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The German Chamber of Commerce in China has more than 2,100 members, including Siemens AG, Mercedes-Benz Group, Covestro AG and Bayer Group.
中国德国商会有2100多个会员,包括西门子股份公司、梅赛德斯-奔驰集团、科思创股份公司和拜耳集团。
Covestro AG will put into operation a new polyurethane dispersions plant in Shanghai in the first quarter of 2024, a senior executive said, as the German chemical products manufacturer eyes surging demand from China's high-end manufacturing industry.
一位高管表示,科思创股份公司将于2024年第一季度在上海投产一家新的聚氨酯分散体工厂,因为这家德国化工产品制造商正关注中国高端制造业激增的需求。
Video: Mercedes-Benz chairman: China is 'home away from home'Opening up markets, taking down trade barriers and making competition free and open for all players are key to moving forward, said Ola Kaellenius, chairman of the board of management of Mercedes-Benz Group AG.
视频:梅赛德斯-奔驰董事长:中国是一个远离家乡的国家。梅赛德斯-奔驰集团董事会主席Ola Kaellenius表示,开放市场、消除贸易壁垒、让竞争自由、向所有参与者开放是前进的关键。
With its mature technology, customized solutions and service packages, LESER not only supplies various safety valve products to domestic companies, such as China National Petroleum Corp and China Petroleum& Chemical Corp, but also to projects operated by multinational corporations like BASF SE and Wacker Chemie AG, across China.
凭借其成熟的技术、定制化的解决方案和服务包,LESER不仅为中国石油天然气集团公司和中国石油化工集团公司等国内公司提供各种安全阀产品,还为巴斯夫公司和瓦克化学股份公司等跨国公司在中国各地运营的项目提供安全阀产品。
Stefan Paul, CEO of global logistics giant Kuehne+Nagel International AG, said the company's commitment to China remains "resolute", which is evident in its most recent investments in two facilities that became operational in Chengdu, Sichuan province, in May.
全球物流巨头Kuehne+Nagel International AG的首席执行官Stefan Paul表示,该公司对中国的承诺仍然“坚定”,这一点在其最近对四川省成都市两个设施的投资中可见一斑,这两个设施于5月投入运营。
Miguel Angel Lopez Borrego, CEO of German industrial giant Thyssenkrupp AG, said that China's huge market and strong global impact inevitably influence multinational companies' decisions on industrial chain layout.
德国工业巨头蒂森克虏伯公司首席执行官米格尔·安赫尔·洛佩斯·博雷戈表示,中国巨大的市场和强大的全球影响力不可避免地会影响跨国公司在产业链布局上的决策。
Multinational life sciences corporation Bayer AG will invest further in China and build bridges for the world to overcome global challenges, a senior executive said, acknowledging the progress that the country has made in innovation.
一位高管表示,跨国生命科学公司拜耳公司将在中国进一步投资,为世界克服全球挑战搭建桥梁,并承认中国在创新方面取得的进展。
Eyeing an innovation uptrend, Bayer Crop Science (BCS), one of the three divisions of Germany-headquartered life science enterprise Bayer AG, will bring more innovative solutions in regenerative agriculture to farmers in China, said its top executive.
拜耳作物科学公司(BCS)首席执行官表示,该公司是总部位于德国的生命科学企业拜耳股份公司的三个部门之一,着眼于创新的上升趋势,将为中国农民带来更多再生农业的创新解决方案。
Its first digital production line of Swire Coca-Cola in China went into operation in Hangzhou, Zhejiang province in 2021 in collaboration with German conglomerate Siemens AG.
其太古可口可乐在中国的第一条数字化生产线于2021年与德国西门子公司合作,在浙江省杭州市投入运营。
German life sciences company Bayer AG is confident about the rapidly developing Chinese pharmaceutical market and will continue to invest and bring more innovative products into the country, the head of its pharmaceuticals division said.
