Media Focus on Multinational Corporations





Airbus has announced that the company's China Innovation Center in Shenzhen will open in December, as it unveiled its plans at a media briefing on Monday, reports According to Luo Gang, the CEO of the center, their key research areas include on-board hardware, the cabin experience including on board Internet access, smart manufacturing, and urban air traffic management. Some early results of their research are showing positive signs. For example, to improve the cabin experience, Airbus will replace existing screens with flexible screens in order to reduce aircraft weight. This will make the plane more fuel efficient, and therefore less expensive to fly.(China Daily)


JD Daojia, China's leading omnichannel e-commerce platform, and Watsons, the world's largest international health and beauty retailer, have reached a strategic collaboration agreement, and the daily sales of Watsons on the platform is three times higher than that of the first week since being present on JD Daojia two months ago. Watsons currently has 3,400 stores in mainland China, with 1,200 stores in 48 major cities having presence on JD Daojia. (China Daily)


Tencent Holdings Ltd's music arm finally pressed the play button, debuting on the New York Stock Exchange on Wednesday, as part of the tech giant's efforts to diversify its business and seek new growth drivers. Tencent Music Entertainment Group priced its initial public offering at $13 per American depository receipt, and seeks to raise $1.07 billion in total. The IPO values the music subsidiary at around $21.3 billion, a price rivaling world-leading music streaming company Spotify. (China Daily)

China Mobile Communications Corp, the world's largest mobile carrier by subscribers, has submitted a proposal to build a large data center and connecting office in Silicon Valley. China Mobile International Ltd, the company's Hong Kong-based subsidiary, filed an application for a special use permit with the city of San Jose, California, on Oct 3, which currently remains under initial review, according to Cassandra van der Zweep, a San Jose urban planner. (China Daily)

Boeing Company Monday launched the longest-range 777X business jet for VIP clients that can fly more than half of the world without stopovers. Boeing said the latest variant of 777 will have two models: the BBJ 777-8 and BBJ 777-9, and that the BBJ 777-8 offers the longest range of 11,645 nautical miles (21,570 km) with a spacious cabin of about 303 square meters. (National Business Daily)

The legal battle between Apple and its chip supplier, Qualcomm, reached a new level on Monday when Qualcomm announced that it had been granted injunctions against Apple. The Fuzhou Intermediate People's Court in China has granted the chip giant's request for two preliminary injunctions against four Chinese subsidiaries of Apple, ordering them to immediately cease infringing upon two Qualcomm patents through the unlicensed importation, sale and offers for sale in China of the iPhone 6S, iPhone 6S Plus, iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus and iPhone X, according to the announcement of Qualcomm. (National Business Daily)

German carmaker Mercedes-Benz will recall 1,621 automobiles in China over incorrect software coding of the panoramic sunroof, according to China's market regulator. From Dec. 7, the Beijing Benz Automotive Co., Ltd. began recalling 1,501 vehicles manufactured between April 19 and Sep. 7. The recall involves C-Class and GLC SUV models. (National Business Daily)


Global electronics giant Samsung will invest 2.4 billion to build new battery and capacitor plants in northern China's Tianjin, according to local authorities. The investment will be used to expand the power battery lines and set up a multi-layer ceramics capacitors (MLCC) factory for automotive electronics in the city, according to Tianjin Municipal government. (National Business Daily)

Google has been fined in Russia over its failure to remove links to prohibited information from search results as required by Russian law, the country's telecommunications watchdog Roskomnadzor said in a statement Tuesday. 'A minimum fine of 500,000 rubles (7,500 U.S. dollars) has been imposed on Google,' it said in a statement. (Global Times)

The Canadian court on Tuesday granted bail to Huawei chief financial officer Meng Wanzhou, who's been detained in Canada for nearly two weeks for allegedly breaking U.S. sanctions on Iran. Meng, also the daughter of Huawei founder, was taken into custody in Vancouver on December 1 while traveling from Hong Kong to Mexico via Canada at the request of the U.S. government. (Global Times)

Intel Corp said on Wednesday that it has developed a way to stack its computing circuits on top of one another in a bid to regain the lead in chip manufacturing technology that it has lost to rivals like Taiwan Semiconductor Co in recent years.(Global Times)

German carmaker Volkswagen will launch an electric sport utility vehicle (SUV) model at the Shanghai Auto Show in April 2019. The all-new seven-seat model, dubbed internally the ID Lounge, is set to have a range of up to 600 kilometers per charge and to lead the company's push for electric cars and SUVs in China.(Global Times)