Consumers seen at a Starbucks store in Hangzhou, Zhejiang province, on Sept 9, 2025. LONG WEI/FOR CHINA DAILY Global coffee giant Starbucks Coffee Co announced the completion of its joint venture with private equity firm Boyu Capital — a leading Chinese investment firm — marking a significant milestone in the company’s long-term strategy for sustainable…
China will pilot computing power bank or supermarket to tackle a growing shortage of computing power, as authorities move to lower barriers for small and medium-sized enterprises to adopt artificial intelligence. The Ministry of Industry and Information Technology outlined a nationwide campaign on Thursday to make computing resources “more accessible, flexible, and affordable” for smaller…
The 2nd Digiloong Cup Global AI Innovation Competition (Digiloong GAIC) is officially launched on April 2 to inject momentum into the high-quality development of China’s digital economy and AI industry. [Photo provided to chinadaily.com.cn] With China at the forefront of global AI (artificial intelligence) application innovation and the overseas market ripe with opportunity in related…
Foreign cruise lines are stepping up efforts to tap the Chinese market by increasing port calls and expanding local operations. Meanwhile, foreign cruise operators in China are securing their place in the Chinese market through innovative measures tailored to Chinese travelers. As visa-free policies continue to be optimized, the inbound tourism market is further unlocking…
A teller counts cash at a bank in Taiyuan, Shanxi province. [Photo by Zhang Yun/China News Service] China’s top taxation authority will launch a joint special operation this year to intensify its crackdown on tax-related crimes, with a particular focus on high-risk groups including celebrities, livestreamers, and sectors such as medical aesthetics and jewelry. The…
China’s sustained push for high-quality development, technological innovation and high-standard opening-up is expected to create fresh opportunities for multinational corporations, while reinforcing global confidence in the world’s second-largest economy amid rising external uncertainties, said a senior executive. “We are very confident in the medium — and long-term prospects of the Chinese economy,” Ming Wong, vice-president…
Adora Flora City, China’s second domestically-built large cruise ship, undocks in Shanghai on March 20. The vessel is now structurally complete and ready for final commissioning. It will be delivered by the end of 2026 and will operate international routes from Guangzhou Nansha International Cruise Home Port. DING TING/XINHUA A little more than two years…
Established in the late 1990s, Enchant Cosmetic has become a fixture at premier industry expos. Provided to chinadaily.com.cn For Du Hongliang, founder and chairman of Zhejiang Enchant Cosmetic Co Ltd, the evolution of Chinese manufacturing is best measured not by mere statistics, but by the expanding footprint of his company’s exhibition booths at global trade fairs.…
BEIJING — China’s central bank announced Thursday that it has added 12 banks to its list of authorized institutions for digital yuan operations. The move aims to promote the steady development of the digital currency, improve the inclusiveness of its services, and meet public demand for secure, convenient and efficient digital yuan services, according to…
Visitors gather at the booth of Qwen, Alibaba’s LLM, during a high-tech expo in Shanghai on March 15. CHEN YUYU/FOR CHINA DAILY A new idea gaining traction among global and Chinese tech companies is putting tokens — the smallest unit of data processed by artificial intelligence models — at the center of compensation discussions, as…