Chinese internet giant Baidu Inc is set to gain a big advantage in its race with US tech leaders in the driverless vehicle sector after a local government in Anhui province gave the green light to the setting up of a center to test the vehicles. Baidu, which has great ambition in driverless vehicles, signed a cooperation agreement on Monday with Wuhu municipal government to jointly build a trial operation zone for fully autonomous driving vehicles. A man records an ongoing autonomous driving test by taking a picture with his mobile phone. The trial zone, the first of its kind in China, will allow Baidu to become the only company to test autonomous driving in public transportation in Wuhu.
He added that artificial intelligence will be the core technology of autonomous vehicles and it will change the entire layout of the auto industry. The establishment of the trial zone is seen as an important step for Baidu to meet its goal of "commercializing driverless technology in three years and achieving mass production in five years". The Beijing-based company, which runs China's largest search engine, has placed great emphasis on artificial intelligence and autonomous driving, as it is keen to diversify its business.
Baidu's autonomous car, which successfully completed road tests last December on combined road conditions - city roads, ring roads and highways - can run at a maximum speed of 100 km per hour. Qian Wenying, director of automobile research at Beijing-based consultancy Analysys International, said that the trial zone could provide Baidu a safer place to test its autonomous driving technology in all kind of weather and road conditions.
According to the Wuhu government, road tests of the city's first driverless bus route, about two-kilometers from local carmaker Chery Auto's plant to its research and development center, will start in June. In the pilot period, substitute human drivers will still be needed, but they will not operate the vehicles unless a technical breakdown is reported. Mao, former vice-president of real estate giant China Vanke Co, who left the property company more than a year ago, said that the traditional property market has been growing too rapidly in recent years, with buyers using high financial leverage to cope with skyrocketing house prices. He said the current excessive growth in property stock could undermine the future potential for growth and had led to an increasing overall social cost.
Mao said that compared with the traditional property market, office-sharing businesses were not only providing cheaper rentals, but also handy services to startup companies from Wi-Fi to marketing and even legal firms. The business model of Mao's company is much like the New York-based startup WeWork, which rents office space to entrepreneurs, nongovernment organizations and individuals.
The Beijing-based company leases office buildings and locations from landlords on the outskirts of big cities such as Beijing, Tianjin, Shenzhen and Shanghai, and then redesign it and sublets it to tenants in smaller rental units.
This year, the company - which has raised about $31 million - is on track to lease more than 150,000 square meters with about 15,000 desks in 7 cities across the country. Eighty percent of the office space already has been booked, about half by internet companies and others by financial companies and sometimes even global top 500 companies.
It is also teaming up with Woospace, also a Beijing-based sharing office company, for equity cooperation.
Currently the company's major focus is only in Beijing, aiming for nine or 10 locations in the city. CWT said on Monday that its controlling shareholders, the founders of the group, who own more than 30 percent of the equity, are discussing with the Chinese conglomerate on selling the company's equity. The negotiations between HNA and CWT shareholders have been ongoing for several months, and are now close to a conclusion.
According to Singaporean regulations, if the acquisition of a company reaches more than 30 percent of its equity, it will trigger a mandatory purchase of the entire firm.
Shanghai-listed HNA Group said it is inconvenient to comment now as the project is under negotiation. Shares of HNA Group stayed flat on Monday, and closed at 3.40 yuan (52 cents), following its surging performance last week. The move is part of the ongoing trend of HNA Group acquiring overseas equities to recombine and step up its domestic and global expansion. The deal would add to a string of overseas acquisitions of privately owned HNA Group, whose assets are now valued at more than 600 billion yuan.
HNA recently agreed to buy Swiss airline catering firm Gategroup Holding AG for $1.5 billion in cash. In April, HNA agreed to acquire Minnesota-based Carlson Hotel Group, one of the largest in the world and the owner of the Radisson and Country Inns & Suites chains.
Li Xiaojin, a professor at Civil Aviation University, said: "One of the reasons that the government proposed the Belt and Road Initiative is to find outlets for domestic overcapacity. Officials at the film offshoot of e-commerce giant Alibaba Group said on Monday it was rebranding the unit into "Tao Piaopiao", and that it would now handle ticketing for concerts, sports events and other entertainment events it organizes, as well as provide promotional and distribution services.
Tao Piaopiao, previously known as Taobao Dianying and launched at the end of 2014, already claims a 20 percent share of China's online movie-ticketing market.
Kong Qi, the general manger of Tao Piaopiao - which translates as "hunting for tickets" - said its ultimate goal is to become the country's largest entertainment marketing platform. The expansion plan was met with analyst approval, at a time of fierce competition within China's online movie ticketing sector. He said the current cash-burning practice by many firms of offering subsidies to cinema goers is unsustainable long-term.
