Samsung Electronics is planning to withdraw from China’s home appliance and television sales market, in a move that reflects intensifying competition and the growing dominance of domestic brands. According to a report by Nikkei, the South Korean tech giant is expected to make a final decision as early as the end of April to stop…
Samsung Electronics is planning to withdraw from China’s home appliance and television sales market, in a move that reflects intensifying competition and the growing dominance of domestic brands. According to a report by Nikkei, the South Korean tech giant is expected to make a final decision as early as the end of April to stop…
US technology company HP Inc is stepping up its investment and innovation efforts in China, betting on the country’s manufacturing strength, fast-evolving demand and growing role in global innovation to drive future growth, its senior executives said. “It’s an ever-dynamic market …which means it’s also an opportunity for us to evolve,” said Craig Bernero, senior…
Swedish industrial giant Atlas Copco Group is getting ready for China’s next growth phase driven by the 15th Five-Year Plan (2026-30), with continuous dedication to improving energy efficiency and offering cleaner and more reliable energy alternatives in the fast-evolving Chinese market, said a senior executive of the company. Alain Lefranc, vice-president of Atlas Copco Greater…
Resale prices for a Labubu-themed refrigerator have surged to nearly twice its retail price even before its official debut, as collectible toy maker Pop Mart pushes deeper into consumer categories to expand business scope. Listings on Chinese secondhand marketplace Xianyu show the limited-edition fridge priced as high as 10,000 yuan ($1,465), compared with an official…
Direct flights linking East China’s Shanghai and Tbilisi, the capital city of Georgia, are scheduled to begin service on July 15 by China Eastern Airlines, becoming the first route operated by the Shanghai-based carrier between China and Georgia. The Shanghai-Tbilisi route — a new destination added to China Eastern’s network in countries involved in the…
CNOOC employees work at an oil and gas processing facility in Tianjin on Dec 1. DU PENGHUI/XINHUA China National Offshore Oil Corporation (CNOOC) achieved a net output of 205.1 million barrels of oil equivalent in the first quarter of 2026, a year-on-year increase of 8.6 percent, hitting a new historical high. Among them, the net…
Chinese collectibles giant POP MART is bringing its fan-favorite IPs into everyday life with the launch of a Labubu-themed refrigerator, marking a broad entry into the home appliance market. According to an official announcement on April 24, the company will release the Labubu refrigerator at a retail price of 5,999 yuan ($877) on JD.com, with…
Visitors check out Midea’s products earlier this month at the Canton Fair in the South China city of Guangzhou. [Photo provided to China Daily] When waves of extreme summer heat swept across Europe last year, Dong Yunjun looked out from his office in Stuttgart, Germany, and saw several portable outdoor air-conditioning units hanging next to…
Visitors seen at Pop Land theme park in Beijing. China Daily Pop Mart International Group is accelerating its shift from a collectibles retailer into a full-fledged intellectual property company, as it expands its theme park business as a key testing ground for immersive, experience-driven growth. On Friday, Pop Land unveiled a major upgrade in Beijing,…