Media Focus on Multinational Corporations





US electric car producer Tesla Inc has acquired a site in Shanghai for a factory only three months after signing a deal with city authorities, the company said.  The move is a clear indication that China is opening its market to all foreign companies if they can offer great products needed by the country, analysts said. The land was apparently sold for 973 million yuan ($140.5 million), as last shown in a land transaction website. (China Daily)


China's on-demand logistics e-commerce platform, Dada-JD Daojia, announced on Wednesday a strategic collaboration with French retail giant Carrefour. A total of 200 Carrefour stores will be opened on JD Daojia by the end of this year, with 158 stores in 31 major cities already having joined last month. According to Dada-JD Daojia, Carrefour displays about 4,000 items on the platform, including fresh fruit and vegetables.(Global Times)


In a meeting with Shanghai Party Secretary Li Qiang, Cook said the US tech heavyweight will invest more in Shanghai and actively seek to expand cooperation, according to a report by Shanghai media. During his trip, Cook visited a number of local mobile app developers and users who are using Apple products. (China Daily)


Internet search giant Baidu Inc said on Saturday it has strategically invested in NetEase Cloud Music, one of China's major music live streaming services, and the two partners will carry out deep cooperation in content, traffic flow and copyright. According to Baidu, the high-quality content of NetEase Cloud Music will reach hundreds of millions of users by virtue of Baidu's app, information flow and video platform. (China Daily)


Alibaba Group Holding Ltd announced on Friday the consolidation of two of its food review and delivery-related businesses, intensifying a battle with Tencent Holdings Ltd-backed rival Meituan-Dianping for dominance of the Chinese market. (China Daily)


The Walmart Food Safety Collaboration Center (WFSCC) and its partner Zhongguancun Innoway held the Walmart Food Safety Innovation Pipeline Round 2 Finalist Review Event at InnoPlanet in Beijing. (China Daily)


Amid the huge growth in online shopping in the country, the commercial property arm of Dalian Wanda Group says it is betting big on new retail, and aims to have 300 plazas by 2019. Wanda Commercial Management Group disclosed in an annual convention, which ended on Friday, that it will expand its current 285 Wanda Plazas to 300 as of August next year. (China Daily)


Sportswear giant Nike Inc's newly opened first global flagship store in Shanghai aims to attract digital-savvy younger Chinese consumers with its digital integration, innovations and personalized services. The cross-category store, located at Nanjing East Road in downtown Shanghai, dubbed the 'House of Innovation', is a four-story, 3,822-square-meter store. (China Daily)


General Motors Co envisions a world free of emissions, crashes and congestion with its electric vehicles, autonomous driving and V2X technology. In its largest market of China, the US automaker said it is charging ahead on the path toward that vision, starting with its electrification efforts. (National Business Daily)


Microsoft Corp unveiled its most powerful Surface personal computing product series in China on Monday with a tailor-made new color option for local customers, as the US tech giant seeks to increase its popularity among female users. Panos Panay, chief product officer at Microsoft, said China is now the second-largest market for Surface after the United States, with 'super strong double digit growth' seen here last year. (National Business Daily)