China's IP in Foreign Eyes

  • Huawei put uncertainty over the future of its devices business to one side on Tuesday with the launch of new Honor smartphones, in a confident display of the Chinese firm's technology. George Zhao, president of Huawei's youth -focused brand honor, told hundreds of reporters, bloggers and analysts that he was "really happy to see so many friends". "We will talk and communicate with the world using our products, technology and innovation," he added, as he showed off the Honor 20 Pro, which features four rear cameras, including wide-angle and telephoto, and a 48-megapixel main camera.

    ——Huawei puts Honor above android at new smartphone launch, Reuters


    Innovation is an important basis for enhancing core competitiveness in an enterprise's development. Huawei’s innovative ideas are of significance for the company to participate in market competition.

  • "You no longer need to worry about making the pandas angry by calling them by the wrong name," the Chengdu Research Base of Giant Panda Breeding wrote on Weibo, the Chinese version of Twitter, as it announced its new "giant panda facial recognition" app. Visitors to the panda base in the Sichuan capital of Chengdu, one of China's top tourist attractions, will be able to scan the panda's face with the mobile app to get information about each individual bear.

    ——China Has A New Facial Recognition App — This Time for Pandas, The Washington Post


    With emerging need of market in China, big data and AI have been applied in vast industrial fields to help gather more precise and well-rounded data,and this would promote further application and upgrading for the technology in turn.

  • Shares closed Friday afternoon up at $20.38 per share, giving the stock a market value of $5.6 billion.Luckin is trying to overtake Starbucks as the biggest coffee chain in China. Since it was founded less than two years ago, it has opened 2,370 stores and plans to add 2,500 this year alone. Roughly 90% of its stores are smaller format shops designed for easy pickup and proximity to its customers, in contrast to Starbucks' larger and more homey cafes. 

    ——Luckin Coffee surges as much as 50% in its market debut,CNBC


    Luckin has tried its best to attract new customers as well as investors for simple shop design, location and accurate branding especially in the face of new opportunity of the Chinese market.

  • Alibaba, the Chinese ecommerce group, is overhauling the business model of a fast-growing subsidiary in a bid to offer a full international service able to challenge Amazon, the world's largest online retailer. Trudy Dai, president of Alibaba's wholesale marketplaces division, told the Financial Times that AliExpress- an ecommerce business that sells goods from Chinese retailers to customers in more than 150 countries- is making changes to enable retailers from other countries to also sell products on its platform around the world.

    ——Alibaba steps up competition with Amazon in global ecommerce market, Financial Times


    In a bid to share the global market, Alibaba, one of China's E-commerce giants, has been launching new products and new service to meet customers' need. Its innovative spirit is of importance to develop the international market.

  • China's Huawei Technologies launched on Monday what it said was the world's first 5G communications hardware for the automotive industry, in a sign of its growing ambitions to become a key supplier to the sector for self-driving technology. Huawei said in a statement that the so-called MH5000 module is based on the Balong 5000 5G chip which it launched in January. "Based on this chip, Huawei has developed the world's first 5G car module with high speed and high quality," it said. It launched the module at the Shanghai Autoshow, which began last week and runs until Thursday.

    ——Huawei says launches 'world's first' 5G communications hardware for autos, Reuters


    Huawei has been devoted to developing new technologies with self-owned IPRs in the fierce market competition. Huawei's innovative ideas and awareness of IP protection make it a leading explorer in the field of 5G communications.

  • Even without selling phones in the U.S., Chinese tech titan Huawei is well on its way to becoming the world's largest smartphone maker. Huawei has now cemented itself as the world's second-largest smartphone maker, bumping Apple to third place, according to IDC's latest smartphone shipment report. Huawei's next challenge is to topple Samsung. Huawei reportedly shipped 59.91 million smartphones in the first quarter of the year, an increase of 50.3 percent year-over-year.

    ——There's no stopping Huawei's smartphone growth, MashableAsia


    As a Chinese smartphone maker, Huawei has its own ways to show power in design and new innovation. Additionally, Huawei's high-end phones have helped create more brand allegiance for its other many devices.

  • Marriott is counting on innovation in China to help beat off competitors. Last summer, two of its hotels debuted facial recognition technology, allowing guests to check-in within 60 seconds using software from a joint venture with China's intemet company. The technology is still in the pilot stage, but Marriott hopes eventually to roll it out globally.

