A billboard in Shanghai shows the level of the Shanghai Composite Index. [Photo/VCG] Upbeat sentiment marks the A-share market as investors’ risk appetite has further recovered amid the recently introduced stimulative policies and improving macroeconomic indicators, said experts. On Monday, the benchmark Shanghai Composite Index added 0.54 percent to close at 3171.15 points, its highest … Continue reading Risk appetite strengthens upbeat mood
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Mars and FAW-Volkswagen inject fresh investment in Tianjin
A glance at a production line of FAW-Volkswagen in Tianjin. [Photo provided to chinadaily.com.cn] A substantial surge in foreign investment in the coastal city of Tianjin reflects the confidence of multinational corporations in investing in China. On May 15, US-based pet food company Mars and the Sino-German joint venture FAW-Volkswagen announced new capital injections of … Continue reading Mars and FAW-Volkswagen inject fresh investment in Tianjin
Alibaba sees its Jan-March revenue up 7%
The headquarters of e-commerce giant Alibaba Group in Hangzhou, East China’s Zhejiang province. [Photo by Niu Jing/For China Daily] Chinese tech heavyweight Alibaba Group Holding Ltd reported on Tuesday night that its revenue stood at 221.87 billion yuan ($30.7 billion) during the January-March period, an increase of 7 percent year-on-year, while its net income reached … Continue reading Alibaba sees its Jan-March revenue up 7%
Saudi Aramco swears by long-term potential in Chinese market
Visitors gather at Saudi Aramco’s booth during an expo in Abu Dhabi, the United Arab Emirates. [Photo/Agencies] Saudi Aramco, the world’s largest oil exporter, said it is fairly optimistic about China’s long-term growth potential and the abundant opportunities arising from the country’s focus on high-quality development. The company will continue supporting China’s long-term energy security … Continue reading Saudi Aramco swears by long-term potential in Chinese market
Syngenta to tackle crop impact on climate
Visitors check out agricultural products of Syngenta Group, a Europe-based subsidiary of Sinochem Holdings Corp Ltd, during the fifth China International Import Expo in Shanghai on Nov 9, 2023. [Photo/CHINA DAILY] Seeds and pesticides maker Syngenta Group has released a report prioritizing key innovation areas to produce more food with less climate impact. “The future … Continue reading Syngenta to tackle crop impact on climate
BMW further expands investment in Shenyang, China
A vehicle is assembled at a BMW smart production line in Shenyang, Liaoning province, in February. [Photo/chinadaily.com.cn] German automaker BMW Group announced its plans to invest an additional 20 billion yuan ($3.12 billion) into its production base in Shenyang, Northeast China’s Liaoning province on Friday. “The new investment underlines not only our confidence in China’s … Continue reading BMW further expands investment in Shenyang, China
AI blueprint driving ambitious revenue surge for BlueFocus
The BlueFocus’ logo. [Photo provided to chinadaily.com.cn] China’s leading marketing technology company BlueFocus released its annual report for 2023 on Sunday, revealing its AI-driven revenue reached 108 million yuan ($14.9 million), which is projected to increase by 500 million to 1 billion yuan in 2024 and bring extraordinary growth. The company achieved an operating revenue … Continue reading AI blueprint driving ambitious revenue surge for BlueFocus
Competitive growth from China propels Danone in first quarter
The logo of Danone. [Photo/VCG] Leading food and beverage company Danone announces its first quarter results of 2024, with consolidated sales standing at 6.8 billion euros ($7.2 billion), up 4.1 percent on a like-for-like basis, led by China’s sustained competitive growth in all categories. In the first quarter, China, North Asia & Oceania region achieved … Continue reading Competitive growth from China propels Danone in first quarter
GAC Group announces share repurchase plan
Workers assemble GAC Aion new energy vehicles at a plant in Guangzhou, Guangdong province, in July. [Photo/Xinhua] GAC Group, one of the major automobile manufacturers based in Guangzhou, Guangdong province, announced for the first time its intention to repurchase A-shares and H-shares worth 500 million yuan ($69.15 million) to 1 billion yuan, according to the … Continue reading GAC Group announces share repurchase plan
Sino Biopharm shows stable growth in 2023
Sino Biopharmaceutical Limited. [Photo/Sino Biopharm website] Sino Biopharmaceutical Limited, or Sino Biopharm, a leading innovative research and development-driven pharmaceutical conglomerate in China, announced on Thursday in its annual result report that revenues from innovative drugs reached 9.89 billion yuan ($1.37 billion) in the 2023 fiscal year, up 13.3 percent year-on-year. Despite a challenging environment last year, … Continue reading Sino Biopharm shows stable growth in 2023