Chinese firms step up push into Europe2022-09-06
A gigantic billboard for Chinese brand Haier greets visitors as they arrive at IFA Berlin, Europe's largest trade show for consumer electronics and home appliances, and also heralds the significant presence of Chinese exhibitors.
Amazon eagerly eyeing social commerce sector2022-09-06
US tech company Amazon is doubling down on the fast-growing social commerce sector by beefing up its presence in WeChat mini program, as China's Generation Z consumers－those born between the mid-1990s and the early 2010s－evince rising demand for personalized and niche overseas products via social media channels.
Alibaba sets up largest intelligent computing center2022-09-01
Alibaba Cloud, the cloud computing arm of Alibaba Group Holding Ltd, has launched the world's largest intelligent computing center in Zhangjiakou's Zhangbei county, Hebei province, which can offer up to 12 EFLOPS (12 quintillion floating-point operations per second) of AI computing power, surpassing US tech company Google's 9 EFLOPS and electric vehicle maker Tesla's 1.8 EFLOPS.
Huawei to shift focus amid concerns over world economy2022-08-24
The founder of Huawei Technologies Co highlighted the need to shift its focus from pursuing business scale to ensuring profits and cash flow, including giving up some overseas markets, to guarantee that the company can survive the challenges over the next three years.
AstraZeneca plans great leaps in respiratory medicine in China2022-08-16
Global pharmaceutical company AstraZeneca will introduce a batch of innovative drugs into China by 2025 for the treatment of respiratory diseases, such as severe asthma, chronic cough and chronic obstructive pulmonary disease, according to Lin Xiao, vice-president of the company's China branch.
Sinopharm has the Rx to realize high-quality development2022-08-16
China National Pharmaceutical Group, also known as Sinopharm, will step up efforts in innovation to propel high-quality development that is featured by further improvements in industrial, supply and value chains, according to senior company executives on Monday.
Opportunities in China energize multinationals2022-08-16
More multinational energy giants are announcing plans to invest in China's energy sector as a result of its rapidly growing momentum and huge potential, industry experts said.
China's tech giant Huawei releases H1 financial results2022-08-14
Chinese tech giant Huawei's revenue reached 301.6 billion yuan (about 44.7 billion U.S. dollars) in the first half of 2022, with a net profit margin of 5 percent, according to the company's semiannual report released on Friday.
China's CATL to make largest investment ever in history of Hungary2022-08-14
A Chinese company is set to invest 7.34 billion euros (7.6 billion U.S. dollars) in building a plant to manufacture batteries for carmakers in Hungary. The investment by Contemporary Amperex Technology Co., Limited (CATL) is the largest ever in the history of Hungary, according to the country's Minister of Foreign Affairs and Trade Peter Szijjarto.
Starbucks stores on Chinese mainland to reach 9,000 by 20252022-09-15
China's battery producer CATL officially launches Hungarian plant2022-09-06
