admin

China’s CATL, the world’s biggest battery maker, has extended its drive into humanoid robotics, leading a RMB 1.1 billion ($153 million) funding round for Beijing-based startup Galbot, making it a unicorn with a valuation of over $1 billion, financial media outlet Caixin has reported. Other investors included the growth investment arm of China Development Bank,…

Swiss food giant Nestle on Monday dismissed Laurent Freixe as chief executive with immediate effect over an “undisclosed romantic relationship with a direct subordinate”. The multinational behind Nespresso coffee capsules and KitKat chocolate bars said Freixe’s dismissal followed an investigation. In a swift move, Nespresso CEO Philipp Navratil was appointed to take over by his…

Chinese automaker GAC’s new electric vehicle manufacturing plant has started operations in Jakarta with its annual production capacity set to grow from 20,000 units to 50,000 units as it aims to supply the entire Southeast Asia region. The first vehicle rolling off the assembly line was the Aion V midsize crossover, the first global model…

Employees work on a production line of Panpan Foods Group in Jinjiang, Fujian province, on Aug 19. HU MEIDONG/CHINA DAILY Panpan Foods Group, a Jinjiang, Fujian province-based snack food maker, has continued to accelerate the pace of its international expansion, especially in markets involved in the Belt and Road Initiative. So far, the company has exported…

A plane carrying EU chief Ursula von der Leyen was hit by GPS jamming as it readied to land in Bulgaria on Sunday, Brussels said on Monday, alleging Russia was thought to be behind the incident. The European Commission said Bulgarian authorities suspected the disruption “was due to blatant interference” from Moscow, but it was…

Xiaomi announced yesterday that it will unveil its new AI glasses during an event entitled the “Xiaomi Human-Car-Home Full Ecosystem Launch,” being held this evening, China time. The teaser poster for the event suggests that the AI glasses will be positioned as part of Xiaomi’s broader ecosystem, potentially linking with its automotive and smart home…

In a move to streamline tax services for foreign nationals, the tax authority of Hainan province launched a bilingual booking platform in Chinese and English on Aug 15. The initiative is part of the province“s efforts to accelerate plans to become a free trade port. The service aims to remove language barriers for expatriates living…

Agreements for six major industrial projects were signed in Shanghai“s Lin-gang Special Area on Aug 19, as part of the area’s sixth anniversary celebrations. The high-profile projects include a heavy gas turbine project, a brain-computer interface verification platform, an underwater robot project and more, with a combined investment of over 40 billion yuan ($5.56 billion).…

BEIJING – China“s electricity consumption, a key barometer of economic activity, surpassed the 1-trillion-kilowatt-hours mark in July, according to the National Energy Administration on Thursday. Power use hit 1.02 trillion kilowatt-hours in July, representing an 8.6-percent increase from the same period last year, driven by a combination of multiple rounds of heat waves and steady…

TIANJIN – Leaders of the member states of the Shanghai Cooperation Organization (SCO) on Monday issued a statement on the 80th anniversary of World War II victory and of the founding of the United Nations (UN), during the ongoing SCO Tianjin Summit. Нашия източник е Българо-Китайска Търговско-промишлена палaта