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Shanghai Daily,上海日报

Consumer


Rural e-commerce growth beats cities

A customer shops at an Alibaba rural service center in Jinjia Village, Tonglu, Zhejiang Province. E-commerce growth in the countryside now outpaces that in major cities, though fewer than one tenth of online purchases made on Alibaba platforms were shipped to rural areas in the first quarter of this year. Alibaba estimates the potential market at 460 billion yuan by next year. — Reuters...

August 1, 2015, Saturday


Carlyle invests US$85m in Beijing Ubox

PRIVATE equity firm Carlyle Group has invested 530 million yuan (US$85.4 million) in Chinese vending machine operator Beijing Ubox Technology & Trade Co. Carlyle did not disclose the size of the purchased ...

July 31, 2015, Friday


Electricity consumption forecast to grow

CHINA’S National Energy Administration said power use would rise 3 percent to 5.7 trillion kilowatt-hours in 2015. “Judging from the economic indicators for the second quarter, the effect of growth-stabilizing ...

July 28, 2015, Tuesday


Gome sinks 13% over restructure plans

SHARES of Gome Electrical Appliances Holding Ltd sank 13 percent to HK$1.27 (16 US cents) in Hong Kong after it unveiled a plan to take over unlisted assets to streamline management structure. The Hang ...

July 28, 2015, Tuesday


E-cigarette expo draws over 120 firms

Visitors check vape juices for electronic cigarettes at the International Vapor Distribution Alliance Expo in Beijing yesterday. According to the organizer, the expo attracted over 120 companies, including global high-end e-cigarette and e-liquid brands. China’s capital city unrolled ambitious new curbs on smoking in early June. Anyone caught smoking in Beijing restaurants, hotels, schools and hospitals as well as in certain outdoor public places, will now have to pay a 200 yuan (US$32.25) fine. — Reuters...

July 25, 2015, Saturday


Wal-Mart completes Yihaodian buyout

UNITED States-based Wal-Mart Stores yesterday said it has taken full control of Shanghai-based online retailer Yihaodian.com as it seeks to expand its presence in the e-commerce sector. The world’s largest ...

July 24, 2015, Friday


Now that’s what I call a ride, baby

A man checks out a new baby carriage at the 15th Shanghai International Child Baby Maternity Industry Expo, which opened yesterday at the Shanghai New International Expo Center. More than 2,100 exhibitors from home and abroad are participating in the three-day event, which is the world’s largest sourcing event for baby, child and maternity products. — Wang Rongjiang ...

July 23, 2015, Thursday


Who’s Nexed?

UNITED States-based water treatment company Evoqua Water Technology said it will use its new seawater purification technology to tap into the Chinese market. The technology, known as Nexed, which desalinizes ...

July 23, 2015, Thursday


Unilever, Alibaba reach deal on sales and branding

MULTINATIONAL consumer goods company Unilever said yesterday that it has signed a memorandum of understanding with e-commerce giant Alibaba to jointly promote sales, branding, distribution and product ...

July 21, 2015, Tuesday


Double-digit fall in Burberry’s HK sales

A model is seen on the screen of a Burberry store at Causeway Bay shopping district in Hong Kong yesterday. British luxury goods maker Burberry says its Hong Kong comparable store sales fell by a doubledigit percentage in the quarter ending on June 30, becoming the latest brand to show business is hurting. Rents are expected to fall as much as 40 percent this year in Hong Kong’s bustling shopping district of Causeway Bay, until recently the world’s most expensive retail street, hit by a slowdown in visitors, particularly cash-rich Chinese mainlanders. ...

July 17, 2015, Friday




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