Shenyang aviation base becomes the first in China’s northeast to have 5G

The first 5G-enabled aviation base in northeast China has been launched in Shenyang, the capital of northeastern Chinese province of Liaoning, amid China's push to become the world leader in 5G. According to Chinese media, Shenyang's Faku mixed-use Aviation Base has installed a 5G base station and completed test flights with drones on Tuesday. The base station was built by the Liaoning branch of…

China’s service robot market size jumps 44% to $1.8 billion

China’s service robots market hit $1.84 billion according to an article published today on the 21st Century Business Herald. This marks a nearly 44% year-on-year increase, which is higher than the global average rate of change. Traditional sectors are turning to automation to increase efficiency and slash labor costs, key among them the medical and education industries. The food service and…

Suning acquires 37 Wanda stores to speed up new retail expansion

Image credit: Suning.com Chinese online retailer Suning.com has acquired 37 outlets of Wanda Department Store, the department store unit of Chinese conglomerate Wanda Group, chairman Zhang Jindong announced at the company’s Lunar New Year meeting held Tuesday. The company didn't reveal the value of the deal. The 37 stores are mainly located in central business districts or central areas of…

Mapping out the road ahead for China’s autonomous vehicles

(Image credit: BigStock/Akarat Phasura) Shanghai taxi driver Yuan Wei isn’t concerned about being replaced by autonomous vehicles (AVs). “No one will be able to afford an unmanned car,” he says. “It must be expensive. Maybe RMB 1 million (around $150,000) or RMB 2 million.” Yuan may be right about the price of a driverless car—at least given today's technology—but the threat to his livelihood…

Mobike to rebrand as Meituan Bike, fully integrate into Meituan’s app

Chinese bike-rental company Mobike will rebrand as Meituan Bike as it abandons its standalone app to be included in internet giant Meituan's platform as an in-app feature. The Chinese bike-rental firm will also become a distinct business group within the lifestyle services company. Wang Huiwen, Meituan’s senior vice president and co-founder, made the announcement in an internal memo to employees…

For food delivery, machines won’t replace humans any time soon

Image credit: Meituan Robots won't replace the millions of delivery workers who crisscross Chinese cities every day, carrying food and groceries to consumers in all sorts of weather. Instead, humans and machines will collaborate, making sure tasty meals make it to hungry mouths in a timely manner. At least this is the kind of scenario that China’s food review and delivery giant Meituan Dianping…

China to build 150 advanced logistics hubs by 2025

China is planning to build 30 logistics hubs by 2020 and 150 by 2025, according to a new plan jointly released by the country's top economic planning agency, the National Development and Reform Commission (NDRC), and the Ministry of Transport. According to the plan, China is to build six types of logistics hubs—inland harbor, cargo port, airport, service-oriented port, commerce and…

Alibaba looks to Beijing’s OTC market for emerging retail opportunities

In the space of one month, Chinese e-commerce giant Alibaba, and its related affiliates, have invested more than RMB 3 billion ($432.1 million) in two emerging new retail players. On November 19, Shanghai Yunxin, the company wholly owned by Ant Financial, said it would invest RMB 1.2 billion in vending machine solution provider UBox. On October 17, Alibaba agreed to invest RMB 2 billion in…

Cainiao delivers the first 100 million Singles’ Day parcels in 2.6 days

(Image Credit: Alibaba) Although the curtain has dropped on the Singles’ Day shopping festival, for courier services and delivery workers in China, the real madness has just started. To meet the surge of demand during annual shopping frenzy, e-commerce and logistics companies have cranked up parcel delivery efficiency and capacity. Alibaba’s logistics affiliate Cainiao today announced that the…