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Business

Dongfeng’s independent passenger car system changes formation Yipai Technology deeply tied to Huawei Intelligent Drive_Oriental Fortune Network

by Priya Shah – Business Editor August 2, 2025
written by Priya Shah – Business Editor

Dongfeng Yipai Accelerates Growth, Forges Huawei Partnership

Dongfeng Motor’s newly established Yipai Technology is poised to revolutionize the company’s independent passenger car business, officially launching its “Wings of the Future” strategy. This move consolidates key brands and aims for a user-centric, technology-driven future.

Brand Consolidation and Dual-Brand Strategy

Yipai Technology, officially unveiled on August 1, integrates Dongfeng Fengshen, Dongfeng Yipai, and Dongfeng Nano into a streamlined structure. This consolidation from three major brands to two signifies a strategic shift towards brand concentration and efficiency.

Yang Qing, Chairman and Party Secretary of Dongfeng Motor Group, declared Yipai Technology as the “main force of Dongfeng Motor’s independent passenger car business” and a “model of user-oriented and technology-oriented enterprises.”

The new brand architecture features a “dual brand, multi-series” layout. Dongfeng Nano will be absorbed into the Dongfeng Yipai brand system. Dongfeng Yipai will offer two product series: mainstream technology and smart boutique. Dongfeng Fengshen will concentrate on the global energy-saving vehicle market.

Huawei Partnership Drives Smart Innovation

A significant element of Yipai Technology’s strategy involves a deep collaboration with Huawei. The smart boutique series under the Dongfeng Yipai brand will be jointly developed with Huawei, with the first model, a full-size SUV, slated for a 2026 debut.

This partnership will see the integration of Huawei’s advanced Gankun Zhijia ADS 4 and Hongmeng Cockpit 5 systems. This collaboration deepens an existing relationship that has already seen joint ventures with Lantu Auto and Mengshi Technology.

Dongfeng Motor’s independent passenger car brands, including the high-end Lantu, mainstream Yipai, and off-road focused Mengshi, are all now collaborating with Huawei.

“Wings of the Future” Strategy Outlined

Wang Junjun, General Manager of Yipai Technology, presented the comprehensive “Wings of the Future” plan, encompassing “Wings of Technology,” “Wings of Brand,” “Wings of Products,” and “Wings of Overseas.”

By 2028, Yipai Technology aims to offer 20 distinct models, with an annual update commitment. Dongfeng Fengshen is set to expand its lineup to 10 models, focusing on core A and B-grade segments, with at least two new or updated products launching yearly.

The company emphasizes a user-centric approach, aiming for rapid response to customer needs. “We will do things that users care about immediately, use flexible mechanisms to speed up decisions,” stated Wang Junjun.

A recent report from S&P Global Mobility indicates that by 2030, electric vehicle sales in China are projected to reach 9.4 million units, highlighting the competitive landscape Yipai Technology is entering.

Efficiency Revolution and User Focus

Yipai Technology is implementing an “efficiency revolution” to expedite product development and delivery. The goal is to get user-needed products into their hands as quickly as possible, streamlining internal processes.

“User needs must be the origin of technological innovation and create real value for users,” Wang Junjun asserted. The company is committed to faster response times, with a slogan promising solutions within an hour for user issues.

August 2, 2025 0 comments
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Entertainment

The movie summer recovery: the market market exceeded 100 million for two consecutive weeks. The box office forecast of “Nanjing Photo Studio” is 4.2 billion

by Julia Evans – Entertainment Editor August 1, 2025
written by Julia Evans – Entertainment Editor

Movie summer Season Sees Strong Performance, With “nanjing Photo Studio” Box Office Forecast at 4.2 Billion Yuan

The Chinese film industry is experiencing a robust summer season,with box office revenues exceeding 100 million yuan for two consecutive weeks. This surge in ticket sales has boosted confidence among industry stakeholders, with a particular focus on the projected success of “Nanjing Photo Studio,” which is forecasted to reach 4.2 billion yuan at the box office.

Despite the overall positive trend, some productions are facing challenges.A representative from a theater management company noted that “Sauce Garden Lane·Unknown’s Case” has “basically stagnated.”

