Cambridge, Mass., Feb. 24, 2015, — WuXi AppTec (NYSE: WX), a leading open-access R&D capability and technology platform company serving the pharmaceutical, biotechnology and medical device industries with operations in China and the United States, today celebrated the grand opening of its innovation hubnetwork office in Cambridge, Massachusetts.
Dennis Benzan (second from right), Vice Mayor of Cambridge, helps cut the ribbon(photos by Menglei Han).
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Tag: Business
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WuXi AppTec Opens Office in Cambridge, Mass.
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Chinatown Main Street Celebrates 20th Anniversary, Hosts Chinese New Year Cultural Village
By Victor Chen, bostonese.com
Boston, Feb. 20, 2015, — Chinatown Main Street (CMS) 20th Anniversary fundraising gala was recently held in Boston Chinatown. Over $30,000 donation was raised during the banquet and about 300 guests enjoyed an evening of fine dining and performances by local dance and Kung Fu groups.
(from left)Boston City Councilor Ayanna Pressley, State Rep. Aaron Michlewitz and CMS President Tony Yee cut the 20th anniversary cake(photo by Victor Chen).
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Hainan Airlines to Start Nonstop Flights from Boston to Shanghai on June 20
Boston, Feb. 19, 2015, — Governor Charlie Baker, the Massachusetts Port Authority and Hainan Airlines today announced an expansion of China’s only certified Skytrax® five-star airline service from Logan International Airport with Boston becoming Hainan’s first US city with service to Shanghai.
Picture of crew of Hainan Airlines(provided to bostonese.com).
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Chinese Company to Help Modernize Aging MBTA Fleet
Beijing, Feb. 12, 2015, /China Daily/ — Chinese high-speed train companies are eying more contracts in overseas markets.
“The US will be the next strategic focus for us, after successfully winning the Boston contract,” Yu Weiping, vice-president of China CNR Corp, told China Daily on Wednesday.
The modern CNR trains will be a significant upgrade to MBTA’s aging fleet that has had multiple breakdowns in recent snowstorms (file photo).
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Governor Baker Declares Valentine’s Week as MBTA Shutdown on Sunday
Boston, Feb. 13, 2015, — Today at the State House, Governor Charlie Baker announced that due to the unprecedented snowfall and historic winter conditions impacting the Commonwealth’s economy, next week shall be declared “Valentine’s Week” to boost business for local retailers, restaurants and small businesses. Joined by Housing and Economic Development Secretary Jay Ash and local business owners, the Governor signed an official proclamation declaring “Valentine’s Week” will be recognized statewide from February 14th-February 21st to promote patronage to stimulate the economy despite the difficult winter weather that has reduced traveling and restricted business.
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2015 Chinese New Year Gala Features Star-studded Lineup
By Victor Chen, bostonese.com
Boston, Feb. 10, 2015, — The New England Chinese Professionals 2015 Chinese New Year Gala is co-organized by 16 New England Chinese-American professional associations. It will be held on Feb 21 from 1:00 -11:00 PM at Boston Marriott in Newton, Mass. The cultural performances in the evening feature some of the best performers in music, dance and arts locally and internationally.
Boston Kongfu group led by International Kung Fu star Xiaoyi Chen.
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Qualcomm Fined $975m by China’s National Development and Reform Commission
SAN DIEGO, Feb. 9, 2015 /PRNewswire/ — Qualcomm Incorporated (QCOM) today announced that it has reached a resolution with China’s National Development and Reform Commission (NDRC) regarding the NDRC’s investigation of Qualcomm under China’s Anti-Monopoly Law (AML). The NDRC has issued an Administrative Sanction Decision finding that Qualcomm has violated the AML. Qualcomm will not pursue further legal proceedings contesting the NDRC’s findings. Qualcomm has agreed to implement a rectification plan that modifies certain of its business practices in China and that fully satisfies the requirements of the NDRC’s order. Although Qualcomm is disappointed with the results of the investigation, it is pleased that the NDRC has reviewed and approved the Company’s rectification plan. The following are the key terms of the rectification plan:
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Blackstone’s Schwarzman on Collaboration with China
By “Dr. Tea”, CEO of Mylovetea Company
Cambridge, Mass., Feb. 2, 2015, — Stephen Allen Schwarzman, chairman and CEO of the Blackstone Group, visited Harvard University and gave his speech at the Science Center on his company and their collaboration with China, especially the Anbang Group. The personal fortune of Mr. Schwarzman is estimated to be $10.8 billion and ranked at 122nd on the World’s Billionaires List by Forbes.
Mr. Schwarzman graduated from Yale and don’t known much about the Harvard campus. I gave him a tour. He joked he was not smart enough to get into Harvard and he went to Yale when he was 18. He contacted Harvard Dean of Admission and yet the Dean said Yale was pretty good too. Stephen said, later on, the Dean felt regretful for not enrolling him to Harvard though. Also, he felt more excited to run a company than a school. However, he said: “never stop learning!”
“Dr. Tea”(left) with Mr. Schwarzman.
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Amazon Reports Record Sales in 4Q 2014
SEATTLE–(BUSINESS WIRE)–Jan. 29, 2015– Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its fourth quarter ended December 31, 2014.
Operating cash flow increased 25% to $6.84 billion for the trailing twelve months, compared with $5.47 billion for the trailing twelve months ended December 31, 2013. Free cash flow decreased to $1.95 billion for the trailing twelve months, compared with $2.03 billion for the trailing twelve months ended December 31, 2013.
Amazon Employee picking with robot Kiva at its warehouse (file photo).
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IBM May Begin Largest Layoffs in History
By Victor Chen, bostonese.com
Boston, Jan. 24, 2014, –In his column Next Week’s Bloodbath At IBM Won’t Fix The Real Problem in forbes.com, long-time silicon valley journalist Robert X. Cringley said he learned about the Project Chrome, the largest “transformation” in IBM’s 103-year history around Christmas time. He suggested that over 26% of over 400,000 IBM employees worldwide could be notified the layoffs starting the week of January 26.
China Press’ report of IBM’s Centennial Celebration in June 2011(file photo).
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