Zeiss Vision places high priority on China, vowing sustained investment and positioning the country not only as a key market but also as a core global innovation engine that drives advancements for the world, a senior executive said. For the next five years, the German manufacturer of eyeglass lenses and ophthalmic instruments will focus on…
Businesses in Asia are eyeing cooperation opportunities with China’s tech sector as the nation accelerates technological advancement and creates new forms of smart economy, a mission underlined in the recent Government Work Report delivered by Premier Li Qiang, senior company executives and experts told China Daily at a forum held in the Hong Kong Special…
DBS China has completed its first transition finance transaction, extending a 1.776-billion-yuan ($258 million) long-term factoring facility to CES International Financial Leasing Co Ltd, a subsidiary of China Eastern Airlines Holding Co Ltd, to support the aviation sector’s low-carbon transition. The deal marks DBS China’s first transition finance transaction aligned with the “Shanghai transition finance…
Murora, a Chinese AI-driven healthy lighting brand, unveiled its next-generation whole-home smart lighting solution at Light + Building 2026, a trade fair for lighting and building services technology held recently in Frankfurt. At the exhibition, the company presented two technologies — AI Voice Control and AI Self Adjusting Dimming — aimed at simplifying smart home…
Artificial intelligence is expected to boost efficiency, streamline decision-making and reshape the organizational structure of chip companies, while increasing demand for higher-skilled engineers, said Sun Yumin, an executive from Silergy. He made the remarks during a speech at the Hong Kong Web3 Festival while discussing the profound impact of AI on chip enterprises. Sun said…
Executives and guests attend an event announcing the first China office of Almirall, S.A., a Barcelona-based global biopharmaceutical company, in Shanghai on Thursday. [Photo provided to chinadaily.com.cn] Almirall, S.A., a Barcelona-based global biopharmaceutical company dedicated to medical dermatology, inaugurated its first China office in Shanghai on Thursday, aiming to create additional opportunities for innovation in medical…
China’s “Shopping in China” initiative is creating new opportunities for multinational companies as the country steps up efforts to boost inbound consumption and further open its consumer market, said Harley Seyedin, chairman and president of the American Chamber of Commerce in South China. “The ‘Shopping in China’ initiative marks a strategic shift that is transforming…
Elevator and escalator manufacturer KONE is doubling down on the Chinese market, its largest single market, as it rolls out ambitious modernization and digitalization initiatives. The Chinese market accounts for about 20 percent of the company’s global revenue. Joe Bao, president of KONE Greater China, said: “China hosts our largest manufacturing site, serving the local market…
Charles Leclerc walks into the Shanghai paddock on March 12. [Photo provided to chinadaily.com.cn] As the Formula 1 Chinese Grand Prix returns to Shanghai this month, PUMA SE is turning the fast-paced racing event into a growth engine for its ambitions in the world’s second-largest sportswear market. The German brand is leveraging the glamour and speed…
Editor’s Note: This year’s two sessions, which opened on March 4, come at a pivotal moment as China embarks on its 15th Five-Year Plan (2026-30). We invited executives from multinational corporations to share their perspectives on the resilience of China’s economic growth, the role of their China operations within global strategies, and their outlook for…