Chinese tea beverage chain Chagee has announced that it will officially enter the South Korean market, with its first store slated to open in Seoul’s business hub Gangnam in the second quarter of this year. Chagee said it plans to complement the flagship location with two additional outlets in key urban hubs — one at…
Seeing China as not only a key market, but also a place with significant potential for long-term growth, innovation and partnership, Haleon, a British consumer health company, has reiterated its long-term commitment to the country, announcing plans for a new manufacturing facility for oral care products. Brian McNamara, CEO of Haleon, said: “Every visit reinforces…
SKP, the country’s leading luxury department store operator, is expanding with a new flagship in Guangzhou, Guangdong province, signaling growing momentum in the country’s high-end retail sector. The store, the first SKP in South China, is expected to become a landmark for luxury shopping and will join the ranks of Taikoo Hui and MixC in…
Editor’s Note: As China launches its 15th Five-Year Plan (2026-30), policymakers are strengthening coordination between the “Export to China” and “Shopping in China” campaigns. The effort signals a clear commitment to expanding imports while promoting high-quality consumption. To explore what this means for global business, we invited executives from multinational corporations to share their perspectives…
Shoppers seen at a store of Pang Donglai in Xuchang, Henan province. NIU SHUPEI/FOR CHINA DAILY Pang Donglai Trading Group, a Xuchang, Henan province-based retail chain, is giving its workforce a direct stake in the company’s profits in a bid to enhance workforce motivation and operational performance. On March 8, founder Yu Donglai disclosed on social…
Alibaba Group on Tuesday unveiled what it called the world’s first enterprise-native artificial intelligence work platform, Wukong, as the e-commerce and cloud giant steps up efforts to integrate AI directly into corporate workflows. The standalone application, currently in invitation-only testing, will also be embedded into DingTalk, Alibaba’s workplace messaging and collaboration app used by more…
Germany-headquartered science and technology giant Merck is setting its sights on becoming the “preferred partner” in China’s fast-evolving pharmaceutical sector, aiming to leverage its global commercialization expertise to fuel ongoing medical innovation in China’s healthcare industry, said Andre Musto, managing director and general manager of Merck Healthcare China. China’s growing influence in global healthcare innovation…
[Photo provided to China Daily] Hong Kong-based Cathay Group is stepping up talent recruitment and network expansion on the Chinese mainland as part of broader efforts to deepen its presence and expand operations in the market. “The Chinese mainland is one of Cathay’s most important sources of talent,” said Patricia Hwang, director of people at…
China General Nuclear Power Group has marked a significant milestone in international energy cooperation with the establishment of the Lao Clean Energy Power Standard Research Institute. As the first research organization dedicated to clean energy standards founded by a Chinese enterprise overseas, the institute aims to bridge the development needs of both China and Laos…
Newsonic Electronics’ radio frequency front-end components used in Honor’s smartphone X6d. [Photo provided to chinadaily.com.cn] In a significant development for China’s semiconductor industry, a recent teardown of Honor’s latest overseas smartphone model, the X6d, has revealed that domestic company Newsonic Electronics is supplying a comprehensive suite of radio frequency front-end components for the device. This…