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Embarking on AI path with Chinese style

Guo Wei (second right), chairman of Digital China, and other panelists attend a seminar on global vision and enterprise innovation in the artificial intelligence era held at the University of Cambridge, United Kingdom, on March 13. CHINA DAILY China’s progress in artificial intelligence has jolted the tech world, with the meteoric rise of Chinese AI large…

Kingdee boosts global operations with AI power

Kingdee Chairman and CEO Robert Xu (center) celebrates with colleagues on March 17 in Hong Kong after the company’s fiscal year 2024 annual results announcement. CHINA DAILY For Ritar International Group headquartered in Shenzhen, Guangdong province, with a global workforce of over 6,500, managing staff members scattered across various geographies and locales can be a difficult…

Pop Mart eyes bigger footprint worldwide

Pop Mart International Group Ltd expects annual revenue to reach 20 billion yuan ($2.75 billion) in 2025, reflecting a 50 percent year-on-year rise, and anticipates growth in overseas markets to exceed 10 billion yuan as the company pushes to become a global cultural and consumer brand, its top executive said. The company said on Wednesday…

China’s SOEs maintain sound operations in first two months

The green power facilities in the Xinjiang Uygur autonomous region. [Photo provided to chinadaily.com.cn] BEIJING – China’s State-owned enterprises (SOEs) maintained steady operations in the first two months of the year, according to official data released on Thursday. Data from the Ministry of Finance showed that during the period, the SOEs generated nearly 12.49 trillion…

Honeywell among 32 global firms granted partnership by Shanghai’s Pudong

A view of the Lujiazui area in Shanghai. [Photo/Xinhua] A total of 32 international industry leaders, including Guotai Junan Securities, multinational conglomerate Honeywell and domestic augmented reality glasses maker Xreal, were granted the Win-win Pudong Partnership on Thursday. The new partnership mechanism was launched during a Pudong’s investment promotion conference held on Thursday. The mechanism…

CEEC aiming for larger energy transition mandate

Experts and industry insiders attend a panel discussion on energy transition at the Boao Forum for Asia Annual Conference in Hainan province on Wednesday. FENG YONGBIN/CHINA DAILY China Energy Engineering Corp Ltd is planning for a bigger role in global energy transition and infrastructure development through its latest efforts to expand green hydrogen and artificial intelligence,…

Heraeus launches $83.6m quartz plant in China’s Shenyang

Visitors gather at German technology group Heraeus’ booth during the seventh China International Import Expo in Shanghai last week. [Photo/China Daily] SHENYANG — German technology company Heraeus Group on Tuesday officially launched its new quartz manufacturing plant in Shenyang, the capital of Northeast China’s Liaoning province, in its latest move to deepen Sino-German manufacturing cooperation.…

Apple announces new clean energy fund in China

BEIJING – US tech giant Apple on Monday said it will invest 720 million yuan ($100.31 million) to launch a new clean energy fund in China. The investment fund seeks to add around 550,000 megawatt-hours of wind and solar energy generation capacity to China’s power grid annually, with this figure expected to increase as more…

TCP Group boosts investment in China, eyes economic opportunities

Saravoot Yoovidhya, CEO of TCP Group, delivers a speech at the 2025 China Development Forum, on March 24, 2025. [Photo provided to chinadaily.com.cn] Thailand’s TCP Group, the owner of the Red Bull brand, is increasing its investment in China, capitalizing on the country’s continued economic resilience and commitment to market reforms, CEO Saravoot Yoovidhya said…

Chinese commerce minister meets with Cargill CEO

BEIJING – Chinese Commerce Minister Wang Wentao on Monday met with Brian Sikes, president and CEO of Cargill in Beijing, according to a statement released by the Ministry of Commerce. During the meeting, the two sides exchanged views on topics including Cargill’s business development in China, as well as China-US economic and trade relations. Wang…