Two Nanjing Customs officers inspect export-bound vehicles at a container yard of Taicang Port, Jiangsu province. [Photo provided to China Daily] With rising protectionism creating strong headwinds for the global economy, Chinese companies have been proactively strengthening economic and trade ties by engaging with global business communities, ensuring the smooth operation of international supply chains…
Sino Biopharmaceutical Limited announced on Thursday that it had signed an exclusive strategic cooperation agreement with Sciwind Biosciences, a biotech company researching innovative treatments based in Hangzhou, Zhejiang province. The deal will bring in a candidate drug of Sciwind Bioscience, which is expected to become China’s first Class-1 innovative drug for nebulized treatment of pediatric…
The skyline of Beijing. [Photo/VCG] GUANGZHOU – The American Chamber of Commerce in South China (AmCham South China) released on Wednesday its 2025 Special Report on the State of Business in South China, which highlighted that the world’s second-largest economy continues to be an attractive investment destination. This year’s report, the 21st in the series,…
Representatives from Kingdee group and Qatar pose for photographs during the launch ceremony of Kingdee’s Qatar headquarters on Tuesday. [Photo provided to CHINA DAILY] Kingdee, a Chinese software as a service (SaaS) company serving over 7.4 million customers worldwide, has opened a regional headquarters in Qatar, intending to widen its footprint in the Middle East…
Consumers gather at a Mixue Bingcheng store in Shenzhen, Guangdong province. CHINA DAILY ZHENGZHOU – Chinese beverage company Mixue Bingcheng’s public offering subscription phase concluded on Wednesday, with the financing amount setting a new record for IPOs on the Hong Kong stock market. In its current IPO, Mixue Bingcheng, headquartered in Zhengzhou, capital city of…
Shanghai Electric Wind Power Group Co Ltd, the wind power arm of Shanghai Electric Group Co Ltd, bagged overseas orders of wind turbine equipment with a combined capacity of 1 GW last year, thanks to its enhanced capability under the going global strategy. “Facing the fierce competition, going global with capability enhancement becomes effective solution…
Rani Jarkas, chairman of Cedrus Group. Swiss biotechnology companies are stepping up expansion and investments in China, eyeing its huge market potential and improved policies to accommodate foreign capital, said executives and industry mavens. Bettina Ernst, a board member of Switzerland-based Versameb, said the pharmaceutical company is enthusiastic about collaboration opportunities in China, aimed at…
The Lenovo logo is seen in this illustration photo. [Photo/Agencies] Lenovo Group Ltd, the world’s largest personal computer maker, has reported a strong financial performance for the last quarter of 2024. The Beijing-based company said revenue in the quarter, which ended on Dec 31, grew 20 percent year-on-year to $18.8 billion, marking the third consecutive…
Signage for Chinese tech giant Alibaba is seen on a building in the Xuhui district in Shanghai on Feb 22, 2025. [Photo/VCG] Chinese tech giant Alibaba Group Holding Ltd announced on Monday its plan to invest over 380 billion yuan ($52.4 billion) in its cloud computing and artificial intelligence infrastructure over the next three years.…
CNOOC booth at an expo held in Shanghai on Dec 6, 2024. [Photo/VCG] China’s first oilfield from with reserves of super-heavy oil begins extracting reservoirs through thermal recovery. Luda 5-2 North Oilfield Phase II Development Project commenced production extraction on Friday, said its operator, CNOOC Limited. The project, located in the central part of the…