Dalian Seafood Company Under Scrutiny after Suffering Surprise Financial Losses

A Chinese seafood company has found itself in deep waters after blaming ‘missing’ scallops for a looming loss of up to 720 million yuan (US$114 million), drawing a sharp rap on the knuckles from state media and raising suspicions on social media…Full Article: South China Morning Post Feb 2018 Shenzhen-listed Zhangzidao Group Co, an aquatic

Hebei Province Criticized for Failing to Meet Land Reclamation Requirements

The State Oceanic Administration (SOA) on Tuesday [16 January 2018] criticized north China’s Hebei Province for failing to properly approve and supervise land reclamation and implement national policy. An SOA inspection team found a number of issues concerning land reclamation in Hebei during an inspection in August and September, said an SOA press release…Full Article:

Zhanjiang’s Prawn Industry Under Pressure from Environmental Issues and High Labor Costs

Known as the “city of prawns”, Zhanjiang is determined to live up to its name. Major aquaculture companies are developing new seafood farms to cater for rising demand in China and across the Belt and Road economies…Full Article: China Daily Nov 2017 Key Points China produces approximately 1.4 million of prawns per year and annually

Alibaba’s Hema Fresh Stores Expand into Beijing

The concept of “New Retail,” which was created by Jack Ma Yun, Alibaba Group Holding’s founder and chairman, in late October, is gaining momentum in the domestic markets. Hema Xiansheng, Alibaba’s newly founded online-to-offline platform, is putting the novel retail business model into practice, an effort experts say is changing China’s traditional retail sector. Despite

Alibaba’s Tmall to Distribute Driscoll’s Strawberries and Chicken of the Sea’s Canned Seafood

Following through on a pledge to support American employment, online retailer Alibaba Group Holding is teaming up with two U.S.-based food companies to sell in the Chinese market…Full Article: Nikkei Asian Review June 2017 Key Point In June 2017, during the Gateway business conference in Detroit, Alibaba Group (Tmall) signed Memorandum of Understanding agreements with

Bright Food to Absorb State-Owned Shanghai Fisheries Group

The Shanghai municipal government announced a fresh round of reform and restructuring of local State-owned enterprises on Thursday [18 May 2017]. As part of the reform, Bright Food (Group) Co Ltd will absorb Shanghai Fisheries Group Co Ltd. Shanghai Fisheries will thus become a wholly owned subsidiary of Bright Food…Full Article: China Daily May 2017