Media Perspective
  • HungryPanda, the leading Asian food delivery company, partners with Caocao Mobility Paris to provide the airport transfer service with a comfortable and safe experience. Through the airport transfer service, HungryPanda aims to provide a one-stop service for overseas Chinese, from transport to food delivery. The exclusive partnership is also a whole new attempt for HungryPanda to expand with more business models.

    ——HungryPanda Partners with Caocao Mobility to Launch Airport Transfer Service, PRNewswire

    Comment:

    As outstanding representatives of Chinese companies taking root in the European market, HungryPanda and Caocao Travel both have a sound layout in terms of intellectual property protection, combing a good brand image, and being able to jointly expand the market.

  • The share of the Chinese currency the renminbi (RMB) in cross-border payments hit a record high in 2020 and continued to gain steam, according to a report on the internationalization of the RMB published by the China Banking Association. The cross-border use of the RMB surged 44.3% year on year to 28.38 trillion yuan last year, of which cross-border receipts reached 14.1 trillion yuan and payments came in at 14.28 trillion yuan, according to the report.

    ——Yuan's popularity for global payments hits Five-Year high, by Bloomberg

    Comment:

    RMB cross-border settlement can improve the efficiency of transactions, so that companies can focus on operations and research and development. This will also help companies generate more IPRs and innovations findings, which is of great significance to the promotion of Chinese companies' internationalization concepts.

  • Electric vehicle sales in China surged in July as drivers flocked to local auto brands in the world's largest car market, Wholesale deliveries of new energy vehicles — including battery-powered, plug-in hybrid and hydrogen fuel-cell cars — jumped 164 per cent year on year last month to 271,000 units, the China Association of Automobile Manufacturers (CAAM) said on Wednesday.

    ——Electric vehicle sales surge in China as Tesla demand tumbles, by Financial Times

    Comment:

    In recent years, as the innovative power of Chinese domestic brands of electric vehicles has continued to increase, more and more Chinese consumers have chosen Chinese self-owned brand electric vehicles as their first choice. For Chinese automakers, facing an increasingly competitive market, they can remain invincible only by building their brand foundation and catering to consumers' needs.

  • Chinese internet giant Baidu unveiled its second-generation artificial intelligence chip, its first "robocar" and a rebranded driverless taxi app, underscoring how these new areas of technology are key to the company's future growth. The firm has focused on diversifying its business beyond advertising in the face of rising competition in the last few years.

    ——China's Baidu launches second chip and a 'robocar' as it sets up future in AI and autonomous driving, CNBC

    Comment:

    Products including AI chips reflect Baidu's core technological fruits, showing its research power in AI fields. As of date, Baidu's outstanding performances in emerging technology fields including autonomous driving and AI benefit from its related technological innovation and patent portfolio planning.

  • The National Natural Science Foundation of China has outlined a five-year project for researchers to study the assembly of ultra-large spacecraft. Preliminary research is to include studying the challenges of developing lightweight structures and on-orbit assembly and control. The project would have practical applications for potential megaprojects including colossal space-based solar power stations.The project would focus on minimizing the weight of the spacecraft to reduce the number of launches and construction.

    ——China researching challenges of kilometer-scale ultra-large spacecraft, SpaceNews

    Comment:

    The ultra-large spacecraft is difficult to construct but with broad application prospects. Putting the research of ultra-large spacecraft on the list of major project guidelines during the 14th Five-Year Plan period significantly showcases China's increasing investments in aerospace science and technology and advanced deployment of its aerospace industry in recent years, which helps to accelerate the building of an aerospace power.