China’s first self-developed ultra-deep-water gas field, Shenhai-1, reached full production on Wednesday, becoming the country’s largest offshore gas field by output, according to operator China National Offshore Oil Corp (CNOOC). All 23 subsea wells at the field are now in operation, reaching a peak daily capacity of 15 million cubic meters, it said.The full commissioning…
Anhui Province Energy Group Co Ltd, a State-owned enterprise at the heart of China’s power transition and regional development, is stepping up efforts to promote employment and talent development as part of its high-quality growth push. The group, as a major player in the country’s energy supply security, low-carbon transition and industrial transformation, said that…
Baristas work at a Starbucks Reserve Roastery in Jing’an district, Shanghai, on May 15. WANG GANG/FOR CHINA DAILY Starbucks Corp is reportedly exploring strategic opportunities for its China operations, including potential partnerships or a partial stake sale, to reinvigorate growth in its second-largest market. On Tuesday, the US coffee giant told Chinese media outlet Jiemian…
A Kenya Airways Boeing 787-8 lands at Baiyun International Airport in Guangzhou, Guangdong province, in January 2021. LI TONG/FOR CHINA DAILY Noting that it is highly confident in the growth potential of China’s air travel market, Kenya Airways, the national airline of Kenya, said it plans to launch direct flights connecting Nairobi and Beijing Daxing International…
CNOOC Limited announced on Tuesday that its wholly owned subsidiary, CNOOC Hong Kong Holding Limited, has entered into the Contract for Exploration and Production of Hydrocarbons (EPC) on the Zhylyoi Subsoil Area with the Ministry of Energy of the Republic of Kazakhstan and Joint Stock Company National Company KazMunayGas (KMG). The Zhylyoi Subsoil Area is…
Get ready for a brick-tastic adventure! Click the video and learn about the cool discoveries by China Daily reporters at the Shanghai Legoland. The park, opening to the public on July 5, features eight themed lands, including Lego Monkie Kid inspired by the classic Chinese novel Journey to the West. Tanks to chinadaily.com.cn Please visit:…
Cainiao, the logistics arm of Chinese tech heavyweight Alibaba Group, announced on Monday that it has established a cross-border logistics network among six Gulf countries in the Middle East, with the shortest delivery time being three days. The move marks a significant breakthrough in Cainiao’s logistics capability to different countries, and a landmark in Chinese…
From manufacturing to internet technology, and consumer goods to financial services, Chinese firms in various sectors are looking to expand their presence, as well as attaching more importance to brand building, in overseas markets. Given fierce competition and limited brand awareness in overseas markets, more Chinese brands prefer to enhance their brand influence and conversion…
MiniMax is one of China’s leading AI startups located in Shanghai’s Xuhui district. [Photo by Li Junfeng/chinadaily.com.cn] Shanghai-based AI company MiniMax recently launched its large-scale open-source reasoning model MiniMax-M1, claiming performance on par with top players with competitive cost efficiency. MiniMax-M1 boasts the world’s first open-source, large-scale, hybrid-attention reasoning model, outperforming all Chinese closed-source models…
With China accelerating industrial upgrade and prioritizing supply chain stability, Stratasys Ltd, the United States-based three-dimensional (3D) printing product manufacturer and solutions provider, will ramp up its expansion in China by promoting distributed manufacturing and sustainability-driven innovation, said its top executive. The company said this move is part of its broader strategy to assist local…