Habib-Ur-Rehman, a Pakistani businessman, has been running a Pakistani handicraft business in Shanghai for the past 16 years. His family business started with his grandfather, but the connection with China began when his father came to China in 2003 and explored the Chinese market. His two brothers are now also involved. He says there are … Continue reading Pakistani businessman: China is the future
Tag: business
Broader AI application boosting biz growth
A girl stands in front of the Alibaba Group Holding Ltd headquarters in Hangzhou, Zhejiang province, in May 2021. [Photo/Agencies] Fast-developing artificial intelligence technology has the potential to revolutionize various industries and provide strong support for sustainable business growth of major Chinese tech companies, industry experts said. They added that enterprises can develop new business … Continue reading Broader AI application boosting biz growth
Singaporean firm inspired by China’s urban development
Surbana Jurong Group, a Singaporean government-owned consultancy with focus on infrastructure and urban development, expects its business in China to grow on the back of the country’s clear development strategy, untapped potential in urbanization, the growing number of middle-income people and outstanding talent, said its top executive. “Our global revenue growth target is to double … Continue reading Singaporean firm inspired by China’s urban development
Swiss Re bullish about insurance market’s prospects in nation
A view of the booth of Swiss Re during an expo in Shanghai. [Photo/China Daily] China’s insurance sector is expected to double in size in the coming decade amid robust economic growth, making the country a more significant market for Swiss Re, the top executive of the global reinsurance company said. Despite concerns raised over … Continue reading Swiss Re bullish about insurance market’s prospects in nation
Swiss Re bullish about insurance market’s prospects in nation
A view of the booth of Swiss Re during an expo in Shanghai. [Photo/China Daily] China’s insurance sector is expected to double in size in the coming decade amid robust economic growth, making the country a more significant market for Swiss Re, the top executive of the global reinsurance company said. Despite concerns raised over … Continue reading Swiss Re bullish about insurance market’s prospects in nation
Medtech company continues expansion in China
The skyline of Beijing. [Photo/VCG] NANCHANG — At a medical device manufacturing facility in Nanchang, capital of East China’s Jiangxi province, workers are fully immersed in production work, while automated equipment operates at peak efficiency to expedite the process. The production schedule at the plant, owned by Fresenius Kabi (Nanchang) Co Ltd, extends until 2030, … Continue reading Medtech company continues expansion in China
Mastercard eyes booming Chinese consumer market
Various payment options including Mastercard, UnionPay and Visa are available at a store in Shanghai. [Photo/China Daily] The transformation of the Chinese economy which utilizes more innovation-driven and consumption-oriented drivers will further consolidate its solid fundamentals, bringing more business opportunities for foreign investors, said a senior executive of Mastercard. Ling Hai, president for Asia-Pacific, Europe, … Continue reading Mastercard eyes booming Chinese consumer market
Upside seen to Alibaba’s scrapped Cainiao IPO
An employee arranges packages at a Cainiao storage facility in Yiwu, Zhejiang province, in July. [Photo/Xinhua] Alibaba Group Holding Ltd’s latest move to scrap a planned initial public offering for its unit Cainiao Smart Logistics Network will help strengthen synergy between its logistics services and e-commerce businesses and expand its presence in overseas markets by … Continue reading Upside seen to Alibaba’s scrapped Cainiao IPO
Phillips and Pinduoduo elevate their strategic cooperation
Philips Personal Health business global management team visits Pinduoduo. [Photo provided to chinadaily.com.cn] Deeptha Khanna, executive vice-president of Philips’ global executive committee and the chief business leader of Personal Health, led a delegation from their Netherlands headquarters, including regional leaders from around the world and the management team of Greater China, to visit Pinduoduo on … Continue reading Phillips and Pinduoduo elevate their strategic cooperation
Huawei sounds 9.6% growth in 2023 revenue
Shoppers look at newly launched smartphones at the Huawei flagship store in Beijing.[Photo/Agencies] Huawei Technologies Co said on Friday that its revenue for 2023 hit 704.2 billion yuan ($97.5 billion), marking a year-on-year increase of 9.63 percent, and its net profit hit 87 billion yuan. The growth rate represents the highest annual revenue growth since … Continue reading Huawei sounds 9.6% growth in 2023 revenue