Consumers browse products at an Ikea store in Beijing in August. [SONG YU/FOR CHINA DAILY] Ikea, the Swedish home furnishing and furniture retailer, said it plans to invest 273 million yuan ($38.3 million) in China in the fiscal year to August 2025, and exploits post-COVID-19 consumption trends like more rational buying and a growing preference…
Construction of Namibia’s largest desalination plant, led by China General Nuclear Power Group (CGN), will play a key role in addressing the country’s water scarcity, experts have said. CGN, China’s largest nuclear power operator in terms of installed capacity, will work on the Namibian undertaking in cooperation with a local water corporation, the company said…
“When you have a country whose economy is dynamic and efficient, things can get done yesterday. As an investor, I want to see this competition,” said Rani Jarkas, chairman of Cedrus Group, underscoring the strong appeal of China’s economic landscape for global investors. Tanks to chinadaily.com.cn Please visit: Our Sponsor
People gather at a Kcoffee booth in Shanghai in May. CHEN YUYU/FOR CHINA DAILY Yum China Holdings Ltd is ramping up its coffee business with the rapid expansion of its Kcoffee brand, boosted by its existing vast KFC network and pricing strategy. Kcoffee has accelerated the rollout of new stores this year, with Yum China opening…
As collaboration between China and African countries presents vast opportunities, China Railway Resources Group is planning to strengthen cooperation with partners in the Democratic Republic of Congo (DRC), a senior company executive said. “We will continue to leverage our advantages, technology and management to boost mutual development, engage in broader and deeper cooperation with companies…
An OREO-Coca-Cola pop-up store in Shanghai in early September 2024. [Photo provided to chinadaily.com.cn] As co-branded marketing continues to thrive in both Chinese and global markets, Oreo, a popular snack brand, plans to allocate more resources to appeal to young consumers, staying aligned with the fast-changing consumer trends in China, according to a statement released…
Chinese tech heavyweight, Alibaba Group Holding Ltd, announced that the company’s shares traded on the Hong Kong bourse have been included in the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect programs on Tuesday. Eligible investors from the Chinese mainland have direct access to the trading of the company’s ordinary shares, the company…
NANJING/BERLIN — Philipp Kortum, chief financial officer of TUV Rheinland, a renowned German testing and certification services provider, was astounded by the swift completion of its Phase II laboratory in Taicang, a county-level city in East China’s Jiangsu province. Completed six months ahead of schedule, the Yangtze River Delta Operation Hub in Taicang, now TUV…
US-based specialty chemistry company Lubrizol Corp has opened its beauty research institute in Shanghai as its firm commitment to further local-for-local innovation and growth, said a top executive of the company, which is owned by multinational conglomerate Berkshire Hathaway. “We think this region is perfect and couldn’t have a better place in China,” said Rebecca…
Wang Lei, CEO of Ant Cryptographic Computing Technologies, speaks at the Inclusion Conference on the Bund, Sept 6, 2024. [Photo provided to chinadaily.com.cn] Ant Group subsidiary, Ant Cryptographic Computing Technologies, introduced its SecretFlow Cloud platform at the Inclusion Conference on the Bund on Sept 6. This cryptographic computing platform seeks to facilitate secure data circulation…