Xiaomi’s founder and CEO Lei Jun took a group photo with SU7 customers in Beijing, on April 3, 2024. [Photo/screenshots from Lei Jun’s Weibo account] The first batch of Xiaomi SU7 electric sedans was delivered to customers in 28 cities across China on Wednesday, ThePaper reported. The booking volume of the vehicle has surpassed 100,000, … Continue reading Xiaomi delivers first batch of e-sedan to consumers
Tag: company
BeiGene eyes imminent production in Guangzhou
BeiGene’s booth is seen during an expo in Beijing in September. [LI HE/FOR CHINA DAILY] BeiGene Ltd, a global oncology company, announced on Monday the completion of its antibody-drug conjugate production facility in Guangzhou, capital of Guangdong province, demonstrating its commitment to the industrialization of innovative medicines. The launch of the ADC facility marks a … Continue reading BeiGene eyes imminent production in Guangzhou
Alibaba returns to simple and agile structure
Jack Ma, founder of Alibaba Group. [Photo/VCG] Jack Ma, co-founder of Chinese tech heavyweight Alibaba Group Holding Ltd, affirmed on Wednesday the courage Alibaba’s new leadership team had to embrace new changes, saying the company has returned to a healthy growth track and will continue to innovate. Ma wrote in an internal letter to employees … Continue reading Alibaba returns to simple and agile structure
Ant Group simplifies payment experience for foreigners, elderly
A foreign tourist pays via Alipay at a store in Beijing. [Photo/China Daily] Ant Group plans to expand mobile payment methods and build more international consumer-friendly zones across major tourist hot spots and commercial cities in China, as part of a broader push by the financial technology company to simplify payment services for foreigners in … Continue reading Ant Group simplifies payment experience for foreigners, elderly
Mondelez to expand presence in China
Subway passengers stroll through a section decorated by Mondelez International Inc at an exit area of a subway station in Shanghai on March 29, 2024. [Photo provided to chinadaily.com.cn] With disposable incomes rising and more consumption scenarios appearing in China, Mondelez International Inc, a United States-based snacks manufacturer, will expand its presence in the country … Continue reading Mondelez to expand presence in China
Sino Biopharm and Boehringer Ingelheim enter into strategic collaboration
Sino Biopharmaceutical Limited and Boehringer Ingelheim announce on Monday that they have entered into a strategic partnership. [Photo provided to chinadaily.com.cn] Sino Biopharmaceutical Limited, or Sino Biopharm, a China-based Hang Seng Index company, and Boehringer Ingelheim, a global biopharmaceutical company, announced on Monday that they had entered into a strategic partnership focusing on bringing innovative … Continue reading Sino Biopharm and Boehringer Ingelheim enter into strategic collaboration
Bullish on China biz, Michelin to expand production capacity
A Michelin employee (left) addresses visitor queries during the sixth China International Import Expo in Shanghai in November. CHINA DAILY Michelin Group will expand production capacity at its units in China to capitalize on potential growth opportunities, senior executives said, as the French tire and mobility company rides on the country’s efforts to cultivate new quality … Continue reading Bullish on China biz, Michelin to expand production capacity
Sabic mulls collaboration with value chain partners
The Sabic’s logo. [Photo/VCG] Saudi Arabian petrochemicals company Sabic is committed to further collaborating with upstream and downstream value chain partners to unlock huge opportunities in China, thereby driving the innovative development and structural transformation of the petrochemicals industry in the country, its top executive said. “China, as one of our priority markets that contributes close … Continue reading Sabic mulls collaboration with value chain partners
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
Shanghai company completes world’s first delivery of ‘air taxi’
Prosperity also known as an “air taxi”, is developed by AutoFlight , a leading eVTOL developer based in Shanghai. [Photo provided to chinadaily.com.cn] AutoFlight, a leading electric vertical takeoff and landing (eVTOL) technology company, recently delivered the first Prosperity eVTOL aircraft to a pioneering operator in Japan for Advanced Air Mobility, which marks the first … Continue reading Shanghai company completes world’s first delivery of ‘air taxi’