Consumer

Spicy Crayfish Selling Platform Hot & Hot Raises USD21 Million in Banyan Capital-Led Funding Round

Spicy Crayfish Selling Platform Hot & Hot Raises USD21 Million in Banyan Capital-Led Funding Round

Hot & Hot, an online spicy crayfish and prepared food selling platform operated by Spicespirit.com, raised USD21 million (CNY140 million)…

Aug 22, 2017
Chen Juan
China’s WiFi Is Slowest Among Asia’s Busiest Airports

China’s WiFi Is Slowest Among Asia’s Busiest Airports

China’s largest airports have the slowest internet speeds among Asia’s 10 busiest airports, per data from Speedtest.com.

Aug 22, 2017
Chen Juan
China’s Young Well-Educated Women Purchase Luxury Goods Online in Droves, Report Shows

China’s Young Well-Educated Women Purchase Luxury Goods Online in Droves, Report Shows

The lion’s share of those purchasing luxury goods online in China are young well-educated women, and consumers under 30 and…

Aug 22, 2017
Chen Juan
Intercontinental Hotels' Financial Statements Show Outperformance in Greater China

Intercontinental Hotels' Financial Statements Show Outperformance in Greater China

InterContinental Hotels Group PLC [LONDON:IHG] outed its core financials for the second quarter and the first half showing impressive performance in Greater China.

Aug 22, 2017
Chen Juan
Uber Ups Minimum Fares by as Much as 80% in Hong Kong

Uber Ups Minimum Fares by as Much as 80% in Hong Kong

Ride-hailing platform operator Uber Technologies Inc. said yesterday that it hiked its minimum fares in Hong Kong by as much as 80 percent, adding that it does not have financial problems there.

Aug 22, 2017
Chen Juan
China’s Food Delivery Market Turnover Will Reach USD30.7 Billion This Year, Report Says

China’s Food Delivery Market Turnover Will Reach USD30.7 Billion This Year, Report Says

China’s food delivery market turnover will reach USD30.7 billion (CNY204.6 billion) this year, marking an annual increase of 23.1 percent,…

Aug 22, 2017
Chen Juan
Great Wall Motor Confirms It Intends to Acquire Jeep, Suspends Trading of Shares

Great Wall Motor Confirms It Intends to Acquire Jeep, Suspends Trading of Shares

Great Wall Motor Co. [SHA:601633; HK:2333] confirmed earlier reports about the company’s intention to acquire Fiat Chrysler Automobiles’ Jeep, as…

Aug 22, 2017
Zhang Xia
Moutai Prices Are Still on the Rise, Speculative Stockpiling Is Suspected

Moutai Prices Are Still on the Rise, Speculative Stockpiling Is Suspected

As the Mid-Autumn Festival nears, the price of 53 Degrees Flying Moutai liquor (the best-selling Moutai product) which was previously priced at USD195 (CNY1,299) by its distiller Kweichow Moutai…

Aug 21, 2017
Shen Weijia
Chinese Fine Chemical Maker to Invest USD75 Million in Production Base Near Chengdu

Chinese Fine Chemical Maker to Invest USD75 Million in Production Base Near Chengdu

Chinese fine chemicals producer Suzhou Crystal Clear Chemical Co. [SHE:300655] will invest CNY500 million (USD74.9 million) to build a new…

Aug 21, 2017
Tang Shihua
Nanxing Machinery Plans to Acquire 100% Stake in Integrated Internet Services Provider in Guangdong

Nanxing Machinery Plans to Acquire 100% Stake in Integrated Internet Services Provider in Guangdong

Nanxing Machinery Co. [SHE:002757], which produces equipment for manufacturing plate furniture, will acquire all the equity of Guangdong Weiyi Network…

Aug 21, 2017
Tang Shihua
Yaxiang System Integration Technology Wins Bid for USD115 Million 12-Inch Wafer Project in Hefei

Yaxiang System Integration Technology Wins Bid for USD115 Million 12-Inch Wafer Project in Hefei

Yaxiang System Integration Technology (Suzhou) Co. will take part in the construction of semiconductor firm Hefei Chang Xin Integrated Circuit…

Aug 21, 2017
Tang Shihua

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