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
Tag: yuan
Delisting guideline to root out disqualified companies
An investor in Shanghai checks stock index movements on a mobile phone. [PHOTO by WANG GANG/FOR CHINA DAILY] The guideline to strictly execute the delisting mechanism released by the China Securities Regulatory Commission on Friday and the exchanges’ revised listing rules unveiled on the same day aim to rule out the disqualified companies in the … Continue reading Delisting guideline to root out disqualified companies
20 Chinese mainland companies debut on Micro Connect exchange
[Photo/VCG] A batch of 20 Chinese mainland companies debuted on the Micro Connect (Macao) Financial Assets Exchange (MCEX) on Friday, helping these small and medium-sized enterprises to leverage overseas long-term capital, Gary Zhang, founder and CEO of Micro Connect, said on a listing ceremony held in Shanghai on Friday. The companies that successfully sought financing … Continue reading 20 Chinese mainland companies debut on Micro Connect exchange
Financial de-risking remains key focus in future
MA XUEJING/CHINA DAILY China’s financial risks have been converging of late, but de-risking in the future will fundamentally depend on the stabilization and recovery of the economy. As the economy further improves, there will be greater room for resolving financial risks in key areas, and such risks are expected to remain within control this year. … Continue reading Financial de-risking remains key focus in future
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
Govt policies to aid banking sector, BOC says
A view of the booth of Bank of China during an expo in Fuzhou, Fujian province. CHEN BIN/FOR CHINA DAILY The central government’s supportive policies are expected to gradually improve business sentiment, boosting domestic demand and laying a solid foundation for the steady development of the banking industry, Bank of China said. The bank’s operating income … Continue reading Govt policies to aid banking sector, BOC says
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
Intimate wear business sees rising net profit
A man works in a supply chain factory of Cosmo Lady, one of the largest intimate wear enterprises in China. [Photo provided to chinadaily.com.cn] The expansion of physical stores and the increased number of membership customers have helped boost net profits for Cosmo Lady, one of China’s largest intimate wear enterprises, in 2023, according to … Continue reading Intimate wear business sees rising net profit
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
Xiaomi president: SU7 price a bit expensive
The SU7, produced by Chinese tech company Xiaomi Corp, is displayed at the Mobile World Congress 2024 in Barcelona, Spain. [GAO JING/XINHUA] The price of Xiaomi’s first pure electric sedan SU7 could be a bit expensive, reported ThePaper.cn on Tuesday, quoting Lu Weibing, president of the Chinese tech company. Lu said that he believed the … Continue reading Xiaomi president: SU7 price a bit expensive