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Chinese brands are rising globally
By Mike Bastin (China Daily)

Domestic firms have gained consumer trust with their competitive goods in world markets

It is that time of year again, when the annual BrandZ report on the most valuable global brands is published. The highlights this year are not too dissimilar to those of previous years: The rise of Chinese brands globally and the impressive purchasing power of Chinese consumers.

Both of these represent great news for European brands, with whom increasingly competitive Chinese brands are seeking to form alliances to continue to expand internationally. At the same time, alliances with Chinese brands will enable European brands to penetrate the Chinese market and cash in on the purchasing power of Chinese consumers.

Specifically, BrandZ 2015 places 14 Chinese brands in the world's top 100 most valuable brands. Ten years ago, only one Chinese brand made the top 100.

This international expansion is all the more spectacular for the following BrandZ findings: 25 percent of this year's top risers are Chinese brands, and three of this year's seven new entrants are Chinese brands. The newcomers perhaps exemplify the rapid rise internationally of Chinese brands, as well as the changing nature of the Chinese economy, away from low-cost manufacturing and heavy industry to technology and innovation-focused privately-owned brands.

Highest-ranked of this year's new entrants is Alibaba, which splashes in at 13th, two places behind Tencent, the highest ranked Chinese brand overall. Tencent, whose many offerings include the social messaging app WeChat and a range of e-commerce services and multiplayer online games, and Alibaba, China's e-commerce behemoth that raised $21.8 billion at its New York initial public offering late last year, are prime examples that typify the new, emerging Chinese economy in which private companies with modern, market-oriented business models are increasingly dominant.

Huawei and China Telecom, another two Chinese brands that have entered the top 100 for the first time this year, ranked 70th and 99th, respectively, provide further, demonstrable proof of a sizeable shift toward technology and entrepreneurship across Chinese industry.

In particular, Huawei, a leading multinational networking and telecommunications equipment company whose headquarters are in Shenzhen, has expanded most impressively internationally. In 2012, for example, Huawei overtook Ericsson to become the largest telecoms equipment manufacturer in the world, and now sells products and services in more than 140 countries.

Of particular note to European firms should be Huawei's international expansion strategy, which is based solidly on long-term alliances. Huawei serves 45 of the world's 50 largest telecoms operators.

Huawei is the second highest-ranked newcomer, behind Alibaba.

Among China's now numerous technology companies that have achieved international success recently is Baidu, the Internet search engine, which has been listed on the Nasdaq for several years. BrandZ 2015 ranks Baidu as the 21st most valuable brand in the world, up four places on last year, with a 35 percent increase in brand value year-on-year.

Baidu's international expansion activities appear to be behind its recent brand value increase. European potential partners should be aware of the now global vision at Baidu and many Chinese companies. Baidu's takeover late last year of Brazilian company Peixe Urbano, the Brazilian equivalent of Groupon, exemplifies its global expansion strategy.

Chinese brands are also leading the way compared with other fast-growing regions and countries. Only one of the highest-valued Asian brands is not Chinese, and only seven other Asian brands find themselves in the world's most valuable 100, alongside 14 Chinese brands.

Furthermore, despite China's recent economic slowdown, its brands contribute eight of the top 10 ranked Asian brands, the other two being Samsung (6th) and Toyota (8th).

BrandZ also reports on the growth of brands across emerging nations such as Brazil, Russia, India and China (along with South Africa they make up the BRICS bloc), the four countries often cited as the new engine of global economic growth. China and its brands also shine brightly here. None of the top Brazilian brands have made it into the BrandZ 2015 top 100.

BrandZ 2015 provides a separate section on the BRICS in which it is made clear that Russian brands remain relatively weak compared with Chinese competitors, and even Indian brands have struggled to grow internationally. No Indian or Russian brands appear in the top 100.

This year's BrandZ report cites the robust purchasing power of Chinese consumers as one of the key drivers of brand value growth, despite the relative slowdown in the Chinese economy. Combined with the increased competitiveness of Chinese brands, this provides huge opportunities for European brands and their penetration plans for the Chinese market.

BrandZ 2015 also researched perceptions of "Made in China" and "Brand China", looking at the image associated with China-made products and Chinese brands around the world.

It found that North American and Western European consumers' perceptions of Chinese brands have changed markedly in recent years. In particular, technology brands are no longer tainted with the low-cost, low-quality image that had dogged many Chinese companies for many years.

