Walmart will open a Sam's Club flagship in Qianhai, attracted by the fast development of the free trade area and its position as one of the growth drivers of the Guangdong-Hong Kong-Macao Greater Bay Area.
Shenzhen has presented a stellar performance in attracting foreign capital in the first three quarters of this year despite the COVID-19 pandemic, as more than 3,000 new foreign-invested enterprises have been set up in the city during the Jan.-Sept. period, Shenzhen Special Zone Daily reported yesterday.
Shenzhen enterprises have won three gold prizes for patents and two gold prizes for designs in the 21st China Patents Awards, according to a release of the Shenzhen Municipal Intellectual Property Office on Tuesday.
The city’s foreign trade with countries under the Belt and Road Initiative (BRI) was up 3.6 percent year on year to reach 478.4 trillion yuan (US$71 trillion) between January and September, statistics from Shenzhen Customs show.
Qualified e-commerce platforms in Shenzhen will receive rewards, financial support, subsidies in rent and interest on loans, according to a package of measures on promoting the development of e-commerce that will take effect next week.
Shenzhen ranked third among Chinese cities in terms of development of new business formats within the daily life services industry, according to a report released by the food delivery giant Meituan on Monday.
The number of newly registered companies in Shenzhen in strategic emerging fields, such as new information technology, digital economy and marine economy, grew by over 40 percent from a year earlier by the end of August, according to data released by the Shenzhen Municipal Market Supervision and Regulation Bureau.
An innovation lab designed to optimize future network systems, jointly built by the Chinese University of Hong Kong, Shenzhen (CUHK-SZ), Shenzhen Research Institute of Big Data and Huawei, was inaugurated in CUHK-SZ in Longgang District yesterday morning.
Pengcheng Cloud Brain II, the world’s largest artificial intelligence (AI) computing platform jointly developed by Huawei Technologies and Pengcheng Laboratory, officially settled in the Shibilong Industrial Park in Xili, Nanshan District, on Tuesday.
Due to the novel coronavirus pandemic, the 16th China (Shenzhen) International Cultural Industries Fair (ICIF) will be held online, the first time in its history, from Oct. 26 to 30, Shenzhen International Cultural Industry Fair Co. Ltd., the organizer, said at an online preparation meeting Tuesday.
Shenzhen posted a 2-percent year-on-year growth in foreign trade from January to August this year to reach 1.88 trillion yuan (US$277 billion), Shenzhen Customs said at a news conference held by the Shenzhen Municipal Government Information Office at the Civic Center in Futian District yesterday.
A total of 22 enterprises including Huawei, Tencent, SF Express, Blaz, Galaxy Interactive and Ledman from Shenzhen have participated in the ongoing China International Fair for Trade in Services (CIFTIS) in Beijing.
Costco, a U.S.-based warehouse club second to Walmart, will build its flagship store and South China Headquarters in Longhua District, according to an agreement signed between the Shenzhen government and Costco.
Under the registration-based initial public offering (IPO) system, 18 companies made their market debut on China’s Nasdaq-style ChiNext board in Shenzhen in the first batch of listings yesterday, two days before the 40th anniversary of the Shenzhen Special Economic Zone.
The Shenzhen Municipal Market Supervision and Regulation Bureau on Thursday released 36 measures in six aspects to further improve the city’s business environment and better serve market entities, Shenzhen Economic Daily reported.