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DALIAN, China, June 27, 2024 /PRNewswire/ -- A news report from chinadaily.com.cn: [Photo/Dalian's coordination office for 2024 Summer Davos] The Summer Davos Forum is more than just a meeting, it's a gateway for Dalian to enhance its international openness, global recognition, and participation in international economic cooperation. The northeastern port city of Dalian, in Liaoning province, will again take center stage at the 2024 Summer Davos Forum, showcasing its vibrant business environment and robust industrial support for foreign investment. Since partnering with the forum in 2007, Dalian has drawn significant interest from Fortune 500 companies and new champion enterprises, bringing numerous cooperation opportunities. In 2013, during that year's Summer Davos Forum, Dalian introduced 100 key investment projects across various sectors, including industrial real estate, equipment manufacturing, fine chemicals, electronic information, biopharmaceuticals, and new materials. The city identified and engaged over 1,000 potential clients, successfully establishing project-matching channels. At the 2015 forum, Dalian secured new clients and cooperation agreements, signing 13 investment projects in finance, advanced manufacturing, e-commerce, elder care, and industrial real estate. In 2017, the city signed 17 foreign investment projects, boosting its industrial transformation and upgrading. The 2019 Summer Davos Forum saw 2,066 representatives from 101 countries and regions in Dalian, with nearly 70 percent being foreign guests and 60 percent business leaders. During this period, Dalian signed 16 key projects in information technology, biopharmaceuticals, intelligent equipment, and cultural creativity. In recent years, Dalian has introduced policies to broaden channels for attracting foreign investment, improve services for foreign investors, and leverage foreign capital more effectively. The city aims to establish itself as a high-level open gateway hub. Dalian is committed to enhancing its investment environment to attract foreign capital effectively. It ensures equal treatment for domestic and foreign investments, pioneering the "Regulation of Dalian City on the Promotion of Foreign Investment", a first in Northeast China. Additional measures, such as the Three-Year Action Plan for Deepening Cooperation with Japanese and Korean Industries, aim to optimize the environment, expand channels, stabilize scales, and improve the quality of utilization. According to the Dalian Municipal Bureau of Commerce, the city has attracted over 17,000 foreign-invested enterprises to date, with over 5,000 currently active, accounting for more than half of the province's total. A total of 124 Fortune Global 500 companies have invested in 288 projects in Dalian. Significant projects have bolstered industrial cooperation and quality enhancement, led by companies such as SK Hynix, Goodyear, Volkswagen, Nidec, and SKF, driving advancements in integrated circuits, equipment manufacturing, automobiles, and components. Japanese firms like Sompo Japan Insurance, Mizuho Bank, and Mitsubishi UFJ Financial Group have played pivotal roles in developing regional financial centers. High-quality foreign investment projects landing in Dalian reflect foreign investors' recognition of the city's business-friendly environment and its efforts to build a high-level open gateway hub, and demonstrate the city's success in attracting substantial foreign investment.
JAKARTA, Indonesia, June 27, 2024 /PRNewswire/ -- During the inaugural OceanBase INFINITY tech conference in Jakarta, Indonesia, OceanBase unveiled that its comprehensive suite of cloud database products and services is now accessible on the Google Cloud Marketplace. Evan Yang, CEO of OceanBase, at 2024 OceanBase INFINITY event in Jakarta, Indonesia Charlie Yang, CTO of OceanBase, was sharing the product roadmap and unveiling upcoming releases and updates at 2024 OceanBase INFINITY event With this move, OceanBase further supports multi-cloud deployments, enhancing its ability to serve international customers with increased flexibility, scalability, performance, and cost-effectiveness. Demonstrating compatibility with major cloud environments such as Amazon Web Services, Google Cloud, Alibaba Cloud, and Tencent Cloud, OceanBase has scaled its services across over 30 geographical regions in Asia Pacific, Middle East, Africa, Europe and America, covering 80 availability zones. As a solution for unlimited scalability and mission-critical tasks, OceanBase's distributed database is designed to support data-intensive transactional workloads and real-time operational analytics, boasting ultra-fast performance that has once achieved world records in the TPC-C benchmark test. To date, OceanBase serves over 1,000 customers across the globe, such as SAIC Volkswagen, VIVO, Haidilao, Kwai, Trip.com, DANA, GCash, PalmPay, QiCard and the Saudi Cloud Computing Company, while also supporting all mission-critical systems in Alipay. "We envision a unified database product strategy that brings customers a single database for the entire lifecycle of