National Business Daily

National Business Daily is a Chinese financial and economic newspaper published for a nationwide audience. The publication was established in 2004 through a partnership between Chengdu Daily Newspaper Group and Jiefang Daily Newspaper Group, and was officially inaugurated on December 9 of that year. Its dual-city base in Chengdu and Shanghai reflects the publication's connection to both southwestern China and the country's major financial and commercial center. The newspaper covers business, finance, markets, companies, consumer issues, technology, regulation, and other subjects relevant to China's economy. Its reporting has included investigations into corporate conduct and product safety, as well as coverage of listed companies, financial institutions, industrial enterprises, and technology businesses. In addition to its print identity, the brand operates an electronic newspaper presence through the supplied e-paper website. National Business Daily is generally described as a state-funded Chinese publication. Its institutional origins in two municipal newspaper groups place it within China's broader party-state media and newspaper system, while its editorial focus is oriented toward economic and commercial reporting. This combination gives the title a role both as a business-news outlet and as a platform for reporting on issues of public and market interest. The newspaper became especially visible through several contentious investigations. In 2010, it reported that Bawang Shampoo contained dioxane and used expired lot numbers. The report was followed by a confrontation at the newspaper's Shanghai office involving employees of Bawang Group; the company's chief executive later visited the newspaper and apologized for the employees' conduct. In 2013, National Business Daily published reports critical of Qihoo 360's software practices and alleged handling of sensitive user information. Qihoo 360 brought lawsuits alleging false reporting and damage to business reputation. A court ultimately ordered the newspaper to pay 1.5 million yuan in compensation and publish an apology for ten consecutive days. In 2018, the publication was credited with being the first Chinese outlet to reveal problems involving vaccines produced by Changsheng Bio-Technology, and it continued reporting on alleged performance fraud and bribery connected with the company. These episodes illustrate the brand's emphasis on investigative and accountability-oriented business journalism, but they also show the legal and commercial risks associated with reporting on powerful companies. The available reference material does not identify a current editor-in-chief, a corporate parent beyond the founding newspaper groups, ownership percentages, circulation, revenue, or a stock listing. National Business Daily is therefore best characterized as an operating Chinese business-news publication whose public identity rests on nationwide economic coverage, investigative reporting, and a dual Chengdu-Shanghai institutional base.

National Business Daily emerged in 2004 as a joint newspaper project of Chengdu Daily Newspaper Group and Jiefang Daily Newspaper Group. The publication was officially inaugurated on December 9, 2004. Its founding structure connected the newspaper to established municipal media organizations in Chengdu and Shanghai, while its subject matter was designed to address economic and commercial developments across China rather than only one local market. From its beginning, the title operated as a financial and economic daily. Its reporting scope included companies, capital markets, consumer products, technology, industrial activity, finance, and public regulation. The newspaper's Chengdu and Shanghai bases gave it access to different parts of China's commercial landscape: Chengdu is an important southwestern business center, while Shanghai is a major national hub for finance, trade, and corporate activity. The available references describe the publication as nationwide and state-funded, but do not provide detailed circulation figures, revenue data, ownership percentages, or a complete corporate structure. The brand's public profile was strengthened by investigative reporting. In 2010, National Business Daily reported allegations concerning Bawang Shampoo, including the presence of dioxane and the use of expired lot numbers. The report led to a confrontation at the newspaper's Shanghai office involving Bawang Group employees. Wan Yuhua, identified in the reference material as Bawang Group's chief executive, later went to the newspaper to apologize and said that the employees responsible would be dealt with. The newspaper also became involved in a prolonged dispute with Qihoo 360 in 2013. On February 26, it published reports alleging that Qihoo used a V3 mechanism through products including 360 Safeguard and 360 Secure Browser to remove competing software and promote selected products. A later article, published on July 4, raised allegations that the company had uploaded sensitive information such as financial usernames and passwords without users' knowledge. Qihoo 360 responded with legal action, alleging that the newspaper had published false and misleading reports that damaged its business reputation. The resulting court decision ordered National Business Daily to pay 1.5 million yuan in compensation and issue a public apology for ten consecutive days. In 2018, the publication reported problems involving vaccines manufactured by Changsheng Bio-Technology. The reference material describes it as the first Chinese outlet to reveal the problematic vaccines and says that its coverage expanded to alleged performance fraud and bribery in sales. The episode placed the newspaper at the center of a major public-health and corporate-governance controversy and reinforced its reputation for pursuing accountability stories involving companies and regulated industries. National Business Daily continues to be presented as a Chinese nationwide economic newspaper with an electronic edition. The supplied materials do not establish a current executive roster, a definitive present-day owner, circulation, or a separate legal corporate entity for the brand. Its best-supported historical description is therefore that of a state-funded business-news publication founded by two newspaper groups, headquartered in Shanghai and Chengdu, and known for combining routine economic coverage with investigative reporting.

