List of 'global' Chinese brands ever growing
1 month, 1 week ago

List of 'global' Chinese brands ever growing

China Daily  

Visitors check out the booth of Zhejiang Geely Holding Group at an auto expo in Frankfurt, Germany, in September. At the recent 2024 China Enterprise High Quality Overseas Forum in Beijing, experts and industry leaders shared insights into how Chinese companies can strategically expand globally, embracing high-quality development in increasingly complex overseas markets. Yang outlined Lenovo's "three pillars" for successful globalization — a robust supply chain, a global R&D system and a worldwide marketing network. "These are essential capabilities that every Chinese company going global should develop," he said, adding that digital transformation and adherence to environmental, social and governance standards underpin these efforts. Zhejiang Geely Holding Group, China's largest private carmaker, has demonstrated steady growth in overseas markets, achieving 40 percent in terms of the number of cars sold and more than 50 percent of sales revenue recorded abroad last year.

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History of this topic

Shifting from 'world's factory' to brand powerhouse
1 week, 1 day ago

Shifting from 'world's factory' to brand powerhouse

China Daily  

For much of its industrial history, China has been the world's manufacturing center, producing goods at scale for international brands, although it is yet to have many internationally renowned brands of its own. In 2008, only 13 Chinese brands were in the Brand Finance Global 500, worth a combined brand value of $62 billion. This is evident from the increasing …

Firms urged to sharpen global strategy
2 weeks, 3 days ago

Firms urged to sharpen global strategy

China Daily  

Report says companies should explore new growth drivers in overseas markets As the global trade landscape continues to evolve, Chinese enterprises making forays into overseas markets should strengthen localized production and operation, and optimize the layout in global supply chains, while pooling more resources into technological innovation, to navigate challenges from escalating trade protectionism and geopolitical tensions, said experts and …

Li: Stable industrial and supply chains key
4 weeks ago

Li: Stable industrial and supply chains key

China Daily  

Enterprises encouraged to bolster support for economic globalization Premier Li Qiang called on Monday for opposing all forms of decoupling and firmly upholding stable and unimpeded global industrial and supply chains. The premier warned that amid the sluggish global economic recovery, protectionist moves and overstretching of security are harming global industrial and supply chains, further driving up enterprise costs, reducing …

China pivotal to MNCs' global biz strategy
Trending News
1 month ago

China pivotal to MNCs' global biz strategy

China Daily  

Visitors check large aircraft parts from Swedish technology group Hexagon AB at its booth during the seventh China International Import Expo in Shanghai on Nov 5. "As China's manufacturing sector undergoes transformation and upgrading, high-end manufacturing has become a key area for attracting foreign investment," Ji said. Apart from showcasing the latest products and technology solutions at its 600-square-meter booth, …

China pivotal to MNCs' global biz strategy
Trending News
1 month ago

China pivotal to MNCs' global biz strategy

China Daily  

Visitors experience lens products from German optical systems company ZEISS Group at its booth during the seventh CIIE in Shanghai on Nov 9. Highlighting that this grand event has established itself as a premier venue for global product debuts for seven years, Arnold Li, senior vice-president of Ingersoll Rand Inc, a US industrial goods manufacturer and seven-time participant at the …

List of 'global' Chinese brands ever growing
1 month, 1 week ago

List of 'global' Chinese brands ever growing

China Daily  

Visitors check out the booth of Zhejiang Geely Holding Group at an auto expo in Frankfurt, Germany, in September. At the recent 2024 China Enterprise High Quality Overseas Forum in Beijing, experts and industry leaders shared insights into how Chinese companies can strategically expand globally, embracing high-quality development in increasingly complex overseas markets. Yang outlined Lenovo's "three pillars" for successful …

Chinese enterprises' global expansion: Balancing growth and localization
1 month, 2 weeks ago

Chinese enterprises' global expansion: Balancing growth and localization

China Daily  

At the 2024 China Enterprise High Quality Going Overseas Forum in Beijing, experts and industry leaders shared insights into how Chinese companies can strategically expand globally. At the 2024 China Enterprise High Quality Going Overseas Forum held recently in Beijing, experts and industry leaders shared insights into how Chinese companies can strategically expand globally, embracing high-quality development in increasingly complex …

Hisense's Global Expansion: A Strategic Move to Boost Profit and Market Share
2 months, 1 week ago

Hisense's Global Expansion: A Strategic Move to Boost Profit and Market Share

China Daily  

Chinese appliance makers are expanding their footprint overseas for new profit growth points and long-term development. The company has established six R&D centers and five major manufacturing bases in Europe, with sales revenue in the continent rising 19.5 percent year-on-year to 3.8 billion euros ($4.15 billion).

