Resumption of businesses in China boon for global supply chain
In Paris, Jean-Paul Agon, chairman and CEO of L'Oreal Group, holds a daily telephone conversation with his team in China, as the French cosmetic giant's China unit has gradually resumed operations.
Macro
Stay-at-home economy spawns new growth drivers for consumption
New consumption and retail models emerged from China's "contactless" economy amid its battle against the novel coronavirus outbreak are fueling consumption momentum as new growth drivers.
Financials
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China readies stronger policies to revive economy
China is preparing to take stronger macro policies as the latest data showed contraction in the first two months due to outbreak of COVID-19.
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China in action to stabilize foreign investment
China is ramping up efforts to stabilize foreign investment by promoting work resumption of foreign-funded firms and opening wider to foreign investors.
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Companies
Alibaba offers AI diagnostic tool of COVID-19 to more countries
Alibaba Cloud, the cloud computing arm of China's internet giant Alibaba, is sharing its AI-powered novel coronavirus disease diagnostic technology for free use by hospitals worldwide.
Tencent profit exceeds 93 bln yuan last year
China's tech giant Tencent announced Wednesday that its profit attributable to shareholders increased by 19 percent year on year to 93.3 billion yuan last year.
IKEA reopens more stores in China
Global home furnishing giant IKEA has reopened all its offline stores on the Chinese mainland excluding Wuhan, a hard-hit city amid the coronavirus outbreak.
