Mexican multinational food company Grupo Bimbo is doubling down on its long-term commitment to China, citing the country’s vast consumer base, improving domestic demand and clear policy direction as key drivers for sustained investment and expansion. “We are full of confidence in the long-term potential of China’s consumer market,” said Kelly Zhang, general manager of…
Shoppers crowd at Sanya International Duty Free Shopping Complex in Sanya, Hainan province, on Dec 20. CHINA DAILY As Hainan Free Trade Port solidifies its status as a booming consumption hub, DFS Group, which is part of French multinational LVMH Group, is making a strategic push to elevate the island’s luxury retail landscape, viewing it…
China’s leading instant retail platforms are stepping beyond their digital roots. On Dec 19, Ella Supermarket, or Xiaoxiang Supermarket, the instant retail brand under Meituan, officially opened its first offline store in Beijing. The store is located in Wanliu Shopping Center in Haidian district, an area surrounded by high-end residential compounds and close to the…
Part of the E60 highway LOT3 Project. [Photo provided to chinadaily.com.cn] A newly completed section of Georgia’s E60 route opened recently, drawing praise from the country’s leadership. The six-kilometer stretch that opened on Dec 17 is part of the LOT3 project and was built by Hunan Road & Bridge Construction Group, a subsidiary of Hunan…
BEIJING — The Chinese government hopes that relevant parties can reach a solution regarding TikTok that complies with Chinese laws and regulations and achieves a balance of interests, a spokesperson for the Ministry of Commerce said Thursday. Spokesperson He Yongqian made the remarks at a regular press conference in response to a query regarding reports…
Chinese biotech innovator Jacobio Pharma has struck a global out-licensing deal with pharmaceutical giant AstraZeneca for a promising cancer drug, marking one of the largest cross-border transactions for a Chinese small-molecule oncology candidate currently in clinical trials. The deal, announced on Monday, centers on a potential $2 billion partnership to tackle KRAS-mutated cancers, long considered…
Chinese singer-actor Yi Yangqianxi poses with Huawei’s latest smartphone nova 15 ultra. [Photo provided to chinadaily.com.cn] Huawei Technologies Co said its self-developed HarmonyOS ecosystem has exceeded 32 million devices, marking a significant milestone in its expansion of in-house operating system. The announcement came alongside the launch of its latest nova 15 smartphone series. During the…
The world’s first methanol dual-fuel powered intelligent very large crude carrier (VLCC), dubbed New Explorer, was delivered four months ahead of schedule to its owner in Dalian, Liaoning province, on Dec 22. [Photo provided to chinadaily.com.cn] The world’s first methanol dual-fuel powered intelligent very large crude carrier (VLCC), dubbed New Explorer, was delivered on Monday…
CNOOC Limited announced on Wednesday a major oilfield discovery at the Qinhuangdao 29-6 site, located in the shallow Neogene formations of the Bohai Sea, which adds over a hundred million tons of oil equivalent in-place. The discovery well, situated in the central Bohai Sea, was drilled to a depth of 1,688 meters, where it encountered 66.7 meters of…
Yang Tao, deputy general manager of Qingyuan County Junbo Biotechnology Co Ltd, checks shiitake mushrooms in an intelligent drying unit in Qingyuan county, East China’s Zhejiang province, on Dec 9, 2025. [Photo/Xinhua] HANGZHOU — Nestled in the remote mountains of Zhejiang province, Qingyuan county has transformed its lush forests into a source of sustainable wealth…