More than four months after French fashion house Christian Dior became the first luxury brand to have an official account in China on shortvideo app Douyin, it had attracted less than 40,000 followers with the 13 short video clips it uploaded.
Beijing Bytedance Technology Co Ltd, which runs news aggregator Toutiao and short video app Douyin, is seeking a public listing next year, the Financial Times reported citing anonymous sources.
More and more Chinese people are burnishing their knowledge about wines and spirits and demand from the country far outstrips others, according to the London-based Wine and Spirit Education Trust (WSET).
"Forced technology transfer? No, not that I have heard of in my profession," said businessman Wu Song at the China Refrigeration Exhibition in Beijing this year.
China will continue to be a significant driver of the global economy and support World Trade Organization principles firmly, business leaders said.
More efforts to stabilize investment growth and credit support are expected to come out soon to assuage concerns over slowing growth in investment clouding the economic outlook, after a meeting held by top decision-makers set the tone for the policy trend in the second half.
China's domestic bond market is expected to remain appealing to overseas capital as the amount of bonds held by overseas investors has increased drastically since last year, and the Chinese government steps up its efforts to liberalize the domestic market.
Google Inc is in talks with Tencent Holdings Ltd, Inspur Group and other Chinese companies to offer its cloud services in the world's second-largest economy, according to people familiar with the discussions.
Despite China-US trade friction, Pittsburgh is seeking stronger ties with China as it welcomed 316 Chinese visitors who arrived on the first direct charter flight from Shanghai to Pittsburgh International Airport on Friday.
Offshore duty-free shops in Hainan sold goods worth 5.25 billion yuan ($768 million) during the first six months of this year, up 24 percent from the same period a year ago, according to data from the local customs authorities.
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Raymond Zhou
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Chen Weihua