德国生命科学公司拜耳制药部门负责人表示,拜耳公司对快速发展的中国制药市场充满信心,并将继续投资,将更多创新产品带入中国。
Like Big Dutchman, many German companies, including Flender, ZF Friedrichshafen AG, and Leybold, have cooperated well with Tianjin for many years.
与大荷兰人一样,许多德国公司,包括Flender、ZF Friedrichshafen AG和Leybold,多年来与天津合作良好。
Roland Busch, president and chief executive officer of Siemens AG, emphasized the importance of the company's business in China.
西门子股份公司总裁兼首席执行官Roland Busch强调了公司在华业务的重要性。
In the latest development, Henkel AG & Co, a German industrial and consumer goods manufacturer, broke ground on a new adhesives technologies manufacturing facility on Thursday at Yantai Chemical Industry Park in Yantai, Shandong province.
在最新进展中,德国工业和消费品制造商汉高股份有限公司于周四在山东省烟台市烟台化工园区破土动工,建造了一座新的粘合剂技术制造厂。
The German government announced on Wednesday it approved the 24.9 percent shareholding of Hong Kong-listed COSCO Shipping Ports Ltd in Container Terminal Tollerort, so far owned by Hamburger Hafen und Logistik AG, a German container terminal operator.
德国政府周三宣布,批准香港上市的中远海运港口有限公司在集装箱码头Tollerort持有24.9%的股份,该公司目前由德国集装箱码头运营商Hamburger Hafen und Logistik AG所有。
Swiss company inks deal with Boao Lecheng pilot zone for China expansionSwitzerland-based Sonova Holding AG, the biggest hearing care solutions provider globally, said it will continue to expand development in China with the company paying high attention to the Chinese market after the optimization of COVID-19 response measures.
瑞士公司与博鳌乐城中国扩张试点区达成协议总部位于瑞士的Sonova Holding AG是全球最大的听力护理解决方案提供商,该公司表示将继续扩大在中国的发展,在新冠肺炎应对措施优化后,该公司将高度关注中国市场。
The growth and success of BMW in the country has created prosperity in both China and Germany," Oliver Zipse, chairman of BMW AG's board of management, was quoted as saying to media ahead of the auto show, which started on Tuesday and runs through April 27.
宝马在中国的发展和成功为中国和德国带来了繁荣。
Covestro AG will continue to invest and expand in the Chinese market given its "vibrancy, development potential and pace", a senior executive of the German chemical firm said.
这家德国化工公司的一位高管表示,鉴于其“活力、发展潜力和速度”,科思创公司将继续在中国市场投资和扩张。
With China entering a new era of green and innovation-led growth, Covestro AG, a German company that produces a variety of polyurethane and polycarbonate-based raw materials, will put a new polyurethane dispersion plant into operation in its Shanghai integrated site in 2024 to meet the country's soaring demand for water-based industrial products to further cut carbon emissions, said a senior executive.
随着中国进入绿色和创新引领增长的新时代,生产各种聚氨酯和聚碳酸酯原材料的德国科思创公司将于2024年在其上海综合工厂投产一座新的聚氨酯分散装置,以满足中国对水性工业产品的飙升需求,从而进一步减少碳排放,一位高管表示。
For Oliver Blume, chairman of the board of management of Volkswagen AG, his recent business trip to China solidified his optimism.
大众汽车公司(Volkswagen AG)董事会主席奥利弗·布鲁姆(Oliver Blume)最近的中国商务之行坚定了他的乐观情绪。
Volkswagen AG is not the only global heavyweight seeking to further understand the Chinese economy to enable it to grasp its opportunities.
大众汽车并不是唯一一家寻求进一步了解中国经济以抓住机遇的全球重量级汽车公司。
German chipmaker Infineon Technologies AG is ratcheting up resources to tap into the low carbon and digitalization opportunities in China.
德国芯片制造商英飞凌科技股份公司正在加大资源投入,以利用中国的低碳和数字化机遇。
Volkswagen AG's chief executive visited China from late January to early February, the company said, while Apple CEO Tim Cook and Pfizer CEO Albert Bourla are expected to visit next month, people familiar with the matter told the Wall Street Journal.