    ——Marriott's big bet on Asia: 300 new hotels, butlers on WeChat and 60-second check-in,CNN


    China, Marriott's top international market and the world's biggest source of outbound tourists, will get more than half of its new hotels in the region. To win more Chinese customers, the company has been adding new services that appeal to them directly, and guests can enjoy the convenience from the new technology and innovation.

  • Dancing in the public is now a daily routine for hundreds of millions of female retirees in China, a phenomenon that's fueling an emerging market, and Tangdou is one of the players who got in early. Founded four years ago, Tangdou began by offering video tutorials that teach grannies and aunties how to dance but has over time morphed into a one-stop app fulfilling news reading, networking and other needs for its senior users.

    ——Tencent's latest investment is an app that teaches grannies in China to dance, by TechCrunch


    The area of App in square dancing is new blue sea. Before launching a new App, the company needs to protect the intellectual property of names, contents and technology in time in order to avoid the disputes.

  • Liu Zixing craned his neck forward for help with fastening the goggles for his first ever taste of virtual reality. He took a break from the mining ore business to travel to a VR theme park in Nanchang. "It feels like reality," Liu said after shooting down robots in a virtual fighter jet, strapped to a spinning gyroscope lit in purple. "It's just like you're riding in a plane." Since the main commercial market for VR is entertainment, many of China's VR content makers are game developers in Shenzhen or Beijing.

    ——Far from glitzy tech hubs, Chinese city bets big on VR, by The Associated Press


    While vigorously promoting VR technology, VR content manufacturers should not ignore the important role of IPRs, protect their own innovative achievements through IPRs, while respecting others' innovative achievements.

  • Chinese coffee start-up Luckin has raised $150m from investors including US asset manager BlackRock in a funding round which values the company at $2.9bn, as it pushes to overtake Starbucks by number of outlets in China. A private equity fund managed by BlackRock led the funding with $125 million, Luckin said. The company said last year it plans to open 200 to 300 outlets a month, putting it on track to overtake Starbucks, which has over 3,300 locations in China, by the end of this year.

    ——China's Luckin Coffee Raises $150m in Push to Ovetake Starbucks, Financial Times


    In order to build a distinctive brand in coffee market, Luckin has been committed to creating new marketing patterns and experiences. The innovative business ideas of Luckin are of significance to reshape coffee culture in China and attract many young customers as well.

  • Nintendo Co. Shares Jumped after China's Tencent Holdings Ltd. Won approval to distribute one of the company's games for its Switch console, a sign the Japanese company may benefit from growth in the world's largest games market. Tencent recieved approval for the test version of New Super Mario Bros. U Deluxe for the handheld device, according to a notice on the website of China's Guangdong provincial culture and tourism department.

    ——Nintendo Soars as Tencent Wins Switch Game Approval in China, Bloomberg


    In a bid to meet more users' game demand, Tencent has been devoted to developing new technologies as a gaming giant in China. Tencent's innovative ideas and its emphasis on game copyrights protection are important for the company to participate in international market.

  • Baidu, China's version of Google, has invested heavily in autonomous driving technology as the internet giant looks to generate revenue in new ventures outside of its core Internet search business. It plans to unveil the new service within months in Changsha, a city with a population of more than 7m people in Hunan province in southern China, according to local reports which cited Baidu chief executive Robin Li.

    ——Baidu Aims for Commercial Launch of Robotaxis by End of the Year, The Telegraph


    In a bid to seek better opportunities, Baidu has been committed to developing some advanced technologies including core search engine. Due to the technical innovation and the strong awareness of intellectual property protection, Baidu plays a leading role in the same industry.

  • Billionaire Jack Ma's Ant Financial has done more than perhaps any company to disrupt China's gargantuan banking and asset-management industries. Ant's Xiang Hu Bao, which means mutual protection, has attracted 50 million people since its October inception, or more than five times the population of New York City. Ant said Thursday it hopes to sign up 300 million Xiang Hu Bao users within two years, which would represent more than 20 percent of China's population. Ant, best known for the Paypal-like Alipay service that underpins Alibaba Group Holding Ltd.'s online shopping platform, is redesigning financial products from money market funds to consumer credit that have long been dominated by state-owned Chinese behemonths. 

    ——Millions Rush to Join a Wild New Health Plan From Jack Ma's Ant, Bloomberg


    Ant Financial has been devoted to designing and developing financial products with self-reliant IPRs as an internet financial services company. Its innovative business ideas have brought new product services and positive user experience for the customers.