Data from Maoyan Professional edition highlights the performance of several key films. As of August 1, “Chang’an’s Lychee” had an estimated box office of approximately 810 million yuan. The film’s production involves eleven companies, including publicly traded entities such as Maoyan Entertainment (01896.HK), Chinese Confucianism (00136.HK), adn Huayi Brothers (300027.SZ).”Luo Xiaohei War 2″ had a predicted box office of 494 million yuan on the same date, with Chinese online (300364.SZ) and Maoyan Entertainment among its listed producers. The production of “East Ji Island” includes Light Media (300251.SZ), Chinese Films, Beijing Culture (000802.SZ), and Barley Entertainment (01060.HK), with “nezha 2” also listed as a producer.

Film production professional Kim Yeon expressed optimism for the summer season, stating, “I personally hope that the summer season can create history in August. After all, only by making money can everyone be confident in doing the next project.” Kim Yeon emphasized the commercial nature of filmmaking, adding, “movies are also a commodity. Only when upstream production investment companies feel that they have money to make money can they continue to invest, and the industry can return to the track of sustainable development.”

Source: China Business News

Key Details Not in Original Article:

  • Specific box office figures for “Sauce Garden Lane·Unknown’s Case” were not provided, only that it has “stagnated.”
  • The exact release dates for the mentioned films are not specified, but the context implies they are part of the current summer movie season.
  • The specific roles of each listed production company in the films are not detailed.

Angle to Focus On: The article highlights the dual nature of the summer box office – strong overall performance driven by hits like “Nanjing Photo Studio,” contrasted with underperforming films, and the crucial link between profitability and future industry investment.

August 1, 2025 0 comments
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Sport

Chengdu World Games Torch Relay Highlights Innovation and Future

by Alex Carter - Sports Editor July 26, 2025
written by Alex Carter - Sports Editor

This article describes the torch relay for the Chengdu World Games, highlighting the diverse group of torchbearers and the symbolic meaning of their participation.

Here’s a breakdown of the key points:

The Torch Relay:

Route: Approximately 4 kilometers, starting from the lawn in front of the planning exhibition hall of Tianfu New District, along the lake to the roadshow center. It passed through iconic locations like supercomputing centers, ecological greenways, and lakeside viewing platforms.
Atmosphere: Described as warm and solemn.
Conclusion: The relay concluded with the final torchbearer, Marcel hasaimaire, returning the torch to the fire collection ceremony stage.

Symbolic Meaning:

Chengdu World Games: Represents a fusion of local roots and global connection.
Torchbearers: Each torchbearer embodies different aspects of Chengdu and the spirit of the Games:
Marcel Hasaimaire: German-born lifesaving star,conveying a global perspective and the spirit of “fortune” (likely referring to the “World Fortune” theme).
Li wenwen: Olympic weightlifting champion, representing the “power of strength.”
Song Yonghua: President of Macau University, looking at the “City of the Future” from a scientific perspective. Hu Ke: Volunteer, connecting the Universiade and World Games with youthful energy and volunteerism.
Zhang Guirong: Model ride-hailing driver, showcasing an unusual life in ordinary positions.
John Fairley & Feng Benfeng: Emblem and torch designers, representing the blend of Eastern and Western aesthetics.
Vibe World Street Dance Competition champions & Fang Zhenghua/Li Liangzhi: Showcasing Chengdu’s diverse vitality and cultural portrayal.
Chengdu’s Modernization: The relay symbolizes Chinese modernization in Chengdu, characterized by ecology, technology, and culture.

Chengdu’s Advancement Strategy:

High-Quality Development: Focus on integrating culture, business, tourism, and sports.
“Park City, Happy Chengdu” Brand: driving force for development.
Key initiatives:
Polishing the city’s cultural and tourism brand to become a world-renowned destination.
Building urban consumption landmarks and creating vibrant consumer zones with local flavor, Chinese trends, and international style.
Implementing global brand promotion plans.

connection to History and Future:

the torch relay route traversed historical sites like Sanxingdui, Golden Sand, Three Kingdoms, and Three Su cultural contexts.
the theme “Holding hands with the world fortune to ignite dreams” signifies a dialog between history and the future.
The event aims to wriet a new chapter for world sports history.

In essence, the article celebrates the triumphant Chengdu World Games torch relay as a symbol of Chengdu’s progress, its embrace of global connections, and its vision for a future shaped by culture, technology, and a strong sense of community.

