Archive for Business/Industry

China becomes world’s second-largest vineyard area

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CHINA HAS OVERTAKEN France to become the world’s second-largest vineyard area. The announcement comes as Chinese domestic demand for wine from the burgeoning middle class continues to grow. Whilst Spain continues to lead in overall area of land devoted to vineyards with 1.02 million hectares, China has 800,000 hectares (1.9m acres). France is now the […]

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JD Worldwide platform to compete with Alibaba’s Tmall

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CHINA’S SECOND LARGEST e-commerce company, JD.com, has launched its new foreign products platform, JD Worldwide, in an attempt to compete with Alibaba’s Tmall Global site. China’s cross-border e-commerce retail market is expected to reach Rmb1.8tr by 2020, with a rising annual growth rate of 52% from 2014 to 2020. Following recent government policies to promote e-commerce, […]

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Segway bought by rival firm Ninebot

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THE COMPANY KNOWN for its two-wheeled self-balancing electric vehicles, Segway, has been bought by its competitor Chinese firm, Ninebot, for an undisclosed sum. Ninebot, which makes vehicles of a similar appearance to Segways, began operating in 2013 and was funded through crowdsourcing. As well as its two-wheeled vehicle which retails for US$2,700 to US$3,700, Ninebot […]

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Royal Mail to deliver UK products via Tmall store

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ROYAL MAIL, THE recently listed British postal company, has announced that it will set up a store on Alibaba’s Tmall site. The news comes following the announcement by Amazon that it will launch its own store on Tmall, as well as maintaining its own Amazon.cn website. Alibaba’s Tmall Global (Tmall.com) connects 302 million online Chinese […]

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Space-age New Silk Road to be underpinned by fibre-optics

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THE DEVELOPMENT OF China’s New Silk Road initiative has been boosted by the plans for satellite receiving stations, and the expansion of fibre-optic cables along the route. Presented as China’s outward investment programme since Xi Jinping’s speeches on regional development in 2013, the New Silk Road continues to receive significant coverage in China. There are […]

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Will Apple Watch ignite China’s smart wearable industry?

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THE RELEASE OF Apple’s latest product – Apple Watch – continues to grab headlines in the Chinese media. People are excited to see this innovation which combines advanced technology and craftsmanship. As for China’s smart wearable industry, the launch of Apple Watch may be able to give a boost to this developing market. In keeping […]

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Amazon sets up shop in Alibaba’s Tmall

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US E-COMMERCE GIANT Amazon has announced the launch of a virtual storefront on Alibaba’s B2C e-commerce site Tmall. The Tmall store is Amazon China’s direct import business, which primarily covers food, women’s shoes, toys, maternity goods and kitchenware. Amazon’s Tmall store The store, which is set to officially launch in April, aims to provide premium […]

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Yiwu to Madrid, the world’s longest train journey

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CHINA HAS PLAYED a significant role in sending goods by rail from Yiwu to Madrid, the world’s longest train journey. The feat came during the same week as a new high-speed railway line opened between Shanghai and Guangzhou. Called “Yixinou”, the train carrying 40 containers left Yiwu on 18th November, and arrived in Madrid on […]

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Alibaba bringing e-commerce to the New Silk Road

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ALIBABA, China’s E-COMMERCE pioneer that raised US$25bn when it listed on the NYSE in September 2014, has announced plans to gain a strong position on the New Silk Road. Signing agreements with Gansu province, Ningxia province and Xinjiang autonomous region, Alibaba intends to continue its reach across China’s e-commerce market. The plans also involve cloud […]

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