Media Focus on Multinational Corporations[2021.06.07]






Walmart tops the 2021 FORTUNE 500 list

Fortune Magazine on Wednesday released its annual list of the 500 top companies in the United States, and retail giant Walmart ranked first for the ninth consecutive year, followed by Amazon and Apple.

The FORTUNE 500 ranks companies by total revenue in 2020 fiscal year, and this year marks the 67th edition of it.

Walmart generated $559.15 billion revenue last year, up 6.7 percent from a year earlier.


For Merck, China remains a sweet pill

Merck, the German science and technology company, will continue to invest in digital transformation, pharmaceutical innovation and collaboration with local partners in China to maintain robust growth in the coming years, said a senior executive.

China's pursuit in high-quality and high-efficacy medications, and its efforts in alleviating the burden for both patients and the national healthcare system will inject more vitality into the healthcare sector, said Rogier Janssens, managing director and general manager of Healthcare at Merck China.



CNPC to diversify operations for green fuel

China National Petroleum Corp, the country's largest oil and gas producer, said on Thursday that it will further step up its clean energy business layout and diversify its operations to meet the country's growing demand for cleaner fuel.

The State-owned energy giant will continue to expand hydrogen development and other clean energy options. It will come up with more than 660 hydrogen-fueled vehicles for the Beijing 2022 Winter Olympics, providing the clean fuel to vehicles in core areas of the Games, the company said in its Environment Protection Bulletin 2020 released on Thursday.

The company saw its first hydrogen station, as well as the first hydrogen station for the 2022 Winter Olympics, put into operation in March. Located in Chongli, the station is dedicated to securing hydrogen supply for vehicles in Zhangjiakou for the 2022 Winter Olympics, it said.



Coca-Cola launches alcoholic drinks eyeing Gen Z

Global beverage giant Coca-Cola is banking on its newly launched Topo Chico Hard Seltzer to make further inroads into the alcoholic drinks segment in China, especially Gen Z consumers looking for trendier lifestyle, company executives said.



Tech giant's IoT OS offers a competitive alternative

Huawei Technologies Co has made a major breakthrough with the successful launch of its Harmony operating system for smartphones, but still has a long way to go before it can successfully build a strong software ecosystem, experts said.

Their comments came after the Chinese tech giant launched its latest operating system Harmony-OS 2 on Wednesday night for smartphones, tablets and smartwatches.



Trains off assembly line heading for Egypt

The first of 22 electric multiple units, or EMUs, designed for Egypt's urban rail transit system by China's rolling-stock maker CRRC Qingdao Sifang Co, came off the assembly line on Friday in Qingdao, Shandong province.

All the EMUs, each with six cars, are expected to be operating in 2022 in the rail system linking Cairo, the Egyptian capital, with its satellite city, as well as with the country's new administrative capital. It will provide transportation for 5 million local residents.



Sany 2020 excavator sales top world for first time

Chinese construction equipment manufacturer Sany Heavy Industry Co Ltd ranked first in the world in excavator sales in 2020, surpassing peers including Caterpillar Inc from the United States and Japan's Kubota, the company said on Monday.

Xiang Wenbo, president of Sany, said in an interview with China Daily that the company sold 98,705 units of excavators last year, while second-place Caterpillar sold 75,772, citing data from Off-Highway Research, a consultancy specializing in international construction and agricultural equipment markets.


Electricite de France

China's energy transition inspires France's EDF to invest in R&D

Electricite de France said China's energy transition has brought numerous opportunities for the Paris-based utility company in terms of both energy services and the development of renewable energy including wind, solar and nuclear power.

While competition in the Chinese renewable energy market is quite intense, EDF has been stepping up innovation investment to further strengthen its research and development capabilities and serve the needs of growing industries in the country, said Fabrice Fourcade, EDF China chairman and EDF Group vice-president.



Vaporizer maker Relx calls for keeping products away from minors

Chinese electronic vaporizer maker Relx issued an open letter on Tuesday calling for all its employees, dealerships and partners to undertake due responsibilities and obligations during business operations and to not sell products to minors.

The move came right after the freshly revised Law on the Protection of Minors was officially put into implementation on Tuesday, which for the first time in the nation bans e-cigarette sales to minors via national laws.



Veeam looks to expand data backup services to China

Veeam Software, a global backup solutions leader delivering modern data protection, is looking to advance its data protection presence across the world, including China, as the movement of data into clouds and expansion of cloud data management has accelerated amid the COVID-19 pandemic.



Bayer expands health offerings in Chinese market

Having launched varieties of consumer health goods customized for the Chinese market, Bayer Consumer Health China, a unit of German life sciences giant Bayer AG, said it will continue its investment in the country, said a top company official.



AstraZeneca plans to open regional HQ in China

The United Kingdom-based pharmaceutical giant AstraZeneca is stepping up efforts to coordinate its development strategy with China's national agendas.

In response to the Chinese government's call for a higher level of cooperation and innovation for coordinated regional development, the company has decided to launch regional headquarters across the country.



China's Xiaomi opens 1st brick-and-mortar store in Saudi Arabia

China's tech company Xiaomi, known for its smartphones, opened its first Mi-store in Saudi Arabia on Thursday.

The opening of the Mi-store in the Electron Commercial Center of the kingdom's capital Riyadh attracted thousands of customers.