Group 1: DNV Group in China - DNV Group considers China as one of its most important regions globally, with the Chinese market accounting for approximately 28% of DNV's global business [2] - DNV operates five companies in China, with DNV (China) Ltd. serving as the headquarters, providing inspection and consulting services for new shipbuilding and offshore units [4] - DNV has issued over 8,000 certificates globally, with more than 6,000 certificates issued in China, serving various industries including automotive, aerospace, energy, and food [5] Group 2: Future Developments and Innovations - DNV is involved in around 30 joint development projects annually in China, focusing on new ship types and transformation solutions, particularly in the LNG shipbuilding sector [6] - The company has seen a nearly 30% increase in employee numbers over the past five years and emphasizes the training of local talent [6] - DNV aims to leverage Shanghai's advantages to enhance research and development in artificial intelligence, digital solutions, and alternative fuel technologies [6] Group 3: L'Oréal's R&D Center in China - L'Oréal's R&D center in Shanghai has become the largest and most comprehensive globally, with over 400 scientists and 372 patent applications expected in 2024 [7][10] - The center focuses on providing solutions for skin issues and benefits from Shanghai's thriving e-commerce ecosystem and digitalization [10] - L'Oréal is committed to investing in China, recently partnering with Veminsyn to develop innovative bioactive ingredients and launching a skin health management innovation center [11]