The Estee Lauder Companies Inc announced strong financial results for the second quarter of fiscal year 2026 on Feb 5. [Photo provided to chinadaily.com.cn] The Estee Lauder Companies Inc announced strong financial results for the second quarter of fiscal year 2026 on Feb 5, driven by a 13 percent year-on-year increase in organic net sales…
Visitors gather at Schneider Electric’s booth during an expo in Shanghai in December. CHINA DAILY China is a “pioneer” in the global energy transition, outpacing other nations through consistent long-term planning and massive infrastructure investment, according to a senior executive. “You can call us a foreign company, but we are extremely local,” said Frederic Godemel,…
Meituan, a major Beijing-based delivery and lifestyle services company, said on Thursday it has agreed to buy 100 percent of the China business of fresh-food, instant-retail platform Dingdong Maicai for an initial consideration of about $717 million, as the company looks to bolster its position in China’s fast-growing same-day grocery segment. The transaction, which was…
Sony Group Corp raised its annual operating profit forecast for fiscal year 2025 on Thursday, following a 22 percent year-on-year increase in third-quarter operating profit. The Japanese tech giant reported steady performance in the third quarter of the 2025 business year, with sales reaching 3.71 trillion yen ($26.5 billion), a 1 percent year-on-year increase, and…
As the 40-day Spring Festival travel rush started on Feb 2, Chinese railway operators have intensified efforts to better transport aviation kerosene, helping ensure the smooth flow of air traffic. By strictly following rail transport rules on dangerous goods, staff members of Yuci Station in Shanxi province have upgraded the closed-loop management on aviation kerosene,…
Huangpu Wenchong Shipbuilding signed a contract with Taiwan-based Evergreen Marine Corp. on Wednesday to build sixteen 3,000-TEU container vessels valued between $736 million and $896 million. [Photo provided to chinadaily.com.cn] CSSC Huangpu Wenchong Shipbuilding signed a contract with Taiwan-based Evergreen Marine Corp on Wednesday to build sixteen 3,000-TEU container vessels valued between $736 million and…
A range of ABB Robotics products has obtained China Robot (CR) certification, making the company the first multinational corporation to pursue and secure the certification for its full product portfolio in China. CR certification is an authoritative safety and quality certification system for China’s robotics industry. Launched in 2016 under the joint guidance of several…
If you peeked into Rio Tinto’s global “shopping cart” for 2025, you wouldn’t just find the usual mining essentials. You would see a record-breaking $4.3 billion receipt from Chinese suppliers, a clear sign that the world’s mining giant has gone from being China’s “favorite rock salesman” to one of its most enthusiastic business partners. Rio…
A view of the booth of Commercial Aircraft Corp of China during an expo in Singapore. YIN GANG/FOR CHINA DAILY Commercial Aircraft Corp of China (COMAC) has secured a new order for its specialized regional aircraft at the ongoing Singapore Airshow 2026, as the aircraft manufacturer showcased its C909 and C919 jets while stepping up…
Chinese wind turbine giant Goldwind Science and Technology Co Ltd said on Wednesday that it will fully cooperate with the European Commission following the initiation of an in-depth investigation into its European Union operations under the Foreign Subsidies Regulation. The commission said a preliminary investigation found “indications” that Goldwind “may have been granted foreign subsidies…