Various groups and organizations in the UK have launched several new initiatives to help enthusiastic London startups and venture capitalists (VCs) connect with the Chinese and global markets.
Richard Liu, founder and CEO of JD.com, dismissed the possibility that a trade war between the U.S. and China will affect the company, and said he is not worried about it, CNBC reported.
Some American companies are planning to move out of China after apparently losing their belief that the biggest business opportunity in the world can be found there, a CNBC report said.
A total of $2 trillion in loans is being hidden in 32 publicly traded banks in China, disguised as “investment receivable,” as of June, up from $334 billion in 2011, according to information provided by Wind Information Co. to The Wall Street Journal.
Amazon has denied reports that it plans to open over 2,000 grocery stores under its brand name. The company also denied reports that it envisages inauguration a 30,000 to 40,000 sw. ft. physical stores resembling a discount grocery chain on the lines of Aldi.
Alibaba’s Ant Financial Services Group continues with its efforts to raise Alipay’s presence worldwide as it announced on Tuesday, Dec. 6, its collaboration with three banks and a payments company in Europe in a bid to expand its operations in the region.
The Supreme People’s Court of China favored basketball superstar Michael Jordan on Thursday over a local sporstwear manufacturer, ending their four-year court battle over the use of the trademark “Qiaodan.”
The Starbucks corporation is about to launch 12,000 additional stores worldwide in the next five years. As these stores began to conquer the world, the company expects outlets in China to overtake the U.S. market soon.
The sales of Mercedes-Benz luxury cars in China are reported to have grown 28 percent this year after the company revamped its car designs to a more sporty look. As part of boosting sales and the drive to manufacture more products locally, Daimler AG plans to also make Mercedes-Benz electric cars in China.
The China-Pakistan Economic Corridor (CPEC) is the nuclear cooperation between China and Pakistan, and a project that is part of the “One Belt, One Road” initiative. This project has made great strides in the recent years, making nuclear technology become the new facet of China’s export portfolio.
A consortium led by private-equity firm Carlyle Group LP is close to a deal valued as much as $2 billion to acquire McDonald’s Corp.’s China franchise, giving the U.S. fast-food giant cash and local help in cracking the lucrative Chinese market.
Steven Milunovich, an analyst from UBS, said, “The sales of Apple’s iPhone will continue to improve in the next years as more users are seen to upgrade to newer handsets. China, however, stands out like a sore thumb, not only for its rate of decline, but with a 10-point [market] share loss.”
E-commerce company Shopify has doubled its efforts in pursuing mobile product ambitions. It has acquired digital photo studio, Tiny Hearts. The studio released quite a number of mobile apps, games and bots over the past several years including a famous consumer-facing apps like Next Keyboard, InstaMatch, Quick Fit and Wake Alarm.