Kong said the company's upgraded platform will be able to tailor-make specific movie promotions, based on big-data-led technology. By leveraging Alibaba's huge resources, he said the platform will also provide financing services to cash-thirsty moviemakers. Apple Inc may not need to wait that long before it reaps the benefits of investing $1 billion in Chinese car-hailing service Didi Chuxing.
Didi is targeting an initial public offering in New York next year, according to industry sources. The timing will depend on how its battle with Uber Technologies Inc in China plays out, they said. China's biggest ride-hailing app, Didi is in the process of raising about $3 billion of funding, including Apple's $1 billion contribution, which has swelled it's valuation to about $26 billion, sources have said.
Already backed by Alibaba Group Holding Ltd and Tencent Holdings Ltd, Didi has reached break even in about half of the 400 Chinese cities it operates in as Uber spends heavily to win both drivers and riders. Formally known as Xiaoju Kuaizhi Inc, Didi declined to comment on any potential IPO in an e-mailed statement. Apple Chief Executive Officer Tim Cook posted a picture on his Twitter account, showing him using Didi's taxi hailing service together with Didi President Jean Liu. At Didi's current valuation, a US IPO could be the biggest by a Chinese company since Alibaba's record offering in 2014. The company is among a list of ride-sharing apps including Uber and Lyft Inc that could conduct a public offering.
Didi was created last year when separate apps backed by Tencent and Alibaba merged after brutal competition drove up losses. At a recent Starbucks shareholder meeting in Seattle, Washington state, 11 baristas from Chengdu, 6,300 miles away, performed bian lian, a dramatic, operatic art of Sichuan province. More than 2,800 admiring partners, shareholders, invited guests and Starbucks board members watched in rapt attention as the artists in bright costumes and multiple masks performed, changing from one mask to another in the blink of an eye. A barista from Chengdu, Sichuan, performs bian lian, a 300-year-old, traditional face-changing Sichuan opera dance, in Seattle, US. Their stunning performance took up a major chunk of the entire duration of the event, underlining the significance of the Chinese market to Starbucks. The world's largest coffee chain had a 73.3 percent share of the top-end cafe chain market in China in 2015.
Kevin Johnson, president and chief operating officer of Starbucks, said China is now the company's second-largest market in terms of the number of stores outside of the United States.
Earlier this month, Johnson unveiled Starbucks' plans to extend the Teavana brand into its retail stores in China and Asia Pacific by the end of this year.
Michael Conway, president, global channel development, Starbucks, sees potential for strong growth in the ready-to-drink segment in China. In addition to convenience stores, hypermarkets such as Wal-Mart will offer Starbucks ready-to-drink beverages.
The partnership with Tingyi has enabled Starbucks to make its drinks more relevant to local tastes and make them available in a timely manner.
Besides manufacturing in China, local leadership talents and innovation have powered Starbucks' rapid expansion in the country over the past 17 years. Over the last four years, that approach has led the company to focus on how to strike a balance between being a local company and a global brand.
That is expected to hold Starbucks in good stead as it seeks to exploit the growth opportunity presented by the expected doubling of Chinese middle class to 600 million by 2022, said Culver, who has been working in Asia for nine years. He said when Starbucks cafes opened in China 17 years ago, tourists and expatriates were the main customers. Elizabeth Friend, senior food service analyst of Euromonitor International, said last year and the first quarter of this year have been eventful for global cafe chains.
While regions worldwide will see strong growth, Asia Pacific will likely record the largest sales rise, with over $3.7 billion in new value growth from this year to 2020. As much as $2.2 billion of this growth will come from China alone, where Starbucks is leading the charge for a rapidly growing, Western-style tradition of drinking premium takeaway coffee and socializing in coffee shops, she said.
Friend said coffee players are seized of the growth potential in China, although there has not yet been any significant shift from tea to coffee beverages in this market. At this stage, it is important to identify which products might best meet consumers' tastes and develop the suitable channels to distribute them, she said. For, new consumers are being continually attracted to support the ready-to-drink or RTD coffee and coffee pod machines, they said. Hope Lee, senior analyst of Euromonitor International, said increasingly, coffee beverage players are looking beyond younger consumers and white-collar workers in big cities to expand the market. In terms of channel development, food service sales of RTD coffee are still limited as consumers are habituated to drinking tea and other beverages. However, Euromonitor International's hot drinks database shows that sales of hot coffee have started to take off and outpaced retail sales in volume growth terms. With RTD coffee expected to record a net sales increase of around $1.6 billion for 2015-20, this huge potential has attracted a great deal of investment from major players. In terms of flavor, the most popular one is latte, accounting for over 54 percent of off-trade volume sales in 2015. Freshly brewed coffee at specialist shops is tempting consumers to seek the same pleasure at home.