July 26, 2025 0 comments
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Business

FedEx debuts at the Chain Expo for the third time to help green logistics build a sustainable supply chain_Oriental Fortune Network

by Priya Shah – Business Editor July 19, 2025
written by Priya Shah – Business Editor

FedEx Champions Green Logistics at Major Expo

Global Logistics Leader Showcases Carbon Reduction Efforts in China

FedEx is set to highlight its significant strides in promoting carbon reduction within the Chinese market at the upcoming 3rd China International Supply Chain Promotion Expo. The event, scheduled from July 16 to 20, 2025, will feature FedEx’s initiatives in optimizing its network, upgrading infrastructure, enhancing service efficiency, and embracing digital innovation.

Driving Sustainability Through Collaboration

As a returning participant, FedEx will focus on its commitment to green practices, cooperation, and innovation. The company’s efforts in China include electrifying its vehicle fleet, transitioning to paperless shipping, developing eco-friendly facilities, and investing in technological advancements to minimize its environmental footprint.

On April 22, 2025, FedEx announced a pivotal collaboration with semiconductor industry partner Micron Technology. This partnership aims to jointly establish a more sustainable supply chain. Leveraging customized digital solutions, FedEx is providing Micron Technology with its Sustainability Insights tool. This platform allows users to track emissions data per shipment and review aggregated historical data, offering a clearer understanding and management of carbon output from international freight.

“Sustainable development has become a key issue around the world. Building a sustainable supply chain is an important way for enterprises to enhance their market competitiveness. Green logistics is an important part of building a sustainable supply chain. Realizing its own sustainable development is also an indispensable way for logistics companies to gain market advantages.”

—Xu Baoyan, President, FedEx China

Xu Baoyan, President of FedEx China, emphasized the company’s strategic engagement with the Chain Expo. He stated that participating in the expo provides invaluable insights into the development trajectory and emerging trends of the supply chain and logistics industry in China. He added that this engagement has been instrumental in successfully implementing numerous company achievements within the country.

Globally, the logistics sector is increasingly adopting sustainable practices. For instance, the adoption of electric vehicles in delivery fleets is on the rise. In Europe, cities like London and Amsterdam are pushing for zero-emission zones, encouraging logistics companies to transition to electric vans and cargo bikes for last-mile deliveries (Source: European Environment Agency, 2023 Data Trends Report).

FedEx’s dedication to sustainability is not merely a corporate responsibility but a strategic imperative. By integrating environmental considerations into its core operations, the company aims to build resilience, foster stronger partnerships, and maintain a competitive edge in an evolving global marketplace.

July 19, 2025 0 comments
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Business

The 2025 Nanjing Software Conference for Industry and Talent Financing Supply and Demand, and the Collaborative Development of Industry, Academic and Research have come to an end_Oriental Fortune Network

by Priya Shah – Business Editor June 19, 2025
written by Priya Shah – Business Editor

Nanjing Software Conference Concludes, Charting AI’s Industrial Future

Industry Leaders Converge to Forge Alliances and Explore Innovation

The 2025 Nanjing Software Conference, a premier industry event spanning two decades, recently concluded after three days of intense networking. The event fostered supply-demand alignment and collaborative development among software companies, financial institutions, research entities, and industry professionals.

Huawei Executive Highlights AI’s Transformative Potential

Qiu Shuai, CTO of Huawei Group Industrial Software and Industrial Cloud and general manager of Huawei Cloud Industrial Software Cloud, emphasized the remarkable advancement of Nanjing’s software sector. He pinpointed the intelligent operating system and Hongmeng system as prime examples. Qiu believes that AI will revolutionize industrial software, and urged manufacturers to capitalize on emerging opportunities in intelligent industrial software.

“I think AI will be a complete disruption and reconstruction for industrial software. Industrial software manufacturers should quickly capture the development opportunities of AI and transform into the field of intelligent industrial software.”

—Qiu Shuai, CTO of Huawei Group Industrial Software and Industrial Cloud and general manager of Huawei Cloud Industrial Software Cloud

Local Software Firm to Focus on Localization and Intelligence

Jiangsu Runhe Software Co., Ltd. is prioritizing localization and intelligence, employing “operating system × wireless connection × AI” as its core technology. They are constructing a digital infrastructure that encompasses cloud-edge-end capabilities, leveraging open-source Hongmeng and open-source Euler. This approach supports digital transformation and intelligent upgrades across sectors, including finance, energy, and industry.