  • One of China's most valuable startups, which uses pop music for its flagship video app, could soon be in a tight spot as its licensing deals with music companies start expiring later this month, according to people with knowledge of the talks. Bytedance Ltd.'s TikTok and Douyin apps allow users to add snippets of music to their own videos—a process that depends on licenses from the three major music companies that collectively control about 80% of music globally.

    ——Music Deals for Bytedance's TikTok and Douyin Are Close to Expiring, the Wall Street Journal


    Many startups in China did not recognize the importance of copyright and other IPRs, which would affect the development of those companies directly. Chinese startups should pay more attention to IP to avoid risk in development.

  • Although inventors in the United States filed more applications than in any other country, China looks set to take the top place this year or next, after a meteoric rise over the past quarter century. China had introduced an equivalent of the U.S. Bayh-Dole Act, ensuring that patents taken out on government-sponsored research were being used, which may have had an influence on Chinese universities' attitude towards commercialising their research.

    ——Huawei leads Asian domination of U.N. patent applications in 2018,Reuters


    Chinese universities are benefited from the extremely strong emphasis on patents utilization and commercialisation driven by the government, playing a critical role in pushing China from the world's second largest country of patent applications to a real IP powerful house.

  • Mercedes-Benz owner Daimler is nearing a deal to sell a 50 per cent stake in its small-car brand to China's Geely. The sale of the stake in its Smart division will be confirmed before the Shanghai Auto Show in April, said one of the people. The move by Geely, which became Daimler's largest shareholder last year, may be to help out the German group as it struggles to carry the loss making Smart brand.

    ——China's Geely set to buy half of Daimler's Smart unit, by Financial Times


    Geely represents one of the Chinese enterprises "venturing out" successfully. As a domestic and independent automobile brand, Geely attaches great importance to IPRs, and escorts a series of overseas mergers and acquisitions with solid IP work.

  • The Shenzhen Metro is looking to transform one of its busiest subway stations by combining 5G technology and artificial intelligence. Once a person scans his/her face at the gate, the image would be matched to the personal information registered in the operator's database and allow the passenger to go through.

    ——China's futuristic AI subway station: Passengers will be able to pay by scanning their faces at the turnstile, by DailyMail


    As an important part of AI, face recognition is coming into all walks of life and changing our life. For enterprises, face recognition technology with independent IPRs will play a key role in their participation in international competition.

  • Such large-scale scientific ventures have become common in China over the past decade, forming key elements of the government's plan to transform the country into a high-tech economy that can match, and eventually surpass, the world's leading scientific nations. According to data from the Web of Science, the number of papers on the topic more than tripled between 2006 and 2017, to around 40,000 in materials science.

    ——Materials science is helping to transform China into a high-tech economy, by Nature


    Material science is an important factor to measure the development of science and technology and the power of the country. While publishing scientific research achievements in the field of material science, Chinese scientific researchers should actively promote IPRs' transformation and utilization and truly awaken the "sleeping IPRs".

  • Recently, China's State Council convened a press conference to announce and explain 83 revisions to the annual Government Work Report. Among the revisions was a proposal to promote the development and construction of fueling stations for hydrogen fuel-cell cars. Fuel cells require onboard hydrogen tanks, which are both lighter and capable of holding far more energy than a battery. While it won't be easy, success will require overcoming significant technical and market hurdles.

    ——China's hydrogen economy is coming, by Bloomberg News


    In China, the hydrogen energy and fuel cell have been regarded as strategic emerging industries. Relevant enterprises, therefore, must seize the opportunity, grasp the core technology and strengthen the protection of IPRs to win the market opportunities.

  • NBA content will be available on Alibaba's platforms for the first time through an expanded partnership between the league and Chinese e-commerce company. The league says Wednesday that programming such as game highlights and classic NBA games will be among the content available on the new "NBA Section" to the nearly 700 million Alibaba consumers. There will also be an enhanced online shopping experience for Chinese customers.

    ——NBA content to be available on Alibaba platforms in China, AP


    The cooperation aims to the big data advantage of e-commerce, based on customized and authorized content and services. It is constantly satisfying the ever-changing performance of consumer demand. At the same time, it is also beneficial for both parties to expand new markets and upgrade strategic partnerships.

  • Recently,Shares in Anta Sports, rose 3.2% to close at an eight-month high at the Hong Kong Stock Exchange. The stock has also gained on optimism that the near finalization of Anta's' $5.2 billion purchase of Finland's Amer Sports will turn it further into a global sports brand heavyweight. Anta has been already tapped multiple brands such as Amer Sports and Fila to boost sale.

