The ''National Business Daily'' (), abbreviated as NBD, also known as ''Everyday Economic News'' or ''Daily Economic News'', is a nationwide Chinese financial and economic

daily newspaper A newspaper is a periodical publication containing written information about current events and is often typed in black ink with a white or gray background. Newspapers can cover a wide variety of fields such as politics, business, sports ...

published in

Mainland China "Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater China. ...

. It was officially inaugurated on 9 December 2004, and is a state-controlled publication in China. Headquartered in Shanghai, ''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.

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 1,4-Dioxane () is a heterocyclic organic compound, classified as an ether. It is a colorless liquid with a faint sweet odor similar to that of diethyl ether. The compound is often called simply dioxane because the other dioxane isomers ( 1,2- ...

and used expired

lot number A lot number is an identification number assigned to a particular quantity or lot of material from a single manufacturer. Lot numbers can typically be found on the outside of packaging. For cars, a lot number is combined with a serial number to fo ...

s. In response, Bawang Group's employees stormed the newspaper's Shanghai office and verbally abused and pushed related reporter. 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.

Revealed the Changchun Changsheng vaccine scandal

In 2018, ''National Business Daily'' was the first in China to reveal the problematic

vaccines A vaccine is a biological preparation that provides active acquired immunity to a particular infectious or malignant disease. The safety and effectiveness of vaccines has been widely studied and verified.< ...

made by

Changsheng Bio-Technology Changsheng Bio-Technology Co., Ltd. () is a biotechnology company based in Changchun Jilin, China, specializing in vaccines. It was founded in 1992 as a state-owned enterprise but became a family-owned private company in 2003. It reported 566 ...

and to dig into the inside information to expose the various

scandal A scandal can be broadly defined as the strong social reactions of outrage, anger, or surprise, when accusations or rumours circulate or appear for some reason, regarding a person or persons who are perceived to have transgressed in some way. Th ...

s of its performance fraud and sales by bribery.

Controversies

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 Qihoo 360 (; approximate pronunciation CHEE-hoo), full name 360 Security Technology Inc., is a Chinese internet security company that has developed the antivirus software programs 360 Safeguard and 360 Mobile Safe, the Web browser 360 Secure Br ...

wants to wage a war against its

competitor Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, indivi ...

s, it will start the "V3 Mechanism" - through "

360 Safeguard 360 Safeguard () and 360 Total Security is a program developed by Qihoo 360, an internet security company based in China. 360 Safeguard's focus is on stopping malware such as computer viruses and trojan horses and providing security patches fo ...

" and "

360 Secure Browser 360 Secure Browser (360 Security Browser) or 360 Safe Browser () is a web browser developed by the Qihoo company of Beijing, China. It was first released in September 2008. The browser by default renders the webpage using the WebKit-based engi ...

", 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. In addition to this, ''National Business Daily'' made a special report on its

website A website (also written as a web site) is a collection of web pages and related content that is identified by a common domain name and published on at least one web server. Examples of notable websites are Google, Facebook, Amazon, and Wi ...

. The following day, Qihoo 360 filed a lawsuit with the Shanghai First Intermediate People's Court (上海市第一中级人民法院). On July 4, 2013, ''National Business Daily'' published another article claiming that Qihoo 360 had unknowingly uploaded a large amount of

sensitive information Information sensitivity is the control of access to information or knowledge that might result in loss of an advantage or level of security if disclosed to others. Loss, misuse, modification, or unauthorized access to sensitive information can ...

such as users' financial

username A user is a person who utilizes a computer or network service. A user often has a user account and is identified to the system by a username (or user name). Other terms for username include login name, screenname (or screen name), accoun ...

s and

password A password, sometimes called a passcode (for example in Apple devices), is secret data, typically a string of characters, usually used to confirm a user's identity. Traditionally, passwords were expected to be memorized, but the large number of ...

s, and that the situation had been brought to the attention of a securities firm. On December 30, 2013, Qihoo 360 filed a lawsuit in the Xuhui District People's Court of Shanghai Municipality (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. Ultimately, the court awarded the ''National Business Daily'' ¥ 1.5 million in compensation for Qihoo 360's economic losses, and publicly apologized to 360 for ten consecutive days.

References

{{reflist Publications established in 2004 Daily newspapers published in China English-language newspapers published in China Mass media in Chengdu