Paul Bulcke, CEO of Nestle Group, said the company is targeting long-term growth in the country. The company invested 50 million yuan in setting up the Nescafe Coffee Center to promote the development of China's coffee industry. Despite Nestle's dominance, it was You Ji Jia (Shanghai) Food Trading Co Ltd that posted the strongest sales growth in 2015, underpinned by specialty coffee mixes, including instant cappuccino and cafe latte. Instant coffee is, and will continue to be, the mainstay of the coffee market in China through 2020, according to Euromonitor International. Chinese of Miao ethnicity in Guizhou's Taijiang county, in which 97 percent of the 168,000 residents are Miao, concluded the annual event on April 19-23, with tens of thousands of locals donning traditional attire in parades, musicians playing the reed-pipe lusheng, and performancers presenting drum dances. According to folklore, a Miao couple were not given permission to be together by their parents and tribe leaders. The occasion, which reportedly reflects the ancient lives of the Miao people during the transition to patriarchy from matriarchy, drew more than 50,000 tourists this year. Wu Dongxiong, who operates a silverware store on Sisters' Street in the county, said tourists swarmed his store to buy souvenirs. The local government named Wu an "inheritor of intangible cultural heritage" to encourage him to pass on the craftsmanship to the next generation and to attract more young people to the industry.
In the first three months of 2016 alone, Qiandongnan Prefecture, which administers Taijiang, has welcomed more than 14 million tourists, a year-on-year increase of 57.6 percent, according to official statistics. To take Taijiang's tourism to the next level, the local government decided to bring in more investment, with 13 projects worth almost 1.2 billion yuan already inked at this year's event.
The projects will help develop tourism, agriculture and health recovery industry, according to the government. Li Feiyue, Qiandongnan's Party chief, said events like Sisters' Day are not just about boosting economic growth.
Caravans of camels carrying silk, jewels and spices along the Silk Road are long gone, but cargo trains linking Chinese cities with Europe are taking the ancient road into a brand-new future. China now has three rail channels to Europe - a western route through the Alataw Pass in Xinjiang Uygur autonomous region to Kazakhstan, a middle path via Erenhot to Mongolia, and through Manzhouli in the northeast to Russia. Such train networks have flourished since the launch of the Silk Road Economic Belt in 2013 to improve cooperation between countries along the ancient Silk Road. According to the Ministry of Commerce, trade between China and "Belt and Road" countries totaled $995 billion in 2015, about a quarter of the national trade volume. The Changchun-Manzhouli-Europe line has transported cargo worth more than 35 million euros since August, and in return the trains have brought novel, cheap goods like vodka, tiramisu and wild Siberian honey. An increasing number of Chinese tourists are visiting Egypt following President Xi Jinping's recent visit, reviving Egypt's tourism industry.
Tourism in Egypt was dealt a heavy blow following the Russian airplane crash in North Sinai last October, after which several countries, including Britain and Russia, suspended their flights to Egypt. This further augmented the recession in the country's already ailing tourism sector which is a major source of its national income and foreign currency reserves.
However, even before the plane crash, Egypt suffered a sharp decline in tourism due to three years of political turmoil, including two mass uprisings which toppled two presidents, forcing several countries to ban their citizens from visiting Egypt for safety reasons.
Luxor, once an Ancient Egyptian capital, suffered similarly as with Egyptian tourist cities. However, the industry has recently improved as hundreds of Chinese tourists visit the city daily. He added that Chinese tourists also frequent restaurants, coffee shops, bazaars and malls nearly as much as American and European tourists did, though they've recently stopped visiting Luxor.
Egypt, the most populous Arab country, with its rich culture, now pins immense hope on China and is eager to tap into the China's tourism market. During a recent interview with Xinhua, former Egyptian Tourism Minister, Hisham Zaazou, said that Egypt received 35 percent additional tourists from China immediately following president Xi's visit to Egypt. To encourage more tourists to visit the country, Egypt exempted Chinese tourists from visa requirements, allowing for visa-upon-arrival if they are sponsored by a tourist agency and are financially comfortable.
Apparently, these measures as well as Luxor's charm attract Chinese tourists looking for tranquility surrounded by breathtaking ancient ruins scattered throughout the city.


Luxor is home to Tutankhamen's tomb in the Valley of the Kings and its magnificent sunset at the majestic Karnak and Luxor temples are a perfect choice for culture-based tourism.
Helen is visiting Egypt with her family for the first time, but she said it will not be her last. Helen's mother also said visiting Egypt is much cheaper than neighboring countries such as the United Arab Emirates, Lebanon or Jordan, therefore it is more attractive to Chinese tourists. Chinese and Egyptian tourist agencies promote Luxor to Chinese tourists as a great city to visit in Egypt.