their organization at scale," said Evan Yang, Chief Executive Officer of OceanBase. "OceanBase's availability on Google Cloud Marketplace, coupled with our multi-cloud approach, further ensures efficient and resilient database management across diverse cloud environments, enabling customers to effectively resolve their critical business challenges." During the conference, OceanBase also announced strategic partnerships with leading local resellers to better serve customers in the Indonesian market. Earlier, in May, OceanBase was recognized as an Asia/Pacific Customers' Choice and also named a Strong Performer in the 2024 Gartner® Peer Insights™ Voice of the Customer report for Cloud Database Management Systems. It also received an Honorable Mention in the 2023 Gartner® Magic Quadrant™ for Cloud Database Management Systems. About OceanBase Launched in 2010, OceanBase is a distributed relational database. OceanBase's strengths over alternative solutions include strong data consistency, high availability, high performance, cost effectiveness, elastic scalability, and high compatibility with mainstream relational databases. It enables transactions and analytical queries with just one set of data engines, empowering real-time business intelligence. To learn more, please visit: https://en.oceanbase.com/
QINGDAO, China, April 30, 2024 /PRNewswire/ -- The Qingdao-Germany Economic, Trade, Cultural and Tourism Exchange Meeting kicked off in Stuttgart, Germany on April 25, hosted by the Qingdao Municipal People's Government, and organized by the Qingdao Municipal Bureau of Commerce and the Qingdao Sino-German Ecopark. This event was attended by over 160 representatives from German companies and institutions, partners and delegates from Qingdao. Zhao Haozhi, mayor of Qingdao, delivered a keynote speech, while Li Hucheng, secretary-general of the Qingdao Municipal People's Government, chaired the meeting. This event received great support from German business associations such as Südwestmetall, BWA, China Netzwerk Baden-Württemberg , RegioTriRhena, IHK Region Stuttgart, Entrepreneurs Association Baden-Württemberg, and Internationale Deutsch-Chinesische Assoziation, making it one of the largest economic and trade events organized by Chinese local government in Germany in recent years, according to the Information Office of Qingdao Municipal People's Government. The Qingdao-Germany Economic, Trade, Cultural and Tourism Exchange Meeting "Qingdao is one of the Chinese cities with the closest ties to Germany in terms of bilateral exchanges and cooperation. German-funded companies have achieved significant development in Qingdao, attracting over 400 German enterprises to invest in the city. Additionally, Qingdao has established friendly city relationships with several German cities such as Mannheim and Regensburg. We expect further exchanges between Germany and Qingdao to strengthen collaborations in industries like automotive, chemicals, manufacturing, energy, as well as in the cultural and tourism sectors," said Mayor Zhao Haozhi in his speech. During the meeting, Elmar Stumpf, chairman of CNBW-Region Baden-Württemberg, and Michael Schumann, chairman of BWA, delivered speeches. Dr. Martin Sommer, general manager of Elringklinger Group, shared the company's investment situation in Qingdao. Wang Zhijun, director of the Qingdao Municipal Bureau of Commerce, introduced the investment environment in Qingdao and the key fields of cooperation between Qingdao and Germany. Pan Feng, director of the Qingdao Municipal Bureau of Culture and Tourism, promoted Qingdao's cultural and tourism hotspots. This event attracted widespread attention from the local German community, with representatives from many well-known German companies such as Bosch, Daimler, Audi, Volkswagen, Porsche, and Recaro, as well as governments and institutions including the City Government of Stuttgart, the City Government of Oldenburg, and the Stuttgart Football Club participating in the event. The Qingdao-Germany Economic, Trade, Cultural and Tourism Exchange Meeting
SINGAPORE, Dec. 28, 2023 /PRNewswire/ -- OceanBase, a leading provider of enterprise-level distributed relational database, has received an Honorable Mention in the 2023 Gartner® Magic Quadrant™ for Cloud Database Management Systems (Cloud DBMS). This recognition comes approximately one year after OceanBase launched OceanBase Cloud, its cloud DBMS product. According to Gartner, "with continued innovation and increased breadth and depth of function, the cloud database management systems market continues to provide new benefits for businesses." In this report, Gartner evaluated vendors based on 15 criteria spread across two key dimensions: 'ability to execute'—encompassing criteria such as product or service, overall viability, and customer experience—and 'completeness of vision', which includes market understanding, business model, and innovation, among others. Introduced in August 2022, OceanBase Cloud offers a fully managed database service that boasts elastic scalability, ultra-fast performance, and high compatibility across major global cloud infrastructures, including Amazon Web