知情人士告诉《华尔街日报》,大众汽车公司表示,该公司首席执行官于1月底至2月初访问了中国,而苹果首席执行官蒂姆·库克和辉瑞首席执行官阿尔伯特·波拉预计将于下月访问。
Ola Källenius, Mercedes-Benz Group AG's chairman, is also planning a visit to China, the company shared.
梅赛德斯-奔驰集团董事长Ola Källenius也计划访问中国。
LAS VEGAS, the United States -- German auto giant BMW AG would continue to deepen cooperation with its Chinese partners due to China's market and strong innovation capability, said its Chairman of the Board of Management Oliver Zipse.
美国拉斯维加斯——德国汽车巨头宝马公司董事会主席Oliver Zipse表示,由于中国市场和强大的创新能力,宝马公司将继续深化与中国合作伙伴的合作。
Specialty chemical MNC bullish on biz prospects in Chinese marketClariant AG, a Swiss multinational specialty chemicals company, vows to further strengthen its position in China and expand its care chemicals facility in the country, including pharmaceutical, personal care, home care and industrial applications, said top company official.
专业化学品跨国公司看好中国市场的商业前景瑞士跨国专业化学品公司科莱恩股份有限公司(Clariant AG)表示,该公司誓言进一步加强其在中国的地位,并扩大其在华护理化学品设施,包括制药、个人护理、家庭护理和工业应用。
German chipmaker Infineon Technologies AG will amplify their push to tap into the opportunities of low carbon and digitalization in China.
德国芯片制造商英飞凌科技股份公司将加大力度,利用中国的低碳和数字化机遇。
We are optimistic about the Chinese market's medium and long-term prospects," Oliver Zipse, chairman of the Board of Management of BMW AG, told Xinhua in an interview.
我们对中国市场的中长期前景持乐观态度。
Apart from Haleon, during the fifth CIIE, other global healthcare companies including Bayer AG, Takeda Pharmaceutical Co Ltd and Sanofi, showcased their latest efforts in digitalization to optimize outcomes for patients in China.
除Haleon外,在第五届进博会期间,包括Bayer AG、Takeda Pharmaceutical Co Ltd和Sanofi在内的其他全球医疗保健公司展示了他们在数字化方面的最新努力,以优化中国患者的治疗效果。
As an old friend of the just-concluded China International Import Expo, German agricultural and healthcare group Bayer AG said that its business benefits from the expo, which accelerates its momentum to tap into China's vast market and carry out locally inspired innovation breakthroughs.
作为刚刚结束的中国国际进口博览会的老朋友,德国农业和医疗保健集团拜耳公司表示,其业务受益于博览会,这加速了其进军中国广阔市场和进行本土创新突破的势头。
Werner Baumann, chairman of Bayer AG's board of management, said, "As a five-time participant, we are honored to be both a participant and a beneficiary of the CIIE, with faster-than-expected new product launches in the past four years.
拜耳公司董事会主席Werner Baumann表示:“作为五次参与者,我们很荣幸成为CIIE的参与者和受益者,在过去四年中,新产品的推出速度快于预期。
We are optimistic about the Chinese market's medium- and long-term prospects," Oliver Zipse, chairman of the Board of Management of BMW AG, told Xinhua in an interview.
我们对中国市场的中长期前景持乐观态度。
It gives us the opportunity to show our products, so we can better explore China's high-tech industries," said Salvatore Ruggiero, a vice-president of Schott AG, a German producer of specialty glass and a supplier to the pharmaceutical and medical industries.
这让我们有机会展示我们的产品,这样我们就可以更好地探索中国的高科技产业,”德国特种玻璃生产商、制药和医疗行业供应商Schott AG的副总裁Salvatore Ruggiero说。
Bayer AG, an agricultural and pharmaceutical group, featured its largest-ever exhibition at this year's event.
农业和制药集团拜耳公司在今年的活动中举办了有史以来最大的展览。
"The expo helps us quicken our steps in tapping into China's vast market and carrying out locally inspired breakthrough innovation," said Gao Yong, vice-president for China unit at Bayer AG.
