China’s supermarket chain retailer Wumart Group and Norway’s Arctic Green Seafood signed a strategic deal during the Norway-China Business Summit 2017. For the next…
India Gains Second Factory From China’s Xiaomi
China-based Xiaomi is extending its reach further into the Indian market with additional manufacturing strength. Xiaomi has cooperated with Foxconn in the building of…
85% of Indian Staff To Lose Jobs At China’s LeEco
China-based LeEco is slashing its workforce in neighboring India. Atul Jain, LeEco’s chief operating officer of smart electronic product business, and Debashish Ghosh, LeEco’s…
Alibaba Reaches New Deal With Mattel
California-headquartered American toy giant Mattel announced a deal reached with China’s Alibaba Group. Combining Mattel’s brand awareness and professional technologies in the global toy…
China Imported 1.956 Million Tons Of Dairy Products In 2016
China imported 1.956 million tons of dairy products during the entire year of 2016, a year-on-year increase of 21.4%, according to a report from…
Tiantian Express Sells To Rival In China
With the rise of more e-commerce merchandise being shipped around the company, China’s logistics firms have been growing quickly. Now a logistics subsidiary of…
China Suspends Foresea Life From Selling Controversial Insurance Products
China Insurance Regulatory Commission has suspended Foresea Life Insurance, a unit of financial conglomerate Baoneng Group, from selling “universal life” …
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Ex-Manager At Alibaba’s Online Ticket Unit Taken By Police On Bribery Charges
An ex-executive at Alibaba Pictures’ online ticket booking unit Taopiaopiao has been taken by police on alleged bribery charges, Chinese media reported. The arrest of Kong Qi, former vice-president and general manager of Taopiaopiao, seems to have taken place a while back. Kong left Taopiaopiao after the unit raised a RMB1.7 billion (US$260 million) series […]
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Chinese Official Warns Disastrous Impact From Domestic Venture Fund Explosion
The enormous growth in the number of Chinese venture funds, against the backdrop of a cooling investment market, could potentially bring disastrous impact to venture investing and start-ups in the country, a senior Chinese official warned. The number of venture capital funds in China has more than doubled to 1,216 at the end of October, […]
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Coca-Cola To Sell Chinese Bottling Business
Coca-Cola has entered into an agreement to divest its bottling assets in China for CNY5.87 billion, which is about USD852 million. The agreement was…