However, it is also important for many British and European brand producers to take note of the BrandZ 2015 findings on changes in the behavior of Chinese consumers. Consistent with my research in recent years, BrandZ reveals that Western brands have lost their mystique and the automatic allure they once commanded in the minds of many Chinese consumers. Improved competitiveness among many Chinese brands has contributed to the typical Chinese consumer now taking longer and thinking more rationally over many brand choices. Western brands such as Chanel and other previously invincible brands are no longer perceived as automatically superior.

BrandZ also reports that Chinese consumers, via careful consideration of the Chinese Dream, now engage and identify more with brands that build an image in the consumers' minds based on Chinese brand associations.

As a result, BrandZ 2015 is perhaps pointing more and more to the need for more Sino-European brand tie-ups, where a symbiotic relationship should help both partners penetrate each other's geographic market.

Above all, BrandZ 2015 forecasts the continued international rise of Chinese brands as well as the growing importance of Chinese consumers' purchasing power.

The message to European brand producers, therefore, is clear: Identify a suitable Chinese brand partner and consider a Chinese image for the Chinese market.
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US urged to stop smearing TikTok
By FAN FEIFEI | | Updated: 2023-03-16 23:18

TikTok app logo is seen in this illustration taken, August 22, 2022. [Photo/Agencies]
China urged the United States on Thursday to stop spreading false information on data security issues and unreasonably suppressing related companies, as Washington had yet to provide evidence that Chinese-owned short video platform TikTok threatened US national security.

The US government should provide an open, fair and nondiscriminatory environment for companies from all countries to invest and operate in the US, Foreign Ministry spokesman Wang Wenbin said at a daily news briefing.

Wang made the remark after The Wall Street Journal quoted anonymous sources as saying that the administration of US President Joe Biden has demanded that TikTok's Chinese parent company ByteDance sell its stakes in the popular video-sharing app or face a possible US ban on the app.

China always holds that the data security issue shouldn't be a tool that some countries leverage to generalize the concept of national security and abuse state power to suppress companies from other countries, Wang said.

"We remain confident that the best path forward to addressing concerns about national security is transparent, US-based protection of US user data and systems, with robust third-party monitoring, vetting and verification, which we are already implementing," a TikTok spokesperson said in a statement on Thursday.

"If protecting national security is the objective, a ban or divestment doesn't solve the problem, as neither option solves the issues of data access or transfer," the company said, adding that a forced sale won't resolve national security issues.

Bai Ming, deputy director of international market research at the Chinese Academy of International Trade and Economic Cooperation, said the US uses the "national security threat" as an excuse to contain the rise of Chinese companies, which completely deviates from the principle of fair competition in a free market.

"Such practices will not only affect the normal business activities of Chinese companies in the US and violate their legitimate interests, but also harm the rights of US consumers, given that TikTok has gained wide popularity among the country's younger generation," Bai said.

Late last month, the White House required all US federal agencies to remove TikTok from their phones and systems within 30 days, and Canada announced that it is banning TikTok from all government-issued mobile devices.

Li Yong, deputy head of the Expert Committee of the China Association of International Trade, said that the US government uses political measures to crack down on Chinese companies operating in the US, which is a kind of hegemony that severely damages TikTok's corporate image and reputation, and also violates international economic and trade rules.

TikTok has announced it will spend $1.5 billion on a plan known as "Project Texas", in a bid to bolster data security through storing US-based user data in the servers of US tech company Oracle.

It also announced a series of new measures last week to strengthen the protection of user data in Europe. These measures include further enhancing controls on access to user data by introducing security gateways that will determine employee access to European TikTok user data and data transfers outside of Europe.

The company also plans to build its second data center in Ireland, and another in Norway. Last year, TikTok established its first European data center in Dublin, Ireland. All of these data centers will be co-location sites operated by third-party service providers, the company said.
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Huawei calls on partners to promote 5.5G tech
By MA SI | China Daily | Updated: 2023-03-20 09:02

People gather at the Huawei stand during the GSMA 2023 Mobile World Congress in Barcelona, Spain, on Feb 28. [Photo/Agencies]
Huawei Technologies Co is calling on partners to promote industry consensus and commercial deployments for the era of 5.5G, an evolution of 5G technology.

Yang Chaobin, senior vice-president of Huawei, said: "The rapid growth of 5G has led to new service requirements that are becoming more diverse and complex. Such changes demand stronger 5G capabilities."

Yang said that as 6G is still in the early stages of research, 5.5G is a necessary and natural evolution of 5G, which has become an industry consensus.

