARRI’s first direct business in China. He will continue to be based in Beijing.
Matthias Roth has been Specialist GEN6 China at the Dräxlmaier Group since February. Roth has been working for the Bavarian automotive supplier in China since 2015, with only a few interruptions. Most recently, he was responsible for the smooth running of the supply chains, among other things. He will continue to be based in Shenyang in the province of Liaoning.
Is something changing in your organization? Let us know at heads@table.media!
Asia pays a visit to tigers: The mascots Binbin (滨滨) and Nini (妮妮) accompany the Winter Asian Games in Harbin these days. Until February 14, over 1,200 athletes will be competing for medals in the competitions in northern China. Xi Jinping personally opened the Winter Games a few days ago, Binbin and Nini walked in together with the Chinese delegation. On social media, they steal the show from many athletes. Their namesakes – two genuine Siberian tigers from Harbin’s zoo – are certainly not as cuddly as the two of them.
While Alice Weidel is surprisingly quiet in Germany about the fact that she lived in China, speaks Chinese and wrote her doctoral thesis on the Chinese pension system, this is precisely why she enjoys a career of her own in the People’s Republic – as an internet star and darling of the state media.
There, the election frontrunner for the far-right AfD is praised for her supposedly positive stance towards the People’s Republic and how she combines the “wisdom of East and West.” There is even manga fan art of her circulating on social networks. Many also see Weidel as the embodiment of the “Iron Lady” – a determined, uncompromising politician. Meanwhile, her popularity enables young Chinese people in particular to engage in controversial discussions about politics – something that would quickly get them into trouble if it were about their own politicians.
In today’s issue, we shed light on this bizarre and even disturbing phenomenon for you – because the hype about Weidel says a lot about contemporary China and about what people dare and dare not say.
In China, 阿丽丝-魏德尔 (Ālìsī Wèidé’ěr) is a star. “My uncle called me the other day and excitedly asked if she would be Germany’s new chancellor,” says a Chinese IT student in Berlin, who does not want her name to be published and wants to be called Maxine Zhou here. “She perfectly fits the nationalistic and strict image of a politician, which is one of the favorite types of conservative Chinese.” In fact, the election frontrunner for the far-right AfD is often called 铁娘子 (tieniangzi) “Iron Lady” in China. However, this term is used excessively – even Angela Merkel is sometimes referred to in this way. “I think there is a fascination with the ‘Iron Lady’ in China because this type of woman was always praised in communist propaganda,” says Maxine Zhou.
A search for Alice Weidel’s name in the Chinese search engine Baidu returns countless hits. A random test shows: All articles are positive – with a tendency to gush. “With her resolute political stance, outstanding rhetorical skills and unique personal charm, she has won the support of many voters,” praises the military publication of China.com, a state-associated news portal. “Who is currently the most popular female politician in European politics?” asks a Chinese-language online publication called 51.Canada. The website is aimed at Canada’s large Chinese community, which is also a popular immigration destination for Chinese politicians and officials. “Without a doubt, it is the German politician Alice Weidel. (…) Her charismatic and outspoken personality, as well as her background of having lived in China, have immediately earned her numerous fans in China.”
Alice Weidel speaks surprisingly rarely about her connection with China. According to media reports, she spent six years in the country. She worked in Shanghai and the Hong Kong Special Administrative Region for companies such as Goldman Sachs, Credit Suisse and Allianz. Her press office did not respond to a corresponding inquiry. She reportedly also speaks good Chinese. Her doctoral thesis was on the “Pension System of the People’s Republic of China.” Subtitle: Reform options from a regulatory theory perspective to increase risk resistance. The thesis was awarded “magna cum laude” in 2011. Plagiarism hunters were unable to prove any serious violations. All of this should make Weidel a China expert in the public eye, or at least in the AfD’s PR efforts. But it seems that the decision has been made to make little mention of this connection.
A delegation trip to China in the summer of 2023 was deliberately not labeled as a “return” but as an “excellent first step.” It was said that Weidel was just one of many Western politicians hoping for good relations with China, nothing more. She wants her official China policy to be seen as realistic. This means: No excessive dependence, but also not too much mistrust – especially not in a broadly ideological sense, as in the US.
But why is Weidel so tight-lipped about her time in China? Is she worried that this could be politically disadvantageous for her – especially in light of the recent scandal involving the AfD’s MEP Maximilian Krah? Is she worried that her past as a member of a cosmopolitan business elite might not resonate well with AfD voters or party members?
The fact is Weidel’s time in China is a big issue for her Chinese supporters. “Weidel’s unique background and political stance make her a strong contender for German chancellor,” reads a news article on Tencent. “More importantly, she has lived in China for six years.” Her experience in China is Weidel’s unique advantage, as she developed a profound understanding of the Chinese economic model there, the article continues. This perspective “laid the foundation for her later rise in German politics.”
