Microsoft to launch AI & IoT Insider Lab in Shanghai -- U.S. tech giant Microsoft on January 16 signed a memorandum of strategic cooperation to locate its new artificial intelligence (AI) and Internet of Things (IoT) Insider Lab, the first of its kind in Asian-Pacific Region, in Shanghai. The memorandum was signed between the company and Shanghai's Pudong New Area. The lab is expected to open in April. It will be Microsoft's third and largest AI & IoT Insider Lab in the world, after the company set up the first two in Seattle and Munich.
U.S. food manufacturer to establish pet food plant in Tianjin -- Mars Incorporated, a U.S. global manufacturer of confectionery, pet food and other food products, has recently signed an agreement to set up a pet food plant in north China's Tianjin, local authorities said on January 15. Mars Inc. and the management committee of Tianjin Economic-Technological Development Area signed an investment cooperation agreement on a pet food plant project on January 11. The investment of the project is over 100 million U.S. dollars, with registered capital of 40 million U.S. dollars, according to the management committee.
Int'l retail giants go digital to woo consumers -- As the 2019 Chinese Lunar New Year draws near, retail giants like Carrefour and Walmart have accelerated their pace of digitalization offering more shopper-friendly services to prepare for the shopping spree. At a Carrefour supermarket in Shanghai's Changning District, shoppers can use a Wechat mini-app "Scan and Go" on their cell-phones to scan barcodes on groceries and pay the bills. There is no queuing at the checkout. The market also provides guide robots, smart carts, and scan-to-pay smart screens to improve the efficiency of shopping.
Refinitiv launches BRI Connect deal tracking platform -- Thomson Reuters' former financial and risk unit launched a new comprehensive platform on January 14 tracking more than 2,000 Belt and Road Initiative infrastructure projects that will allow global investors and service providers to better identify deal opportunities. The interactive platform pulls together data on each deal, including scale, progress to date, key parties involved, and helps investors understand each projects' risk and return profile. It also helps law, advisory, and construction companies to search for and bid for projects. (Source: China Daily)
Delta Electronics to focus on new areas like smart city tech -- Delta Electronics Inc, a global provider of power and thermal management solutions, said it will continue to invest in the Chinese mainland market, and further participate in the Belt and Road Initiative, as well as the upgrading and transformation of the mainland's manufacturing industry. "Our production in the Chinese mainland accounts for more than 60 percent of the company's total. At present, the mainland is the most important production base and key sales area for Delta," said Cheng Ping, company CEO, adding he is bullish on the prospects of the Chinese mainland market. (Source: China Daily)
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