China Daily (Canada) - - SHANGHAI -

The Walt Disney Com­pany on Nov 11 re­ported fourth quar­ter earn­ings of $55.632 bil­lion, an in­crease of 6 per­cent from last year. The com­pany also re­vealed that its net prof­its for 2016 is $9.391 bil­lion, a year-on-year in­crease of 12 per­cent. Chris­tine McCarthy, chief fi­nan­cial of­fi­cer of Disney, said that the ex­cel­lent per­for­mance of Shang­hai Disney Resort, which wel­comed 4 mil­lion visitors in the last four months, has par­tially off­set the lower earn­ings from Dis­ney­land Paris. The com­pany said that Shang­hai Disney Resort’s fis­cal re­sults in the last quar­ter have ex­ceeded ex­pec­ta­tions and it hopes that it can achieve bal­anced re­sults for fis­cal year 2017.

The 13th Shang­hai In­ter­na­tional In­tel­lec­tual Prop­erty Fo­rum, co-or­ga­nized by the city govern­ment and the World In­tel­lec­tual Prop­erty Or­ga­ni­za­tion, was in­au­gu­rated in Shang­hai on Nov 17. Of­fi­cials and ex­perts from world or­ga­ni­za­tions and more than 50 coun­tries and districts took part in dis­cus­sions re­lated to the theme “re­spect­ing in­tel­lec­tual prop­erty, en­cour­ag­ing in­no­va­tion and cre­ativ­ity”. Yang Xiong, mayor of Shang­hai, stressed that in­tel­lec­tual prop­erty is an im­por­tant en­gine in ad­vanc­ing in­no­va­tion and that Shang­hai is aim­ing to be­come an in­tel­lec­tual prop­erty pow­er­house by deep­en­ing re­forms in key ar­eas to es­tab­lish an IP ecosys­tem con­sis­tent with in­no­va­tion-driven devel­op­ment.

Didi Chux­ing an­nounced a strate­gic co­op­er­a­tion with Avis Bud­get Group, the world’s best­known car rental com­pany. Didi said that it would work with Avis to of­fer car rental ser­vices for Chi­nese Didi App users in nearly 175 coun­tries and districts. It is un­der­stood that Didi would be pro­vid­ing plat­form ser­vices while Avis Bud­get would pro­vide the rental cars and man­age claim set­tle­ment ser­vices. Didi also re­vealed that this off­shore car rental ser­vice will be avail­able be­fore the end of fis­cal year 2016. Didi and Avis have also agreed to share their prod­ucts, tech­nolo­gies and lo­cal busi­ness re­sources to make cross-bor­der car rental ser­vices eas­ier and more ac­ces­si­ble to Chi­nese users.

The Shang­hai Mu­nic­i­pal Ed­u­ca­tion Com­mis­sion re­leased a re­port de­tail­ing the em­ploy­ment sit­u­a­tion of vo­ca­tional school grad­u­ates in Shang­hai. It re­vealed that the em­ploy­ment rate of grad­u­ates of 79 full-time vo­ca­tional schools in 2016 has reached 98.26 per­cent, a 0.13 per­cent in­crease from last year. The av­er­age start­ing salary for these grad­u­ates has also in­creased from 2,786 yuan ($403) in 2015 to 3,061 yuan this year, with 36 per­cent of grad­u­ates earn­ing salaries above 3,001 yuan. There are cur­rently 15,727 grad­u­ates who are en­rolled in higher ed­u­ca­tion in­sti­tutes, with the ad­mis­sion rate at 47.02 per­cent.

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