Learning from China, a foundation for Weidel’s success. This line of argument can be found in many articles. Weidel has triggered hype in China, writes a commentator named Bi Dianlong, who has 86,000 followers. Weidel is aware “that the fundamental cause of the current economic recession in Germany is the ‘decoupling’ from China. Only by continuing to cooperate with China can the economies of Germany and Europe be saved.”
It is a hope that can be found in many articles: That a politician has finally stepped onto the political stage who stands for close relations with China. Bi Dianlong writes: “The West needs pragmatic politicians like Weidel who act in the interests of their countries.” Or in that of China. “The Chinese media tends to praise politicians who have a connection to China, who appear to be pro-China and critical of the West,” says a journalist working in state media who spoke to Table.Briefings about the phenomenon, but wishes to remain anonymous. “Many people are swayed by one-sided media reports and the labels attributed to her, which leads to blind sympathy for her.”
Many authors explicitly praise Weidel’s “pragmatic” political stances. “The Internet in China is a brown soup,” says Maxine Zhou. In a country where censorship is omnipresent, people prefer to discuss international political figures. “Chinese people actually really enjoy talking about politics,” says Maxine Zhou. “As this is difficult in China, they just talk about foreign politicians.” And this is probably one of the reasons for the fascination with the blonde German politician. Here it is allowed to discuss, speculate and even openly express controversial opinions. Weidel is much better known than comparable international politicians such as Giorgia Meloni or Marine Le Pen. One reason for this is probably that she is considered very attractive in China.
Many authors believe Weidel has a good chance of becoming chancellor. Comments under the articles and opinion pieces accompany this enthusiastically: “Support Weidel. I hope she can bring some sunshine and fresh air to the lifeless German political scene, just as her beauty brings a breath of fresh air.” Another wrote: “I hope she gets elected. With the experiences she gained in China, she will govern Germany with efficiency and decisiveness for the benefit of mankind.”
There are also numerous AfD and Alice Weidel accounts on video platforms such as Bilibili, which are not official AfD channels, but often repost their content. On Xiaohongshu, also known as RedNote in English, enthusiasm for Weidel is most noticeable, with the fan culture sometimes taking on grotesque forms. There are slideshows with childhood photos and snapshots with Weidel’s wife Sarah Bossard. Her sexual orientation is generally nothing that would disqualify her in the eyes of Chinese users. At least in the eyes of younger social media users. Weidel’s sexuality is very rarely mentioned in official articles.
One particularly obscure account from Shaanxi province posts manga drawings of Weidel and Höcke and self-made dolls that are supposed to represent Weidel. Not everyone is that obsessive, of course. But Weidel is a familiar name to the Chinese, especially the young ones. It’s a bit like German youths discussing upheavals and appointments within the Chinese politburo on TikTok – which is actually hard to imagine.
However, China’s social media channels certainly contain a lot of criticism of Weidel and the AfD. “Some Chinese should not be brainwashed into thinking Weidel is pro-Chinese just because she lived in China for a few years,” wrote user Momo on February 9 in a discussion on Xiaohongshu about the German migration-heavy election campaign. Thomas Derksen, alias 阿福Thomas, probably the best-known German influencer in China, also felt compelled by Weidel’s popularity to join the discussion – even though he otherwise explicitly describes himself as non-political. In a Q&A video, he draws attention to Weidel’s grandfather Hans Weidel, who was a military judge and member of the Nazi-SS during the Third Reich. It could be seen as a warning of what could still come.
Sinolytics is a research-based business consultancy entirely focused on China. It advises European companies on their strategic orientation and specific business activities in the People’s Republic.
China was one of over 60 countries to sign a non-binding declaration at the international AI summit in Paris. According to the declaration, the goal is to ensure that artificial intelligence is used in an international framework that is “open, inclusive, transparent, ethical, safe, secure and trustworthy” and sustainable for people and the planet.
In the run-up to the summit, China’s delegate Zhang Guoqing announced that China was willing to work with other countries to promote AI development and ensure its safety. His country wants to “share achievements in the field of artificial intelligence,” said the special representative of President Xi Jinping, according to the Chinese news agency Xinhua.
US Vice President Vance indirectly criticized China during a speech to heads of state and government. “From CCTV to 5G equipment, we’re all familiar with cheap tech in the marketplace that’s been heavily subsidized and exported by authoritarian regimes,” said Vance. Without explicitly naming China, the US politician warned against partnering with authoritarian regimes. “Partnering with them means chaining your nation to an authoritarian master that seeks to infiltrate, dig in and seize your information infrastructure.” Countries that did not sign the summit declaration included the US and the UK.
The AI Action Summit in Paris is the third in a series of international AI summits that began with the Bletchley Park Summit in the UK in November 2023 and continued with the Seoul AI Summit in South Korea in May 2024. lp/rtr
The majority of German companies operating in China plan to maintain their ties with the Chinese economy. This is the result of a new study. According to the survey conducted by the German Economic Institute (IW) on behalf of the Epico think tank, around 150 of the 1,028 German companies surveyed increasingly sourced inputs from China that are indispensable for the production process and cannot be sufficiently replaced in the short term.
