Beijing Investment Firm Bids on Italian Supermarket Chain

Chinese Group Yida International Investment has formally expressed interest in Esselunga, Italy’s fourth-largest supermarket chain, Italian daily la Repubblica reported on Thursday [15 June 2017]…Full Article: The Global Times June 2017 Key Points Yida International offered EUR 7.5 billion euros (USD 8.38 billion) for Italy’s Esselunga supermarket chain. In September 2016, the private equity funds

Beijing-based South Korean Barbecue Chain Cuts Ties with Lotte amid THAAD Deployment

Some China South Korean-style restaurants declared their relationship with Lotte, amid a domestic boycott against Lotte after the group signed an agreement with the South Korean military to provide land for the Terminal High Altitude Area Defense (THAAD) system deployment. Multi-brand catering enterprise Halla Group released a statement on its website Tuesday, announcing that it

Beijing-based Hejun Vanguard Group Files Two Complaints against the Sale of McDonald’s China

A Chinese consultancy that has previously helped win antitrust battles against Coca-Cola and Apple has taken aim at McDonald’s Corp, arguing in a complaint to regulators that the US-based fast-food giant’s China sale may hurt workers and consumers. McDonald’s said last month that it had agreed to sell the bulk of its Chinese mainland and

Beijing, Tianjin, and Hebei Team Up on Agricultural Research

Beijing continues to strengthen agricultural research and innovation as the country calls for deepening structural reform in the agricultural sector. An agricultural innovation lab, jointly established by Beijing, Tianjin and Hebei Province in December, will offer technological solutions on food safety, farming environment and pest control…Full Article: ECNS.cn Feb 2017 Key Points The Beijing Academy

Beijing Food and Drug Administration Closes 225 Online Restaurants

Beijing’s food safety watchdog has ordered 225 online meal ordering and delivery businesses to close shop since December, local officials said Saturday [7 January 2106]. According to Beijing Food and Drug Administration, most of the problem stores were operating without a license. They were registered on the country’s three largest online catering service platforms —

Taiwanese Agricultural Products Were On Display in Beijing Expo

A three-day fair featuring agricultural products from Taiwan and promoting tourism ended at the Beijing Exhibition Center on Monday [26 December 2016]. The fair had attracted nearly 130 exhibitors. Mainland businesses signed cooperation contracts with county authorities from Taiwan, the Xinhua News Agency reported…Full Article: The Global Times Dec 2016 Key Point In May 2016,

Kentucky Fried Chicken Restaurant in Beijing Launches Baidu-designed AI Machine to Help Customers Order Food

Kentucky Fried Chicken launched its first artificial intelligence-enabled store in Beijing on Friday, and the fast-food chain said it plans to further expand its layout of smart restaurants, creating more innovative and interesting dining experiences for customers. With the cooperation of Baidu Inc, China’s largest search engine, KFC started its first smart restaurant in the

Beijing Potato Processor to Open New Factory in Inner Mongolia in 2017

The first phase of Beijing Kaida Hengye Agricultural Technology Development Co Ltd’s new and fully automated potato processing plant in Ulanqab, the Inner Mongolia autonomous region, will start full-scale output in March [2017], a company official said. According to Guo Yonghui, general manager of the company’s operations in Inner Mongolia, Kaida has invested 500 million