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IKEA opens fourth store in Shanghai

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An Ikea store in Shanghai. [Photo/VCG] Global home furnishing giant IKEA has opened its first integrated store in Shanghai in collaboration with Livat, a mixed-use shopping center operated by Ingka Group. The new store, located in Shanghai’s Hongqiao area, marks IKEA’s fourth store in the city, reinforcing its presence with an online and offline shopping experience…

AstraZeneca announces plans for new innovations for China

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Sharon Barr, executive vice-president of biopharmaceuticals R&D at AstraZeneca, delivers a speech at AstraZeneca R&D China Science Day held in Shanghai from Friday to Saturday. [Photo provided to chinadaily.com.cn] United Kingdom-based biopharmaceutical giant AstraZeneca will add 10 to 15 new projects to the company’s research and development pipeline in China each year, reflecting its increased…

Smart home appliance maker launches new products to tap growing market

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Dreame Technology unveils a variety of new household cleaning appliance products. [Photo provided to chinadaily.com.cn] Chinese intelligent home appliance manufacturer Dreame Technology recently unveiled a variety of new products, including robotic vacuum cleaners, floor-cleaning machines and vacuum sweepers, as the company aims to grab a bigger slice of the pie in the highly competitive household…

TCL plans to acquire stakes in LG Display

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Visitors gather at TCL’s booth during the Appliance & Electronics World Expo 2023 in Shanghai in April, 2023. [Photo provided to China Daily] Chinese consumer electronics maker TCL Technology Group Corp said on Thursday that it plans to acquire an 80 percent stake in display panel maker LG Display China and 100 percent stake in…

Momenta unveils mass-produced autonomous driving model

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Cao Xudong, CEO of Momenta, speaks at the Global Intelligent Vehicle Summit organized the China EV100 think tank, on Sept 29, 2024. [Photo provided to chinadaily.com.cn] Chinese autonomous driving company Momenta unveiled its first mass-produced intelligent driving model on Sunday, at the Global Intelligent Vehicle Summit held in Hefei, Anhui province. The large model integrates…

Nation’s clean energy drive marches forward

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Employees install solar panels at a power station in Zhangye, Gansu province, on Sept 7. [YANG XIAO/FOR CHINA DAILY] China’s renewable energy capacity surged to 1.27 billion kilowatts by the end of August, accounting for 40.7 percent of the nation’s total power generation capacity, amid the country’s accelerating efforts to reduce its reliance on fossil…

AI underlines the future of smart vehicles, says expert

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Zhang Yongwei, vice-president and secretary-general of China EV100, speaks at the Global Intelligent Vehicle Summit on Sept 29, 2024. [Photo provided to chinadaily.com.cn] Artificial intelligence plays a transformative role in the development of smart electric vehicles, said Zhang Yongwei, vice-president and secretary-general of the China EV100 think tank. He was speaking at Global Intelligent Vehicle…

Chinese market enthusiastic about emerging technologies

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Visitors check out Chinese tech company iFlytek’s large language model during the 2024 World Artificial Intelligence Conference in Shanghai in July. [Photo/Xinhua] As the development of generative artificial intelligence continues to grab headlines, more value is expected to be derived from the combined use of multiple AI techniques, which may help boost businesses with different…

Hangzhou setting green transition example for country

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Hangzhou, Zhejiang province, is developing a new type of power system by incorporating such clean energy resources as hydropower, wind, solar and storage, so as to raise its proportion of clean energy. Recently, the city facilitated the Shuangxikou Reservoir — the first medium-sized reservoir with a gravity-arch dam in Zhejiang — to begin to store…

No longer merely world’s factory, China also sets trend

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Apple CEO Tim Cook addresses the media next to the company’s new Vision Pro augmented reality headset at the Apple Park campus in Cupertino, California. [Photo/Agencies] On a narrow one-way street in Guangzhou, South China’s Guangdong province, Yihong Precision Technology Co Ltd, a manufacturer of type-C adapters with only 45 skilled workers, provides 300,000 such…