    ——China's Sportswear Leader Anta At 8-Month High On Earnings, New Brands,Furbes


    The share prices of ANTA are rising, which is the embodiment of its brand recognition at home and abroad and its excellent product quality and corporate services. It is believed that in the future, Chinese national enterprises will go abroad and become global with more innovation and vitality.

  • Didi Chuxing, the Chinese ride-hailing app, has announced a joint venture with a unit of carmaker BAIC to collaborate on new energy vehicle fleets and artificial intelligence. The companies will work together on “new energy fleet operation and AI transportation solutions to develop next-generation connected-car systems.

    ——Didi Chuxing announces JV with BAIC over new energy vehicles,Financial Times


    Such cooperation serves as a good example of integration and development of new technologies and services such as BAIC's new energy vehicles and Didi Chuxing's travel network, shared travel, and the expansion of new markets to achieve dual upgrades of both products and brands. This move will also serve as a new model for other companies in the industry.

  • Faster generation of driverless magnetic levitation trains is set to debut in China as early as 2020. It's built and developed independently in China by CRRC Zhuzhou Locomotives Co. Ltd., .The newly developed maglev prototype will run at a speed of 200 kph -- 40 kph faster than the 2.0 version and double the speed of the 1.0 version. When finished, the trains will be the fastest commercial maglevs developed and built completely by Chinese firms.

    ——China to introduce new generation of driverless trains in 2020,CNN


    In recent years, in addition to the continuous development independently of railway transportation in China, magnetic levitation system has gradually moved to research and development and innovation, which is of great significance to promote the development of magnetic levitation transportation technology in China.

  • TikTok has just crossed the 1 billion mark for worldwide installs on the App Store and Google Play, according to data from Sensor Tower. The 1 billion download figure is also only part of the story, as it does not include the number of downloads the app has received on Android in China, according to Sensor Tower, which also reported that TikTok was the No. 1 non-game app in the U.S. in January.

    ——TikTok better positions itself as a Facebook rival,USA Today


    Through the exploration of teenagers' aesthetic taste, TikTok creates a new way of video social interaction and is widely recognized. In recent years, TikTok has continuously strengthened copyright protection to ensure that its content does not flow out for the one side and attract more users into TikTok for the other side, which is also an important reason for TikTok's success in overseas market.

  • China's first big-screen adventures in outer-space will soon be landing on Netflix. The global streaming giant has picked up U.S. and international online rights to The Wandering Earth, the hit sci-fi blockbuster that has earned $610 million at Chinese cinemas since the start of February. "Netflix is committed to providing entertainment lovers with access to a wide variety of global content. With its high-quality production and storytelling, we believe that The Wandering Earth will be loved by sci-fi fans around the world," added Jerry Zhang, manager of content acquisition at Netflix.

    ——Netflix Acquires Chinese Sci-Fi Blockbuster "The Wandering Earth",the Hollywood Reporter


    The film "Wandering Earth" was successfully adapted into a sci-fi film hit at the box office and exported overseas. Besides the efforts of the creators, the success also benefited from the maturity of China's copyright trading market and the improvement of China's IP protection climate.

  • A centuries-old tradition: China's stilt. For centuries it be present at major events including New Year celebrations, important birthdays and funerals. But as China modernizes, the stilt walkers are facing a new challenge: keeping their audience interested. So troupes has gradually been working on some new moves, and for inspiration they looked to the Internet. They got this new style from these videos online showing street dance moves.

    ——China's street-dancing stilt walkers risk safety in exchange for thrills,CNN


    Innovation makes Chinese traditional cultures more dynamic. In a bid to keep national culture alive, Chinese folk artists explore the integration of Stilt Art and Pop Dance through Internet and stick to cultural inheritance and innovation during the inheritance of Chinese Stilt.

  • China is emerging as a leader in the use of legal technology, as it seeks to modernise its justice system to address the country's shortage of skilled and experienced lawyers.According to new figures from Thomson Reuters, the number of patents related to legal technology, or "lawtech", filed globally has risen more than fourfold over the past five years, from 202 in 2013 to 933 last year. More than half — 51 percent — were filed in China last year, while 23 percent were filed in the US and 11 percent in South Korea.