Appliance makers chart big overseas expansion
2 months, 1 week ago

Appliance makers chart big overseas expansion

China Daily  

Employees work on a TV production line at Hisense's industrial park in Atlantis, Western Cape province, South Africa, in April. WU XIAOHUI/CHINA DAILY Chinese home appliance makers are ratcheting up efforts to expand their presence in overseas markets and increase investments in localized operations covering research and development, production and marketing. Experts said establishing overseas manufacturing bases and production lines …

US-based Moloco riding Chinese firms' energetic overseas expansion
2 months, 3 weeks ago

US-based Moloco riding Chinese firms' energetic overseas expansion

China Daily  

Visitors gather at Moloco Inc's booth during a digital entertainment expo in Shanghai in July 2023. Moloco Inc, a United States-based company that offers machine learning-based advertising solutions, is optimistic about this trend, particularly regarding the rapidly growing Chinese market and the rising global prominence and foreign expansion of Chinese firms. Bruce Li, head of new business for Moloco Greater …

Moloco's Expansion into China: A Strategic Journey to Uncover New Opportunities
2 months, 3 weeks ago

Moloco's Expansion into China: A Strategic Journey to Uncover New Opportunities

China Daily  

US-based Moloco Inc is optimistic about the future of Chinese companies' overseas expansion, particularly in emerging markets like Brazil and Southeast Asia. The company focuses on machine learning-based advertising solutions and has established over 10 offices globally, supporting Chinese enterprises in their quest for global expansion.

Chinese funds help energize Global South
3 months, 3 weeks ago

Chinese funds help energize Global South

China Daily  

An employee works on an assembly line of electric buses, whose components are imported from China, in Addis Ababa, Ethiopia, in March. Today, Chinese firms, especially those engaged in sectors like high-end manufacturing and trade-in services, are adapting their strategies to better align with the changing global market environment. Over the past five years, with the global landscape evolving rapidly, …

Domestic brands look to grow global markets
5 months, 2 weeks ago

Domestic brands look to grow global markets

China Daily  

Workers assemble an electric car in BYD's factory in Rayong, Thailand, on July 4. "BYD's investment in Thailand, along with its advanced production technology, will drive the development of the new energy vehicle industry in Thailand and across ASEAN countries," said Thailand's Minister of Industry Pimphattra Wichaikul. Southeast Asia is emerging as a hub for Chinese carmakers, especially those which …

China offers high-tech road to success
6 months ago

China offers high-tech road to success

China Daily  

Vehicles from Chinese brands wait to be exported from a port in Suzhou, Jiangsu province. While China's consumer market remains enormous, international brands now face fierce competition from sophisticated local brands which align closely with Chinese consumers' tastes and demands. China's new era is characterized by high-tech innovation, industrial development and robust industry and supply chains. Given China's complete industry …

China offers high-tech road to success
6 months ago

China offers high-tech road to success

China Daily  

Vehicles from Chinese brands wait to be exported from a port in Suzhou, Jiangsu province. While China's consumer market remains enormous, international brands now face fierce competition from sophisticated local brands which align closely with Chinese consumers' tastes and demands. China's new era is characterized by high-tech innovation, industrial development and robust industry and supply chains. Given China's complete industry …

Chinese autos looking to meet global demand
6 months, 3 weeks ago

Chinese autos looking to meet global demand

China Daily  

Visitors check out SW products during a machine expo in Shanghai in April 2018. Norbert Wiest, general manager of SW China, the Chinese branch of German machine tool maker SW, said, "It is logical for China's car industry to go global." Wiest said SW's Hungary branch saw a business boom in the past two years, largely due to orders from …