Services, Microsoft Azure, Google Cloud, and Alibaba Cloud. Operating across 30 availability zones in Asia, Europe, and America, OceanBase Cloud has already served over 200 customers, including SAIC Volkswagen, Li Auto, VIVO, Pop Mart, Haidilao, Kwai, Trip.com, GCash, and PalmPay. PalmPay, a leading fintech platform in Africa, saw its core accounting database costs saved by 86%, and its financial history database costs by 71%, leading to an overall 80% reduction in monthly database related expenses, as a result of OceanBase Cloud integration. Similarly, Haidilao, one of the world's most popular Chinese hotpot restaurant chains, experienced a 50% drop in database costs after integrating OceanBase Cloud. Additionally, its computational capacity for real-time analytics surged by as much as 45%, thereby enhancing the company's ability to gain operational insights more efficiently. "We are honored to be mentioned in the 2023 Gartner® Magic Quadrant™ for Cloud Database Management Systems," said Yang Bing, CEO of OceanBase. "We believe, this recognition, coming just one year after the launch of OceanBase Cloud, affirms our dedication to delivering innovative solutions that effectively address the real-world challenges faced by our customers." "The overall database management system market saw strong growth of 14.4% in 2022 to reach $91 billion," according to Gartner's DBMS market data. "Database software now accounts for 12.9% of the overall software market. By the end of 2023, the DBMS market is expected to exceed $100 billion." Gartner, Magic Quadrant for Cloud Database Management Systems, 18 December 2023 Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER and MAGIC QUADRANT are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. About OceanBaseLaunched in 2010, OceanBase is a distributed relational database. OceanBase's strengths over alternative solutions include strong data consistency, high availability, high performance, cost effectiveness, elastic scalability, and high compatibility with mainstream relational databases. It enables transactions and analytical queries with just one set of data engines, empowering real-time business intelligence. To learn more, please visit: https://en.oceanbase.com/
Hyundai Mobis participates Japan Mobility Show starting from October 26th to November 5th to expand Japanese market Plans to secure new business opportunities with Japanese automakers showcasing strategic products, including electrification, IVI, ADAS, and lamps Hyundai Mobis poise to strengthen global presence via active participation in global mobility events, following CES (USA) and IAA (Germany). SEOUL, South Korea and TOKYO, Oct. 19, 2023 /PRNewswire/ -- Hyundai Mobis (KRX: 012330) is making its first appearance at the Japan Mobility Show, previously known as Tokyo Motor Show, aiming to secure new orders from local automakers. Hyundai Mobis anticipates creation of new business opportunities through aggressive sales strategy, in response to the changing environment in the Japanese automotive market, which is in the midst of a transition from traditional internal combustion engine vehicles to future mobility solutions like electrification and autonomous driving. Hyundai Mobis announced on the 19th that it will participate in 'Japan Mobility Show' which will be held in Tokyo, Japan from October 26th to November 5th, showcasing the company's strategic products such as electrification, IVI (In-Vehicle Infotainment System), and ADAS (Advanced Driver Assistance Systems). This marks the first time that Hyundai Mobis is participating in mobility-related events held in Japan, including the former Tokyo Motor Show. Hyundai Mobis plans to run its exhibition with a focus on 'private booths' at this year's show to concentrate its efforts on creating new business opportunities. The exhibition venue will also be catered to accommodate pre-invited customer meetings. During the exhibition, Hyundai Mobis will discuss business cooperation plans with key Japanese automakers, including Toyota, Renault Nissan Mitsubishi, and Honda. While this is the first time for Hyundai Mobis to be participating in a mobility-related event in Japan, the company has supplied products like lamps, chassis, and IVI products to local Japanese automakers in the past. In particular, in the first half of last year, Hyundai Mobis expanded its dedicated local customer organization and recruited two executives with automotive industry expertise to oversee business operations and orders within Japan. These experts have accumulated extensive experience and built networks in the Japanese automotive and component manufacturing industry, having worked in the field for nearly 40 years. The recruitment of these two professionals demonstrates how Hyundai Mobis has been building a strategic foundation to secure new business opportunities in Japan. In addition, the recent shift towards future mobility in Japan, exemplified by electrification, autonomous driving, and IVI, is being viewed as an auspicious opportunity for Korean automotive suppliers to sign with new business prospects. Hyundai Mobis intends to target Japanese automakers by offering customized