Walmart Inc reported its first-quarter results for fiscal year 2027 on Thursday, with strong performance in the Chinese unit. Walmart China posted net sales of $8 billion in the first quarter, marking a 22.3 percent increase year-on-year. E-commerce sales were a standout, rising 31 percent and accounting for 50 percent of total sales — up…
Customs officers inspect coffee beans on display at the Hongqiao International Coffee Culture Festival. [Photo/General Administration of Customs] A business environment roundtable forum on China’s zero-tariff policy for African countries and coffee industry services was held at the Hongqiao Import Commodity Exhibition and Trading Center in Shanghai on May 20. Estifanos Daniel Wolde, an Ethiopian…
Lenovo Group Ltd delivered an exceptionally robust financial result in the quarter which ended in March, the company said, posting the strongest fiscal year in the company’s history on the back of AI growth. During the quarter, overall revenue reached an all-time fourth quarter high of $21.6 billion, up 27 percent year-on-year, marking the highest…
Located at the heart of Shenzhen, the core engine of the Guangdong-Hong Kong-Macao Greater Bay Area, Futian district is embracing global innovators and entrepreneurs with world-class business environment. Zachary Haney, an entrepreneur from the United States, hailed Futian as an ideal “testing ground” for turning ideas into reality, thanks to its ultra-fast supply chain and…
Xiaomi CEO Lei Jun unveils the company’s latest SUV YU7 GT. [Photo provided to chinadaily.com.cn] Xiaomi launched the YU7 GT, a sports car-grade SUV, the YU7 GT on Thursday, as the tech heavyweight doubles down on its ambitious “human-car-home” ecosystem. The move came as Xiaomi founder and CEO Lei Jun announced that the company will invest…
Chinese two-wheeler maker Ninebot has rolled out two new technologies for electric mopeds, reinforcing domestic industry players’ technological acumen in vehicle-control systems and multi-vehicle coordination. Through self-developed dynamic balance algorithms and vehicle-control systems, the Mole Self-Balancing 2.0 can adjust the vehicle’s posture in a rather short control window, according to the company. “In daily use,…
Thirty-one young entrepreneurs from 16 countries gathered in Kunming this week to tour Yunnan province’s coffee, fresh-cut flowers, and biopharmaceutical industries, as part of a three-day dialogue aimed at identifying opportunities for trade and investment cooperation. The 2026 International Sister Cities Young Entrepreneurs Dialogue ran from Wednesday to Friday and also included youth representatives from…
China is tightening its crackdown on overseas brokerages illegally providing services to onshore investors, with regulators aiming to eradicate such activities within two years while moving to penalize three major offshore brokerages for illegal cross-border securities business activities. The China Securities Regulatory Commission said on Friday that eight government departments, including the CSRC, the Ministry…
A glance at the Shougang Park, the permanent venue of the China International Fair for Trade in Services. [Photo provided to chinadaily.com.cn] As the country of honor for the 2026 China International Fair for Trade in Services (CIFTIS), due to open on Sept 9 to 13, Norway is poised to deepen bilateral service trade and…
Global marketing service provider WPP launched WPP Open | China, an agentic marketing platform tailored for the Chinese market, on May 8. The company said the platform, the first fully localized agentic marketing platform developed by an international advertising company specifically for China, will serve as a cornerstone for WPP’s transformation toward greater integration and…