Consumer

Alibaba's Double 11 Sales Set New Record of USD30.7 Billion

Alibaba's Double 11 Sales Set New Record of USD30.7 Billion

Alibaba Group Holding's shopping platforms Tmall and Taobao have beaten the lackluster market and sold more products than ever before during this year's edition of the Double 11 shopping festival.

Nov 12, 2018
Xu Wei
Tencent-Backed Shopping App Mogujie Seeks USD200 Million in Funds Via US IPO

Tencent-Backed Shopping App Mogujie Seeks USD200 Million in Funds Via US IPO

Chinese e-commerce platform Mogujie is aiming to raise up to USD200 million by going public in New York.

Nov 12, 2018
Zhang Yushuo
China Railway Adds Bullet Trains to Cope With Double Eleven Shopping Mania

China Railway Adds Bullet Trains to Cope With Double Eleven Shopping Mania

China Railway has increased the volume of its high-speed train cargo routes to meet the increased demand during the Chinese shopping festival Double Eleven.

Nov 12, 2018
Zhang Yushuo
Tmall Beats Last Year’s Double-11 Tally in Two Hours; Others Make Out Like Bandits

Tmall Beats Last Year’s Double-11 Tally in Two Hours; Others Make Out Like Bandits

The turnover of the 2018 Tmall Double-11 topped CNY168.2 billion (USD24.2 Billion) at 3.49 p.m., which was the entire transaction volume of its whole-day event last year.

Nov 11, 2018
Xu Wei
Tmall Trades USD1.4 Billion in Under Two Hours on China’s Online Shopping Fest

Tmall Trades USD1.4 Billion in Under Two Hours on China’s Online Shopping Fest

Tmall, the online retail marketplace under Alibaba Group Holding, traded over CNY100 Billion (USD14.4 billion) in one hour and 47…

Nov 11, 2018
Wang Hai
Excessive Plasticizers in Liquor May Scupper Shaanxi Xifeng’s USD220 Million IPO

Excessive Plasticizers in Liquor May Scupper Shaanxi Xifeng’s USD220 Million IPO

Excessive plasticizing additives found in a spirit produced by Shaanxi Xifeng Liquor Group, once one of China’s most famous…

Nov 9, 2018
Liao Shumin
Starbucks Raises Prices in China as Hot Competition Slashes Sales

Starbucks Raises Prices in China as Hot Competition Slashes Sales

US coffee chain Starbucks has increased its prices in China's mainland for the first time in more than two-and-half years,…

Nov 8, 2018
Zhang Yushuo
Chinese Consumers Miss Out on USD8.3 Million in Yearly Returns Due to Idle Funds, Tencent Finds

Chinese Consumers Miss Out on USD8.3 Million in Yearly Returns Due to Idle Funds, Tencent Finds

Some CNY1.5 trillion (USD220 billion) sits idle among Chinese individuals, states a Tencent-backed report wealth management report, costing the would-be…

Nov 8, 2018
Zhang Yushuo
Alibaba Signs Up World's Largest Meat Processor With E-Commerce Deal

Alibaba Signs Up World's Largest Meat Processor With E-Commerce Deal

Alibaba has agreed a deal with JBS, the biggest meat processor globally, to provide e-commerce and supply chain services as…

Nov 8, 2018
Zhang Yushuo
Foxconn Denies Recruiting Chinese Staff for US Factory

Foxconn Denies Recruiting Chinese Staff for US Factory

Foxconn Technology Group, the world’s largest contract electronics maker, has denied reports that it is looking to hire Chinese engineers at its Wisconsin factory.

Nov 8, 2018
Zhang Yushuo
Oppo to Hit UK Market With First European Design Center in London

Oppo to Hit UK Market With First European Design Center in London

Oppo Electronics will build a design center in London, which is the only such lab besides its hometown in southern…

Nov 7, 2018
Zhang Yushuo
Global Drones Output to Be Worth Over USD400 Billion in Decade, Chinese Jet Maker Says

Global Drones Output to Be Worth Over USD400 Billion in Decade, Chinese Jet Maker Says

The global drones market will keep on growing at a promising rate, according to a Chinese state-owned aerospace firm.

Nov 7, 2018
Zhang Yushuo

Pages