China News Direct

 
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Groupon sales rise amid competition
(Apr 05, 2013) BEIJING - Despite stellar growth in groupon sales in China in the first two months of the year, only about 20% of groupon companies have survived. In January and February 2013, groupon sales of all major groupon companies broke RMB4.3 billion, of which sales broke the record in January with ...
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March PMI points to warming Chinese economy
(Apr 09, 2013) BEIJING - Official PMI figures staying above 50 for six consecutive months ended this March have reaffirmed the steady warming of the Chinese economy, pointing to increased export orders and better sales. The PMI announced by China Federation of Logistics and Purchasing (CFLP) rose 0.8 percentage points to land at ...
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AliExpress breaks record in cross-border sales
(Apr 02, 2013) SHENZHEN - Chinese e-commerce platform AliExpress staged a 3-day sales carnival in March, transacting 800% to 1000% more values of merchandise and breaking the single-day sales record. Run by Alibaba, AliExpress registered the record-breaking transaction value this March, signing up more than 20,000 buyers around the world for the online ...
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Business integrity in black and white
(Mar 27, 2013) SHANGHAI - Shanghai is busy preparing the launch of a business integrity index that will reflect its improving commercial environment and its value of protecting consumer interest. Shanghai brainstormed the release of the business integrity index last year and since then, it has done much work to incorporate integrity in ...
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Heilongjiang redefines food sales and distribution
(Mar 19, 2013) HARBIN, Heilongjiang - The northeast province of Heilongjiang aims to double the sales of organic and green food in other Chinese provinces and cities to a value over RMB68 billion, bringing green food to the affluent Pearl River Delta and Yangtze River Delta. Heilongjiang has opened 30 outlets and exhibition ...
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Retailers' search of online success
(Mar 25, 2013) SHANGHAI - Selling imported products online or via mobile devices seems to be a recipe for many Chinese retailers tenacious of making a profit. The biggest internet supermarket in China, Yihaodian based in Shanghai, announced a 250% increase in sales revenue in 2012. Among all products, the sales of imported ...
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Wuhan, Hubei to build world-class logistic centre
(Mar 20, 2013) WUHAN, Hubei - Gazeley of the UK will build an international air cargo logistic port in Wuhan, Hubei province, bringing world-class consolidated logistic services to central China. The logistic park, Wuhan's Jiangnan International Aviation Logistic Park, will be near Wuhan's second airport, Jiangxia Shanbo Airport which will be a cargo ...
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China Development Bank expands in Chongqing's loan market
(Mar 07, 2013) CHONGQING - China Development Bank (Chongqing) will support a small loan company in Chongqing's Yongchuan District in developing loan guarantee business for farmers, individual business operators and small companies. In the alliance, China Development Bank (Chongqing) has provided a loan of RMB160 million to the small loan company, Yongchuan Huiheng ...
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Shanghai's e-commerce on the rise
(Mar 13, 2013) SHANGHAI - The traditional manufacturing base around Shanghai and retailers' branching out online have brought Shanghai's e-commerce transactions to a value of RMB700 billion, and even brighter days are waiting ahead. The value of e-commerce transactions staged an average yearly growth of 23% in Shanghai from 2007 to 2011, and ...
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Shanghai values high-end services
(Mar 15, 2013) SHANGHAI - Shanghai will need to find growth in high-end services and production services if it is to brew 10% more of GDP from the tertiary industry. In 2012, Shanghai produced 60% of GDP growth from the tertiary industry, meaning for every RMB10 of GDP the city generated, RMB6 came ...
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