Chinese brands becoming bigger hits abroad
8 months, 3 weeks ago

Chinese brands becoming bigger hits abroad

China Daily  

SONG CHEN/CHINA DAILY Many would argue that a true indication of a country's economy is the number of home-grown international brands and the level to which they have made inroads into global markets. This became all the more evident when both Brand Finance and BrandZ, reputable international brand valuation organizations, put a record number of Chinese brands in their world …

Hisense boss highlights innovation
9 months, 1 week ago

Hisense boss highlights innovation

China Daily  

Amid challenges posed by deglobalization, Chinese enterprises looking to expand internationally need to focus on technological innovation and the development of new quality productive forces to strengthen their overseas market presence, said Jia Shaoqian, a deputy to the National People's Congress. Jia, who is also president of Hisense Group, a leading Chinese home appliance manufacturer, said that like their global …

Hisense boss highlights innovation
9 months, 1 week ago

Hisense boss highlights innovation

China Daily  

Amid challenges posed by deglobalization, Chinese enterprises looking to expand internationally need to focus on technological innovation and the development of new quality productive forces to strengthen their overseas market presence, said Jia Shaoqian, a deputy to the National People's Congress. Jia, who is also president of Hisense Group, a leading Chinese home appliance manufacturer, said that like their global …

Hisense boss highlights innovation
9 months, 1 week ago

Hisense boss highlights innovation

China Daily  

Amid challenges posed by deglobalization, Chinese enterprises looking to expand internationally need to focus on technological innovation and the development of new quality productive forces to strengthen their overseas market presence, said Jia Shaoqian, a deputy to the National People's Congress. Jia, who is also president of Hisense Group, a leading Chinese home appliance manufacturer, said that like their global …

Strategy offers opportunities for foreign firms
1 year, 10 months ago

Strategy offers opportunities for foreign firms

China Daily  

Visitors experience Qualcomm's extended reality devices during the fifth China International Import Expo in Shanghai in November, 2022. Global business leaders praise country's steps to foster innovation, technologies China's efforts to pursue self-reliance in crucial technologies will create opportunities for multinationals to thrive along with their Chinese counterparts, as a more innovative China can help buoy global economic recovery, stabilize …

Why China is a fertile investment ground for MNCs
2 years, 1 month ago

Why China is a fertile investment ground for MNCs

China Daily  

By Zhong Nan | China Daily| Updated :2022-11-23 Visitors check out Bayer products during the fifth CIIE in Shanghai on Nov 6. From the perspective of overall consumption power, China's long-term rapid economic growth has created a new middle-income group with strong purchasing power, while new technologies have developed rapidly in the background. Another point they might ponder in the …

Emerging domestic brands to make big impressions overseas: Expert
3 years, 6 months ago

Emerging domestic brands to make big impressions overseas: Expert

China Daily  

Sales of Florasis, an innovative makeup brand founded in 2017, skyrocketed more than 60 times in 2020 compared to 2018. China's fast-growing emerging domestic brands will be China's new name cards overseas, an industry expert said on Tuesday. According to BrandGrow China's Emerging Brands Growth Potential Report 2021, released by the academy, the total potential assets of the emerging brands …

Nation to help tackle more global tech issues, expert says
3 years, 10 months ago

Nation to help tackle more global tech issues, expert says

China Daily  

Xue Lan Seeking self-reliance in science and technology does not mean that China is decoupling from the world. Over the past four decades, China's scientific capability has seen tremendous progress, thanks to continuous reforms to remove barriers to innovation, integrating into the global innovation system by attracting foreign capital and working with global research institutions, and benefiting from a relatively …

Innovation to be China's edge in Asia
4 years ago

Innovation to be China's edge in Asia

China Daily  

A family selects an education robot at a bookstore in Suzhou, East China's Jiangsu province. Nation's competitiveness in global industrial chains 'rapidly rising' China's innovation-driven development stands out among all the Asian economies and can play a major role in fostering technology cooperation in several key sectors, experts said on Wednesday. "China has become a major global innovation promoter, which …

Global MNCs stay bullish on China
4 years, 3 months ago

Global MNCs stay bullish on China

China Daily  

A photo shows a night view of the CBD area in downtown Beijing, capital of China. Global multinational companies in the Fortune Global 500 rankings remain upbeat on China and are setting up new projects and increasing investment in existing facilities despite the hazy global economic outlook due to COVID-19 epidemic headwinds and rising trade friction, experts said. Despite the …

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