A saleswoman introduces products to customers at a duty-free shop in Haikou, Hainan province, July 13, 2023. [Photo/VCG] Shenya DFS Yalong Bay, a world-class luxury retail, leisure, and entertainment destination in Sanya, South China’s Hainan province, is scheduled for completion by 2026. Chinese developer Shenya Group and luxury travel retailer DFS Group sealed a partnership … Continue reading New space for brands to launch in 2026
Category: Business
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Johnson Controls taps AI, green sectors in nation
A view of the booth of Johnson Controls during an expo in Shanghai. US-based smart building solutions provider Johnson Controls is looking to seize the tremendous opportunities arising from China’s artificial intelligence industry and green economy, and empower the high-quality and green transition of its advanced manufacturing sector, a senior company executive said. China is … Continue reading Johnson Controls taps AI, green sectors in nation
Zhejiang advances low-carbon development with smart grids
[Photo provided to chinadaily.com.cn] In the pursuit of low-carbon development, Yucun village in Anji, Zhejiang province, is spearheading the adoption of rooftop solar panels to achieve its green goals. As solar power generation typically peaks during daylight hours, while the area’s electricity demand primarily stems from guesthouses, the on-site consumption of solar power poses challenges … Continue reading Zhejiang advances low-carbon development with smart grids
Multinational corporations confident with China’s opening-up
The multinational corporations’ senior executives share their comments during the “Opportunity China: International Enterprise Cooperation and Exchange Event in Greater Hongqiao Area” event on Friday. [Photo provided to chinadaily.com.cn] Benefiting from China’s opening-up in the past few decades, multinational corporations keep their strong confidence towards the development prospects in the China market in the years … Continue reading Multinational corporations confident with China’s opening-up
Lithium battery factory to launch over 12th Energy Storage International Conference and Expo
Visitors check out a battery at a Contemporary Amperex Technology facility in Ningde, Fujian province. [ZHU XINGXIN/CHINA DAILY] Lithium battery maker Ampace, a joint venture of Contemporary Amperex Technology Co Ltd, the world’s largest electric vehicle battery maker, and Amperex Technology Limited, a leading producer of lithium-ion batteries, launched on Thursday its latest power storage … Continue reading Lithium battery factory to launch over 12th Energy Storage International Conference and Expo
CTG Brasil showcases clean energy principles in Sao Paolo
The Ilha Solteira Hydroelectric Power Plant exhibition hall in Sao Paulo, Brazil, opens to the public, attracting students who visit to learn about the plant’s history. CTG Brasil, a Chinese power company China Three Gorges subsidiary, runs the power plant. [Photo provided to chinadaily.com.cn] The Ilha Solteira Hydroelectric Power Plant exhibition hall in Sao Paulo, … Continue reading CTG Brasil showcases clean energy principles in Sao Paolo
DPD hikes delivery biz in nation’s southwest
DPD’s customized freight train leaves Chengdu, Sichuan province, for Malaszewicze, Poland. WANG XI/XINHUA France-based delivery company DPD is expanding its business in China as it deepens cooperation with its Chinese partners. Jean-Claude Sonet, executive vice-president of DPD, said the company has been actively expanding markets outside of Europe in recent years. On Monday, DPD signed a … Continue reading DPD hikes delivery biz in nation’s southwest
Huasheng lands coating machine export order
The nation’s first coating equipment export order from Europe, valued at more than 6 million yuan ($830,000), was unveiled on Tuesday in Shanghai, which displayed Chinese manufacturers’ rising competitiveness in a sector once dominated by foreign companies, said industry experts. The industrial machine tool, a G4 super-HiPIMS coating machine, is the first such apparatus of … Continue reading Huasheng lands coating machine export order
China’s largest listed steelmaker breaks ground on zero-carbon factory
Construction on a zero-carbon steel plate factory began Thursday in the port city of Zhanjiang, a production base in Guangdong’s Leizhou Peninsula. [Photo provided to chinadaily.com.cn] Construction on a zero-carbon steel plate factory began Thursday in the port city of Zhanjiang, a production base in Guangdong’s Leizhou Peninsula. The project is the first of its … Continue reading China’s largest listed steelmaker breaks ground on zero-carbon factory
AI company ModelBest revs up financing to promote large models
Chinese artificial intelligence startup ModelBest Inc announced on Thursday a new round of financing totaling several hundreds of million yuan, as the company strives to promote efficient large models with fewer parameters amid the boom driven by ChatGPT from the United States. The latest financing was led by Primavera Venture Partners and Habo, an investment … Continue reading AI company ModelBest revs up financing to promote large models