Dec 24, 2020Dalian Commodity Exchange Opens Up Palm Oil Futures Market to Foreigners(Yicai Global) Dec. 24 — The Dalian Commodity Exchange, one of four futures exchanges on the Chinese mainland, will begin allowing overseas investors to participate in the futures trading of refined, bleached and deodorized palm olein, a type of palm oil, from today in order to exert more influence…2 min read
Dec 14, 2020China’s BEST Inc. to Open Vietnam’s Most Modern Sortation Center Amid Booming E-Commerce(Yicai Global) Dec. 14 — BEST, a leading Chinese smart supply chain and logistics services provider, will launch Vietnam’s most productive sortation center to respond to the growing express delivery demand fuelled by Southeast Asia’s booming online economy. BEST will open a 35,000 square-meter sortation center in Ho Chi Minh…3 min read
Nov 11, 2020BEST Inc. Helps Singles’ Day E-Commerce Grow in Southeast Asia with Smart Logistics Service(Yicai Global) Nov. 10 — When Jollybuyer, an e-commerce site selling casual clothing to Southeast Asia from China, held a live-streaming campaign Nov. 7 for its “Double 11” promotion, more than 30,000 consumers from Thailand visited the virtual showroom, triple the number of usual views. This is how heated the…3 min read
Jul 16, 2020China to Reopen Cinemas on July 20 After Six-Month Virus BreakLIAO SHUMIN (Yicai Global) July 16 — Cinemas in China’s low-risk regions for Covid-19 can reopen on July 20 after a six-month pause, which is giving a ray of hope for entertainment companies. Movie theaters will still need to leave 70 percent of their seats empty during each screening to…China1 min read
Jul 15, 2020China to Support New Online Business Ideas, Side HustlesZHANG YUSHUO (Yicai Global) July 15 — China will further support the development of fresh business ideas such as those related to e-commerce and live-streaming to create new jobs along with rising consumption. The government will reduce the cost of starting an online business and hiring, some 13 central government…China1 min read
Jul 14, 2020China’s ZTE Releases First 5G Indoor Router in South AfricaLIAO SHUMIN (Yicai Global) July 14 — Chinese communications equipment maker ZTE recently issued its first fifth-generation wireless network-based indoor router, the MC801A, jointly with Africa’s largest multinational telecom operator MTN Group, ZTE said on its website yesterday. The router supports non-standalone and standalone 5G networks and is compatible with…Zte1 min read
Jul 13, 2020Game Developer Leyou’s Shares Jump on Tencent Buyout, PrivatizationZHANG YUSHUO (Yicai Global) July 13 — Chinese tech titan Tencent Holdings is in talks with and has signed a framework agreement to buy out and take gaming firm Leyou Technologies Holdings private, Leyou announced. Its shares rose 3.11 percent to HKD2.99 (39 US cents) as of 11:00 on the…Gaming1 min read
Jul 10, 2020Floods in Southern China Have Caused Losses of USD8.8 BillionLIAO SHUMIN (Yicai Global) July 10 — As China deals with weeks of heavy rainfall, flooding in southern parts of the country has affected 30.2 million people and caused a direct economic loss of CNY61.8 billion (USD8.8 billion) as of yesterday afternoon, according to official data. Editor: Emmi LaineFloods1 min read
Jul 8, 2020Lin-gang FTZ’s Annual Tourist Flows to Exceed 10 Million in Three Years, Official SaysXIA RUIRUI (Yicai Global) July 8 — More than 10 million tourists should visit Lin-gang Special Area in the Shanghai Free Trade Zone each year in the next three years, according to an official at the local administration. Lin-gang will become a unique first-choice resort and family destination in the…Shanghai1 min read
Jul 7, 2020Haidilao’s Shares Surge Despite First-Half Loss Alert Amid Covid-19XU WEI (Yicai Global) July 7 — Haidilao International Holding’s shares rose today even though the expanding Chinese hotpot chain said that expects to report a net loss in the first half of this year due to Covid-19. Haidilao’s stock price [HK: 6862] climbed 3.5 percent to HKD37 (USD4.80) this…Haidilao2 min read