A view of Nestle’s exhibition stand at the seventh China International Import Expo in Shanghai in November. CHINA DAILY Global food and drink company Nestle has acquired the remaining 40 percent stake in Chinese confectionery company Hsu Fu Chi from the founding Hsu family, giving it full ownership of the brand as part of efforts…
Chinese company Inspur Cloud is pushing forward with a major strategic upgrade of its cloud infrastructure, aiming to meet surging customer demand for AI-powered solutions and drive nationwide intelligent transformation across industries, its chairman said. Xiao Xue, executive president of Inspur Group and chairman of Inspur Cloud, said in an interview that in response to…
Multinational pharmaceutical company AstraZeneca is bullish about China’s role as a global innovation powerhouse, underpinned by the country’s sound prospects as well as its growing innovation capability in new and emerging sectors, its top executive said. Pascal Soriot, global CEO of AstraZeneca, said in an exclusive interview with China Daily that the company is investing…
Ajlan & Bros’ booth is seen during a services expo in Beijing. CHINA DAILY Ajlan & Bros Group, the largest Saudi Arabian private sector conglomerate in China, said it has been benefiting from the country’s improving business environment and further opening-up, citing a surge in new foreign investments as evidence of the market’s growing appeal.…
China is emerging as an innovation-centric economy, with technological advances setting the stage for global shifts, while foreign companies can leverage their expertise around the world to help Chinese businesses bolster digital transformation, said Samantha Zhu, chairperson of Accenture Greater China. “For businesses in China looking to boost their productivity and maintain competitiveness, technologies led…
NIVEA products are on display at a retail counter in Changzhou, Jiangdu province, on Oct 6, 2024. [Photo/VCG] Nivea, using its parent company Beiersdorf’s patented anti-spot ingredient Thiamidol 630, will start mass production of its new product in its Shanghai facility in July, with roll out to the market expected two months later. The announcement…
BEIJING – China’s reform efforts to promote research and development on medical innovation and shorten the review and approval time for the launch of related drugs have provided innovation-driven pharmaceutical firms with greater opportunities, a senior executive with US medicine giant Eli Lilly and Company said. “Related reforms have stimulated innovation in the pharmaceutical sector,…
FedEx employees unload cargo from an aircraft at Guangzhou Baiyun International Airport in Guangdong province in March. CHINA DAILY FedEx Corp plans to further expand its presence in China as the United States-based express transportation service provider aims to fortify supply chains and boost investment in response to China’s pivotal role in the global economy, the…
The nation’s first full-link integrated test on large-scale vehicle-to-grid interaction kicks off in Shanghai on March 31. [Photo provided to chinadaily.com.cn] The nation’s first full-link integrated test on large-scale vehicle-to-grid (V2G) interaction was kicked off in Shanghai on March 31, according to the State Grid Shanghai Municipal Electric Power Co. Shanghai was among the first…
The logo of US pharmaceutical company Pfizer at the 7th China International Import Expo in Shanghai, on Nov 7, 2024. [Photo/VCG] BEIJING – US pharmaceutical giant Pfizer’s new research and development (R&D) center officially opened at BioPark in the Beijing Economic-Technological Development Area (BDA) on Saturday. As the company’s third R&D center in China, the…