Media Focus on Multinational Corporations





German logistics company Deutsche Post DHL Group on Friday joined hands with e-commerce platform Shopee in Shanghai to offer faster and easier access for sellers from the Chinese mainland and potential consumers in Southeast Asia. The partnership between DHL eCommerce, a division of DHL, and leading Southeast Asian and Taiwan e-commerce platform Shopee, will enable sellers in the mainland to explore the Thai market, with an expansion plan in the pipeline for other Southeast Asian markets. (China Daily)


Tech giant Dell Technologies is betting big on enterprise-level businesses for growth in China amid the country's stronger-than-expected demand of digitalization. With opportunities created by the country's digital economy, Chinese companies are embracing cutting-edge technologies, including cloud computing, to improve their corporate management and production efficiency. (China Daily)


Home appliance giant Midea Group set up a new industrial internet platform and a new brand for artificial intelligence-based home appliances on Friday, as part of the Foshan, Guangdong province-based firm's plans to upgrade its business. The new industrial internet platform will help Midea to become China's first independent industrial internet platform provider, leading the industry with its strong and comprehensive capabilities in manufacturing. (China Daily)


British Petroleum (BP) has started the construction of a new lubricant blending plant in northern China's port city of Tianjin. With an investment of 1.5 billion yuan ($214 million), the project is BP's largest investment on a single lubricant blending plant globally, the company said. (China Daily)


Alibaba Group Holding Ltd announced on Friday investment of 2 billion yuan ($288 million) in Chinese liquor e-commerce retailer 1919 Wines & Spirits Platform, in a move aimed at tapping the lucrative yet unsaturated online-to-offline business of alcoholic drinks. (China Daily)


Chinese telecom giant Huawei plans to begin manufacturing mobile phones in India by next year, Indian media quoted the company's global vice-president Jim Xu as saying on Friday. Huawei already has a presence in India through its sub-brand 'Honor' which is sold through online channels. (China Daily)


Nokia, formerly known as the 'king' of the cell phone market, is racing to regain a stronger foothold in China with the release of the X7, which starts at 1,699 yuan (245.9 U.S. dollars). Nokia's cell phone business is seen well on its way to recovery after being taken over by HMD Global, a Finland-based company jointly established by former Nokia executives and contract manufacturer Foxconn. (National Business Daily)


China's search engine giant Baidu Inc has become the first Chinese member of the U.S.-led alliance on artificial intelligence (AI), the Partnership on AI (PAI), which is committed to addressing the challenges and impacts of artificial intelligence. The U.S. supergroup on PAI development said in a statement Tuesday that Baidu has in recent years involved into a diverse technology conglomerate, with ventures in autonomous driving, smart assistants and AI platform services. (National Business Daily)


Loop Industries, Inc., a leading technology innovator in sustainable plastic, and PepsiCo, Inc. announced on October 9 that they have entered into a multi-year supply agreement that will enable PepsiCo to purchase production capacity from Loop's joint venture facility in the US, and incorporate Loop PET plastic, which is 100 percent recycled material, into its product packaging by early 2020. (Global Times)


US tech giant Microsoft on Saturday signed a Memorandum of Understanding (MoU) to locate its incubator project centering on virtual reality (VR) and mixed reality (MR) in Nanchang, east China's Jiangxi Province. The MoU was signed between Microsoft China and the government of the city's Honggutan New District on the sidelines of the 2018 World Conference on VR Industry being held in Nanchang. (Global Times)