Yang said Chinese tourists were very scared to visit Egypt at first due to the country's political and security situation, but they were encouraged following the Chinese president's visit earlier this year. Investors may have to bear with short-term pains of greater volatility in the Chinese stock market as the securities regulator stepped up the effort to rein in the speculative bubble, analysts said. A Chinese investor walks past an electronic display showing prices of shares at a stock brokerage house in Hangzhou city, East China's Zhejiang province, May 9, 2016. Technology companies and startups in segments like online finance, film and television, gaming and virtual reality, as well as the shell companies that fit into the investment theme of overseas-listed Chinese companies seeking to delist abroad and list in China, were among the stocks hit hardest by the top securities regulator's intention to subject suspected speculative trading to greater scrutiny. But the regulator said on Friday that the current policy on refinancing and mergers and acquisitions by listed companies remains the same and it will make an official announcement if there is any adjustment to the rules. The China Securities Regulatory Commission has also been taking a closer look at the listing of the hitherto overseas-listed companies on the A-share market through backdoor listing, also known as reverse merger, a typical practice of taking control of an already listed shell company to avoid the lengthy process of an initial public offering.
Analysts said that other factors that could weigh on the stock market are investors' concerns over the sustainability of the economic rebound in the first quarter and the possible tightening of the monetary policy to rein in credit bubbles and reduce financial leverage. Some economists have scaled back their forecast on credit easing by the People's Bank of China, the Chinese central bank, for the rest of the year after the People's Daily quoted an "authoritative person" as saying that China should avoid using strong stimulus to pump up investment growth in the short term and should not support growth by adding leverage. Jiang Chao, an analyst at Haitong Securities Co, said the absence of massive credit easing could mean that the Chinese economy and the capital market will experience short-term pain.
This suggests they are selling such equities now with the expectation that their prices will likely fall, when they would buy them back at a lower price.
This cautious approach follows the benchmark stock market index's lingering below 3,000 points.
According to data of Heng Tang Wealth Ltd, a financial services information provider, equity funds in China have been stripping their portfolios of A shares. Data released by Royal Flush Information Network Co Ltd showed among the 639 equity funds it monitors, 259 have reported losses by May 11, and 77 reported a zero yield. Many factors have influenced the A-share market sentiment, including some negative forecasts on currency exchange rates, and weakened anticipation of an equity market recovery, following a surge in February that boosted share prices of some growth-oriented companies by as much as 50 percent. The runaway rise left little room for them to grow further, according to a research note from Golden Eagle Fund Management Co Ltd.
According to Wang Zhe, investment researcher with Golden Eagle Fund Management Co Ltd, the economy needs more drivers given the current slowing growth. Despite equity funds' propensity to go short, some sectors in the A-share market are still able to attract some investors.
Among these sectors, electronics, healthcare and pharmaceuticals are supported by the nationwide campaign to accelerate supply-side reforms. For investors of open-ended equity funds, growth opportunities may lie in some sectors that benefitted from a recovery in economic growth in the first quarter, particularly those related to day-to-day consumption, such as food and beverages, said analysts. According to Shanghai-based WIND Information Technology Co Ltd, 14 companies listed in Shanghai and Shenzhen, which have been included in the "Chinese white liquor (baijiu) sector", reported average share price growth of 2.01 percent last week, with the best-performing ones gaining more than 5 percent. Sectors at the top of the cyclical growth pattern, such as pork, dairy and other agricultural products, may also show a great potential for growth.
As many as 16 companies listed in Shanghai and Shenzhen, which have been included in the "pork and meat processing sector", reported average share price growth of 5.03 percent last week, with the best-performing ones gaining more than 10 percent.
A report from Shenzhen-based Bosera Fund Management Co Ltd recommended investors buy shares of white liquor (baijiu) makers. When Rob Bevis launched Roque Fine Wine, an importer and wholesaler of fine wine, in China three years ago, he was told the country's wine market was nearing a tipping point. The government crackdown on corruption had led to curbs on officials' extravagant, taxpayer-funded banquets. So, sales of high-end and expensive imported wines, which were common at lavish banquets, fell in terms of both volume and revenue. What's more, consumers in China have broadened their ken and developed a taste for fine wines. In value terms, 2015 sales reached $1.87 billion, up 37 percent year-on-year, according to data of China Customs. Leading the pack of foreign wines in China are the French varieties, followed by some New World wines, particularly those from Australia, Chile, South Africa and Argentina, which are fast grabbing market shares from popular brands.
Market researchers said Chinese consumers are also buying more and more of relatively expensive wines imported from New Zealand. Wine trade experts said this trend is natural as individual consumers prefer more diversified and differentiated products than corporate clients.
For their part, traders encourage consumers to try as many wine varieties as possible through a wide range of events, education programs, and information-sharing through online and mobile channels.
For instance, Pudao Wines, a subsidiary of Australian retail giant Woolworths Liquor Group, has been establishing wine boutiques in China. Similarly, ASC Fine Wine, one of the largest fine wine importers in China, has been deploying more resources into online retail channels.
