Visa, a global payments technology company, announced on Thursday that it will work with Apple to enable cardholders in China to add their Visa cards to Apple Pay and make payments overseas in a wide range of scenarios — including at on and offline merchants and within mobile apps. “As global digital payments continue to…
Alibaba Group announced on Thursday a major upgrade to its flagship consumer-facing artificial intelligence application, Qwen App, marking a further step in the company’s long-term strategy to bring advanced AI capabilities into practical everyday use. This shift from “AI that responds” to “AI that acts” is enabled by Qwen App’s deep integration with core services…
Laoganma’s Guiding county branch in Qiannan Bouyei and Miao autonomous prefecture, Guizhou province. [Photo by Liu Boqian / chinadaily.com.cn] Popular chili sauce maker Laoganma is approaching its 2020 revenue peak of 5.4 billion yuan (about $774 million), according to newly disclosed 2024 figures, with e-commerce marketing appearing to play a limited role. The Guizhou Provincial…
Huawei has returned to the number one position in China’s smartphone market in 2025, according to the latest report from the market research company International Data Corp. This marks a significant shift in the competitive landscape of the world’s largest smartphone market as Huawei managed to overcome the challenges from the US government’s restrictions to…
China’s top market regulator has opened an antitrust investigation into Trip.com Group, suspecting the online travel services provider of abusing its dominant market position, the regulator said on Wednesday. The State Administration for Market Regulation said the probe was launched after a preliminary review, in accordance with China’s Anti-Monopoly Law. Trip.com Group, one of China’s…
The global operational executive office of Bank of Montreal in Toronto, Canada. PROVIDED TO CHINA DAILY Bank of Montreal, or BMO, Canada’s oldest and one of North America’s leading financial institutions, has pledged to leverage its unique historical ties and cross-border expertise to solidify its role as a key financial bridge between China and North…
Hitachi Energy showcases technologies at the eighth China International Import Expo in Shanghai on Nov 5. CHINA DAILY China has emerged as the linchpin of a $9 billion global investment surge by Hitachi Energy, as the world’s largest transformer manufacturer hitches its growth to the country’s world-leading ultrahigh voltage expansion and an exponential explosion in…
K Coffee opened its 100th store in Beijing on Jan 12. [Photo provided to chinadaily.com.cn] A more-than-700-year-old hutong in central Beijing has become the latest proving ground for culture-driven retail innovation, as K Coffee opened its 100th store in the capital on Jan 12. The store is located in Nanluogu Alley, one of the city’s…
A RemeGen office building in Yantai, Shandong province [Photo/remegen.cn] RemeGen shares surged more than 9 percent in Hong Kong trading as of 10 am Tuesday, leading a broader rally among pharmaceutical stocks, after the Chinese biotech firm secured a massive licensing agreement with US drugmaker AbbVie. In a statement released on Monday, AbbVie said it…
The restructuring of Sinopec and CNAF was announced by the State-owned Assets Supervision and Administration Commission of the State Council on Thursday. [Photo/VCG] China has greenlit a landmark merger between its top refiner China Petroleum and Chemical Corp (Sinopec) and China National Aviation Fuel Group, creating a vertically integrated giant to anchor a market where…