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CHINA

December 31st, 2018 Consumers in China are increasingly opting for smart and quality products online as robots and imported goods are gaining popularity as stated by a report. The report was announced by e-commerce giant Alibaba's Taobao village and think tank Aliresearch. It showed the consumption trend in the first 11 months of 2018 in the nearly...
CHINA

December 29th, 2018 China has announced its list of the most innovative companies in the country and Huawei was ranked first among the most innovative company in China, followed by Alibaba and Xiaomi, in a list published by Fortune China. The Chinese-language edition of Fortune released its ranking of "China's most innovative companies for 2018" on...
CHINA

December 26th, 2018 China has become an integral part of the growth plans of many US businesses, not just because of its sheer size but also due to its strategic importance. "China is actually becoming the leader in many markets and technologies that we are interested in," said Shafer, referring to digital platforms in China that help companies engage...
CHINA

December 25th, 2018 China plans to build 212 national logistic hubs and form a national logistics hub network in line with the advanced economic system by 2035. About 30 hubs will be established by 2020 and another 150 will be built by 2025, reducing the ratio of total logistics expenses to GDP to about 12 percent, according the overall arrangement and...
CHINA

December 24th, 2018 China's top economic planner has pledged to strengthen the advanced manufacturing sector and foster a stronger domestic market amid efforts to stabilize economic growth. He Lifeng, head of the National Development and Reform Commission, said China will narrow the gap in major technical equipment capabilities to tap into the huge...
CHINA

December 22nd, 2018 China's digital economy hit 16 trillion yuan ($2.3 trillion) in the first six months of 2018, which accounted for 38.2 percent of the country's overall GDP growth. Lu Chuncong, director of the academy, said despite booming growth, China's digital economy suffers from unbalanced and inadequate development. Data shows that in 2017 the...
CHINA

December 21st, 2018 A second-tier Chinese smartphone company Gionee, which owes 20.2 billion Chinese Yuan (nearly $3 billion) to648 creditors, has officially filed for bankruptcy.According to the reports, a court in Shenzhen has accepted the Gionee application for liquidation bankruptcy. It had been stated that the founder of Shenzhen-basedGionee...
CHINA

December 20th, 2018 China based fresh grocery e-commerce company Yiguo Group has announced the launch of an order-based tracking system to increase the transparency of fresh food logistics and food safety. To solve the problems confronting the nation's fresh grocery market, including lack of standards, short shelf life and high reliance on cold chain,...
CHINA

December 17th, 2018 Bank of China has signed a strategic cooperation agreement with the All-China Federation of Industry and Commerce to further expand financing channels for private companies, especially small businesses, to expand their footprints globally. "As part of BOC's efforts to support private companies, the strategic cooperation will help the...
CHINA

December 15th, 2018 The BMW-owned car-sharing service called ReachNow has reportedly launched a ride-hailing service in Chengdu, capital of Southwest China's Sichuan province, on Friday. The move makes BMW the first foreign enterprise given the green light for online ride-hailing operation in China. Aiming at the huge high-end online car-hailing...
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