A view of a KCOFFEE cafe in Beijing in September. [CHINA DAILY] Fast-food giants Yum China and McDonald’s China expanded rapidly in 2024, opening record numbers of new stores and deepening their market presence. With a focus on operational efficiency, product innovation — especially in coffee — and increased reach in lower-tier cities, both companies…
Employees check auto components at a German funded high-tech company in Suzhou, Jiangsu province.[JI HAIXIN/FOR CHINA DAILY] In Taicang, a county-level city in Suzhou, East China’s Jiangsu province, runs the No 103 bus route. The route is peppered with stops that are mostly named after German companies, such as Krones, a leading beverage filling and…
Employees of Guangdong Xiangguan Optoelectronics work at a research facility in Dongguan, Guangdong province. The company is a major producer of mid- to high-end light-emitting diodes and LED application products. [CHINA DAILY] In the production workshop of Emma CNC Technology Co in Dongguan, Guangdong province, workers are busy debugging intelligent cutting devices and directing them…
[Photo/VCG] Chinese tech heavyweight ByteDance announced on Thursday the launch of its new model architecture, UltraMem, which reduces the inference costs of artificial intelligence-powered models by up to 83 percent. According to the company’s Doubao LLM team, UltraMem enhances the inference speed by 2 to 6 times compared to traditional MoE (mixture-of-experts) architectures. This technological…
Robin Li, co-founder and CEO of Baidu, speaks during a session at the World Governments Summit 2025 in Dubai, the United Arab Emirates, on Tuesday. AMR ALFIKY/REUTERS Continued investment in artificial intelligence infrastructure is still very much required despite Chinese AI startup DeepSeek’s open-source model challenging the cost efficiency of peers’ large language models, said Robin…
SHANGHAI — US entertainment company Warner Bros is set to launch a Making of Harry Potter studio tour in Shanghai in 2027, which analysts believe is a significant move underscoring US companies’ confidence in China’s vibrant consumer market. The Jin Jiang International Holdings Co Ltd, China’s major travel and hospitality conglomerate, on Wednesday confirmed the…
On Tuesday, Coca-Cola reported better-than-expected earnings for the fourth quarter and full year 2024, with strong volume growth in China driving global performance for the beverage corporation. In the fourth quarter, Coca-Cola’s net operating revenues grew 6 percent year-over-year to $11.54 billion, surpassing market expectations of $10.7 billion. Consolidated net income rose 11 percent to…
With the lifting of the first container at Shanghai Port on Monday, Gemini Cooperation officially launches operations at the port. [CHINA DAILY] Gemini Cooperation, a benchmark collaboration between Maersk and Hapag-Lloyd, officially started operations at the port of Shanghai on Monday, further consolidating Shanghai Port’s status as an international shipping hub amid the ongoing restructuring…
An Airbus A350 aircraft without livery is pictured in North China’s Tianjin municipality, Feb 11, 2025. [Photo/Xinhua] TIANJIN — An Airbus A350 aircraft without livery flew from Toulouse, France, to North China’s Tianjin municipality on Tuesday, marking the first such arrival in 2025, the European aircraft manufacturer Airbus said. The jet, which completed assembly overseas,…
StairMed, a Shanghai-based medical technology company, announced on Monday that it has raised 350 million yuan ($48 million) in Series B funding, marking the largest investment to date in China’s implantable brain-machine interface industry. The funds will be used to accelerate clinical trials, advance research and development of next-generation technologies and build a medical-grade microelectromechanical…