Only 21.8 percent of companies dependent on China have actively taken steps to better monitor their supply chains. In total, around 460 of the companies were dependent on foreign inputs. Only 9.4 percent of them have already reduced their intermediate input from China, with a further 13.9 percent planning to do so in the future. According to the study authors, larger companies with strong ties to China tend to prefer to maintain or even deepen their links with China than smaller companies.
Regarding the German economy as a whole, the study estimates the country’s dependence on China to be “less extensive than often assumed.” However, it notes a high level of dependency on the import side, particularly for individual product groups such as raw materials, chemical products and electronics. One problem companies frequently mention is the costs associated with diversification and other resilience measures: 65.3 percent of companies doing business in China consider these to be very costly.
From an industrial policy perspective, the study states that dependencies in technologically less critical areas, such as solar modules, are more acceptable. For technologically more demanding products such as electric cars, wind turbines and electrolyzers for green hydrogen production, it would make sense to maintain or create a competitive production base in the EU. lp
A failed bill to curb US investments in China will be reintroduced to Congress. This was confirmed by the Chairman of the China Committee in the House of Representatives, John Moolenaar. The Republican described the legal restriction of foreign investment in the People’s Republic as a top priority.
“We were very close to getting outbound investment legislation through in the last few weeks of the last Congress. It’s going to be reintroduced, and we’re going to work very hard to move that forward,” he said at an event in Washington. He emphasized that the implementation would require “a lot of political will.”
Moolenaar added that the bill’s failure to pass into law last year was not due to opposition from billionaire Elon Musk. Musk, who has extensive business operations in China, helped form online opposition to the government’s funding bill last year, which would have included the investment restrictions. The passage was eventually removed from the bill, although it is unclear whether Musk specifically opposed it. rtr
The European Union has finalized the anti-dumping duties on Chinese biodiesel imports. The final duties range between 10 and 35.6 percent and are slightly lower than the provisional duties of between 12.8 and 36.4 percent. These had entered into force last summer. The Brussels authority published the final duties in its Official Journal on Monday evening.
According to the EU Commission, the decision was based on an investigation into complaints from European biofuel producers. The companies subject to the ten percent duty include ECO Biochemical Technology and EcoCeres Limited. Three companies from the Jiaao Group (Zhejiang EastRiver Energy S&T, Zhejiang Jiaao Enproenergy and Jiaao International Trading) received the maximum rate of 35.6 percent. Other companies were given 23.4 percent and 21.7 percent, according to the Brussels authority’s publication.
The background to the complaints is the illegal use of palm oil, which is used in biodiesel from China. This palm oil is shipped from Indonesia and Malaysia to the Chinese island of Hainan, where it is simply relabeled. Huge quantities of trees are cut down in South East Asia to produce palm oil. ari
According to insiders, the Chinese battery manufacturer CATL plans to raise at least five billion dollars with an IPO in Hong Kong. The company, which is already listed in Shenzhen, China, could apply for the additional listing as early as Wednesday, two people familiar with the matter told Reuters news agency. The transaction would be the largest IPO in Hong Kong since 2021 when TikTok’s competitor Kuaishou raised 6.2 billion dollars.
In recent years, the Hong Kong Stock Exchange has suffered from volatile markets and stricter regulations from the Chinese authorities. It seeks to attract so-called secondary listings of Chinese stock corporations. CATL would not only open up new liquidity sources in the Chinese offshore financial center of Hong Kong, but could also prepare itself for an escalating trade conflict between China and the US. CATL has already been placed on a list of companies accused of cooperating with the Chinese military along with other Chinese tech companies.
CATL holds a market share of almost 50 percent for EV batteries in China and, with a market capitalization of around 190 billion euros, is also one of the largest international players in the sector. The company also supplies German manufacturers and has plans for a mega battery plant in Spain in partnership with Stellantis for 4.1 billion euros. rtr
Forest Liu has been Senior Vice President Asia Pacific at ARRI since January. Liu has been working for the Munich-based film technology manufacturer in China for over four years. In his previous role as Managing Director, he had driven the development of ARRI’s first direct business in China. He will continue to be based in Beijing.
Matthias Roth has been Specialist GEN6 China at the Dräxlmaier Group since February. Roth has been working for the Bavarian automotive supplier in China since 2015, with only a few interruptions. Most recently, he was responsible for the smooth running of the supply chains, among other things. He will continue to be based in Shenyang in the province of Liaoning.
Is something changing in your organization? Let us know at heads@table.media!
Asia pays a visit to tigers: The mascots Binbin (滨滨) and Nini (妮妮) accompany the Winter Asian Games in Harbin these days. Until February 14, over 1,200 athletes will be competing for medals in the competitions in northern China. Xi Jinping personally opened the Winter Games a few days ago, Binbin and Nini walked in together with the Chinese delegation. On social media, they steal the show from many athletes. Their namesakes – two genuine Siberian tigers from Harbin’s zoo – are certainly not as cuddly as the two of them.