Consumer

China’s Audiobook Market Will Take 20% of Paper Book Sales in Three Years, Dangdang CEO Forecasts

China’s Audiobook Market Will Take 20% of Paper Book Sales in Three Years, Dangdang CEO Forecasts

China’s audiobook market will take 10 to 20 percent of paper book sales within the next three years, Li Guoqing,…

Sep 22, 2017
Zhang Xia
Alibaba-Backed BEST Inc. Steps up Smart Supply Chain ‘New Retail’ Business Development with New York Listing

Alibaba-Backed BEST Inc. Steps up Smart Supply Chain ‘New Retail’ Business Development with New York Listing

Leading Chinese fast-growing smart supply chain service provider, BEST Inc. [NYSE:BSTI] kicked off an initial public offering on the New York Stock Exchange yesterday.

Sep 22, 2017
Liao Shumin
Chinese Education Platform Gaosiedu Wraps Up USD84.6 Million Funding Round to Invest in AI, Big Data

Chinese Education Platform Gaosiedu Wraps Up USD84.6 Million Funding Round to Invest in AI, Big Data

Gaosiedu, an educational and technological platform run by Gaoseidu Education Group and listed on the National Equities Exchange and Quotations,…

Sep 21, 2017
Zhang Xia
Chinese Box Offices Took In a Record-Breaking USD1.12 Billion Last Month, Commerce Ministry Says

Chinese Box Offices Took In a Record-Breaking USD1.12 Billion Last Month, Commerce Ministry Says

Box offices in China took in USD1.12 billion (CNY7.3 billion) last month, marking annual growth of more than 30 percent…

Sep 21, 2017
Liao Shumin
Fashion Brand Peacebird, Tmall Reach Cooperation Agreement for Brand Building and Big Data

Fashion Brand Peacebird, Tmall Reach Cooperation Agreement for Brand Building and Big Data

Chinese apparel brand Ningbo Peacebird Fashion Co. [SHA:603877] has reached a strategic cooperation deal with Tmall, the e-commerce marketplace belonging to Chinese internet giant Alibaba Group…

Sep 21, 2017
Zhang Xia
Chinese Auto Industry User Satisfaction Index Improves for First Time in Five Years

Chinese Auto Industry User Satisfaction Index Improves for First Time in Five Years

The China Association for Quality and China National Customer Commission released the country’s automobile industry user satisfaction index for 2017 on Sept. 20. The…

Sep 21, 2017
Zhang Xia
Chinese Online Food Store Three Squirrels Sells USD1.5 Billion Worth of Nuts on Tmall

Chinese Online Food Store Three Squirrels Sells USD1.5 Billion Worth of Nuts on Tmall

Anhui Three Squirrels Electronic Commerce Co., China’s largest food e-commerce company by sales size, has sold more than CNY10 billion…

Sep 21, 2017
Zhang Xia
Shanghai’s Popular Lady M Cake Store Remains Popular Despite Online Booking ‘Gimmick’

Shanghai’s Popular Lady M Cake Store Remains Popular Despite Online Booking ‘Gimmick’

Enthusiasm hasn’t waned yet for Shanghai fans of cake shop Lady M, which earlier this month was forced to temporarily close its doors after queues spilling into the street caused chaos.

Sep 21, 2017
Tang Shihua
JD.com, Nestle Brings World’s First Branded AI Health Assistant to China

JD.com, Nestle Brings World’s First Branded AI Health Assistant to China

Chinese e-commerce company JD.com Inc. [NASDAQ:JD] and traditional food giant Nestle SA [SIX:NESN] unveiled the country’s first voice recognition-based smart nutrition and health assistant…

Sep 21, 2017
Luan Li
Shanghai Free Trade Zone Gets Approval to Set Up Wholly Foreign-Owned Travel Agencies

Shanghai Free Trade Zone Gets Approval to Set Up Wholly Foreign-Owned Travel Agencies

China Shanghai Pilot Free Trade Zone (Shanghai FTZ) has received official authorization to set up wholly foreign-owned travel agencies for…

Sep 20, 2017
Zhang Xia
Eleme.com Will Open Unstaffed E-Convenience Shops

Eleme.com Will Open Unstaffed E-Convenience Shops

Eleme.com, a famous online food delivery platform in China, said yesterday that it will open unstaffed E-Convenience shops, Lieyunwang.com reported.

Sep 20, 2017
Zhang Xia
22 Toys “R” Us Stores Open in China as the Firm Files Bankruptcy in North America, Struggles in EU

22 Toys “R” Us Stores Open in China as the Firm Files Bankruptcy in North America, Struggles in EU

Sept. 18 local time, the big box toy retailer Toys “R” Us Inc. has filed for bankruptcy protection in a…

Sep 20, 2017
Liao Shumin

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