Media Focus on Multinational Corporations





Global leading food and beverage company Nestlé launched its long-term healthy breakfast campaign to further expand its presence in the areas of health, nutrition and wellness in the Chinese market. Nestlé has also created a collaborative platform with government, scientific organizations and business partners to make a joint effort and continuously communicate with consumers to help them develop a healthy lifestyle.


Alibaba Group Holding Ltd is elbowing its way into the car spare parts and supply chain market by forming a new joint venture with a local firm that it hopes will become the 'unicorn' of the country's emerging automotive aftermarket.


Chinese consumer electronics company Haier Appliances will invest $439.84 million to establish manufacturing units at an industrial township in Greater Noida, India's northern state of Uttar Pradesh, according to a report from The Times of India. Haier expects to generate direct employment for 3,950 people with this project, and has been allocated 500,529 square meters of land in the Delhi-Mumbai Industrial Corridor (DMIC) Integrated Industrial Township Greater Noida project (IITGN) for setting up manufacturing units, the report said. 


The Industrial and Commercial Bank of China (ICBC) Yangon branch, the first Chinese commercial bank operating in Myanmar, has inaugurated its new center in Myanmar's Yangon. At the opening ceremony on Friday, Chinese Ambassador Hong Liang hoped the ICBC Yangon branch to become one of the most powerful and efficient foreign banks in Myanmar and called for promotion of financial and monetary cooperation between China and Myanmar, as well as construction of the China-Myanmar Economic Corridor.


Volkswagen must undertake further efforts to improve its corporate culture in response to the 'dieselgate' scandal, Larry Thompson, the company's independent compliance auditor (ICA), told press on Monday. Speaking at the Volkswagen Group's corporate headquarters in Wolfsburg, Thompson said that the German carmaker still had a long way to go with regards to integrity, compliance and culture.


U.S. ride-hailing leader Uber Technologies Inc. (Uber) said Monday that it is partnering with Toyota Motor Corporation (Toyota) on self-driving vehicles as Toyota announced an investment of 500 million U.S. dollars in a new joint project. Uber said it will supply its proprietary self-driving system to Toyota Sienna Minivans, which will be owned and operated by a new business to be established by Uber and Toyota.


Washington on Friday designated a special compliance team led by a former US attorney to police China's ZTE Corp on a real-time basis with 'unprecedented access' to the company's information, which Chinese observers said on Monday would largely have a positive impact on the Chinese firm's operation in the US despite potential risks of trade secret leakage. The US Commerce Department made the announcement on its website Friday of the selection of Roscoe C. Howard Jr. to be the Special Compliance Coordinator for China's ZTE as result of the previous settlement between the department and ZTE that included a $1.76 billion fine, a 10-year probationary period and the installation of a coordinator to regulate and supervise a team answerable to the department's Bureau of Industry and Security.


China Petroleum and Chemical Corp, the world's largest refiner by capacity, reported its best half-yearly profits since listing 18 years ago, on better refining profits and a rebound in crude oil prices. Known as Sinopec, the company's operating profit for the first six months of the year stood at 67.9 billion yuan ($9.98 billion), up 51.3 percent year-on-year. Its revenue rose 11.5 percent year on year to 1.3 trillion yuan. The gains came amid higher crude prices, rising natural gas production and stronger fuel margins.


Responding to President Donald Trump, Google says its search is not used to set a political agenda and the results are not biased toward any political ideology. Google said Tuesday that when users search for content, 'our goal is to make sure they receive the most relevant answers in a matter of seconds.'The Mountain View, California-based tech company says it makes 'hundreds of improvements' to its algorithms every year to ensure 'high-quality content' is returned in response to users' queries.


Facebook announced a new program called Express Wi-Fi Certified, which permits selected companies to manufacture Wi-Fi hardware that is compatible with its standards. Arista, Cambium Networks and Ruckus Networks are the first approved firms. Facebook has had several plans to expand internet access across the globe, including a discontinued plan to build drones tied to a project called Aquila. The company was going to use the large devices to beam internet connectivity to the ground. It also has been recruiting mapping experts to analyze data in order to figure out which areas of the world still need the internet.