ASC Fine Wine adjusts its prices and products to keep them in a range that is attractive to an increasing number of consumers. According to a research note from Winechina.cn, a website that focuses on the wine market in the country, wines produced in China account for some 70 percent of the national market now. Some new Chinese labels, such as Grace Vineyard from Shanxi province, are gaining in popularity among wine lovers in China, and are even exported. But it is the established wine brands such as Chang Yu and Great Wall that still dominate the China market.
Zhou Hongjiang, general manger of Chang Yu, said China's wine market is not a zero-sum game between imported wines and local brands. Zhu Qi, 46, a wine collector in Shanghai, said, "This (coming of age of the wine market in China) is actually very good for wine consumers like me because tasting wines is like touring a place. A saleswoman promotes a bottled French wine to a customer at mall in Yiwu, Zhejiang province. After two years of decline in export volumes to China due to unavailability of wines, Bordeaux's exports to China rebounded recently, after the region adjusted the structure of its supplies.
A girl tastes a 2013 vintage red wine at the Palais de la Bourse in Bordeaux, southeastern France. Exports to China rose to 61 million bottles, or 24 percent of Bordeaux's combined volume, which were worth 280 million euros ($318.53 million), or 15 percent of the region's global export turnover value. Consumers and wine trade experts said they have seen Bordeaux wines' improving image and Bordeaux wine exporters' efforts to better understand China and its consumers, and to adapt Bordeaux's image to China.
Dong Li, a wine importer at Shanghai Junjue Foreign Wines Ltd, said he has received a booklet from a Bordeaux wine trader full of ideas on how to pair Bordeaux wine with Chinese food. One pairing tip suggests matching soft and well-structured dry red wine from Saint-Emilion, Pomerol or Fronsac with fresh pork moon cake. Other tips include having the fruity Bordeaux Superier rose with chili bull frog, and braised pork with Medoc or Graves dry red wine.
CIVB has been researching global consumers' preferences and tolerance to various tastes that Bordeaux wines offer. Faced with competition from the world's emerging brands in China, the Bordeaux wine sector professionals are focusing on their own products to forge ahead, said Thomas Jullien, representative of CIVB's Asia-Pacific operations. Suscinskis said he has ample confidence the affordable wine, considered among the finest of Argentina, will be welcomed by China's seasoned consumers, given its value-for-money proposition. What he is not certain about, however, is which among the aged wines, the ones with higher tannin and the younger ones would sell the most in China. Supplies of the famed wine to China are limited, so only higher-end Chinese consumers may get to savor it.
Achaval Ferrer and some vineyards have been trying to change the notion that Argentina is a source of inexpensive wines with jammy taste. For vineyards, stony, sandy and relatively infertile soil, like the one in Argentina's Mendoza region, is considered better because such conditions encourage vines to grow stronger.
Bodega Achaval Ferrer is not the only Argentine vineyard that is seeking to reach out to Chinese consumers. In recent years, New World wine regions have been increasingly popular among Chinese consumers as they get to know more about the culture and heritage of the countries concerned, such as Chile, Australia, New Zealand and South Africa. Yangtze Optical Fibre and Cable Joint Stock Limited Company, the largest optical fiber cable manufacturer by output in the world, is expanding its global market to regions where telecommunication is underdeveloped. A worker monitors optical fiber equipment at a workshop of Yangtze Optical Fiber and Cable Joint Stock Limited Company.
In January 2015, YOFC signed a cooperation agreement with Indonesia PT Monas Permata Persada to establish a joint-venture optical fiber cable factory in Indonesia. In March 2015, YOFC set up a joint venture in Myanmar with a local optical fiber cable producer. Established in 1988, YOFC is itself a JV by three partners: the China Huaxin Post and Telecommunication Economy Development Center, Wuhan Yangtze Communications Industry Group Company Ltd and Draka Comteq of the Netherlands. YOFC is the largest fiber preform supplier and the second largest optical fiber and cable supplier in the world.
The Africa JV is based in Johannesburg with initial planned production capacity of 1 million kilometers per year. According to Richard Mack, chief analyst of CRU, a London-based consulting firm for global commodity industry pricing, the top three regions in terms of demand for optical fiber cables are Southeast Asia, Africa and Latin America. According to Mack, total demand in the three regions in 2014 was 30 million kilometers, only 20 percent of China's demand in the same year. Mack estimates the annual growth rate in the next five years in the three regions will be more than 10 percent. The optical fiber cable market in China and abroad has great potential for growth, said Zhuang. Since the construction of the Cat Linh-Ha Dong railway project in Hanoi started in 2011, Yu often went on business trips to Vietnam.
From January 2015, Yu then moved to work in Vietnam as project manager of the Cat Linh-Ha Dong railway project, taking charge of the project's quality, progress, external relations, among other responsibilities.
