Chinese green technology company Envision Group announced on Thursday a sweeping plan to construct 5 gigawatts of green artificial intelligence computing centers across global desert regions, including the Gobi, by 2030. The company announced the plan as part of efforts to build stable, eco-friendly and cost-effective infrastructure for the AI era. The ambitious target was…
This photo taken on June 16, 2026 shows a view of Shanghai Disneyland in its 10th anniversary themed decorations in East China’s Shanghai. [Photo/Xinhua] Executives from Walt Disney Co and its Chinese partners have expressed optimism about prospects for Shanghai Disney Resort, unveiling a series of expansion plans as the resort celebrated its 10th anniversary…
On Tuesday, Yum China Holdings announced that it has entered into a definitive agreement to take full ownership of the Pizza Hut brand on the Chinese mainland in a $1.2 billion deal, a strategic shift that will eliminate ongoing royalty payments to Yum Brands. The move gives Yum China direct control of one of its…
As preparations accelerate for the 2026 Aichi-Nagoya Asian Games, which will kick off in less than 100 days, Chinese home appliance maker Haier has recently announced that its water purification systems have been installed in the National Olympic Sports Center in Beijing to support athletes and staff members during training and daily operations. According to…
Boeing Shanghai Aviation Services opens a new maintenance facility capable of servicing up to six aircraft simultaneously. [Photo provided to chinadaily.com.cn] A Boeing-backed aircraft maintenance joint venture in Shanghai has opened a new maintenance facility capable of servicing up to six aircraft simultaneously, expanding capacity as global airlines seek additional maintenance, repair and overhaul services…
Following a leadership shake-up at Sam’s Club China’s chairman level, the company’s chief merchandising officer role has also seen a transition. On June 17, Zhang Qing, chief merchandising officer of Sam’s Club China, resigned for personal reasons and will officially step down at the end of June 2026. In response, Sam’s Club said it is…
A Walmart store in Yichang, Hubei province, on June 6. LIU JUNFENG/FOR CHINA DAILY Walmart China will significantly strengthen food safety and compliance controls, the retail giant said after China’s top market regulator summoned its local membership retail arm Sam’s Club China over repeated food safety violations. The undertaking by Walmart China followed an official…
Walmart is reported to be planning a recalibration of its physical retail presence in Beijing through the introduction of a new generation of smaller-format stores, signaling a strategic shift in response to the country’s rapidly evolving retail landscape. The step will mark a significant development as Walmart has, for some years, refrained from prioritizing the…
China’s large domestic market and commitment to high-standard opening-up continue to appeal strongly to international businesses. As highlighted at the 7th Qingdao Multinationals Summit, which kicked off on Tuesday in Qingdao, Shandong province, China will further boost domestic demand during the 15th Five-Year Plan (2026-30), creating substantial new opportunities for multinational companies around the world.…
Yum China Holdings is moving to take full ownership of the Pizza Hut brand on the Chinese mainland in a $1.2 billion deal, a strategic shift that would eliminate ongoing royalty payments to Yum Brands. The move gives the company direct control of one of its most profitable and fast-growing restaurant businesses. The transaction is…