拜耳股份公司(Bayer AG)中国部副总裁高勇表示:“世博会有助于我们加快开拓中国广阔市场的步伐,并在当地进行突破性创新。”。
Sinomach has signed contracts with 19 cooperative partners from across the globe, including Japan's Marubeni Techno-Systems Corporation and Germany's Rolls-Royce Power System AG, with purchasing categories covering technology and equipment, bulk commodities, green energy conservation and other manufacturing-related businesses, the Beijing-headquartered State-owned enterprise said in a statement.
这家总部位于北京的国有企业在一份声明中表示,国机已与来自全球的19家合作伙伴签署了合同,其中包括日本丸红技术系统公司和德国罗尔斯·罗伊斯电力系统公司,采购类别涵盖技术和设备、大宗商品、绿色节能和其他制造业相关业务。
In late July, Schaeffler AG inked a cooperation agreement with Taicang High-Tech Development Zone, under which the German rolling element bearings and auto parts provider will build a project for new energy vehicles' key parts and aviation bearings in the zone.
7月下旬,舍弗勒股份公司与太仓高新技术开发区签署了合作协议,根据该协议,德国滚动元件轴承和汽车零部件供应商将在太仓高新区建设一个新能源汽车关键零部件和航空轴承项目。
The German cabinet gave the green light on Wednesday to an investment deal made by Hong Kong-listed COSCO Shipping Ports Ltd for the stake — it is smaller than the initially planned 35 percent stake — in CTT, one of three terminals owned by Hamburger Hafen und Logistik AG or HHLA in Hamburg.
周三,德国内阁为香港上市的中远海运港口有限公司(COSCO Shipping Ports Ltd)在汉堡拥有的三个码头之一CTT的股份(比最初计划的35%的股份要小)的投资协议开了绿灯。
They commented after the German cabinet gave the green light on Wednesday to an investment deal made by Hong Kong-listed COSCO Shipping Ports Ltd for a 24.9 percent stake - less than the initially planned 35 percent stake – in CTT, which is one of three terminals owned by Hamburger Hafen und Logistik AG (HHLA) in Hamburg.
周三,德国内阁批准了香港上市的中远海运港口有限公司(COSCO Shipping Ports Ltd)在汉堡拥有的三个码头之一CTT 24.9%的股份,低于最初计划的35%的股份。
German drug maker Bayer AG supported a public welfare activity in China in an effort to raise social awareness in defects of newborns and improve the overall health of women and children in the country.
德国制药商拜耳公司支持在中国开展的一项公益活动,旨在提高社会对新生儿缺陷的认识,改善中国妇女和儿童的整体健康。
Sonova Holding AG, the world's biggest hearing solutions provider by sales revenue, acquired Hysound Group, a major audiological care clinic chain in China, thereby enlarging its store number and direct consumer access in the country, the company said in a statement.
Sonova Holding AG在一份声明中表示,按销售收入计算,全球最大的听力解决方案提供商收购了中国主要的听力护理连锁诊所Hysound Group,从而扩大了其在中国的门店数量和直接消费者渠道。
The company will further accelerate digital upgrading in its manufacturing facilities and bolster the digitalization of China's beverage industry in collaboration with German conglomerate Siemens AG.
该公司将与德国西门子公司合作,进一步加快其制造设施的数字化升级,并支持中国饮料行业的数字化。
German chipmaker Infineon Technologies AG said on Thursday throughput at its distribution center in Shanghai has returned to 50 percent of its normal level under closed-loop management, as local authorities introduce measures to help businesses resume operations from COVID disruptions.
德国芯片制造商英飞凌技术股份公司周四表示,在闭环管理下,其位于上海的配送中心的吞吐量已恢复到正常水平的50%,因为地方当局采取措施帮助企业从新冠疫情中断中恢复运营。
German chipmaker Infineon Technologies AG said the throughput of its distribution center in Shanghai has returned to 50 percent of its normal level under closed-loop management.
