Zhang Bin. [Photo provided to chinadaily.com.cn] Retail business still contains huge opportunities to tap into considering the fact that various consumption requirements are not yet fully satisfied, said a senior executive of Shui On Xintiandi Ltd, a leading investor and manager of premium and sustainable commercial properties. “Many retail operators and the general public may … Continue reading China’s retail business full of opportunities, senior executive says
Saudi Arabia, Huawei sign MOU to train, develop talent
The Saudi Data and AI Authority (SDAIA) and Chinese tech company Huawei Technologies signed a memorandum of understanding on Wednesday for training and developing talent in information and communication technology (ICT) and AI sectors, enabling them to lead the future of technological innovation. The MOU was signed by Ahmed Awad Al-Ghamdi, head of capacity building … Continue reading Saudi Arabia, Huawei sign MOU to train, develop talent
Jidu relies on fine origins to compete in EV market
Jidu Auto launches the 07 sedan on Sept 10, 2024. [Photo provided to chinadaily.com.cn] Jidu Auto, a joint venture between Chinese tech giant Baidu and leading automaker Geely, launched its second model, the 07, on Wednesday, with a starting price of 199,000 yuan ($27,950). The electric car benefits from its parent companies’ resources and battery … Continue reading Jidu relies on fine origins to compete in EV market
Neta set to launch vehicles in Mexico
Neta employees celebrate as the startup’s 400,000th vehicle rolls off the assembly line in Zhejiang province in March 2024. [Photo provided to chinadaily.com.cn] Chinese new energy vehicle startup Neta has signed agreements with a Mexican bank, EV association and several dealership partners, signaling that the automaker is ready to enter the Mexican market, CEO Zhang … Continue reading Neta set to launch vehicles in Mexico
Chinese carmaker to ramp up innovation
CowaRobot releases the Kylin series of autonomous driving sweepers. [Photo provided to chinadaily.com.cn] CowaRobot, a Chinese autonomous driving vehicle maker, has ramped up its innovations in the autonomous driving sector to boost its presence in the smart city service sectors. This month, the company released two new products: the Kylin series of autonomous driving sweepers … Continue reading Chinese carmaker to ramp up innovation
AI, 5G technologies help e-tailers boost sales via livestreaming
Sellers promote freshly picked peaches via livestreaming at a plantation in Shiyan, Hubei province, in August. CAO ZHONGHONG/FOR CHINA DAILY Competition in China’s booming livestreaming e-commerce segment — the practice of promoting products via live broadcasts on online channels — is intensifying, as major e-tailers step up efforts to bolster sales and attract a more diversified … Continue reading AI, 5G technologies help e-tailers boost sales via livestreaming
Cainiao expanding logistics network overseas
An employee sorts packages at a Cainiao logistics service station in Fuyang, Anhui province, in June. WANG BIAO/FOR CHINA DAILY Cainiao Group, the logistics arm of Chinese technology heavyweight Alibaba Group Holding Ltd, is boosting its overseas logistics network and accelerating expansion abroad to meet the growing demand for faster and more reliable delivery services globally. … Continue reading Cainiao expanding logistics network overseas
Village in Zhejiang gets power upgrade
In the mountainous areas of Chun’an county, Zhejiang province, the village of Hujiaping boasts a unique natural climate and beautiful scenery, with an average elevation of 800 meters. However, high mountains, narrow roadways and poor transportation infrastructure years ago rendered the region backward in terms of economic development, and its per capita income at the … Continue reading Village in Zhejiang gets power upgrade
Minmetals-Qinghai JV to enhance China’s role in lithium chain
Aerial photo taken on July 8, 2021 shows the Qairhan Salt Lake in Northwest China’s Qinghai province. [Photo/Xinhua] The joint venture agreement between China Minmetals Corp and Qinghai province to tap major salt lake resources marks a critical step in advancing China’s lithium resource development, particularly in response to global battery industry demand, said industry … Continue reading Minmetals-Qinghai JV to enhance China’s role in lithium chain
Clarins bullish about China market
French skincare and cosmetics company Clarins is upbeat about the Chinese market, buoyed by its huge potential and increased healthcare awareness among consumers, a top company executive said. Olivier Courtin-Clarins, managing director of Clarins, said that compared to his previous visit to China in 2020, he has “observed significant advancements in the quality of Clarins’ … Continue reading Clarins bullish about China market