COSCO Shipping and Shanghai International Port to Buy Hong Kong’s OOCL

China’s major shipping operator COSCO Shipping Holdings and Shanghai International Port (Group) Co jointly announced a takeover offer on Sunday [9 July 2017] to all the shareholders of Hong Kong-based Orient Overseas Container Line Co (OOCL), COSCO announced on Sunday…Full Article: The Global Times July 2017 Key Point Once the takeover is completed, China’s COSCO

Taiwan’s Wei Chuan Foods to Construct Factory in Suzhou to Supply the Greater Shanghai Market

Wei Chuan Foods Corp (味全食品) yesterday [30 June 2017] said it is to invest nearly 600 million yuan (US$88.5 million) building a new plant in China’s Suzhou [Jiangsu Province], as part of efforts to accelerate the firm’s turnaround…Full Article: The Taipei Times June 2017 Key Points Between October and December 2018, Wei Chuan Foods’ new

Shanghai, Guangdong, Shandong, and Jiangsu Top China’s Dining Consumption Index

Shanghai tops other cities in a dining consumption index, while Guangdong, Shandong and Jiangsu provinces top the rankings in terms of absolute transaction value, according to data compiled by Alibaba’s lifestyle service unit, Koubei. Those in Xiamen, Guangzhou and Tianjin prefer Western food more than consumers in other regions, while Shanghai residents favor Cantonese and

COFCO’s Waimai Sells US Beef in Beijing While Alibaba’s Yiguo Sells US Beef in Shanghai

China’s major e-commerce platforms are racing to be the first to put US beef under their online sales portfolio, with the arrival of the first commercial shipment of the meat and its products to China due over the weekend, marking the end of a 14-year import ban. Womai.com, the online platform run by the country’s

Shanghai Proposes Strengthening Online Food Safety Regulations

Shanghai’s food safety watchdog has proposed tightening the rules for online food ordering and delivery services, including making it mandatory for a food provider to have a physical restaurant location. A draft of revised regulations for the industry, drawn up by the city’s food and drug administration, has been made available for public comment until