    ——China leads the way in legal technology patents, new figures show Financial Times


    China's leading position in filing application in "lawtech" sector proves its constantly improved IP creation capability. Through the operation of contract automation and other related patents, it is conducive for China to modernise its justice system, improve the efficiency of legal services and maximize the value of IPRs.

  • "The Wandering Earth" is a Chinese sci-fi film released on the New Year holiday which has taken the country by storm.Based on works by novelist Liu Cixin, it tells the story of a group of Chinese astronauts working to save Earth from a dying and rapidly expanding sun. Opening on February 5, the film made about $405 million ($2.7 billion yuan) in just over its first week in China alone -- putting it on track to become the country's most successful film of all time.China is likely to become the world's largest cinema market in coming years, according to industry insiders.

    ——Will smash hit "The Wandering Earth"change China's film industry? CNN


    The popular broadcast of "Wandering Earth" is a milestone in the development of Chinese sci-fi film. While Chinese domestic films are constantly moving towards the eyes of the world, it will pay more attention to the copyright of original films and the intellectual property protection of movie peripheral products to promote China's film industry.

  • Ant Financial has agreed to buy British payments group WorldFirst in a deal said to be worth about $700m, in the biggest push yet by Jack Ma's Chinese financial services group into western markets.Ant Financial said the move would allow the two companies "to reach a greater number of customers, especially in the fast-growing area of cross border ecommerce".

    ——Ant Financial agrees to buy WorldFirst in $700m deal,Financial Times


    The Ant Financial successfully acquired the British payment group WorldFirst, which became important initiatives for Chinese financial companies to enter the UK. Ant Financial's financial services with Pratt & Whitney will also help its brand to go global while promoting sustainable economic development.

  • There is also little doubt that China is a strong competitor, already having outspent the United States by $24 billion and planning $411 billion in 5G investments over the next decade. The Chinese government has also laid out multiple national plans for establishing the country as a leader in mobile technology, and the Chinese firm Huawei is poised to be the top smartphone manufacturer by 2020.

    ——Why China Is Winning the 5G War, The National Interest


    5G has become one of the key technologies many countries around the world exploring. In recent years, China has continuously encouraged enterprises to make great efforts to develop 5G technology and obtain intellectual property rights. Those Chinese enterprises with technological strengths, such as Huawei, are rising on the world stage.

  • Attending CES for the first time, Meituan is showcasing the Meituan Autonomous Delivery (MAD) solution, its intelligent dispatch system, and "Meituan Brain," an on-going project to build the world's largest knowledge map for catering and entertainment. At onsite demonstrations at CES, MAD is using a variety of intelligent delivery devices, such as unmanned aerial vehicles (UAVs) and autonomous delivery vehicles and robots to meet on-demand delivery in settings such as buildings, business campuses and public roads.

    ——Meituan Teams Up With Nvidia, Valeo, Icona For Driverless Food Delivery Service, Forbes


    In recent years, Meituan has been making technological innovations around its take-out business, and its exploration of unmanned delivery technology is at the forefront of its peers. With technological innovation and intellectual property escort, the company's business landscape is showing greater imagination.

  • Traffic used to be a frequent headache for residents in Hangzhou, the eastern Chinese city that's home to Alibaba. The metropolis of 7 million people once ranked fifth among China's most congested cities, but it has now dropped to 57th on the list. Alibaba says that's because of one of its inventions, dubbed the City Brain, which uses artificial intelligence to gather information across Hangzhou, such as video from intersection cameras and GPS data on the locations of cars and buses.

    ——Alibaba's 'City Brain' is slashing congestion in its hometown, by CNN


    The successful practice of the City Brain in Hangzhou promotes Alibaba's target to make artificial intelligence pervade in the every corner of the city. The innovative project will not only bring more convenience for the residents, but also facilitate to construct a smart city.

  • Lotus, the British sports car brand, will begin manufacturing in China within three years, according to its Chinese owner Geely, making it the first prestige brand to produce in the world's largest car market. Geely is recruiting 20 engineers to join its billion-renminbi "Lotus Project" factory scheduled to be completed by 2021 in the central Chinese city of Wuhan, according to the Chinese company's online recruitment page.

    ——Lotus to start production in China under new owner Geely, by Financial Times


    Geely's goal of making Lotus the first luxury sports car brand in China will expand its influence in global manufacturing industry, thus realizing the promotion of Geely's overall brand-building.