Huawei laid out five major characteristics of the 5.5G era — 10 Gbps experiences, full-scenario interconnection, integrated sensing and communication, autonomous networks and green information and communications technology.

Yang called on the global telecom industry to jointly promote 5.5G development in four areas including setting clear roadmaps for industry standardization and a clear strategy for spectrum, which is fundamental to wireless networks.

Huawei and leading Saudi Arabian telecommunications operator Zain KSA signed a memorandum of understanding last month for the"5.5G City" joint innovation project.

Under the MoU, both parties will work together to promote technological innovation for 5.5G evolution and expand scalable offerings to individuals, enterprises and government customers. Additionally, they will strengthen the digital infrastructure and build a global 5.5G evolution pioneer network, providing a strong engine to achieve the national digitalization goals outlined in Saudi Vision 2030.

Abdulrahman Al-Mufadda, chief technology officer of Zain KSA, said, "Our commitment to driving digital transformation has been made possible by combining innovative technology investments with pioneering digital solutions across multiple fields, including cloud computing, fintech, business support and drone technologies."

The cooperation came as 5G is now in the fast lane after three years of commercial use. By the end of 2022, global 5G users exceeded 1 billion, gigabit broadband users reached 100 million, and more than 20,000 industry applications were put into use, according to data compiled by Huawei.

Leading operators in China, South Korea, Switzerland, Finland and Kuwait have already achieved 5G user penetration rates of more than 30 percent with more than 30 percent of their traffic coming from 5G, Huawei said.

Network intelligence and connectivity insights provider Ookla's latest 5G City Benchmark Report showed Huawei has played an important role in 5G network construction in all of the top 10 cities among the world's 40 most 5G-enabled cities. Performance results in these 10 cities show 5G networks constructed by Huawei offer the best experience.

Last month, Huawei also revealed a collaboration with Botswana's Debswana Diamond Co (Pty) Ltd on the world's first 5G smart diamond mine project.

Debswana's Head of Information Management Molemisi Nelson Sechaba said that the Huawei-enabled smart mine solution has been deployed at Debswana's Jwaneng open-pit diamond mine. The project started operation in December 2021.

At present, Huawei's 4G eLTE, an advanced version of 4G technology, provides stable connectivity for the Jwaneng mine, connecting more than 260 pieces of equipment, including drilling rigs, excavators, heavy trucks and pickup trucks. This enables interconnection between the mine's production, safety and security systems, Sechaba said.

The Jwaneng mine is the world's first 5G-oriented smart diamond mine, which means the hardware equipment such as base stations used in the mine's digital transformation support network has upgraded to 5G, Huawei said.
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Tencent sees AI 'multiplier' amid profit rebound
By Cheng Yu | | Updated: 2023-03-23 09:24

A woman is seen at the Tencent Holdings Ltd booth during an expo in Shanghai. [Photo by Fan Jianlei/For China Daily]
Chinese tech leader Tencent Holdings said on Wednesday that artificial intelligence would be a future "growth multiplier" for the company, as it reported a rebound in net profit in the fourth quarter of last year.

The company's net profit, after five successive quarters of declines, rose 19 percent year-on-year to 29.7 billion yuan ($4.32 billion) in the fourth quarter.

Though the overall revenue last year saw slight drop to 554.55 billion yuan, revenue from businesses related to the integration of digital economy and real economy, represented by fintech and enterprise services, hit a new high of 177.06 billion yuan.

Amid the worldwide ChatGPT craze, Tencent President Martin Lau said during a medica call that the company would invest resources into building foundational AI models and gradually roll out its own, but that the company would not rush to launch a similar chatbot.

Notably, Tencent's gaming growth remained solid. Revenue from gaming businesses overseas in particular soared 5 percent to 13.9 billion yuan.

Also, WeChat Channels, Tencent's short video platform, saw the number of daily active creators and video uploads rise by over 100 percent year-on-year last year.

The total time users spend on Channels also exceeded that of WeChat Moments, a popular social networking function allowing interaction with text, photos and videos between WeChat friends.
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Cooperation between US, Chinese companies remains resilient, head of business body says

By Liu Zhihua | | Updated: 2023-03-25 16:18

Containers carrying goods for export are seen in Qingdao Port, East China's Shandong province. [Photo/VCG]
Despite challenges from factors such as probably slower economic growth in China over the next 10 years compared with the past, cooperation between American companies and their Chinese counterparts is extremely resilient, Craig Allen, president of the United States-China Business Council, said on Saturday at the ongoing the China Development Forum 2023.

