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could open up new prospects for medical research.Huawei’s Ren named China’s most influential business leader
The 74-year-old Ren Zhengfei, founder and CEO of Huawei Technologies, is the most influentia
l business leader in China, according to the latest ranking released by business magazine Fortune’s Chinese edition.
Pony Ma Huateng, founder and CEO of tech giant Tencent, came i
n second followed by Chen Dongsheng, founder, chairman and CE
O of Taikang Insurance Group. Alibaba chairman Jack Ma grabbed fourth place this year.
These business leaders’ values were not only reflected in the successful m
oments of their companies, but also, most importantly, in their willingness to face challen
ges as well as help their company through a crisis, find new direction and stride for the next success, Fortune China said.
accelerating its transition from high-speed growth to high-quality develo
pment, as its economic structure continues to upgrade, and new momentum sustains remarkable growth.
China has adopted a proactive fiscal policy this year with greater intensity and enhanced efficiency, rolling out substa
ntial tax cuts and fee reductions, and its economic growth in the first quarter has gotten off to a good start, Liu said.
The minister said his country will continue to significantly relax ma
rket access, enhance the protection of intellectual property rights, and carry out larg
er-scale tax cuts and fee reductions, so as to create a more attractive investment and business environment.
On the sidelines of the Development Committee meeting, Liu met with David Malpass, the new World Bank president, as scheduled.
y budget to launch my collection at New York Fashion Week in February. Thank
fully, Lane Crawford and Labelhood provided me with support to showcase my coll
ection again at SFW. These two companies have been providing many opportunities for new designers to exh
ibit their works to the world,” says Hu, who graduated from Central Saint Martins and the Parsons School of Design.
“I never imagined that I would get so much attention for my first col
lection. Many top publications, such as Vogue and i-D magazine, professionals and buyers c
ame to view my collection. It surprised me that they aren’t ignoring new Chinese designers.”
Hu, who boasts experience working for major labels such as Tory Burch, DKNY and Alexander Wa
ng, adds that it is clear Chinese designers are now making a bigger impact in the global fashion scene than ever before.
“Some of my designer friends such as Angel Chen are active in diff
erent fashion weeks, receive support from intern
ational organizations and have even been nominated for many design awards,” she says.
Yang Guidong, who founded his Samuel Gui Yang label in 2015, shar
ed the same sentiment. It was the fifth time he was showcasing his creations at SFW.
Firm likely to be largest smartphone vendor in the world by end of this year
Huawei Technologies Co said on Thursday that it aims to grow the revenue of its consumer business group, which chiefly includes
smartphones and personal computers, to $100 billion in three years and to $150 billion in five years.
The announcement came after the company’s consumer busin
ess group posted $52.5 billion in revenue last year, up 45 percent year-on-year. Th
at also marked Huawei achieving the target of $50 billion two years ahead of schedule.
Yu Chengdong, CEO of Huawei’s consumer business group, said five years later, smartphone
s will account for about two-thirds of its $150 billion revenue goal, and computers, smartwatches as well as oth
er internet of things devices are likely to account for about one-third or 40 percent of its CBG revenue.
According to Yu, Huawei is likely to become the largest smartphone vendor by the end of this year at the earliest, althoug
h its products are not available in the United States and South Korea due to “nonmarket factors”.