Media Focus on Multinational Corporations





Amazon Web Services (AWS) is intensifying its efforts supporting Chinese enterprises digitize their operations and will continue to introduce new technologies in cloud infrastructure. The company aims to maintain its leadership in stability, reliability, security and resource 

efficiency through its advanced architecture design. (China Daily)

Nissan Motor Co Ltd  warned on Wednesday that first-quarter profit tumbled around 90% percent, a day before it is expected to announce more than 10,000 job cuts as the crisis deepens at Japan’s second-largest automaker. The dismal earnings, due to be formally announced on Thursday, mark one of Nissan’s worst quarterly performances in around a decade. (China Daily)

PepsiCo Inc announced that it will invest $131 million to acquire 26 percent of the issued ordinary shares of Natural Food International Holding Ltd, China's second-largest natural health food company with a focus on grain-based powder. PepsiCo will acquire the stake from minority shareholders of the HK-listed company and will become the second-largest shareholder behind Natural Food's founders who own 42 percent of the company. (China Daily) 

China National Petroleum Corp has pledged to come up with more than 100 million metric tons of equivalent equity production of oil and gas from abroad by 2020, especially in markets in Central Asia, Russia, the Middle East and Africa. The overseas equivalent equity production of oil and gas will be equal to that of domestic production by that time. (National Business Daily)

Boeing announced that it is on track to redeliver 17 737-800 Boeing Converted Freighters (BCFs) in 2019, with five conversion lines in operation. The company is also exploring the possibility of adding more capacity in China. This year's expected output will more than double the eight 737-800BCF redeliveries the company recorded in 2018. (National Business Daily)


Qualcomm Wireless Communications Technologies (China) and Tencent Games have signed an MoU on a series of 'comprehensive collaborations' in digital entertainment. The cooperation will include the development of mobile gaming devices based on Qualcomm's Snapdragon chipsets, and the use of AR/VR, 5G and other relevant technologies, according to the statement. (National Business Daily)


Samsung Electronics  saw its operating profit halve in the second quarter on the continued slump in semiconductor and smartphone businesses. Operating profit was 6.6 trillion won (5.6 billion U.S. dollars) in the April-June quarter, down 55.6 percent from the same period of last year. It was slightly up from the preliminary reading of 6.5 trillion won (5.5 billion U.S. dollars) announced earlier this month. (Global Times)

Operations at United Airlines will be impacted by the Boeing 737 Max grounding throughout 2020, as the carrier  prepares for delivery delays and executives continue to express uncertainty over when the beleaguered fleet will obtain federal clearance to return to flight. (Global Times)

The wholesale retailer Costco launched its digital membership card this week, according to an Instagram post on Thursday. Now members won’t have to fumble through their wallets to find their physical card at the door or checkout line. Instead, all they need is a smartphone and the Costco app. (Global Times)

Alibaba Cloud accelerated the digital transformation of Malaysian financial services with the signing of a Memorandum of Understanding (MoU) with Malaysia's Bank Muamalat on Tuesday. Speaking at the Alibaba Cloud Summit here, the bank's Chief Technology Officer Abdul Razak Mohamed Ismail said the agreement would give the bank better access to financial services using technology and meet the industry's security and compliance challenges. (Global Times)