德国芯片制造商英飞凌科技股份公司表示,在闭环管理下,其位于上海的配送中心的吞吐量已恢复到正常水平的50%。
It acquired stakes in around 40 major companies, including Deutsche Bank AG and Hilton Worldwide Holdings Inc. Later, HNA's acquisition spree drew scrutiny from Chinese and foreign regulators.
海航收购了包括德意志银行(Deutsche Bank AG)和希尔顿环球控股股份有限公司(Hilton Worldwide Holdings Inc.)在内的约40家大公司的股份。后来,海航的收购热潮引起了中外监管机构的密切关注。
Switzerland-based Sonova Holding AG, the world's biggest hearing solutions provider, said it has seen stronger-than-average sales growth in China in the past six months, fueled by growing demand of related products in the country, especially since the COVID-19 outbreak, as the booming online interaction has spurred the demand for hearing aid devices and solutions.
瑞士Sonova Holding AG是全球最大的听力解决方案提供商,该公司表示,在过去六个月里,由于中国对相关产品的需求不断增长,尤其是自新冠肺炎爆发以来,在线互动的蓬勃发展刺激了对助听器设备和解决方案的需求,该公司在中国的平均销售额增长强劲。
The Beijing-based group sealed purchase deals with multinationals like Royal Philips NV, Siemens AG,Phelps Dodge Corp and other companies during the event.
这家总部位于北京的集团在活动期间与皇家飞利浦公司、西门子公司、菲尔普斯道奇公司等跨国公司达成了收购协议。
German conglomerate Siemens AG, one of the very first technology companies globally that announced a corporate commitment to carbon neutrality by 2030, launched a "Zero-carbon Pioneer Initiative" in China in September.
德国西门子集团是全球最早宣布到2030年实现碳中和的科技公司之一,于9月在中国启动了“零碳先锋计划”。
"China's carbon goals are of great significance and not easy to achieve, but we believe with firm moves, China will eventually meet its goals," said Xiao Song, global executive vice-president of Siemens AG.
西门子股份公司全球执行副总裁肖松表示:“中国的碳目标意义重大,实现起来并不容易,但我们相信,通过坚定的行动,中国最终会实现其目标。”。
German pharmaceutical giant Bayer AG signed a deal with the Beijing branch of the Chinese Medical Association on a research-based hospital room project to promote the innovative development of Chinese public hospitals.
German tech giant helps State firms in digital upgrades for further biz growth in ChinaSiemens AG, a German technology company, will enhance its ties with China's State-owned enterprises to help push their digital transformation and carbon emissions reductions during the country's 14th Five-Year Plan period (2021-25), a senior executive said.
Matthias Zachert, chairman of the board of management of Lanxess AG, called the event an important milestone in the company's history in China.
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.
The ongoing energy transformation in China and its carbon neutrality pledge present opportunities as well as challenges for multinational corporations like Siemens Energy AG, and the company will continue investing in the country's renewable energy sector to support Beijing's carbon neutrality ambitions, a top company official said.
Siemens Energy AG sees massive opportunities in China in energy infrastructure construction including power transmission and renewable energy, said Bruch, adding that the company will continue to work together with local partners to provide efficient solutions for energy transformation and environmental requirements.
On March 30, 2021, Swire Coca-Cola China and Siemens AG entered into a strategic partnership for digital production.
It also will partner with other technology companies, such as Germany's Siemens AG, to push China's beverage industry into a digital era.
For instance, Dow Chemical Co's merger with DuPont Co and Bayer AG's purchase of Monsanto Co in recent years have put an end to the competition among themselves for market share and financial resources, thus energizing R&D and innovation.
Siemens AG, the German technology company, will put a new digital plant into operation in Nanjing, Jiangsu province, this year and keep investing in manufacturing, software and infrastructure across China during the 14th Five-Year Plan period (2021-25), a top company official said.
The new factory's productivity would increase 20 percent by deploying Industry 4.0 digital technologies along the entire value chain in Nanjing, said Roland Busch, president and CEO of Siemens AG.