US exports to China reached record highs in 2022, and China remains a crucial destination for US agriculture, food, chemical exporters, and other commodities, he said, adding USCBC data suggest that about one million Americans are employed as a result of exports to China.

Apart from trade, US investment in China is also very important, and 77 percent of what American companies make in China is sold in China for the local market and only 7 percent is exported back to the US, Allen said.

"I think that this dispels the common reference that American companies are simply offshoring work to China to supply the US market," he said.

"Nonetheless, we have reached a new and important inflection point in China's economic growth, its economic reforms, and its reintegration with the world following the reopening China's borders in the post-COVID era," Allen added.

He also said some problems need to be addressed so that the investment environment in China will substantially improve.

For instance, he hopes there will be more transparent regulation and enforcement practices on data security and privacy regimes, better industrial policies, and a finer balance between State-owned enterprises and the private sector.

He also hoped that further liberalization would be considered in areas such as cloud computing, internet services, agricultural biotechnology, human genetic material, legal services, media, and entertainment.

"We welcome China's continued efforts to strengthen intellectual property rights…More competitive environments, fairer markets in China will lead to jobs, efficiencies, innovation, and growth," Allen said.
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Alibaba announces historic restructuring
By Fan Feifei | | Updated: 2023-03-28 21:38

The headquarters of e-commerce giant Alibaba Group in Hangzhou, capital of East China's Zhejiang province. [Photo by Niu Jing/For China Daily]
Chinese tech heavyweight Alibaba Group Holding Ltd announced on Tuesday it will split its business into six main units, the biggest restructuring in the company's 24 year history.

Each of the units will be managed by its own chief executive and board of directors and have the flexibility to raise outside capital and seek its own initial public offering, said Daniel Zhang, chairman and CEO of Alibaba Group, in an internal letter to employees.

The six units will cover cloud intelligence, Taobao Tmall commerce, local services, Cainiao smart logistics, global digital commerce and digital media and entertainment.

Zhang will continue to serve as chairman and CEO of Alibaba, which will follow a holding company management model. Zhang will also be the CEO of the cloud intelligence unit.

The fundamental purpose of this reform is to make the organization more agile, Zhang said in the letter, adding each unit should actively tackle rapid changes in the market.

The restructuring announcement comes one day after Alibaba founder Jack Ma was spotted at a primary school in Hangzhou, marking his first public appearance in the Chinese mainland in more than a year.
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Huawei will focus on creating new growth drivers
By Ma Si | | Updated: 2023-03-31 17:29

Meng Wanzhou, CFO of Huawei and rotating chairwoman of Huawei. [Photo provided to]
Huawei Technologies Co said on Friday that it posted 35.6 billion yuan ($5.1 billion) in net profit during 2022, and it will focus on creating growth opportunities in the next few years, as the Chinese tech company adjusts its strategies in a business-as-usual approach amid the prolonged US government restrictions.

The company posted 642.3 billion yuan in revenue in 2022, marking a 0.9 percent year-on-year rise. Specifically, the revenue from Huawei's carrier, enterprise and consumer businesses was 284 billion yuan, 133.2 billion yuan, and 214.5 billion yuan, respectively.

Xu Zhijun, rotating chairman of Huawei, said at the company's annual report press conference that: "In 2022, a challenging external environment and non-market factors continued to take a toll on Huawei's operations."

Meng Wanzhou, chief financial officer of Huawei, said: "Despite substantial pressure in 2022, our overall business results were in line with forecast. At the end of 2022, our liability ratio was 58.9 percent and our net cash balance was 176.3 billion yuan. In addition, our balance of total assets reached one trillion yuan, largely composed of current assets such as cash, short-term investments, and operating assets."

"Our financial position remains solid, with strong resilience and flexibility. In 2022, our total R&D spending was 161.5 billion yuan, representing 25.1 percent of our total revenue, among the highest in Huawei's history. In times of pressure, we press on, with confidence," Meng said.

"2023 will be crucial to Huawei's sustainable survival and development," Xu said.

"Plum blossoms tend to grow sweeter from a harsh winter's freeze. Today, Huawei is like a plum blossom. While it's true that we have considerable pressure ahead of us, we have what it takes to come out the other end, with opportunities to grow, a resilient business portfolio, a unique competitive edge, the enduring trust of our customers and partners, and the courage to invest heavily in research and development," Xu said.
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Kweichow Moutai becomes most valuable Chinese brand
By Yang Yang | | Updated: 2023-04-03 14:55

A bottle of China's top alcohol brand Kweichow Moutai. [Photo/Sipa]
With a brand value of 1.04 trillion yuan($150 billion), Kweichow Moutai has become the most valuable Chinese brand for the fifth consecutive year, according to Hurun Most Valuable Chinese Brand 2022 ranking released on Monday.