The Cat Linh-Ha Dong urban elevated railway route has a total length of 13.5 km and runs through 12 stations. In other people's eyes, Yu is a "workaholic." He almost takes no rest at the weekends either.
Asked about his work over the past six years, Aaron Hsin, president of Teradata Greater China Area, thought for a moment.
During a recent interview in Beijing, he said he is now leading a 1,000-plus team at the China unit of the international software company that provides big data and analytic data platforms, marketing applications and related services. Hsin received two master's degrees: one in computer sciences from Stanford University and another in information management from the State University of New York.
Working with Microsoft as a senior manager and now at Teradata, he said, gave him opportunities to use his knowledge for China's economic development. He is now a member of the China Big Data Expert Committee and the China Cloud Computing Technology & Industry Alliance under the Chinese Academy of Sciences.
Owing to downward pressure exerted by a feeble global economic growth recovery, Teradata's full-year global revenue for 2015 fell 7 percent to $2.53 billion yuan. He said he saw increasing business opportunities in China for analytical products of cross-industrial sectors. So, the company is studying its customers' plans to develop such products as soon as possible so that the enterprises could innovate, he said.
Tony Baer, a senior analyst with Ovum, a market-leading research and consulting business focused on convergence of IT, telecoms and media markets, said the value of Teradata's products comes from 40 years of experimental experience.
Teradata's analytical products have helped its enterprise customers greatly improve their business, he said. Many Chinese banks used to hire consulting businesses for feasibility studies before opening branches in remote areas.
Before he joined the company, Teradata's customers were mainly from three sectors: communications, financial services, and internet. Along with China's fast-growing e-commerce, Teradata is cooperating with many business-to-customer and business-to-business websites, including eBay Shanghai and a local leading e-commerce company. According to a recent Teradata report, the US now contributes 60 percent of the company's annual revenue, with the remainder coming from other markets.
Data analytical products make up 42 percent, while consulting and other services account for 58 percent of revenue. Hsin has around 30 years of work experience, and is now also a key member of the China Big Data Expert Committee and the China Cloud Computing Technology& Industry Alliance. Temasek Holdings Pte said that its Americas President Boon Sim is leaving as the Singapore state investment firm appointed two new presidents in the latest management shuffle to help it navigate "challenging global times". Spanish telecommunications company Telefonica says its board has unanimously voted in Jose Maria Alvarez-Pallete as chief executive and chairman of the board. Switzerland-based reinsurance giant Swiss Re said its chief executive, Michel Lies, 62, was set to retire after 35 years in the company.
To achieve this, the perfectionist ensures that his restaurants are equipped with temperature-controlled kitchens and his employees adopt a meticulous approach in making the brand's famous buns.
Tong Qihua, the founder of GanQiShi Bao Bao, plans to open his first restaurant in Havard Square in Boston. It may sound like an easy recipe to follow if one uses a weighing scale, but all the chefs at GanQiShi craft every single bun by hand, using muscle memory and a keen sense of touch to meet these standards. Convinced that the perfect bun can only be crafted by hand, Tong himself spent two years learning how to do so before he opened his first restaurant.
In fact, Tong has such a reverence for the art of bun-making that he refers to his employees as craftsmen instead of chefs. Two driverless cars took part in the 2,000-kilometer test between Chongqing and Beijing last month. If the technology is proven to be workable, the local authorities in Wuhu are even considering replacing all of the city's buses and part of its taxi fleet with driverless vehicles in another five years.


Instead of being defined by traditional technologies and performance, automobiles in the future will be defined by software," said Wang Jin, head of Baidu's autonomous driving business unit. It will also help the cars "speed up their learning process", therefore pushing the development of the technology.
Google, which has clocked up 2.4 million kilometers with its self-driving cars, has faced restrictions in its home state of California, and therefore has to keep those test trips very local. Two models of electric cars developed jointly by the two companies will also be ready for road tests soon," said Zhang Dong, deputy secretary-general of the Wuhu municipal government. There is no certainty that the negotiations will result in a definitive transaction, according to the company's announcement. This February, it bought US-listed electronics distributor Ingram Micro Inc for $6 billion. They combine the advantages of the Western market, including international experience and advanced regulations, as well as the advantages of Eastern culture, which makes it easy to cooperate with Chinese companies, Li said. Now the group mainly covers logistics around Southeast Asia, so acquiring the Singaporean company will help HNA expand its global logistics coverage," Li said.
Such a move may put the Chinese app ahead of its US rival in going public, with Uber having said it wants to hold off as long as possible. Eleven dancers, all employees of Star-bucks China, staged the opening performance at the Starbucks meeting of shareholders. It built an emotional connect with its local staff and stakeholders through regular meetings. For, demand for specialist coffee grew consistently, leading to rapid innovation and growing competition among the players.