solutions that combine core technologies in the field of future mobility with their existing expertise in component production. Starting with CES in the United States at the beginning of the year, Hyundai Mobis has been actively participating in major mobility events globally, including the IAA in Germany, the Detroit Auto Show in the United States, and now the Japan Mobility Show, in a concerted effort to strengthen its overseas market expansion and order acquisition. Hyundai Mobis recently achieved a significant success by securing a large-scale order with Volkswagen for core electrification components, further signaling a positive outlook towards achieving this year's overseas sales target of 5.36 billion dollars. Media Contact Jihyun Han: jihyun.han@mobis.co.krMyong Sun Song: sms@mobis.co.kr
BEIJING, June 28, 2023 /PRNewswire/ -- A report released by the United Nations in May raised this year's economic growth projections for China to 5.3 percent from 4.8 percent predicted at the beginning of the year. According to the World Bank, China's economy is expected to grow by 5.6 percent in 2023, an increase of 1.3 percent from the January projection. China's economy has continued to rebound and improve since the beginning of this year. "China has been the power source of the steady growth of the world economy in the past decade," Chinese Premier Li Qiang said at the opening ceremony of the Summer Davos Forum in north China's Tianjin Municipality on Tuesday. Highlighting that China's economy is deeply integrated with the world economy, Li said China develops itself in globalization and becomes the firmest force of maintaining globalization. China's economic vitality The better-than-expected performance of China's economic data has strongly boosted the confidence of the international market. In the first five months of this year, China's total import and export value was 16.77 trillion yuan (around $2.32 trillion), a year-on-year increase of 4.7 percent. Among them, exports were 9.62 trillion yuan, an increase of 8.1 percent and imports were 7.15 trillion yuan, an increase of 0.5 percent, according to the General Administration of Customs. With the connectivity of regional economic exchanges, China's imports and exports to other members of the Regional Comprehensive Economic Partnership (RCEP) agreement grew steadily in the first five months of 2023, reaching 5.11 trillion yuan, a year-on-year increase of 4.5 percent. "The Chinese economy still has huge potential," World Economic Forum President Borge Brende told CGTN. China is expected to achieve this year's economic growth target of around 5 percent, with the growth in the second quarter to surpass that in the first quarter, Li said at the forum. He highlighted that China will continue to provide strong dynamism to the world's economic recovery and growth, and provide opportunities for mutual benefit and win-win results for world investors. Recently, executives from many multinational corporations such as Apple, Tesla and BMW visited China to negotiate cooperation and look for business opportunities, showing confidence in China. As Allianz Group's Chairman and CEO Oliver Bate said when attending China Development Forum in March, the international community needs China more than ever. China is acting on the new development philosophy, fostering a new development paradigm at a faster pace, and working hard to achieve high-quality development, the premier said. Driving world economic growth The continuously optimized business environment is a key factor for China to continue to become a hot spot for foreign investment. According to a report released by the China Council for the Promotion of International Trade, 97 percent of the interviewed foreign companies rated the foreign investment policies issued by the Chinese government since the fourth quarter of last year as "satisfactory" or above. Satisfaction with indicators such as obtaining financial services, resolving commercial disputes and market access exceeded 80 percent. Moreover, Tesla has announced that it will increase investment in China and build a new mega factory in Shanghai, which will be dedicated to manufacturing the company's energy-storage product Megapack. France's Airbus announced to build a second production line in Tianjin. In April, German's Volkswagen announced that it will invest 1 billion euros in China to build a center for innovation, component procurement and research and development of electric vehicles. China stands ready to unswervingly uphold the market economy and support free trade to steer the world economy toward a more inclusive, resilient and sustainable future, the premier said. Calling on the international community to firmly oppose the politicization of economic and trade issues and jointly maintain the stability and unimpeded flow of global industrial and supply chains, Li hoped the fruits of economic globalization can benefit different countries and people in a more equitable manner. https://news.cgtn.com/news/2023-06-27/Premier-Li-China-will-continue-to-drive-global-economic-growth--1kYiF2MFgcw/index.html
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