The LEGO Formula 1 speed station on Nanjing Road in Shanghai. [Photo provided to chinadaily.com.cn] The LEGO Group is strengthening its long-term strategy in China with continued investments in product innovation, retail optimization and brand building, bolstered by the highly anticipated opening of the country’s first-ever LEGOLAND this summer. Niels B. Christiansen, CEO of the…
CNOOC Limited announced on Monday that the Caofeidian 6-4 oilfield comprehensive adjustment project and the Wenchang 19-1 oilfield phase II project have commenced production. The Caofeidian project is located in the western part of the Bohai Sea, with an average water depth of approximately 20 meters. The main production facility is a new production wellhead…
Global sandwich giant Subway’s new store in Chengdu, Sichuan province, China in 2024. [Photo provided to chinadaily.com.cn] Global sandwich giant Subway has rolled out a comprehensive expansion strategy for the Chinese market, targeting 300 to 500 new stores annually over the next five to 10 years as part of its brand revitalization. The plan was…
From left to right: Winnie Ma, president for APAC Region at VF Corporation; Willie Tan, CEO of Skechers China, South Korea and Southeast Asia; Grace Dong, president of Avnet China; Benjamin Ling, regional president Asia at Roehm. [Photo provided to chinadaily.com.cn] Editor’s Note: This year marks a critical milestone as China concludes its 14th Five-Year Plan. To help in…
Pedestrians walk past an Urban Revivo store in Jing’an district, Shanghai, on Sept 4, 2024. [Photo/VCG] Chinese retailer Fashion Momentum Group’s Urban Revivo brand officially made its debut in the United States last month by opening its first flagship store in New York’s SoHo district, marking the continuation of its global expansion. The 2,855-square-meter store…
A booth of China International Marine Containers Group (CIMC) at Intermodal Asia 2024 held in Shanghai, on May 21, 2024. [Photo/VCG] Chinese logistics and energy equipment maker China International Marine Containers Group (CIMC) said it has made significant strides in overseas markets this year, as it capitalized on growing demand for its products to secure…
“The way of doing business here in China is extremely fast and extremely business-oriented,” said Bernd Schlegl, managing director of FORM segment at Semperit Group. China offers a good business environment for multinational companies to grow, invest and develop. Located in Fengxian district in Shanghai, the company has received huge support. Tanks to chinadaily.com.cn Please…
Shoppers browse fruit at a Sam’s Club store, a membership-only chain under Walmart, in Suzhou, Jiangsu province, on Feb 8. CHINA DAILY The Ministry of Commerce and other relevant authorities have met with Walmart Inc to discuss the US retailer’s recent plea for price cuts from Chinese suppliers, a move which underscores growing anxiety by…
From left to right: Lyu Shuping, president of Xylem China; Yann Bozec, president of Tapestry Asia-Pacific; Tetsuya Iwasaki, president of Epson China; David Poon, president of Infineon Technologies Greater China. [Photo provided to chinadaily.com.cn] Editor’s Note: This year marks a critical milestone as China concludes its 14th Five-Year Plan. To help in assessing the success of the process, we…
Wang Gang, chairman of photovoltaic material company Jinjing Group, poses in front of the Great Hall of the People in Beijing during the two sessions. [Photo provided to chinadaily.com.cn] Expressing confidence in China’s modernization process and its positive impact on private enterprises, Wang Gang, chairman of Shandong-based photovoltaic material company Jinjing Group, said at the…