McDonald’s China opens a new restaurant in Beijing in July. [Photo provided to chinadaily.com.cn] McDonald’s China’s plan to open 1,000 new stores annually and reach as many as 10,000 locations by 2028 is on track, boosted by innovation and localization, according to its top executive. The food service chain unveiled a report recently to mark…
Chris Lai (left), co-founder and CEO of METiS Technologies, and Ren Peng(right), chairman and general manager of Shunxi Management Co Ltd, a general partner of the Beijing Medical and Health Industry Investment Fund pose for a photo. [Photo provided to chinadaily.com.cn] METiS Technologies, a Beijing-based company focused on AI-driven nanodelivery innovation, has completed its 400…
Consumers try out L’Oreal cosmetics during the seventh China International Import Expo in Shanghai in November. CHEN HAOMING/XINHUA L’Oreal Group reported a modest rise in first-half earnings, fueled by double-digit growth in emerging markets and a return to growth on the Chinese mainland. Sales in the six months through June rose 3 percent on a…
State Grid Corp of China, the world’s largest utility that is crucial to the country’s economic lifeline, is vowing to improve high-quality services in a bid to bolster the reliability of its power supply. While outlining the prioritized 10 aspects of work in 2025, State Grid President Pang Xiaogang called on power workers nationwide early…
The Hong Kong High Court has frozen a bank account containing $1.8 billion amid a legal battle over the inheritance of the Zong Qinghou, late founder of China’s leading beverage giant Hangzhou Wahaha Group. The defendant in the case is Zong’s daughter and current Wahaha CEO Kelly Zong Fuli, who has been sued by Zong’s…
JD delivery worker Li Hualu displays a notification that says he now has full social insurance and a housing provident fund on March 6 in Hangzhou, Zhejiang province. Local media reported that he was the first delivery rider to enjoy such benefits in the city. BU ENSA/HANGZHOU DAILY China’s leading e-commerce and food delivery platforms…
[Photo provided to chinadaily.com.cn] As a company with three decades worth of experience, Seasun Games has reached the prime time to make bold steps in overseas markets and reach more players with quality games, said Yao Zhe, vice-president of the Zhuhai-based game company in an exclusive interview with China Daily on Thursday. The Mecha Break…
Chinese vaccine company Sinovac Biotech Ltd has received official approval from the country’s health regulators for the re-registration of Bilive, a combined hepatitis A and B vaccine. As the only vaccine of its kind approved for sale in China, the vaccine is set to play an important role in supporting the country’s efforts to eliminate…
Consumers browse products at Ikea, a Swedish home furnishings and housewares retailer, in Beijing in August 2024. [SONG YU/FOR CHINA DAILY] STOCKHOLM — As the European Union and China mark 50 years of diplomatic ties, Swedish businesses are looking to deepen their engagement with the world’s second-largest economy, with experts and business leaders calling for…
CEO Tim Cook (left) attends the 2025 Apple Worldwide Developers Conference (WWDC25) in Cupertino, California, the United States, June 9, 2025. [Photo/Xinhua] SAN FRANCISCO — Apple on Thursday announced financial results for its fiscal 2025 third quarter that ended on June 28, with quarterly revenue of $94 billion, up 10 percent year-over-year. The company posted…