Kweichow Moutai, the only trillion-dollar brand, is followed by another a liquor brand Wuliangye and a cigarette brand ChungHwa.

Although its brand value dropped 33 percent to 160 billion yuan, short-video app Douyin rose one spot to tie with WeChat for the fourth place.

Chinese consumers' trust in private brands has risen significantly in recent years. Sixty-two percent of the brands on this year's list are private, up from 61 percent last year and 39 percent a decade ago, said Rupert Hoogewerf, chairman and chief researcher of Hurun Report.

Beijing, Shanghai and Shenzhen remain the top three cities with the most brands on the list, with 70, 52 and 32, respectively, collectively accounting for more than half of the top 300.

This is the 17th year for Hurun Research Institute to release Hurun Brands List and the first year for the list to expand from the top 200 to the top 300 last year, with the threshold of entry adjusted to 2.5 billion yuan from 6 billion yuan last year.
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Realme unveils latest phone to target gaming enthusiasts
By Ma Si | | Updated: 2023-04-07 16:59

People visit the booth of Realme at an exhibition in Guangzhou, Guangdong province on Nov, 11, 2021. [Photo/VCG]
Chinese smartphone brand Realme unveiled its latest handset GT Neo 5 SE to target gaming enthusiasts in its latest push to grab a bigger share of the world's largest smartphone market amid intensified competition.

Priced from 1,999 yuan ($291) in China, GT Neo 5 SE is designed to popularize affordable gaming smartphones.

Xu Qi, president of Realme, said the company's offline service outlets have covered 80 percent of prefecture-level cities nationwide, and it aims to achieve 100 percent coverage by the end of this year.

Shipments of smartphones in China fell 13.2 percent year-on-year to 285.8 million units in 2022, according to market research firm International Data Corp. This is the first time in a decade that China's phone shipments have fallen below 300 million units.

Launched in the middle of 2018, Realme has quickly gained popularity in India and then grew to be a major smartphone vendor in the world, chiefly relying on its popularity in e-commerce sales channels and its resonance with young consumers.
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Lenovo to accelerate service-oriented transformation
By Ma Si | | Updated: 2023-04-07 16:08

Yang Yuanqing, chairman of Lenovo. [Photo provided to]
Chinese tech heavyweight Lenovo Group Ltd said it will ratchet up efforts to accelerate its service-oriented transformation and fully promote technology-driven innovation.

Yang Yuanqing, chairman of Lenovo, said on Thursday that the company aims to grow its personal computer business at a growth rate that outpaces the overall industry growth and maintain industry-leading profitability in its new fiscal year.

Meanwhile, the company aims to grow the proportion of non-personal computer business turnover by more than 2 percentage points, Yang said.

According to him, in the past three years, Lenovo's annual revenue has increased to 460 billion yuan ($66.9 billion) from 350 billion yuan, an increase of more than 100 billion yuan, and its net profit has almost tripled compared with three years ago.

Meanwhile, the company has stepped up the recruitment of cutting-edge technology talents, adding a total of 8,800 research and development personnel in the period.

While the industry faces significant macroeconomic pressures, Lenovo said it sees long-term opportunities ahead as the global trends of digitalization and intelligent transformation continue accelerating and IT spending is expected to recover to a moderate growth rate in the mid-to long-term.
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Tesla to build new Megafactory in Shanghai
Xinhua | Updated: 2023-04-09 16:44