German technology company Siemens AG will deploy more resources to seize market share in China's infrastructure, healthcare, urban and interurban transport systems during the country's 14th Five-Year Plan (2021-25) period, said its global head.
By putting innovation and progress front and center, China's five-year plan will take economic and social development to the next level, said Roland Busch, president and CEO of Siemens AG.
Global technology powerhouse Siemens AG kicked off a road show for its smart infrastructure truck in Shenzhen, Guangdong province, on Tuesday, aiming to team up with a number of local industry customers and partners to explore cooperation opportunities to build a new ecosystem of smart infrastructure.
Switzerland-based pharmaceutical company Novartis Pharma AG expects to double its sales in China and submit 50 new drug applications in the country by 2024, it announced in its annual financial report released on Tuesday.
• StarRides is now available in Hangzhou, Guangzhou, Chengdu, Xi'an, Beijing and Shanghai• English version of premium ride-hailing app for international customers in China introduced• Average monthly growth rate of registered users of almost 80 percent underlines robust demandStuttgart/Beijing - The premium ride-hailing provider StarRides, a joint venture of Daimler Mobility AG and Geely Technology Group, is now available in six cities across China.
Daimler Mobility AG, one of the three divisions of Daimler AG, offers financial and mobility solutions.
"Geely Technology Group President Liu Jinliang said: "As the first strategic cooperation project between Geely Technology Group and Daimler Mobility AG, StarRides has ensured win-win cooperation, provided high-quality services, and has set new industry standards among mobility service providers.
With China pursuing more sustainable growth goals for the country's drive toward modernization, Covestro AG, the German manufacturer of high-tech polymers, pledged to deploy more resources and introduce its latest products in this market during the nation's 14th Five-Year Plan period (2021-25), a senior executive said.
Schott AG, the German producer of specialty glass and supplier of pharmaceutical packaging, will ramp up its production capacity in China to meet growing demand, its top executive said on Monday during the ongoing China International Import Expo (CIIE).
Frank Heinricht, CEO and chairman of the management board of Schott AG, announced that the company will invest 320 million euros ($380.32 million) globally in the 2020 financial year, the highest amount in the company's history.
A three-time participant of the expo, Schott AG's booth at this year's expo measures 216 square meters, about twice as large as last year's.
"China is a key focus of Bayer's partnering efforts and we are continuously looking for assets and health technologies to help address the significant unmet medical needs of patients," said Marianne De Backer, PhD, a member of the executive committee and head of Strategy and Business Development & Licensing, Pharmaceuticals Division of Bayer AG.
We will integrate cutting-edge battery systems to create luxury cars with outstanding range, charging speed, safety and sustainability," said Markus Schäfer, member of the board of management of Daimler AG and Mercedes-Benz AG.
World-leading sportswear producer Adidas AG's revenue growth in China last year has declined to 15 percent from 23 percent in the financial year 2018, with recovery seen in its business in the country since the outbreak of novel coronavirus.
Covestro AG, the German manufacturer of high-tech polymers, will expand production capacity and establish new research facilities to further compete with other established rivals.
ChemChina encouraged its overseas companies to participate in the second CIIE in Shanghai, and five of them including Syngenta AG, the Swiss agrochemical and seed producer, Elkem, the Norwegian material manufacturer, and Adama, an Israeli crop protection company, took part and signed agreements with various domestic partners.
ChemChina encouraged its overseas companies to participate in the ongoing second CIIE in Shanghai, and five of them including Syngenta AG, the Swiss agrochemical and seed producer, Elkem, the Norwegian material manufacturer and Adama, an Israeli crop protection company, are taking part and signed agreements with various domestic partners on Wednesday.
To ensure a well-developed global supply chain, Yadea has gathered 677 patents and collaborated with the German conglomerate Siemens AG, Italian designer Stefano Giovannoni, German auto paint maker BASF and the US electric motorcycles maker Lightning Motorcycle Corp, to import mature and developed technologies to build its brand.
In December last year, it became China's first foreign-controlled securities firm after the parent company UBS AG increased its stake to 51 percent.
