Media Focus on Multinational Corporations





Starbucks announced that it is deepening its commitment to sustainability with a plan to build 10,000 'greener stores' around the globe by 2025, a move that will encompass new stores and renovations. The company expects it will save some $50 million in utility costs over the next decade as a result of the plan.


Amazon CEO Jeff Bezos announced a new $2 billion philanthropic fund on Thursday. But philanthropy experts say his fund still faces many unanswered questions. The announcement came more than a year after Bezos asked his Twitter followers for ideas on how to give away his fortune, and on the heels of growing public criticism on his lack of philanthropic activities.


The creator of Google's self-driving car project is now working to automate boring office functions. Stealthy enterprise start-up Cresta AI is trying to automate repetitive tasks, starting with sales chats. Sebastian Thrun, the creator of Google's self-driving car project, is a co-founder of the company. Cresta recently raised a seed round of funding.


China Mobile Communications Corp, the world's largest mobile carrier by subscribers, is ratcheting up resources to crack down on telecom fraud by leveraging big data and artificial intelligence technologies. As part of its efforts to address such challenges, the Zhejiang provincial branch of China Mobile has developed a big data anti-fraud system, called Tiandun or Sky Shield in English. The system is equipped with machine learning technologies. Based on details of a large number of fraud cases provided by police departments, Sky Shield can recognize fraudulent communication behavior, differentiate it from normal calls and intercept spam calls and texts.


Volvo Cars, which has an enduring reputation for being safe, is now facing safety concerns. The carmaker stepped into the spotlight following a report by CCTV-2, an economic program run by China Central Television (CCTV), over transmission problems.  According to the report, an imported Volvo XC60 suddenly lost power while driving on the overpass in Shanghai, and inspection results show the stall was caused by a fault with the car's transmission. Volvo Car Distribution (Shanghai) Co., Ltd. delivered an explanatory statement, claiming that the company already announced solutions in December 2017 to solve the issues.  The solutions, however, failed to quell the matter. 


Chinese phone maker Huawei Technologies Co Ltd has been moving R&D staff from its Shenzhen headquarters to a new campus in the neighboring city of Dongguan since July. Thousands of people have relocated so far and another round of resettlement is expected by the end of this year. The campus, named Xiliubeipo Village, is located on the shore of Songshan Lake in Dongguan, a one-hour drive away from Huawei's current headquarters. It is expected to provide offices for 25,000 R&D employees.


Boeing Co said China is the world's fastest-growing market for long-haul flights, boosted by robust demand for business and leisure air travel and the growing number of middle-income consumers. The US aircraft manufacturer has boosted its forecast for China, saying that over the next 20 years, the nation will need 7,690 new airplanes, according to a news release issued by Boeing in Beijing on Tuesday.


Heraeus Precious Metals Technology (China) Co Ltd, a subsidiary of the Germany-based, family-owned international technology giant, opened its $120-million ultramodern precious metals plant at Nanjing, Jiangsu province. 'The Nanjing site will allow us to combine Heraeus' global network with local talents, stay closer to our local customers, and better serve them with our global capabilities,' said Jan Rinnert, Heraeus' global chairman and CEO.


Google's work on search in China has been exploratory and the company is 'not close to launching a search product in China,' a spokesperson of the US technology company told the Global Times. The comment came in response to market rumors that Google is building a prototype system that would tie Chinese users' Google searches to their personal phone numbers.


Microsoft Corp plans to set up an arm of its Asian research house in Shanghai this year, fueling the city's ambition for a digital upgrade and new artificial intelligence talent. The announcement was made by Harry Shum, Microsoft's executive vice-president, during the 2018 World Artificial Intelligence Conference.


Aviva-COFCO Life Insurance Co Ltd will continue to build human resources management platform for companies, aiming to expand its business in the employee welfare domain, according to the firm's top management. As a joint venture enterprise founded by Aviva Group and COFCO Group in 2003, the company is focused on becoming a leading digitalized insurer, aiming to provide diversified products and services to different groups of clients.