1. 2018Changsheng vaccine investigation

   The newspaper reported problems involving Changsheng Bio-Technology vaccines and pursued related allegations concerning corporate fraud and bribery.

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2. 2013Qihoo 360 reporting and litigation

   National Business Daily published critical reports about Qihoo 360's software practices and later faced lawsuits alleging false reporting and reputational harm.

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3. 2010Bawang Shampoo investigation

   The newspaper reported alleged dioxane contamination and expired lot numbers involving Bawang Shampoo, followed by a confrontation at its Shanghai office and an apology from Bawang Group's chief executive.

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4. 2004Publication founded and inaugurated

   Chengdu Daily Newspaper Group and Jiefang Daily Newspaper Group established National Business Daily, which was officially inaugurated on December 9.

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A nationwide Chinese financial and economic news outlet combining business reporting with investigative coverage of corporate, consumer, technology, and regulatory issues.

• National Business DailyDaily newspaper2004

  The core publication is a nationwide Chinese daily focused on financial and economic news. Its coverage encompasses companies, markets, finance, consumer affairs, technology, industrial developments, and regulation. The newspaper also publishes investigative reports that examine alleged misconduct, product-safety concerns, and corporate governance issues.

• National Business Daily electronic newspaperElectronic newspaper

  The brand maintains an electronic newspaper presence through its e-paper website. The available sources identify the digital edition but do not provide a complete description of its technical platform, archive, subscription model, or publication schedule.

• 2013Continued reporting after Qihoo 360 disputeOther

  The newspaper's initial reports alleged that Qihoo 360 used software mechanisms to remove competitors' products and promote its own offerings.

  What changed. National Business Daily published a further report alleging that sensitive user information could be uploaded without users' knowledge.

  Aftermath. Qihoo 360 pursued litigation alleging false reporting and reputational damage. The court ultimately ordered compensation and a ten-day public apology.

  Court-ordered compensation. 1.5 million yuan (2013)

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• 2018Changsheng vaccine reportingControversy

  National Business Daily's reporting on problematic Changsheng Bio-Technology vaccines and related allegations of performance fraud and bribery contributed to public scrutiny of the company's conduct and vaccine regulation.

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• 2013Qihoo 360 reputational disputeControversy

  Qihoo 360 alleged that National Business Daily published false and misleading reports about its products and business practices. The litigation ended with an order requiring the newspaper to pay 1.5 million yuan and publish an apology for ten consecutive days.

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• 2010Bawang Group office confrontationControversy

  After National Business Daily published allegations about Bawang Shampoo, employees of Bawang Group reportedly confronted and pushed a related reporter at the newspaper's Shanghai office. Bawang Group chief executive Wan Yuhua later apologized and said the responsible employees would face disciplinary action.

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• 2013Qihoo 360 files suit after National Business Daily reports on its software practices

  Following reports alleging that Qihoo 360 used a disputed V3 mechanism to remove or promote software and later reports concerning sensitive user information, Qihoo 360 sued the newspaper over alleged false reporting and harm to business reputation.

  LawsuitOther
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• 2013Court orders National Business Daily to compensate Qihoo 360

  In the dispute with Qihoo 360, the court ruled against National Business Daily, ordering it to pay 1.5 million yuan in economic-loss compensation and publish a public apology for ten consecutive days.

  LawsuitOther
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1. National Business Daily
2. National Business Daily electronic newspaper