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IKEA opens fourth store in Shanghai

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An Ikea store in Shanghai. [Photo/VCG] Global home furnishing giant IKEA has opened its first integrated store in Shanghai in collaboration with Livat, a mixed-use shopping center operated by Ingka Group. The new store, located in Shanghai’s Hongqiao area, marks IKEA’s fourth store in the city, reinforcing its presence with an online and offline shopping experience…

AstraZeneca announces plans for new innovations for China

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Sharon Barr, executive vice-president of biopharmaceuticals R&D at AstraZeneca, delivers a speech at AstraZeneca R&D China Science Day held in Shanghai from Friday to Saturday. [Photo provided to chinadaily.com.cn] United Kingdom-based biopharmaceutical giant AstraZeneca will add 10 to 15 new projects to the company’s research and development pipeline in China each year, reflecting its increased…

Smart home appliance maker launches new products to tap growing market

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Dreame Technology unveils a variety of new household cleaning appliance products. [Photo provided to chinadaily.com.cn] Chinese intelligent home appliance manufacturer Dreame Technology recently unveiled a variety of new products, including robotic vacuum cleaners, floor-cleaning machines and vacuum sweepers, as the company aims to grab a bigger slice of the pie in the highly competitive household…

TCL plans to acquire stakes in LG Display

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Visitors gather at TCL’s booth during the Appliance & Electronics World Expo 2023 in Shanghai in April, 2023. [Photo provided to China Daily] Chinese consumer electronics maker TCL Technology Group Corp said on Thursday that it plans to acquire an 80 percent stake in display panel maker LG Display China and 100 percent stake in…

PwC bullish on Shanghai’s efforts to boost innovation and productivity

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PwC’s global chair Mohamed Kande. [Photo provided to chinadaily.com.cn] Global professional firm PwC is eyeing the huge growth opportunities arising from Shanghai’s ongoing efforts to boost innovation and productivity, highlighting the city’s critical role in the firm’s global strategy. PwC’s global chair Mohamed Kande emphasized Shanghai’s pivotal role in driving global trends in urban development,…

Swiss management consultancy bullish on Chinese mkt

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The skyline of Beijing. [Photo/VCG] Acknowledging China’s critical role in its global strategy, Swiss management consulting firm dss+, formerly known as DuPont Sustainable Solutions, will expand its business in China in the coming years, said a top company executive. “Taking advantage of our current strengths, with a team of around 100 experts in China, we…

China Eastern Airlines launches direct flight between Shanghai and Venice

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With some 230 passengers onboard, the direct flight between East China cosmopolitan Shanghai and Venice of Italy officially kicked off its operation on Sept 26, 2024. [Photo provided to chinadaily.com.cn] With some 230 passengers onboard, the direct flight between East China cosmopolitan Shanghai and Venice, Italy officially kicked off its operation on Thursday (September 26)…

China Eastern Airlines launches direct flight to Kazan from Shanghai

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China Eastern Airlines debuts its direct flight between Shanghai and Kazan in Russia on Saturday, marking the first direct route linking the two cities. [Photo provided to chinadaily.com.cn] China Eastern Airlines launched direct flight connecting Shanghai and Kazan in Russia’s Republic of Tatarstan on Saturday, marking the first direct route linking the two cities. The…

Down jackets growth engine for brands

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Bosideng’s booth at an expo in Shanghai in May. [Photo/China Daily] As winter approaches, sportswear brands are ramping up efforts to capture growth in the winter jacket market, particularly those targeting Generation Z consumers and in the expanding winter sports scene. Lululemon, a leader in athleisure, doubled down on its winter jackets category to penetrate…

CRRC unveils green hydrogen train tech at Berlin fair

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China’s first hydrogen-powered intelligent intercity train seen at InnoTrans 2024 in Berlin.[DENG WANGQIANG/FOR CHINA DAILY] China debuted its first hydrogen-powered intelligent intercity train, CINOVA H2, at InnoTrans 2024, a leading international trade fair for transport technology, held in Berlin on Tuesday. Developed by CRRC Qingdao Sifang Co Ltd, a Shandong province-based subsidiary of China Railway…