Media Focus on Multinational Corporations





As high as 60.3% of payments made via Alibaba's T-mall and Taobao during the recent Singles Day shopping frenzy were verified by users scanning their fingerprints or faces instead of entering passwords, according to the e-commerce giant. Bio-payments are gradually replacing passwords to become the primary means of payment in future.(China Daily)


Bank of China Ltd forecast that gross domestic product in China will grow by 6.5 percent in 2019, 0.1 percentage point lower than the estimated full-year GDP growth this year. (China Daily)


BEIJING - Hua Ou Aviation Centre in Beijing has become Airbus' second training hub for aircraft structure maintenance besides its headquarters in Toulouse, said Airbus China Friday. Airbus is committed to further strengthening its aviation service capacities in China, targeting to serve the country's increasing demand of professionals alongside the growing aviation market, said Airbus China. (China Daily)

Google will charge Android manufacturers for including Google apps on their devices that will be sold in Europe and be activated on or after February 1st, 2019.The move came as the tech giant strives to counter European Commission's move to deny Google the market monopoly in the mobile software field. (National Business Daily)


German auto manufacturer BMW has won a ride-hailing license in Chengdu, southwest China's Sichuan, becoming the first foreign automaker that is approved of ride-hailing service offering in China, Reuters reported. The service is to be provided by 200 BMW 5 Series vehicles including fuel and plug-in hybrid models with 200 drivers for each car. (National Business Daily)

Tesla Inc is slashing the prices of its models in China by up to a quarter in an effort to boost sales in the world's largest new energy vehicle market.The manufacturer of electric cars said on Thursday it is cutting the prices of its Model S sedan and the Model X SUV in China by 12 percent to 26 percent. The cheaper Model 3's prices in China, which were also released on Thursday, are now 14 percent lower than the previous pre-order prices. (National Business Daily)


China's e-commerce giant on Thursday launched its first robot courier station in Changsha, capital of central China's Hunan Province. The delivery station covering 600 square meters has a team of 20 robot couriers, serving customers within a range of 5 km from the station. Liu Qiangdong, director of JD's autopilot center, said the robots can handle 2,000 deliveries a day. (National Business Daily)

French car brands such as Dongfeng Peugeot, Dongfeng Renault and DS under CAPSA presented exceptionally stylish product shows at The 16th Guangzhou International Automobile Exhibition held last week, but failed to attract much attention from audiences and media.French passenger cars are having a hard time in China with overall market share down from 1.84 percent last year to 1.4 percent in the first ten months of this year, according to statistics released by the China Association of Automobile Manufacturers. Specifically, sales of Dongfeng Peugeot, Dongfeng Renault and DS models fell 22.6 percent, 21.08 percent and 42.25 percent in the January-October period, data from the China Passenger Cars Association shows. (National Business Daily)

Politicians in the United States and Canada have denounced automaker General Motors' announcement Monday that it would cut more than 14,000 jobs and shut down factories in North America and beyond in 2019, a transformation the company said would be profitable. GM said in a press release that five of its assembly and propulsion plants in the United States and Canada would be 'unallocated' in 2019. It also plans to lay off 15 percent of its salaried workers, which would trim down the number of its executive ranks by 25 percent. (Global Times)

US top e-commerce leader Amazon Tuesday announced the launch of 12 satellite ground stations to retrieve and process data from satellites orbiting in the space. Amazon said its Amazon Web Services (AWS) Ground Station unit is going to build a network of 12 satellite facilities around the world by mid-2019 to process data uploading or downloading from satellites.  (Global Times)

The New Zealand government's rejection of the telecom industry's request in the country to use Huawei 5G technology indicates Wellington is taking steps to stand against Chinese firms on the heels of similar moves by Australia and the US, which will only hurt its own industry and consumers, an analyst said. New Zealand authorities instructed a local telecom operator on Wednesday not to use Huawei 5G technology, citing national security reasons. (Global Times)

Internet company Tencent Holdings teamed up with Japanese messaging app Line to tap into the Japanese online payment market, Tencent said in a statement sent to the Global Times on Tuesday. The tie-up will allow Japanese brick-and-mortar merchants with a Line Pay terminal to process WeChat Pay, which will facilitate payments by Chinese tourists to Japan, the statement said. (Global Times)