Several foreign companies have recently released their financial reports, with China's contribution in the spotlight. The growth reflected the enormous potential and attractiveness of the Chinese market, as well as the country's continued opening-up, experts said.
Starbucks China on Wednesday announced its third-quarter results, revealing net income of $733.8 million, up 5 percent quarter-on-quarter.
During the reporting period, which ended on June 30, Starbucks opened 213 new stores, a year-on-year increase of about 13 percent. It has 7,306 stores in more than 900 county-level markets in China and it expects to have record-breaking new store openings in the current fiscal year, the Global Times learned from the company.
US chipmaker Qualcomm recorded more than 50 percent year-on-year revenue growth from Chinese smartphone makers in the April-June quarter, driven by artificial intelligence (AI) features, the Nikkei reported.
Growing demand for AI features in smartphones fueled sales, the US chipmaker said on Wednesday, the Nikkei reported.
Qualcomm CEO Cristiano Amon said during an earnings call that he expected several Chinese handset makers to launch flagship phones with AI features soon.
McDonald's CEO Chris Kempczinski confirmed during a conference call on Monday that the company is on track to open 1,000 new restaurants in China this year and the returns from new stores are good.
