SpaceX’s decision to bar Chinese mainland and Hong Kong investors from its $75 billion IPO underscores a growing global trend of technology decoupling, which Chinese companies must heed without altering their global outreach, said experts on Tuesday. Underwriters for SpaceX, the space exploration company founded by Elon Musk, said on Friday that they are instructed…
Yutong’s 26-meter pure electric buses, known as “land trains”, can carry up to 270 passengers in a single trip in Mexico City. [Photo provided to chinadaily.com.cn] As the FIFA World Cup 2026 approaches, Mexico City is overhauling its public transport fleet to welcome the expected surge of global fans, and Chinese bus manufacturer Yutong Bus…
State Grid Jinhua Power Supply Company recently completed construction work at the 110-kilovolt Litian Substation in Jinhua, Zhejiang province, to support power line relocation for the Jinhua railway hub expansion and reconstruction project, the company said. The work, carried out ahead of the summer electricity peak, is expected to strengthen local grid reliability and support…
Consumers are seen at a Haagen-Dazs store in Beijing on May 15. CHINA DAILY General Mills Inc’s recent decision to sell its Haagen-Dazs ice cream shops on the Chinese mainland to an investor group that includes Ningji, a fast-growing Chinese tea brand, signals intensifying competition in the country’s ice cream market, amid consumer desire for…
A worker is on duty at Marco Polo Holdings’ Shatian digital and intelligent factory in Dongguan, Guangdong province, in May. CHINA DAILY What does a ceramic tile factory look like in the age of artificial intelligence? The answer, at least at Marco Polo Holdings’ Shatian digital and intelligent factory in Dongguan, Guangdong province, is probably…
State Grid Jinhua Power Supply Company is strengthening tailored power services for local manufacturers, as rising temperatures drive up industrial electricity demand and put pressure on production facilities. The company recently carried out an on-site assessment at Zhejiang Bahe Electromechanical Technology Co, a key manufacturer in its service area, to review its power use and…
China’s market regulator has summoned executives of convenience store operator Meiyijia Holdings Co Ltd after inspections and media reports uncovered food safety violations, the State Administration for Market Regulation said on Monday. The SAMR said it recently conducted a regulatory interview with the company’s management team, requiring the retailer to strengthen food safety controls and…
The new outlet, Zara’s second landmark store in Shanghai following the upgrade of its Asia-Pacific flagship on Nanjing Road last year, spans nearly 2,000 square meters across five floors. [Photo provided to chinadaily.com.cn] Fashion retailer Zara opened a new flagship store on Shanghai’s Huaihai Middle Road, one of the city’s premier shopping destinations, on Saturday,…
Huawei director and CEO of Huawei Cloud Zhou Yuefeng. [Photo provided to chinadaily.com.cn] Huawei Technologies Co is stepping up efforts to promote the development of public cloud as the key to boosting AI productivity and offering inclusive services. Zhou Yuefeng, Huawei director and CEO of Huawei Cloud, called for accelerating public cloud adoption as a cornerstone…
A view of the Dushanzi petrochemical plant, a subsidiary of the central State-owned company China National Petroleum Corp, located in the Dushanzi district of Karamay, Xinjiang Uygur autonomous region. [Photo by Mao Weihua/chinadaily.com.cn] The Dushanzi petrochemical plant, a subsidiary of the central State-owned company China National Petroleum Corp, held a news conference on Friday introducing…