China's tech giant Huawei opens new research center in France -- Chinese tech giant Huawei opened a new research and development center (R&D) in France in a bid "to support companies in their digital transformation project", it announced in a statement on November 28. Located in Grenoble, southeastern France, Huawei's fifth R&D Center "will bring together up to 30 researchers by 2020 working on topics related to sensors and software," it said.
Xiaomi ties up with Ikea to embrace smart homes: report -- Chinese smartphone maker Xiaomi announced its partnership with Ikea of Sweden in developing smart home products at Xiaomi's MIDC conference in Beijing on November 28, China Daily reported. Starting from December, users will be able to use Xiaomi's smart voice assistant XiaoAi and the Mijia mobile app to control Ikea's smart lighting products.
Chinese electric automaker BYD expects mutual benefits in cooperation with Spain -- Wang Chuanfu, chairman of China's leading electric vehicle maker BYD, has said the company will deliver more electric buses to Spain and buy more products from Spanish companies.
Wang told Xinhua in an interview in Madrid as he attended the inaugural ceremony of the China-Spain Business Advisory Board on night of November 27, saying that it will become a major platform for business cooperation between the companies from the two countries, and facilitate BYD to go abroad.
Tencent teams up with Line on mobile payment service in Japan -- China's internet giant Tencent will partner with Japan's chat app operator Line to provide mobile payment services for small Japanese retailers, Nikkei business daily reported, sending the latter's share up 13 percent on November 27. The move comes as small stores in Japan are looking to tap into the Chinese tourism boom, and Tencent's largest Chinese rival Alibaba just joined hands with Yahoo Japan and Softbank Group to launch the PayPay mobile payment service a few months ago in the country. (Source: CGTN)
Chinese venture Axa Tianping to be totally foreign-owned -- Chinese venture AXA Tianping has sold its 50 percent share to French insurer AXA in a 4.6-billion-yuan (662.5 million U.S. dollars) deal, becoming totally foreign-owned, according to a statement by AXA Tianping on November 26. The statement said five Chinese shareholders of AXA Tianping signed the deal with the largest shareholder AXA Versicherungen AG, a wholly-owned subsidiary of AXA, to sell their 50 percent share to the French insurer. (Source: CGTN)
China's Wanhua to develop new chemical manufacturing complex in U.S. state of Louisiana -- China's Wanhua Chemical Group will invest 1.25 billion U.S. dollars to develop a methylene diphenyl diisocyanate (MDI) complex in the southern U.S. state of Louisiana. Wanhua has selected Convent in Louisiana's St. James Parish for its new MDI plant, according to a latest statement by the company. The project is set to start construction in 2019 and is expected to go into operation in 2021. With a capacity of 400 kilotons per year, the new MDI plant will generate 1,000 construction jobs at peak activity and create 170 new direct jobs with another 1,060 indirect jobs.
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