Huawei Technologies Co said on Tuesday that it delivered a stable performance in 2025, with global revenue reaching 880.9 billion yuan ($127.7 billion), the company’s second-highest annual tally, marking a 2.2 percent increase year-on-year. Net profit stood at 68 billion yuan, up 8.7 percent from a year earlier, the company said. “In 2025, Huawei’s overall…
Insilico Medicine Cayman TopCo, a Hong Kong-based AI-driven drug discovery startup, said on Monday that it has entered into a global licensing and research deal with US pharmaceutical giant Eli Lilly worth up to $2.75 billion to advance drug discovery across multiple therapeutic areas. Under the agreement, Lilly will obtain an exclusive worldwide license to…
Insilico Medicine Cayman TopCo, a Hong Kong-based AI-driven drug discovery startup, said on Monday that it has entered into a global licensing and research deal with US pharmaceutical giant Eli Lilly worth up to $2.75 billion to advance drug discovery across multiple therapeutic areas. Under the agreement, Lilly will obtain an exclusive worldwide license to…
A temporary software glitch briefly allowing some iPhone and iPad users in China to download and activate Apple Intelligence, Apple’s on-device AI suite that has not yet officially launched in the country, has been resolved, Apple confirmed on Tuesday. In a statement provided to China Daily on Tuesday, Apple said the bug momentarily enabled access…
Chinese online video platform iQIYI said on Monday that it has filed an application with the Hong Kong stock exchange, seeking approval to list its Class A ordinary shares. It also announced a new share repurchase program of up to $100 million over the next 18 months, effective immediately upon approval. The buyback may include…
UK-based company Arm Holdings has unveiled its first in-house chip designed for artificial intelligence data centers, and more importantly, plans to sell the product in China. Rene Haas, chief executive officer of Arm, said in an online interview that the new data center central processing unit, the Arm AGI CPU, is eligible for sale in…
JD’s $2.5 billion bid for Ceconomy, the owner of Europe’s MediaMarkt and Saturn chains, has run into regulatory resistance in Austria, with the Chinese e-commerce giant warning that the deal’s completion is now “questionable”. JD warned in a statement that the deal is facing review hurdles from Austrian authorities and “whether the transaction can be…
Brian McNamara, CEO of Haleon, told China Daily in an interview that China plays such an important role because it’s such a big market for the company. “It’s our No 2 market globally. We see really good growth and we see the opportunities to really help Chinese consumers with our product platforms.” On March 13,…
A view of Santen Vision Park in Suzhou, Jiangsu province. CHINA DAILY With patients’ needs as a top priority, Japan-headquartered global ophthalmic company Santen Pharmaceutical is upbeat about the Chinese market and is accelerating approvals by integrating China earlier into global development and registration plans to fulfill its long-term commitment in China for Chinese patients,…
Bernd Montag, CEO of Siemens Healthineers China’s accelerated transition toward innovation-driven growth and a stronger focus on chronic disease management is opening up new opportunities for global med-tech companies, Siemens Healthineers CEO Bernd Montag said, as the company deepens investment in this key market. In an exclusive interview with China Daily on the sidelines of the recent…