China News Direct

 
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Sweets of success in China's cross-Strait trade, from Fujian to Jiangsu
(Jun 17, 2013) SUZHOU, Jiangsu - Taiwanese companies have invested hundreds of billions of US dollars in China's Jiangsu province which is capturing investors' money for its technology industries and services such as retailing and healthcare. However, Taiwanese investors in Fujian province are not staying behind especially after the mainland Chinese government has ...
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Groupon sales to break RMB3bn in China
(Jun 19, 2013) BEIJING - Groupon sales are expected to go up to RMB3 billion a month in China soon and they are projected to trend up, buoyed by frequent use of mobile phones and mobile internet, according to AliResearch. In March, groupon sales value reached its peak of RMB2.34 billion in China ...
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Chongqing issues policy to stir online retail sales
(Jun 04, 2013) CHONGQING - The municipal government of Chongqing has released a policy note to drive the development of online retailing, hoping to have 10% of retail sales of consumer goods done online by 2015. Chongqing expects to aggregate an online retail industry valued at RMB100 billion, of which about RMB60 billion ...
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Half of China's retail growth comes online
(Jun 06, 2013) Beijing - Online retailers including Tmall and Amazon China are included in China's top 100 retailers for the first time to reflect their influence, shaping a consumption market which will never be the same again. China General Chamber of Commerce (CGCC) has issued the China's Top 100 Retailers Development Reading ...
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Shanghai Fisheries and One Mall in e-commerce alliance
(May 30, 2013) SHANGHAI - Shanghai Fisheries General Corp. (Group) (SFGCG) has formed a business alliance with retailer One Mall (1mall.com) to sell aquamarine products online, bringing fresh or even live seafood to consumers in 24 hours. The alliance is a breakthrough for Shanghai which now possesses a strong network of e-commerce and ...
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Alibaba: Small businesses took out RMB11bn loans online
(May 21, 2013) SHENZHEN - A small business e-commerce financing report issued by Alibaba Group for the first quarter shows that online financing among entrepreneurs, micro and small companies have rocketed sharply in many major cities in China. Alibaba is providing unsecured trade loans and credits to entrepreneurs, micro and small companies that ...
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E-commerce flows free between Fujian and Taiwan
(May 23, 2013) FUZHOU, Fujian - E-commerce flows widely between Fujian and Taiwan as more than 30 e-commerce companies have joined the Cross-Strait E-commerce Industry Base set up in Fuzhou, offering one-stop online purchasing, payment and logistic services for consumers on the two shores. The Cross-Strait E-commerce Industry Base, a major e-commerce platform ...
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Shanghai Duoyunxuan opens art auction house in Taiwan
(May 20, 2013) SHANGHAI - China's first art auction house Shanghai Duoyunxuan opened an office in Taipei, Taiwan yesterday, moving on to open more offices in the US and Canada. The office in Taipei will be Duoyunxuan's platform to strengthen art collection, publishing, research and study, and exchange of cultural and art products ...
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Suzhou, Jiangsu new to financial leasing
(May 27, 2013) SUZHOU, Jiangsu - Suzhou will have its own financial leasing company Suzhou Ronghua Financial Leasing Co. Ltd. which will provide financial leasing, loan guarantee, lending and investment services to medium-sized companies in the city. In this May, Suzhou Ronghua Financial Leasing signed a credit facility of RMB1 billion with six ...
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Shanghai Bailian makes long-term gains from Outlets
(May 29, 2013) SHANGHAI - The immense wealth in e-commerce has not deterred Shanghai Bailian Group from opening three to four more outlets in China this year, aiming at a sales turnover of RMB10 billion in 2015. In late June, Bailian will open Bailian Outlet in Shuofang in suburban Wuxi, Jiangsu province. The ...
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