Media Focus on Multinational Corporations





Ford and Volkswagen (VW) have formed a strategic alliance to jointly develop and manufacture cars, announced the two automobile giants Tuesday, as they expect the cooperation will cut costs and improve efficiency. According to the announcement, Ford will be responsible for manufacturing medium-sized pick-up trucks which will be out in 2022, and large commercial vans for the European market. VW will develop and manufacture multiple-purpose vehicles. (National Business Daily)

The founder and CEO of Huawei Technologies Co has dismissed spying accusations that have vexed the company in its overseas expansion. Ren Zhengfei said Huwei has never spied for the Chinese government and never would, “No law requires any company in China to install mandatory back doors,” Ren said in a rare meeting with foreign media on Tuesday. “I personally would never harm the interest of my customers and me, and my company would not answer to such requests.” (National Business Daily)

Japanese electronics major Sony is said to open theme parks in central and western China's Wuhan and Chengdu as international theme park players such as Disney and Universal have already established their presence in the country. It is noted that this is not Sony's first try. As early as 2000, it opened the world's first and non-profit science and technology center Sony ExploraScience in Beijing with the theme of 'Light and Sound', receiving over millions of visitors. (National Business Daily)

Tencent's Interactive Entertainment Group and Riot Games announced on Thursday the establishment of TJ Sports to promote the development of the esports industry, with registered capitals standing at 530 million yuan (78.4 million U.S. dollars). The latest data of League of Legend Pro (LPL) in 2018 was also released, showing the LPL live broadcasting was viewed more than 15 billion times for the year, an increase of 50 percent over the previous year. The number of individuals watching the 2018 League of Legends World Championship (S8) hit 99.6 million. (National Business Daily)

Microsoft on Thursday launched an incubator centering on artificial intelligence (AI) and virtual reality (VR) in Nanchang, East China's Jiangxi Province. The company said the 'Microsoft Cloud & Mobile Technology Incubation Program -- Nanchang City AI+VR Innovation Center' will serve start-ups and existing manufacturing companies, empowering them with new technologies. (China Daily)

Alibaba Group has closed a 90-million-euro (102.9-million-U.S. dollar) deal to acquire German technology start-up Data Artisans, which offers large-scale data streaming services for enterprises. Kostas Tzoumas, one of the founders of the company, is also the creator of Apache Flink (Flink). Before the new acquisition, Alibaba has been using Flink technology for more than three years. Currently, the system is operating on over 10,000 servers for Alibaba and processing up to 472 million visits per second. (China Daily)


Nike Inc has  officially launched the latest phase of its Nike China Logistics Center in Taicang, a county-level city within Suzhou, Jiangsu province, last Thursday. 'The completion of the CLC's third building marks an important milestone for Nike's development in China. It also demonstrates Nike's great confidence in Taicang's investment climate and China's future economic development,' said Angela Dong, vice-president of Nike. (China Daily)

Suning Holdings Group Ltd announced it will add 80,000 jobs in 2019, mainly in retail, modern supply chain and digital areas to support the real economy. Zhang Jindong, Suning's chairman, said even though many businesses from other sectors confront issues such as operational difficulties, growing labor cost and limited profit space, Suning will deploy more resources to promote the development of sustainable logistics, social employment and staff training this year. (China Daily)

Apple Inc is scheduled to launch its HomePod smart speaker in China on Friday, a move that an analyst said shows the US-based company wants to use smart home appliances to win back some Chinese customers amid plummeting sales of its star iPhones. The wireless speaker, which is already available in countries like the US, UK, Australia, Canada and France, will sell for 2,799 yuan ($413) in the Chinese mainland and HK$2,799 ($356) in Hong Kong in white and space gray. (Global Times)

AliExpress, Chinese e-commerce giant Alibaba's online global retail platform, topped Israel's cross-border shopping websites in 2018, said a report by Israel Postal Company on Tuesday. According to the data, about 65 million packages of cross-border e-commerce were delivered in Israel in 2018, of which around 50 percent were orders from AliExpress.  (Global Times)