Collaboration Drives Advancement

During the conference, several entities, including the Nanjing Industrial Software Cloud Engineering Application Innovation Center, the Intelligent Manufacturing Industrial Park, and Nanjing University of Information Engineering, formalized partnerships. These collaborations aim to enhance research efforts and expedite the practical application of technological advancements. According to the center’s operation director, Xue Chaobo, Nanjing’s substantial industrial base and strengths in high-end equipment manufacturing, such as smart grids, position it for significant advantages.

In related news, the global industrial software market is projected to reach $750 billion by 2028, reflecting a compound annual growth rate of 9.3% from 2021 (Statista, 2024).

Talent Development and Strategic Partnerships

A “School-Enterprise Jointly and Financially Help: Strategic Cooperation Release Ceremony for the Cultivation of Industrial Software Specialty Talents” was also held. Nanjing University’s School of Software, alongside Poisson Software, Yunbo Software, and Yuantu Times, signed cooperative agreements aimed at developing skilled professionals to support the sustained development of the industrial software industry.

The Nanjing Software Conference concluded, leaving a blueprint for future innovation, collaboration, and development in the software sector.

June 19, 2025 0 comments
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News

Maximize Tax Refunds: Expand Your Business Globally

by Chief editor of world-today-news.com April 27, 2025
written by Chief editor of world-today-news.com

China Optimizes Tax Refund Policies to Boost Inbound Consumption

April 27,2025

China is taking steps to attract more international visitors by optimizing its departure tax refund policies. The ministry of Commerce, along with six other departments, recently issued a notice aimed at enhancing the shopping experience for overseas tourists and expanding inbound consumption.

Key Policy Changes

  • Expanded Store Access: The initiative seeks to increase the number of tax refund stores,particularly in areas frequented by tourists,such as business districts,pedestrian streets,and airports.
  • Lower Threshold: The minimum purchase amount for tax refunds has been reduced from 500 yuan to 200 yuan, opening the programme to smaller shops and a wider range of goods [2], [3].
  • Improved Services: The cash tax refund limit has been doubled from 10,000 yuan to 20,000 yuan, and efforts are being made to offer diverse payment options, including mobile payment, bank cards, and cash.

Official Statements

sheng Qiuping, vice minister of commerce, emphasized the potential impact of these changes:

Further optimizing the departure tax refund policy will help promote the continued rapid growth of departure tax refund sales and inject consumption into boosting consumption…expand new space.
Sheng Qiuping,Vice Minister of Commerce

Qiuping added that the ministry will work with other departments to implement these policies,improve the quality of tax refund services,and make shopping more convenient for overseas travelers.

Did you know?

Tax refund stores can now be registered by enterprises with a tax credit rating of M or above, even if they have been established for less than a year. The filing time has also been reduced to less than five working days.

Implementation and Expansion

The State Administration of Taxation has already issued an announcement to clarify the procedures for “buy-and-refund” services, encouraging more stores to participate. Xie Wen, director of the Department of Goods and Labor Taxation of the State Administration of Taxation, stated:

Under the thorough effect of the introduction of a series of departure tax refund policies and measures, the advantages of ‘buy and refund’ will be further exerted. In the next step, the tax department will continue to optimize tax services, improve the consumption experience of overseas tourists, and fully release the consumption potential of inbound tourism.
Xie Wen, Director of the Department of Goods and Labor Taxation of the State Administration of Taxation

The Civil Aviation Administration of China is also involved in promoting the policy. xu Qing,director of the Transportation Department,said:

we will cooperate with relevant departments to strive to promote the implementation and optimization of the departure tax refund policy to attract more foreign tourists to enter and consume… We will encourage capable port airports to add departure tax refund stores…to enhance foreign tourists’ awareness of departure tax refund policies and attract more passengers to ‘buy in China’.
Xu Qing,Director of the Transportation Department of the Civil Aviation administration of China

Pro tip:

Look for “Tax Refund Store” signs in popular tourist areas to take advantage of the new policies. Remember to keep your receipts and necesary documentation to claim your refund.

FAQ: Tax Refunds in China

What is the minimum purchase amount for a tax refund?
200 yuan.
What is the maximum cash refund amount?
20,000 yuan.
Where can I find tax refund stores?
Look for them in major business districts, tourist attractions, airports, and other areas frequented by tourists.
April 27, 2025 0 comments
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