SHANGHAI -- US carmaker Tesla Inc on Sunday announced that it will build a new mega factory in Shanghai, which will be dedicated to manufacturing the company's energy-storage product Megapack.
The new plant is scheduled to break ground in the third quarter of the year and start production in the second quarter of 2024, Tesla said at the project's signing ceremony in Shanghai.
The factory will initially produce 10,000 Megapack units every year, equal to approximately 40 GWh of energy storage. The products will be sold worldwide.
Megapack is a powerful battery that provides energy storage and support, helping to stabilize the grid and prevent outages, information on Tesla's website shows.
The company's new plant will be located in the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone.
Zhuang Mudi, deputy secretary-general of the Shanghai municipal government, said the project will help drive the development of the new energy-storage industry, as well as the green and low-carbon transformation of Shanghai.
In January 2019, Tesla broke ground on its Shanghai Gigafactory, becoming the first to benefit from a new policy allowing foreign carmakers to establish wholly owned subsidiaries in China.
It is Tesla's first Gigafactory outside the United States, and the plant delivered 710,000 vehicles in 2022, an increase of 48 percent from 2021. It has become Tesla's primary vehicle export hub, with electric cars selling well in the Asia-Pacific, Europe and other regions.
Thanks to the excellent business environment in Shanghai and the Lin-gang Special Area, the Tesla Shanghai Gigafactory has an industrial chain localization rate of more than 95 percent, said Tao Lin, vice president of Tesla.
Tesla's decision to build the new mega plant in Shanghai is a positive signal demonstrating foreign enterprises' confidence in the Chinese economy as it bounces back from COVID and presses ahead to maintain steady and quality growth.
China has reiterated its commitment to opening-up in recent weeks at different events, expressing a willingness to share the dividends of an ultra-large consumer market with the world and its consistent resolve to boost common development for all.
The country's economic performance has gotten off to a strong start this year, showing robust growth momentum and raising investors' confidence. In the first two months of 2023, foreign direct investment in the Chinese mainland, in actual use, expanded 6.1 percent year on year to 268.44 billion yuan (about $39.07 billion).
A recent survey conducted by the American Chamber of Commerce in South China also pointed to growing optimism, as over 90 percent of the participating companies consider China to be one of their most important investment destinations, while 75 percent of the surveyed companies said they plan to reinvest in China in 2023.
Since 2019, Tesla has been ramping up investment in the Lin-gang Special Area, expanding the production capacity of its Shanghai Gigafactory and building more facilities, including a supercharger manufacturing factory.
Tesla's new factory is expected to create an industrial cluster worth over 100 billion yuan, said Lu Yu, an official of the Lin-gang Special Area Administration.

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COFCO's investment in Brazil exceeds $2.3b

Xinhua | Updated: 2023-04-13 10:30

The booth of COFCO, an SOE owning 16 listed companies, is seen during an agro-expo in Beijing. [Photo by WU CHANGQING/FOR CHINA DAILY]
BEIJING -- China's leading agricultural and food company COFCO Corporation has invested over $2.3 billion in Brazil since 2014, according to data released by the company.

COFCO Corporation has become one of Brazil's major exporters and processors of corn, soybeans and raw sugar.

In 2022, the company sold 33 million tonnes of agricultural products in Brazil and recorded a sales revenue of $5.4 billion.

For the past three years, COFCO Corporation has imported 34 million tons of agricultural products from Brazil, with a total import value of $19 billion.

Importing high-quality Brazilian agricultural products to China not only solves the issue of agricultural product sales for Brazilian farmers, but also meets China's domestic demand for agricultural products, thus achieving mutual benefits and win-win results, according to the company.
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Xiaomi condemns their placement on Ukrainian list of war sponsors
By Ma Si | | Updated: 2023-04-14 16:17

The logo of Xiaomi. [Photo/IC]
Xiaomi Corp said on Friday that it strongly opposed the Ukrainian government's decision to place it on their so-called list of "international sponsors of war", adding that it only provides civilian smartphones and home appliances.

Xiaomi said, as a global enterprise established in Beijing, it believes that every consumer worldwide should have the right to access communication tools and internet information.

"We are engaged in consumer businesses in over 100 countries and regions around the world and strictly comply with the local laws and regulations accordingly," Xiaomi said.
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Alibaba's logistics unit Cainiao signs deal with Brazil Post
By Fan Feifei | | Updated: 2023-04-14 14:03

Cainiao Network signs strategic partnership with the Brazil Post to deepen collaboration in international express and logistics technology. [Photo provided to]
Cainiao Network, the logistics arm of Chinese technology heavyweight Alibaba Group, announced on Friday that it has signed a strategic partnership with the Brazil Post, the national postal service of Brazil, to deepen collaboration in international express and logistics technology.

The two companies will carry out cooperation in fields such as global air cargo, local logistics infrastructure and digital logistics technology, strengthen the construction of express delivery networks in Brazil, as well as jointly optimize the import and export logistics services.

Currently, Cainiao operates eight China-Brazil chartered flights per week, and has launched its first distribution center in Brazil, with its express delivery network spanning over 1,000 Brazilian cities.

The company has continued its emphasis on the development of global logistics infrastructure with the expansion of overseas distribution centers to 15, as well as the establishment of overseas warehouses, self-operated distribution and pick-up facilities.
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