Starbucks China launches “a store for each community” initiative on Wednesday. [Photo provided to chinadaily.com.cn] Starbucks China mapped out on Wednesday a three-year expansion plan following the launch of its joint venture with Boyu Capital, as the coffee chain seeks to accelerate growth in lower-tier markets and enhance customer experience through localized innovation. The partnership,…
A visitor takes a photo of exhibits at Schott AG’s booth during a trade fair in Shanghai. CHINA DAILY German tech firm Schott AG is targeting a sharp acceleration in China, pledging to at least double the company’s growth rate in the world’s second-largest economy, with the country leveraging high-tech manufacturing and greater openness to…
Acwa, an energy and water desalination company based in Riyadh, Saudi Arabia, will step up investments in China over the next five years as it seeks to deepen its presence in renewables, water desalination and green hydrogen, a senior executive said. The company remains confident in China’s medium — and long-term economic prospects despite rising…
Starbucks China launches a new high-protein beverage range across its nationwide store network on Tuesday. [Photo provided to chinadaily.com.cn] Starbucks China is expanding into functional beverages in the country, aiming to capture health-conscious consumers and revive growth in a competitive coffee market. The coffee chain launched a new high-protein beverage range across its nationwide store network…
Chinese motorcycle manufacturer CFMoto launched the 500SR and staged the dynamic domestic debut of its V4 SR-RR during the 2026 CFMoto Day at Chengdu Tianfu International Circuit, marking the first time the event has been held in Southwest China. The V4 SR-RR — presented by the company as the first liter-class superbike developed by a…
Employees work on an Otis assembly line at the Tianjin Economic-Technological Development Area, also known as TEDA, in Tianjin. CHINA DAILY Otis Worldwide Corp is strategically targeting China’s “replacement wave” of older elevators, capitalizing on national policies promoting large-scale equipment renewals to expand its local footprint. China remains one of the group’s most dynamic and…
Visitors check out exhibits at Rio Tinto’s booth during the eighth China International Import Expo in Shanghai in November. CHINA DAILY Rio Tinto is strategically targeting China’s growing demand for critical minerals, capitalizing on the country’s energy transition and high-quality development goals to expand its footprint in its largest market. China remains central to the…
German logistics services provider DHL will put into operation its super gateway in Shenzhen, Guangdong province during the second half of the year, a senior executive said. This comes amid shifting trade patterns and surging demand for quicker logistics services in the country. John Pearson, CEO of DHL Express The facility will expand capacity for…
Forging closer ties with local partners while fully embracing emerging technologies is key to Mastercard’s evolution from traditional card-centric businesses to a global money movement network, said Pratik Khowala, the company’s executive vice-president and global head of transfer solutions. Khowala made the remarks during an exclusive interview with China Daily in March, when Mastercard announced…
In this file photo taken on May 10, 2019 an Apple logo is displayed at store in Shanghai. [Photo/VCG] Attackers are exploiting tools targeting Apple terminals to launch cyberattacks that can lead to information theft and full device compromise, China’s Ministry of Industry and Information Technology has warned. According to the National Vulnerability Database, a…