The booth of Marelli Holdings Co Ltd during an industry expo in Shanghai. PHOTO/CHINA DAILY Marelli Holdings Co Ltd, a Saitama, Japan-headquartered multinational automotive parts manufacturer with more than 50 manufacturing facilities across the world, will expand its engineering team from 800 to 1,000 in China over the next three years, said its top executive.…
Xiaomi Corp confirmed on Monday that it will unveil a 3nm Xuanjie O1 chip on Thursday, after over four years of intensive R&D efforts.The move will position Xiaomi in direct competition with leading global chipmakers, with the new chip poised to power Xiaomi’s latest smartphones. Lei Jun, CEO and chairman of Xiaomi, said via a…
Major Chinese e-commerce platforms have ramped up efforts to offer steep discounts and consumption coupons as well as to simplify promotions during this year’s June 18 online shopping carnival, with direct price reductions being a preferred strategy of attracting price-conscious customers and bolstering sales. As Chinese shoppers have become more rational and prudent about potential…
China continues to follow its trade playbook with precision, maintaining the widest possible gap in its favor. In Q1 2025, EU imports from China fell 7% compared to the 2022 peak—but EU exports to China dropped even more sharply, down 11%. The result: the EU’s import-to-export ratio with China has hit a new all-time high.In…
[Photo provided to chinadaily.com.cn] The total value of Chinese brands listed among the 2025 top 100 most valuable global brands has surged by 26 percent year-on-year. This growth rate marks the world’s second-highest, showcasing China’s remarkable market vitality and brand power on the global stage, according to a recent report released by the consulting firm…
People shop for appliances at a store in Qingzhou, East China’s Shandong province, on May 3, 2025. [Photo/Xinhua] A recent report by the China National Commercial Information Center on China’s consumer goods market shows that the policy of trading old consumer goods for new ones has significantly boosted home appliance sales and accelerated the market’s…
Geely Holding Group is pushing ahead with a deeper integration between its New York-listed premium brand Zeekr and its Hong Kong-listed Geely Auto, as it aims to tighten control over its sprawling automotive empire and drive profitability through internal consolidation. The move is part of the “One Geely” strategy, an effort to unify its businesses…
Signage for Chinese tech giant Alibaba is seen on a building in the Xuhui district in Shanghai on Feb 22, 2025. [Photo/VCG] Chinese tech heavyweight Alibaba Group Holding Ltd reported on Thursday night that its revenue stood at 236.45 billion yuan ($32.6 billion) during the January-March period, an increase of 7 percent year-on-year, while its…
Tetra Pak showcases its ready-to-drink (RTD) protein product solutions, a fast-growing space fueled by the expansion of fitness culture beyond gyms to the broader public at the recent FBIF 2025 Food and Beverage Innovation Forum in Shanghai. [Photo provided to chinadaily.com.cn] As Chinese consumers grow increasingly health-conscious, demand for high-protein functional beverages is surging, prompting…
Changan Chairman Zhu Huarong introduces the company’s first overseas new energy vehicle plant in Thailand on May 16. CHINA DAILY Changan Automobile unveiled its first overseas new energy vehicle manufacturing plant in Thailand on Friday, a sign of how Chinese automakers are deepening their efforts to explore overseas markets amid intense competition at home and…