UBS AG, as a financial services firm, will continue to expand all our three business lines in China - wealth management, investment banking and asset management - by taking advantage of new opening-up policies.
Specifically, UBS AG completed raising its stake from 25 percent to 51 percent in its securities joint venture UBS Securities in December, which made UBS Securities the first foreign-controlled securities firm, with a full license, in China.
Following the latest policy announced by the Chinese government, by next year, UBS AG should be allowed to increase its stake up to 100 percent and is open-minded toward expanding investment in UBS Securities, while appreciating the strategic value of local partners.
German wholesaler Metro AG's decision to sell a majority stake in its Chinese operations to Beijing-based Wumei Technology Group has highlighted the growing challenges faced by international retailers and the rise of domestic retailing companies.
Wenzhong Zhang, founder and chairman of Wumei, said: "We are convinced that Wumei and Dmall are the ideal partners for Metro AG to fully realize the potential of Metro China given our unique combination of retail DNA and digital excellence, our local knowledge and our strong and proven expertise in consolidating and growing multinational brands in China to deliver an enhanced customer proposition.
Metro AG and Wumei Technology Group announced on Friday that they have entered into agreements to form a joint venture to further consolidate Wumei's position as a national retailer and fuel Metro's growth and digital transformation.
In the joint venture, Wumei will hold a 70 percent stake and Metro AG will hold 20 percent.
Metro AG's current minority shareholders in Metro China have agreed to this transaction and intend to sell their entire 10 per cent stake to Wumei.
Upon closing, Metro AG will receive net proceeds of more than €1 billion.
The joint venture will enable Wumei, its technology partner Dmall and Metro AG to leverage their market-leading propositions, and significant wholesale, retail and digital expertise to accelerate Metro China's growth and digital transformation, according to the Beijing-based retailer.
Dr. Wenzhong Zhang, founder and chairman of Wumei, said: "We are convinced that Wumei and Dmall are the ideal partners for Metro AG to fully realize the potential of Metro China given our unique combination of retail DNA and digital excellence, our local knowledge and our strong and proven expertise in consolidating and growing multinational brands in China to deliver an enhanced customer proposition.
Metro AG will appoint two members of the seven-seat board of directors of the joint venture's holding company, maintaining an ongoing role in its governance.
German technology giant Siemens AG will continue to facilitate technological support in the Guangdong-Hong Kong–Macao Greater Bay Area, according to a senior executive of the company.
US search giant Google LLC is facing a new multi-state anti-trust probe by 50 attorneys general (AG), Texas AG Ken Paxton's office said Monday.
"Ola Källenius, chairman of the Board of Management of Daimler AG, said: "We are delighted to see our partners at Geely investing in Volocopter and becoming shareholders, as we have since 2017.
Carrefour follows other foreign retailers' retreat from China's market, such as Tesco Plc and Walmart Inc. Reuters said German wholesaler Metro AG is also looking to sell its Chinese branch.
The company also provides free eye checkups and refractive surgery to female teachers from rural areas under a charity program co-initiated by the Chinese arm of Carl Zeiss AG and Wu Huanling, president of the Academy of Media and Public Affairs under the Communication University of China.
Volkswagen AG and Ford Motor Company announced on Friday their intention to extend their global alliance to advance autonomous driving, electrification and better serve their customers.
Company plans to tap unmet medical needs with innovative NDAs in ChinaSwiss pharmaceutical giant Novartis AG plans to submit applications for 50 innovative drugs focusing on unmet medical needs in China by 2023, riding the wave of streamlined and accelerated new drug approvals in the country.
Siemens Mobility, the transportation unit of German industrial conglomerate Siemens AG, announced on Monday it will provide the fully automated propulsion system solutions for the first phase project of Beijing's mass transit subway line 19.
German retailer Metro AG, which has 93 stores in China, is also looking to sell its unit in China amid a wider company restructuring, according to Reuters.
Qianjiang also has a stake in Daimler AG, the parent company of Mercedes-Benz.
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