RTD coffee is not the most suitable complementary beverage for Chinese taste buds, he said. For example, Chinese consumers migrated to mobile phones despite very limited availability of land lines.
They continued their romance regardless and when they met in secret, the girl would give her lover a bowl of glutinous rice, known as Sister's Rice.
Liu said she usually collects handmade embroidery from local women and sells it during Sisters' Day.
A direct freight train linking Wuhan in central China and Lyons in France began running last week. Many cities now have freight trains to European cities including Hamburg, Lyons and Madrid.
In northeast China, where a freight train began running to Europe last year, Russian imports are all the rage. In a Russian store in Changchun, a bottle of vodka costs only 45 yuan ($6.9), while fresh tiramisu costs only 30 yuan. Luxor's 7,000 year-old history attracts Chinese tourists who single out Egypt for its rich history, and they also want to learn more about its local culture," said Yang Lili, a Chinese leader of a tourist group during a tour of Karnak Temple.
The latest regulatory shift could mean that they may face greater correction pressure," said Shen Zhengyang, an analyst at Northeast Securities Co Ltd. That's why, the market reacted so negatively when the regulatory stance changed," Shen said. The situation may persist until the A-share market sentiment improves to signal a recovery.
The latter are going against the general trend as they think some sectors still have great potential for growth, said a research note by Xin Hu Wealth Management Ltd.
For, of the some 160 sectors, they have been among the top 10 sectors that saw the highest growth rate in share price for three consecutive weeks.
The clean-up heralded long-term benefits for the society, but had an immediate adverse impact on wine consumption in the country.
Diners who used to spend 2,000 yuan on a bottle of wine, were spending only 600 yuan," said Bevis. In the last three years, China's wine market has steadily recovered the path to a healthy and sustainable growth. They are in the mood to try more varieties sourced from different wine regions of the world. In volume terms, sales of imported bottled wines in 2015 have rebounded to a three-year high of 395 million liters, up 37 percent year-on-year. Varieties such as Blanc Sauvignon from Marlborough are gaining in popularity, despite their average price being among the highest in imported wines, according to a latest research note by Rabobank, the Netherlands-based provider of food- and agriculture-related financing and research services. It often hosts wine-tasting events and other programs at its China stores to deliver more information to consumers and share stories about growing grapes, which are peppered with details about geographical features of the wine regions and heritage of wineries. Their price points and product portfolios are regularly adjusted to stay competitive in a market that is marked by a growing affinity for imported wines.
They are performing better in lower-tier cities where the distribution system and consumer groups are less impacted by imports than in first-tier cities and coastal cities, the Winechina.cn report said. As the market expands, all players that offer high-quality products can hope to attract more buyers. In China, the same bottle of wine at various retailers may vary greatly, from 100 yuan to 380 yuan. In the next 10 years, we anticipate more diversified consumption among China's consumers on the back of vineyard tourism, wine-related courses at academies and fresh investments," said Farges.
You can tell that the French winemakers have made extremely great efforts to understand Chinese cuisine and Chinese taste buds," said Dong.
The wine and food share many things in common, including saltiness, complexity and structure of tastes.
The research includes a study of Chinese consumers' preference for levels of tannin, acid, sweetness, bitterness, flavor and the age of wine.
He brought bottles of Argentina's world famous Achaval Ferrer wines for tasting, to celebrate their launch in China.
They have been growing the Malbec, a premium purple grape variety used to make red wine, taking advantage of some of the country's geographical features like high altitude, the right type of soil and availability of high-quality water from the Andes mountain range. Other wine makers too are targeting China, which has become one of Argentina's top 10 wine export destinations. In this context, Argentina's wines will likely stand a good chance to gain market share because they are considered affordable quality products, said Mao. When I returned to China, I became a frequent drinker of Argentina's wines," said Yang Peng, a Shanghai-based food importer. YOFC holds a 70 percent stake in the JV, the first of its kind in Indonesia, and YOFC's first JV overseas. Yet, internet use and broadband penetration are relatively low due to the slow development of the country's telecom industry. YOFC will also establish a bonded warehouse in South Africa to sell optical fiber cables imported from its China factories to the rest of Africa. Yet, they have great potential for growth as operators update telecommunication networks to improve their fixed and mobile broadband services. The sixth bureau of China Railway Engineering Corporation is the EPC (engineering, procurement, and construction) contractor of the elevated railway project.
Though the company allows him to have 10 days off for holidays every three months, Yu has rarely returned to China, except for the traditional Lunar New Year festival and business meetings. We had to conduct many inspections so as to bring out the final adjustment of the design," he said. When I talk to my Vietnamese business partners, they are all surprised about my understanding of Vietnam," he said.
