Chinese tech heavyweight Baidu Inc’s autonomous driving unit Apollo, has inked a strategic partnership with leading domestic car rental service provider, CAR Inc, to launch an autonomous car rental service, the first of its kind in the country and beyond. The collaboration aims to accelerate the large-scale deployment of autonomous driving technology across a broader…
Steve Darling, founder of Little Umbrella, addresses the audience at a business event in Auckland, New Zealand, on May 8, 2025. [Photo provided to chinadaily.com.cn] Little Umbrella, the New Zealand-based children’s nutrition food provider, in collaboration with Yicai Media Group, a Shanghai-based business news outlet, and JD Health, the healthcare arm of Chinese e-commerce group…
A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] BEIJING — China reported a current account surplus of $165.6 billion in the first quarter of 2025, according to data released Friday by the State Administration of Foreign Exchange. The surplus in goods trade reached…
Li Auto showcases the L9 SUV at the 2025 Auto Shanghai on April 26. QIU DAOCEN/FOR CHINA DAILY The head of Chinese new energy vehicle maker Li Auto has urged the automotive industry to rethink how artificial intelligence is deployed, arguing that AI will only drive real meaningful progress once it becomes a capable productivity…
Visitors gather at Huawei’s booth during a high-tech expo in Shanghai in March.[CHINA DAILY] Huawei Technologies announced on Thursday it will launch on May 19 personal computers powered by its self-developed operating system HarmonyOS, as the company aims to break the dominance of Microsoft’s Windows and Apple’s macOS as the main computer operating systems. Zhu…
Digital Farabi 2025 Forum in session. [Photo provided to chinadaily.com.cn] Focusing on the role of artificial intelligence, the low-altitude economy, cybersecurity and green technology in the country’s economic development, the Digital Farabi 2025 Forum was recently held at Al-Farabi Kazakh National University in Almaty, Kazakhstan. Kazakhstan’s Minister of Science and Higher Education, Sayasat Nurbek, opened the…
While the global market has witnessed rising uncertainties and complexities, addressing clients’ demands amid a changing industrial landscape and making continued efforts in boosting performance have helped Terminexus become more resilient as it harnesses market opportunities, according to a senior company executive. Founded in 2018, Terminexus, a subsidiary of Shanghai Zhenhua Heavy Industries Co Ltd…
File photo shows the People’s Bank of China in Beijing, capital of China. [Photo/Xinhua] BEIJING — China’s central bank will implement a series of measures to improve financial services aimed at stimulating consumer spending, according to a report released Friday by the People’s Bank of China (PBOC). According to the PBOC’s first-quarter 2025 monetary policy…
Uber has deepened its ties with China’s leading autonomous driving companies as the US-based ride-hailing giant prepares to deploy robotaxi services across international markets. Analysts said the move underscores how Chinese firms are emerging as key players in the race to commercialize driverless mobility on a global scale. In a series of strategic announcements, Momenta,…
The Roche booth at the 7th China International Import Expo in Shanghai, on Nov 4, 2024. [Photo/VCG] SHANGHAI – Swiss pharmaceutical giant Roche has announced plans to invest 2.04 billion yuan ($283 million) in building a new biopharmaceutical manufacturing facility in Shanghai’s Pudong New Area, strengthening its localization strategy in the Chinese market. The new…