Consumers dine at a Luckin Coffee store in Shenyang, Liaoning province, in August. [Photo provided to CHINA DAILY] Chinese coffee chain player Luckin Coffee is looking to expand in the United States and other overseas markets amid intensified domestic competition that is impacting same-store sales. Guo Jinyi, chairman and CEO of Luckin, said during an…
ZELJKO STEVANIC/XINHUA LJUBLJANA, Slovenia — Blaz Stefe, CEO of the Chinese-Slovenian joint venture APG-Elaphe Propulsion Technologies, told Xinhua that his company will explore new possibilities for technological innovation and market expansion during the upcoming seventh China International Import Expo in Shanghai. Reflecting on his past eight years with the Hangzhou, Zhejiang province-based company, Stefe highlighted…
[Photo provided to chinadaily.com.cn] Jinjiang county, Fujian province, carries out co-innovation of the reduction of pollution and carbon emissions, to promote the green transformation of the industrial chain, supply chain, logistics chain and information chain, focusing on textile printing and dyeing industries with high energy and water consumption. Fynex Textile factory, located in the Jinjiang…
A view of a wind farm near Urumqi, Xinjiang Uygur autonomous region. [SONG YU/FOR CHINA DAILY] To aid in China’s dual goals of peaking carbon dioxide emissions before 2030 and achieving carbon neutrality before 2060, the country’s largest power utility is helping enterprises boost technological innovation, in a bid to bolster the green transition. In…
A logo of Chinese e-commerce giant JD. [Photo/IC] Chinese e-commerce giant JD has accepted the mobile payment option from Alipay, which is operated by financial technology company Ant Group. This marks a significant step that experts say breaks down payment barriers between the two internet companies, and enhances interconnectivity of various online platforms. Alipay said…
BEIJING — The world’s first mobile thermal-injection platform was recently delivered in China’s Shandong province, offering new opportunities to tap into China’s vast potential for heavy-oil recovery, according to the country’s major marine oil-mining company. China National Offshore Oil Corporation (CNOOC) announced on Thursday that “Recai No 1” or “Thermal Recovery No 1”, the mobile…
Air Serbia is to launch direct flights between Shanghai and Belgrade, operated by Airbus A330 aircraft twice a week, starting Jan 11, 2025. [Photo provided to chinadaily.com.cn] Air Serbia has announced the introduction of a new direct flight route connecting Shanghai Pudong International Airport with the Serbian capital of Belgrade, Nikola Tesla Airport, with operations…
The State Power Investment Corporation.[Photo/SPIC] Rio Tinto will partner with China’s State Power Investment Corporation (SPIC) to demonstrate battery swap electric haul truck technology at the Oyu Tolgoi copper mine in Mongolia, the company said on Thursday. Battery swapping technology allows a battery electric vehicle to quickly exchange a discharged battery pack for a fully…
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Experts from United Imaging Healthcare Co Ltd pose for a photo with local medical workers after installing a transportable CT scanner in Baghdad, Iraq, on March 19, 2020. XINHUA BEIJING — It took Chinese entrepreneur Zhang Junbin eight years to transform a small startup with just 200,000 yuan ($28,090) in initial capital into a unicorn enterprise…