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Shanghai Daily,上海日报
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Consumer


Profit in Q4 plunges 83%

An employee walks past the logo of Baidu at its headquarters in Beijing. China’s largest search engine Baidu suffered a decline in fourth-quarter profit as advertising income fell after it was ordered by government agencies to tighten scrutiny over health care ads. Baidu yesterday said its profit plunged 83 percent to 4.13 billion yuan (US$602 million) in the quarter. — Reuters...

February 25, 2017, Saturday


Ctrip’s revenue soars 76%

SHANGHAI-BASED Ctrip said yesterday that its revenue soared 76 percent year on year in the fourth quarter following the acquisition of former rival Qunar by China’s biggest online travel platform. In ...

February 24, 2017, Friday


Wal-Mart to expand in China

WAL-MART Stores Inc yesterday said it aims to add 30 to 40 new stores in China, including three to five Sam’s Club outlets, in 2017 as well as upgrade current stores and continue to work with JD.com. Wal-Mart ...

February 23, 2017, Thursday


Walmart seeks more expansion in China

WALMART Stores Inc said it aims to add 30 to 40 new stores in China including three to five Sam's Club outlets this year as it seeks new retail models to cater to consumers' changing shopping habits. Walmart ...

February 22, 2017, Wednesday


Rare 1684 violin for auction

A representative from Sotheby’s Hong Kong holds a rare 1684 violin by Antonio Stradivari to the press during a media preview in Hong Kong yesterday, ahead of the violin’s auction on March 28 in London where it is estimated to fetch between US$1.55 million to US$2.45 million. ...

February 22, 2017, Wednesday


Gree seals US$2.9b supply deal

Gree Electric Appliance plans to sign a procurement agreement with Zhuhai Yinlong New Energy to buy services and products worth up to 20 billion yuan (US$2.9 billion) annually, Shenzhen-listed Gree said...

February 22, 2017, Wednesday


HK Disneyland suffers loss for 2nd year

Hong Kong Disneyland has reported a net loss of HK$171 million (US$22.03 million) for the 2016 fiscal year, a second loss following the 2015 fiscal year, due to a slower Hong Kong tourism market. In ...

February 21, 2017, Tuesday


Kraft exits US$143b bid for Unilever

KRAFT Heinz Co’s rapid retreat from its surprise US$143 billion bid for Unilever in the face of stiff resistance knocked the Anglo-Dutch company’s shares yesterday as investors assessed the impact of ...

February 21, 2017, Tuesday


Alibaba and Bailian tie up to develop new retail formats

ALIBABA Group and Shanghai-based retail conglomerate Bailian Group announced a strategic alliance yesterday to develop new retail formats. The two companies will share resources such as offline retail ...

February 21, 2017, Tuesday


Courier deliveries boom

CHINA’S courier delivery sector continued to grow in the first month of the year thanks to the country’s continued efforts to boost consumption and services, official data showed yesterday. Revenue for ...

February 18, 2017, Saturday


 

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