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ZF Group poised to propel growth in China’s automotive industry

Holger Klein, CEO of ZF Group. [Photo provided to China Daily] The world’s leading technology company and automotive supplier ZF Group has reinforced its dedication to boosting the high-quality development of China’s automobile industry amid rapid advancements in intelligence and electrification. Holger Klein, CEO of ZF Group, highlighted the effects of artificial intelligence on mobility…

Chinese commerce minister meets with Apple CEO Tim Cook

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

Chinese commerce minister meets with Qualcomm CEO

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

Pharma firm enthused by deep access to China

Visitors gather at UCB’s booth during the fifth China International Import Expo in Shanghai in November 2022. [Photo provided to China Daily] China’s commitment to foster innovation and advance high-standard opening-up has provided global pharmaceutical companies with broader access to its vast consumer base, enabling them to introduce innovative medical solutions to the world’s second-largest…

BMW senior executive: China is an innovation hub

“China is the hub of innovation,” Sean Green, president and CEO of BMW Group Region China, said at China Development Forum on Sunday. Spotlighting China’s innovation ecosystem exemplified by tech pioneers such as DeepSeek, he reveals BMW’s “Developed in China for the global market” strategy. By co-creating with local partners to meet the world’s most…

Standard Chartered Bank Group CEO stresses broad business prospects in China thanks to innovation, opening up

BEIJING – As China’s high-tech sector thrives and Chinese firms continue to explore opportunities overseas, the China-related business of Standard Chartered Bank has seen a robust growth and enjoys broad prospects, said Bill Winters, group CEO of the banking corporation. Winters made the remarks in an interview with Xinhua ahead of the China Development Forum…

Smart home tech propels Arrow’s global foray

Visitors gather at Arrow’s booth during the spring edition of the Home China Expo in Shanghai on Sunday. CHINA DAILY Chinese home furnishings maker Arrow Home Group is accelerating its international expansion, betting on smart technology and localized innovation to capture growing demand in key global markets, including the United States and Europe, as well as…

Openness, predictability key to investments

From left to right: Denis Depoux, global managing director of Roland Berger; Nancy Wang, country manager at LinkedIn China; Bernard Sim, general manager for China at Scoot; Martin Xu, general manager of Chinese Mainland, Commercial and Operations at Cathay Pacific. [Photo provided to chinadaily.com.cn] Editor’s Note: This year marks a critical milestone as China concludes its 14th Five-Year Plan.…

ANTA sees its revenue jump 13.6% to around 71b yuan

Anta Sports, a leading sportswear firm. [Photo by Sun Chi/chinadaily.com.cn] ANTA Sports Products Limited saw its revenue surge to 70.83 billion yuan, marking a 13.6 percent increase year-on-year, according to its annual results for the year ending on Dec 31, 2024. The company’s profit from operations climbed by 8 percent to reach 16.60 billion yuan.…

Wumart takes inspiration from Pangdonglai to transform its business

A Wumart supermarket is seen in Beijing on Aug 7, 2018. [Photo/Sipa] Wumart Group has used best practices from its counterpart, Pangdonglai, to transform its store in Beijing, marking an important change in its retail approach, which is highlighted by streamlined assortment and caring for the workforce. Located on Xueqing Road, the newly renovated Wumart…