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Meitu drawing bigger global picture with generative AI

Meitu’s booth is seen during a tech fair in Fuzhou, Fujian province. CHEN HAO/FOR CHINA DAILY Meitu Inc, a Chinese tech company known for its popular image-editing app and content-sharing software, is ramping up efforts to make forays into overseas markets while doubling down on generative AI technology to improve the production efficiency of the imaging…

NEV boom prompts calls for refined petrochem exports

An aerial drone photo shows cars driving onto a ro-ro ship for new energy vehicles at Xiuying Port in Haikou, South China’s Hainan province, on Jan 14, 2025. [Photo/Xinhua] Company executives and industry experts are advocating for the gradual easing of refined oil and chemical export restrictions, amid the rapid adoption of new energy vehicles…

Openness, predictability key to investments

From left to right: Denis Depoux, global managing director of Roland Berger; Nancy Wang, country manager at LinkedIn China; Bernard Sim, general manager for China at Scoot; Martin Xu, general manager of Chinese Mainland, Commercial and Operations at Cathay Pacific. [Photo provided to chinadaily.com.cn] Editor’s Note: This year marks a critical milestone as China concludes its 14th Five-Year Plan.…

AmCham keen on improved Sino-US biz

Foreign tourists go through customs at the Beijing Daxing International Airport in Beijing, capital of China, Dec 27, 2024. [Photo/Xinhua] The American Chamber of Commerce in China said it would leverage its advantageous resources and make efforts to further improve the business environment, and promote the healthy and stable development of US-China economic and trade…

Mass rollout set to begin of smart car technology

Xpeng’s modular flying car, the Land Aircraft Carrier, is exhibited in Shenzhen, Guangdong province. CHINA DAILY Smart driving is now a must for new vehicles in China, as major carmakers roll out the feature for mass-market models. One day last week saw three companies — Chery, GAC and Geely’s premium arm Zeekr — announce ambitious…

Hainan to expand healthcare facilities

A tourist visits the Wuzhishan area of the Hainan Tropical Rainforest National Park in Wuzhishan city, South China’s Hainan province, Dec 19, 2024. [Photo/Xinhua] Hainan province, one of China’s most popular tourist destinations, recently launched a three-year action plan to boost its healthcare sector, with the unveiling of various supportive measures, such as transforming existing…

Shanghai eyes stronger services backed by tech

Diners eat at a restaurant in Shanghai on Feb 4. The city’s services sector grew 5.7 percent year-on-year and contributed 78.2 percent to Shanghai’s GDP last year. [Photo provided to China Daily] The high-quality development of Shanghai’s services sector should better serve technological advancement and boost consumption, the city’s municipal government said in a recent…

ANTA sees its revenue jump 13.6% to around 71b yuan

Anta Sports, a leading sportswear firm. [Photo by Sun Chi/chinadaily.com.cn] ANTA Sports Products Limited saw its revenue surge to 70.83 billion yuan, marking a 13.6 percent increase year-on-year, according to its annual results for the year ending on Dec 31, 2024. The company’s profit from operations climbed by 8 percent to reach 16.60 billion yuan.…

China accelerates consumption-driven growth model

People enjoy a meal at a restaurant in a historical block in Nanhu district of Jiaxing city, East China’s Zhejiang province. [Photo/Xinhua] Editor’s note: China recently issued a special action plan for boosting consumption, focusing on enhancing consumption capacity, releasing consumption willingness, optimizing consumption environments and unlocking consumption bottlenecks. This comprehensive policy package introduces far-reaching…

Wumart takes inspiration from Pangdonglai to transform its business

A Wumart supermarket is seen in Beijing on Aug 7, 2018. [Photo/Sipa] Wumart Group has used best practices from its counterpart, Pangdonglai, to transform its store in Beijing, marking an important change in its retail approach, which is highlighted by streamlined assortment and caring for the workforce. Located on Xueqing Road, the newly renovated Wumart…