He credits that partly to the university education he received in the United States about 30 years ago. Both the degrees have helped him to serve two US software companies - Microsoft and Teradata - well in Beijing for 14 years, he said. On the contrary, I saw greater market demand in the Chinese market for our data warehousing and analytical products," Hsin said. For example, Teradata's market research found products that can monitor both manufacturing and marketing at the same time are needed. The products help customers deal with data management and see business values in these data set in different environments. For example, a leading Chinese telecom operator which is a client of Teradata's analytical products, is providing well-processed data service for a local banking institute to decide where and when it needs to set up new branches in China, said Geoffrey Jiang, GCA regional solutions director of Teradata Information Systems (Beijing) Ltd.
Now, it has built a customer base involving about 12 industrial sectors across the country with new clients coming from many industries including manufacturing, automotive, retail and insurance. Through cooperation with our software development partners, we are expecting to have a formal announcement in this development later this year," Hsin added.
For example, it has been helping a growing number of utilities analyze the vast amount of data produced by their "smart" meters and power grids, which can help increase company efficiency and reduce customer costs, officials said.
He once served as the Microsoft Greater China General Manager of Microsoft Enterprise& Partner Group business before joining Teradata as president of Teradata Greater China Area in 2010. Chia Song Hwee and Dilhan Pillay have been named presidents and the firm will reallocate some functions across groups to strengthen the focus and improve collaboration, it said in a statement. Telefonica SA said in a statement that Alvarez-Pallete replaces Cesar Alierta, who is stepping down after 16 years but will retain a seat on the company's board. Lies would be replaced on July 1 by the 46-year-old head of the company's reinsurance unit, Swiss citizen Christian Mumenthaler. He would then painstakingly train the chefs he hired before having them pass down their skills to the subsequent batch. When it comes to steaming the buns, the restaurants use traditional bamboo steamers instead of high-tech kitchen appliances.
Nestle's Nescafe, a strong category leader, hired Chinese actress Angela baby for TV advertisements, which boosted sales.
Some buy one during their overseas trips while overseas versions of local e-commerce websites sell imported machines. Pod sales are expected to account for over half of fresh ground coffee sales by 2020, suggesting that some consumers may choose to "leapfrog or skip" the standard format and directly trade up to pods. So, Nestle is planning to launch new products to meet local Chinese consumers' needs, such as chocolate milk tea.
Now, with a new train route linking Europe and Wuhan City where his company is based, it takes just two weeks. Booming entertainment and services sectors are a natural result of shifting economic growth patterns, the research note said.
For another, they were not very knowledgeable or well-informed about wines, hence got easily confused by a plethora of brands that had entered the market. Increasing number of consumers buy wines for their own consumption or to share with families and friends. In the past, when wine varieties and sources were limited, I felt like a person who could not travel far. We believe oenophiles will always buy and drink Bordeaux wines again and again," said Jullien.
If each consumer spends 100 yuan on Argentina's wines each year, the market size will be 100 times its current number," said Mao Yufen, a Xi'an-based wine trader with Qin An Wine Trade Co Ltd.
Of the more than 100 countries in these regions, only 12 have their own optical fiber cable manufacturers. Now, with analytical data, the institute needs only two to three weeks before it gets the solution.
Over the past decade, he has engaged in the branch businesses of Sweden, Northern China, Western China, Denmark and Iceland. Chia joined Temasek in 2011, and was previously chief operating officer at Globalfoundries. Pallete joined Telefonica in 1999 and became COO in 2012, after running the company's Latin American and European operations.
The change at the top was announced as the company, the world's second largest re-insurer, jubilantly announced strong results for 2015, as well as a planned new share buyback of up to 1 billion Swiss francs ($1 billion). The fillings in the buns, which can range from sweet paste to meat or vegetables, must be 40 grams. Furthermore, Tong's directive to all of the brand's restaurants is that cooked buns which are not sold within two hours have to be immediately discarded. Starbucks and Ting Hsin (PepsiCo's local distributor and bottler) agreed to jointly produce and distribute RTD coffee.
Some consumers even pair their wines with the films they watch or the music they listen to," said Zhang Meijun, a Suzhou-based imported wine distributor.
It's also likely that the market is still not mature enough and quite segmented," said Zhu.
I can experiment with pairings of different food and wine, which is quite interesting," said Liu Erye, a consumer and a freelance food reviewer in Shanghai.
It could turn out to be one of the most competitive optical fiber cable suppliers on the continent. He is joint head for Singapore as well as the investment group and portfolio management group, according to Temasek's website.
Alvarez-Pallete has been the company's chief operating officer and has worked directly under Alierta since 2012 in a process grooming him for the top job.
Ignorant consumers would buy such high-cost wines assuming they must be good varieties hence expensive.
And Ohrnberg believed Jarvinen would be able to take a leading role in the management of Greater China region. And, conversely, even if good-quality wines carried promotional lower price-tags, consumers would not buy them thinking they must be of poor quality hence cheap, said Bevis.



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