Jonathan Woetzel is director of the McKinsey Global Institute and senior partner at McKinsey & Company, a multinational management consulting firm based in the United States.
JD Logistics, the logistics arm of the country's second-largest e-commerce player JD, said that it has achieved an annual revenue of 30 billion yuan ($4.5 billion) and looks set to scale it up to 100 billion yuan in the next five years, with orders from third-party trading platforms accounting for nearly 50 percent of the revenue.
BEIJING - US-based global e-commerce giant Amazon.com Inc announced on Tuesday a strategic partnership with a local cloud service provider in the Ningxia Hui autonomous region of northwestern China, seeking to expand and better tap into the country's emerging cloud computing market.
China Vanke Co, a leading residential property developer, expects to present model rooms this month of its first leasing project transformed from urban village buildings in Shenzhen.
Hainan Airlines, China's largest private air carrier, said it is interested in launching more China-US direct flights, as more Chinese travelers are visiting the US, further stimulating the vitality of the market.
The Asian Development Bank is planning to invest in 31 projects in China from 2018 to 2020 for a total value of $6.17 billion, with about $2 billion planned for 2018, according to its newly proposed sovereign lending program.
The ADB will support the following major areas of investments in China:
Beijing-headquartered conglomerate China Poly Group Corp said it will continuously promote its business in both developing and developed countries, further expanding its reach abroad.
Although brick-and-mortar retailers have felt the impact of robust online buying in recent years, the in-store shopping experience remains dominant in the retail sector, and online and offline retailing can coexist and cooperate, according to the managing director of HKR International Ltd.
After two consecutive years in the top spot, Hong Kong is poised to lose its much-coveted title as the world's leading venue for initial public offerings (IPOs) this year, following a drop in the number of blockbuster listings.
RABAT - Morocco's recent signing of an agreement with China's BYD, a leading electric vehicle maker, is set to boost its ambitious automobile manufacturing industry.
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