  • China has become the first country to land a probe on the far side of the Moon. The Chang'e-4 probe, comprising a lander and a rover, touched down at 10.26 am Beijing time, according to China National Space Administration, which released images of a rocky surface around the landing site. Chang'e-4's landing "opened a new chapter in human lunar exploration”, the space administration said.

    ——China's space agency lands first probe on far side of the Moon, by Financial Times


    Lunar exploration project is an extremely challenging high-tech, requiring persistence in implementing the innovation-driven development strategy and expecting no outside help in breaching technical bottlenecks. Chang'e-4 has been a reflection of China's persistence on self-reliant innovation.

  • To understand China's transition from copycat to innovator, you need to understand Shenzhen. Forty years ago it was a fishing village bordering Hong Kong. But today, Shenzhen is China's Silicon Valley. Shenzhen is also now home to China's national technology champions —Huawei, the smartphone maker, DJI, the drone maker, and BYD, the electric vehicle company.

    ——From fishing village to the world stage: inside China's Silicon Valley, by The Sydney Morning Herald


    It is innovation that has made Shenzhen changed greatly. As a city of innovation,its business-friendly climate has been an important insurance  for development. Many domestic and overseas companies opt to operate there because of the city's stringent IP enforcement practice.

  • Apple Inc.'s biggest competitor in China isn't Xiaomi Corp. or Huawei Technologies Co. It's Tencent Holdings Ltd.Industry observers have known for a while that Tencent's WeChat, including its Mini Programs platform, has the potential to displace the App Store. Now the company seems set on building out the long tail, maximizing value beyond mainstream usage of its core products.

    ——In Tencent's Future, It Won't Be the Humans Who Chat, Bloomberg


    Development prospects of tech companies often depend on their core technology. Tencent always insists on independent innovation and constantly improves intellectual property protection of its innovative achievements, and also constantly enriches its service and connotation and expands its business imagination.

  • A study published by Elsevier, a scientific publisher, and Nikkei, a Japanese news business, on January 6th found that China published more high-impact research papers than America did in 23 out of 30 hot research fields with clear technological applications. Chinese science is a nimble giant, capable of piling in on any new field of promise with enormous, often centrally encouraged, force.

    ——Can China Become a Scientific Superpower? The Economist


    In recent years, Chinese government has vigorously implemented the innovation-driven development strategy and national intellectual property strategy. Inspired by the policy, with mounting technological outputs of Chinese universities, scientific research institutes and enterprises, China's competitiveness in global technological competition is also growing.

  • Huawei Technologies Co Ltd on Monday launched a new chipset for use in servers, the chipset - called the Kunpeng 920 and designed by subsidiary HiSilicon, its latest 7 nanometre, 64-core central processing unit (CPU) would provide much higher computing performance for data centers and slash power consumption.At a time when China is pushing to enhance its chip-making capabilities and reduce its heavy reliance on imports, Huawei aims to "drive the development of the ARM ecosystem".

    ——Huawei Launches Server Chipset as China Pushes to Cut Reliance on Imports,CNBC


    Chinese companies are entering the world ranks. The future of China's chip industry relies on independent R&D and innovation,breaking established technology barriers and winning the market gradually. The successful development of this chipset is of great significance to the formation of the computer industry loaded with self-reliant IPRs.

  • After barely a year in business, Luckin Coffee is challenging Starbucks in one of the US coffee giant's top markets. About 2,000 Luckin outlets have sprung up across China over the last year. Luckin plans to have 4,500 outlets by the end of 2019, which would take it ahead of Starbucks to become China's biggest coffee chain. It's luring customers with cheap prices and savvy use of technology, which is forcing Starbucks to up its game.

    ——This Coffee Company Thinks it Can Beat Starbucks in China,CNN


    As a startup company, Luckin Coffee is able to find a suitable market position in fierce market competition, compete in an orderly manner, and improve product quality and service experience with innovative business models, creating real value for Chinese consumers.

  • Alibaba affiliate Ant Financial is in talks to buy WorldFirst, the UK-based international payments group, for about $700m. The deal, if completed, would mark Ant Financial's first big move into the UK market, although its Alipay service is already accepted in some retailers.

    ——China's Ant Financial in Talks to Buy WorldFirst for $700m, by Financial Times


    The acquisition plan reveals Ant Financial's determination to go out, especially to enter the American and European markets. As an independent financial company, Ant Financial represents the innovation ability of Alibaba. The innovative ideas of Alibaba make it share a portion of world market while bringing more convenience for the public.

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