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…
People visit a moduling building factory in Riyadh, Saudi Arabia, on Feb 9, 2025. A moduling building factory under China Harbour Engineering Company’s Sedra project in Saudi Arabia has officially commenced operations. Spanning approximately 200,000 square meters, the factory will supply prefabricated components for the Sedra project’s fully modular villas, while laying the industrial foundation for…
RIYADH — The Chinese Tencent Cloud Company has launched its first Middle East Cloud Region in Saudi Arabia, featuring two availability zones with full redundancy, advanced cloud services and AI capabilities. In a statement on Sunday, the company revealed that the new availability zones, expected to be operational in 2025, will integrate Saudi Arabia into…
With the lifting of the first container at the Shanghai Port on Feb 10, the Gemini Cooperation officially launches its operation at the port, said Shanghai International Port (Group) Co Ltd. [Photo provided to China Daily] With the lifting of the first container at the Shanghai Port on Feb 10, the Gemini Cooperation officially launched…
A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY] A new port service-focused intelligent model, known as the Ark TaaS (Trade as a Service) model, recently began a public beta phase in Qingdao, Shandong province. The model is a collaborative project between Qingdao Port of Shandong Port Group and Shandong Port Science…
A technician inspects a turbine at a wind farm in Hinggan League, Inner Mongolia autonomous region, in May 2023. [WANG ZHENG/FOR CHINA DAILY] BEIJING — China’s new energy storage sector saw rapid growth in 2024, with installed capacity surpassing 70 million kilowatts, said an official with the National Energy Administration. Bian Guangqi, deputy director-general of…
An employee works at an automobile assembly workshop in Chongqing in January. WANG QUANCHAO/XINHUA BEIJING — More and more Chinese motorists are choosing to drive home for Spring Festival family reunions using new energy vehicles, aided by better charging and insurance services, according to experts. Hua Lei, an official with the Ministry of Transport, said that…