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Li Shufu, the Chinese farmer ‘who married a European prince’

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By David Cao
David Cao
13 March 2018
Hits: 1264

Geely Auto's Baoji Plant.

Li Shufu, founder of Zhejiang Geely Holding Group, is a rising star in the global auto industry, with his scores of international deals prompting competition concerns in the West and drawing substantial praise in China. Though Li is currently jumping many hurdles in the West, people who know him well say he is a man on a global mission to save the traditional auto manufacturing industry.

He may not be as well-known around the world as some of the biggest names in China's corporate world - like the star founder of Alibaba Group Jack Ma Yun, who speaks fluent English and does not shy away from global media attention, or the outspoken billionaire behind conglomerate Dalian Wanda Group Wang Jianlin, who once vowed to prevent Disneyland Shanghai from making any profit for 20 years - but Li Shufu, the low-key founder and chairman of Chinese carmaker Zhejiang Geely Holding Group, is now a rising star in the global auto industry. 

Read more: Li Shufu, the Chinese farmer ‘who married a European prince’

China's Nice Boat Animation expects revenue to double 2018

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By David Cao
David Cao
13 March 2018
Hits: 1388

China's Nice Boat Animation expects revenue to double 2018China's Nice Boat Animation expects revenue to double 2018

Nice Boat Animation, producer of Dahufa, which won the Best Animation Feature category at the 2017 Golden Horse Awards, expects to see its revenue double this year, said a company executive.

The Tianjin-based company has experienced six years of losses since it was established in 2012 and only Dahufa helped it survive and achieve a revenue of 87 million yuan ($13.7 million) last year. Market insiders have suggested that if the film had not been released at the same time as the blockbuster Wolf Warrior 2, the figure could have topped 100 million yuan.

Read more: China's Nice Boat Animation expects revenue to double 2018

Hainan Airlines to launch its first flight connecting London with China

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By David Cao
David Cao
13 March 2018
Hits: 1516

Hainan Airlines to launch its first flight connecting London with China

Hainan Airlines is set to launch its first direct flight route between China and London, with a new non-stop service linking the UK capital and Changsha in Hunan province.

The Chinese carrier said, starting on March 23, three of its Boeing 787 passenger jets will depart each week from Changsha Huanghua International Airport and arrive at London’s Heathrow Airport before making the return journey.

Read more: Hainan Airlines to launch its first flight connecting London with China

Telecoms giant Huawei leads in European patent applications

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By David Cao
David Cao
11 March 2018
Hits: 1102

A Chinese company has topped the European Patent Office's 2017 patent-filing league table for the first time, according to results announced on Wednesday in Brussels.

Chinese telecoms giant Huawei filed 2,398 patents, more than second and third placed Siemens and LG.

In 2016, the Dutch electronics company Philips filed more patent applications than any other company, followed by Huawei and Samsung.

Read more: Telecoms giant Huawei leads in European patent applications

Midea Group expects expansion in China robot market

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By David Cao
David Cao
11 March 2018
Hits: 1204

Midea Group expects expansion in China robot market

Midea Group's robotic arm, in Germany, KUKA AG, will expand production capacity of robots and robotics systems in China, as the country's demand for the machines has been booming recently, according to a senior manager of the company.

"KUKA is working closely with Midea to look for business opportunities," said Wilfried Eberhardt, chief marketing officer of the company. "We will soon double the production capacity in China as the demand for robotics is increasing in the country."

Read more: Midea Group expects expansion in China robot market

More Articles …

  1. Tencent eyeing live streaming edge with more investments
  2. China's CPI up 2.9%, PPI 3.7% in Feb 2018
  3. China's Exports increase 44.5% in Feb 2018
  4. Beijing’s grade A office rentals to drop in 2018
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Page 15 of 126

Banking

  • China's Gold VAT trade reform aims to tax free for investment
  • China's digital RMB transactions top 14.2 trillion yuan
  • Renminbi asset appeal spurs dim sum bond market
  • UnionPay International Expands European Footprint with Strategic Partnerships and Enhanced Payment Network
  • China T-bond move seen safeguarding financial stability

Real Estate

  • 21 Chinese cities tighten Real Estate Policy
  • LANZHOU NEW AREA new ghost town in China
  • Chinese invest $110 billion in US real estate
  • China's listed real estate companies post $461b of inventories for 2015
  • Beijing eases restrictions on foreigners buying apartments

Society

  • China NIA: Average daily inbound and outbound passenger volume to increase 14.1% during Chinese New Year
  • China U23 team's historic breakthrough
  • China's New railway timetable enhanced connectivity nationwide
  • Yiwu's Factory flaw “sad horse" toys go viral on Chinese Internet
  • From plateau to hard drives: documentary tests NAS technology

Manufacturing

  • China-made C919 transports 5 million passengers in past 3 years
  • China's large drone FP-985 completes pioneering plateau logistics flight
  • China's NEV output tops 16 million units as exports double
  • World's first methanol dual-fuel VLCC "Kaituo" delivered in Dalian
  • China's superconducting quantum prototype 'Zuchongzhi 3.2' achieves key breakthrough

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