National Business Daily

National Business Daily
News Determines Influence
TypeDaily newspaper
FoundedDecember 9, 2004[1]
LanguageChinese, English
HeadquartersShanghai
Chengdu
Overseas liaison: New York City
OCLC number144518615
Websitenbd.com.cn
nbdpress.com
National Business Daily
Traditional Chinese每日經濟新聞
Simplified Chinese每日经济新闻
Literal meaningEveryday Economic News
Transcriptions
Standard Mandarin
Hanyu PinyinMěirì jīngjì xīnwén

The National Business Daily[a] is a nationwide Chinese financial and economic daily newspaper published in China. The publication was officially inaugurated on 9 December 2004,[5] and is considered a state-funded publication.[6]

Headquartered in Shanghai and Chengdu, National Business Daily was co-founded by Chengdu Daily Newspaper Group (成都日报报业集团) and Jiefang Daily Newspaper Group (解放日报业集团) in 2004.[7]

In news

Revealed a cancer-causing chemical in Bawang Shampoo

In 2010, National Business Daily reported that Bawang Shampoo (霸王洗发水) contained a cancer-causing chemical called dioxane and used expired lot numbers.[8] In response, Bawang Group's employees stormed the newspaper's Shanghai office and verbally abused and pushed related reporter.[9] In response to this incident, CEO of Bawang Group, Wan Yuhua (万玉华), made a special trip to the National Business Daily to apologize for the incident. She said that the company's staff responsible for the incident would be dealt with seriously.[10]

Revealed the Changchun Changsheng vaccine scandal

In 2018, National Business Daily was the first in China to reveal the problematic vaccines made by Changsheng Bio-Technology and to dig into the inside information to expose the various scandals of its performance fraud and sales by bribery.[11]

Dispute with Qihoo 360

On February 26, 2013, National Business Daily published The Mystery of 360's Black Box - Qihoo 360's "Cancerous" Genes Revealed (360黑匣子之谜——奇虎360“癌”性基因大揭秘) and 360's "Secrets" of Winning: The Mysterious V3 Upgrade Mechanism (360制胜“秘籍”：神秘的V3升级机制), revealing that when Qihoo 360 wants to wage a war against its competitors, it will start the "V3 Mechanism" - through "360 Safeguard" and "360 Secure Browser", it will uninstall competitors' products on users' computers and install the products it wants to promote privately, so as to capture the market in the most convenient way.[12] In addition to this, National Business Daily made a special report on its website.[13] The following day, Qihoo 360 filed a lawsuit with the Shanghai City First Intermediate People's Court (上海市第一中级人民法院).[14]

On July 4, 2013, National Business Daily published another article claiming that Qihoo 360 had unknowingly uploaded a large amount of sensitive information such as users' financial usernames and passwords, and that the situation had been brought to the attention of a securities firm.[15]

On December 30, 2013, Qihoo 360 filed a lawsuit in the Shanghai City Xuhui District People's Court (上海市徐汇区人民法院) against the National Business Daily for allegedly making false reports and infringing on business reputation. 360 claimed that the National Business Daily published anonymously false reports that disparaged and insulted 360 and its products, and that the false reports were grossly untrue, misleading and intimidating the readers by quoting rumors made up by 360's competitors. As a result, the false news published by National Business Daily had seriously damaged the goodwill of 360 and its products, and 360 requested the court to find that National Business Daily had seriously infringed on the company's right to goodwill, and to compensate for the economic loss of ¥50 million.[16]

Ultimately, the court ruled against the National Business Daily, ordering it to pay ¥1.5 million in compensation to Qihoo 360 to cover its economic losses,[17] and requiring the outlet to publicly apologize to Qihoo for ten consecutive days.[18]

Notes

  1. ^ Chinese: 每日经济新闻[2]; pinyin: Měirì jīngjì xīnwén; also known as Everyday Economic News[3] or Daily Economic News[4]

References

  1. ^ China Culture Industry Review, Volume 9. Shanghai People's Publishing House. 2008. pp. 157–. ISBN 978-7-208-08388-2.
  2. ^ "米老鼠的中国亿万淘金梦". Deutsche Welle. 2016-06-15.
  3. ^ Scott Wilson (19 March 2015). Tigers without Teeth: The Pursuit of Justice in Contemporary China. Rowman & Littlefield Publishers. pp. 249–. ISBN 978-1-4422-3617-2.
  4. ^ Yanzhong Huang (15 October 2020). Toxic Politics: China's Environmental Health Crisis and its Challenge to the Chinese State. Cambridge University Press. pp. 252–. ISBN 978-1-108-84191-7.
  5. ^ Gu Jianqing (2008). The Changing Landscape and Strategy of the Newspaper Industry: A Study of the Group Industrialization of Chinese Newspapers. China Media University Press. pp. 215–. ISBN 978-7-81127-064-8.
  6. ^ "Shanghai Police Detain Former Coca-Cola Employee". The New York Times. Sep 13, 2009.
  7. ^ Huang Rong (1 March 2016). Institutional choices in the industrialization of Chinese newspapers: a game-based perspective. China Social Sciences Press. pp. 133–. ISBN 978-7-5161-7547-7.
  8. ^ "Chinese Financial Reporters Expose Listed Companies for Shady and Beating". Radio Free Asia. 2010-08-02.
  9. ^ "A reporter sent a Weibo request for help after being detained by the police after interviewing the flood". Radio Free Asia. 2010-08-06.
  10. ^ "Bawang Group apologizes for employees' impact on National Business Daily". Xinhua News Agency. 2010-08-06.
  11. ^ "Extend professional influence to the new media field". People's Daily. 2019-09-01.
  12. ^ "The Mystery of 360's Black Box - Qihoo 360's "Cancerous" Genes Revealed". Sina. 2013-02-26.
  13. ^ "The Mystery of Qihoo 360's Black Box". National Business Daily. Archived from the original on 2014-08-23. Retrieved 2020-10-28.
  14. ^ "China's first media infringement 'target' case to go to trial". The Economic Observer. 2013-06-28.
  15. ^ "360 upload securities and futures username and password, a securities company panicked and defended itself". National Business Daily. 2013-07-04. Archived from the original on 2013-07-04.
  16. ^ "360 v. "Daily Economic News" case opens". China News and Publication Daily. 2014-01-07. Archived from the original on 2016-04-28.
  17. ^ "Qihoo 360 wins the lawsuit Daily Economic News was fined 1.5 million yuan". China Times. 2014-09-19.
  18. ^ ""Daily Economic News" was severely sentenced to 1.5 million for infringing on 360's goodwill". Xinhua News Agency. 2014-09-22. Archived from the original on 2014-12-17.

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