Textile manufacturer Shandong Ruyi International Fashion Industry Investment Holding Co, the LVMH of China, has stepped up its global acquisitions with the purchase of Swiss luxury clothing brand Bally International AG.
BEIJING - The combined brand value of Chinese companies will rise to $911.5 billion in 2018, nearly ninefold that of 10 years ago, Brand Finance said in a report.
Yannick Bollore, global chairman and CEO of the Paris-based advertising company Havas Group, believes that digital technology will shape how modern people communicate and bring big opportunity for Havas in China.
With its increasingly urbanized population and rising high-income group, China is a major growth market for American whiskey, a US industry leader said.
A more complex set-up for China's financial regulatory system is emerging, which is required to oversee the cross-market business of inflated financial groups by making professional and effective decisions, emphasizing the core role of the central bank in the restructured financial regulatory framework.
Alibaba Digital Media and Entertainment Group, the entertainment arm of e-commerce giant Alibaba Group Holding Ltd, said on Monday that it has inked a deal with The Walt Disney Co to offer Disney's animated series and movies on its video streaming service.
E-commerce giant Alibaba Group Holding Ltd is taking a fresh step in its quest to revolutionize physical retail by buying a 15 percent stake in leading home furnishing operator Beijing Easyhome Furnishing Chain Store Group Co Ltd.
China National Nuclear Corp has said that fuel loading delays at the first AP1000 reactor in the Sanmen nuclear power plant in Zhejiang province are due to security concerns and the nuclear power producer expects to complete the same later this year.
China will roll out policies to promote the development of fuel-cell cars and detail plans on the construction of hydrogen refueling stations, as the country steps up efforts to cultivate a globally competitive new energy vehicles industry, the top industry regulator said.
China has pledged to make further efforts to boost the emerging sectors this year as they have contributed more than 30 percent to the country's economic growth, according to the nation's top economic regulator.
Chinese e-commerce giant JD could challenge Amazon's operations in Europe in the coming years, industry experts said, though some are cautious that the enterprises may be in for "a very tough fight."
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Raymond Zhou
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