Chinese tech heavyweight Lenovo Group Ltd announced on Thursday that its revenue in the quarter ended December grew 20 percent year-on-year to $18.8 billion, marking the third consecutive quarter of double-digit growth as its investment in artificial intelligence drives businesses forward. Net income more than doubled year-on-year to $693 million, including a non-recurring income tax…
JD’s food delivery service is now available in 39 cities nationwide, with expansion plans underway. [Photo/VCG] Online orders in certain cities have surged over 100 times since the Chinese e-commerce giant JD launched its food delivery service on Feb 11, according to a report by Sina on Thursday. Some industry insiders believe that JD aims…
Staff members from the Yantai Power Supply under the State Grid visit an enterprise to aid in conducting electrical safety inspections. [Photo provided to chinadaily.com.cn] In mid-February, as production resumed on a large scale following the Spring Festival break, the Engineering Machinery Industrial Park in Laizhou, a county-level city in Yantai, Shandong province, bustled with…
CNOOC booth at an expo held in Shanghai on Dec 6, 2024. [Photo/VCG] CNOOC Limited announced on Monday that its Buzios7 project, located in the Santos Basin off the southeast coast of Brazil, has safely commenced production. With a water depth of 1,900 to 2,200 meters, the Buzios oilfield is the largest deep-water pre-salt oilfield…
Macao’s MPay becomes one of the first three international e-wallets supporting the Huawei watch, starting Feb 18. [Photo provided to chinadaily.com.cn] A senior business executive in Macao special administrative region said the first launch of a wearable payment solution in Macao not only enhances payment convenience for users but also injects fresh energy into its…
Chinese e-commerce giant JD has announced that, starting March 1, it will provide full-time food delivery riders with comprehensive social insurance and housing funds, while part-time riders will receive accident and health insurance. The move makes JD the first platform in China to offer such extensive insurance coverage for delivery personnel, underscoring its commitment to…
On China’s Spring Festival Gala, a group of humanoid robots dressed in floral cotton jackets performed a traditional yangge dance, which quickly went viral online. Six months ago, our reporter visited the company’s R&D site, where the robots competed in square dancing with the aunties. Apart from dancing, what else can humanoid robots do? Watch…
An array of excavators are arranged for export at a port in Yantai, Shandong province, on Friday. [TANG KE/FOR CHINA DAILY] Chinese equipment manufacturer Sany Heavy Industry Co Ltd unveiled plans on Wednesday for a proposed listing on the Hong Kong stock exchange. The company is presently engaged in discussions with relevant intermediaries to iron…
Private enterprises should play a vital role in bolstering technological innovation and making greater contributions to the development of the digital economy, said Qi Xiangdong, chairman of cybersecurity company Qi-Anxin Technology Group. His comments came as Chinese top leadership reiterated China’s commitment to boosting the private sector through concrete efforts to implement supportive policies and…
China National Petroleum Corporation (CNPC) announced on Tuesday that its Daji gas field, China’s first successfully developed deep coal-measure gas field, has achieved cumulative production of over 3 billion cubic meters. As one of the country’s first national coalbed methane demonstration projects, the field is located on the eastern edge of the Ordos Basin, and…