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Shanghai Daily,上海日报
Latest news:

Consumer


Eyewear giants in US$49b merger

Sunglasses from Ray Ban, a Luxottica-owned brand, are on display at a shop in Hanau, Germany. Italy’s Luxottica and France’s Essilor have agreed a 46 billion euro (US$49 billion) merger to create a global powerhouse in the eyewear industry, they said in a statement yesterday. The new company will have annual revenue of more than 15 billion euros. ...

January 17, 2017, Tuesday


Alibaba in tie-up to fight fakes

ALIBABA Group said yesterday that it will team up with international brands and local authorities in an alliance to fight counterfeits after its Taobao unit was put back on the US “notorious markets” ...

January 17, 2017, Tuesday


Promoting tourism

CHINESE lifestyle and local services platform Meituan-Dianping and UK-based Merlin Entertainments sealed a strategic agreement to sell tickets online and promote domestic and overseas tourist attractions ...

January 13, 2017, Friday


Firms eye M&As via tobacco JV

Britain’s Imperial Brands, the world’s fourth-biggest tobacco company, has moved to gain a foothold in the largest cigarette market through a joint venture with state-owned China National Tobacco (CNT...

January 12, 2017, Thursday


JV set up to treat lymphoma in China

Fosun Pharma will set up a joint venture with Nasdaq-listed Kite Pharma to develop and commercialize T-cell immunotherapy-based cancer treatment in China, the company said yesterday....

January 12, 2017, Thursday


Families with kids drive cross-border online sales

Young, well-educated, high-income Chinese consumers, especially families with kids, are now a major driving force for the development of China’s cross-border online shopping, Amazon said in a report y...

January 11, 2017, Wednesday


Privatizing to boost synergies

ALIBABA has made an offer to privatize domestic department store operator Intime Retail Group to boost synergies of new retail formats. Alibaba Investment Ltd said yesterday that the e-commerce titan’s ...

January 11, 2017, Wednesday


China producer prices pick up, consumer inflation remains mild

CHINA'S producer price growth beat market expectations in December supported by rising commodity prices and robust demand, while consumer inflation remained mild, the National Bureau of Statistics (NBS) ...

January 10, 2017, Tuesday


Celanese’s sales surge on rise in EV sector

Celanese, a US-based specialty chemicals producer, generated sales of US$1.2 billion in China last year as it tapped the rapid growth of the electric vehicle sector, which has special demand for new m...

January 10, 2017, Tuesday


Taco Bell outlet opens

YUM China yesterday opened its first Taco Bell restaurant in Shanghai in the Lujiazui area as the Mexican-style restaurant chain seeks to grow the brand globally. Taco Bell aims to have 1,000 restaurants ...

January 10, 2017, Tuesday


 

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