Shanghai-listed Bailian Group to Establish E-Commerce Platform for Commodity Trading

An online e-commerce platform for commodity trading that aspires to become an internet-based information and transaction hub with a trillion-yuan ($151 billion) in target was established in Shanghai on Tuesday [19 December 2017], making it one of the first to offer customized real time information services for the trade. The platform, Shanghai Bailian Commodity E-commerce

Online Catering Services Forced to Have Brick-and-Mortar Restaurants by 2018

Only off-line catering businesses with bricks-and-mortar restaurants and proper business licenses are allowed to offer on-line catering and ordering services, a new regulation said Friday [10 November 2017]. Online catering and ordering services should be subject to the same rules as off-line restaurants, said the regulation issued by the China Food and Drug Administration (CFDA)…Full

Tencent’s Meituan-Dianping Online Platform Garners USD 4 Billion in Financing

Meituan-Dianping, China’s largest on-demand services provider said on Thursday [19 October 2017] it has raised $4 billion in its latest financing round that values the company at $30 billion. The round was led by Tencent Holdings Ltd, and includes new investor the Priceline Group and other key investors including Sequoia Capital, GIC of Singapore, Canada

Nestlé Launches Artificial Intelligence Product with JD.com

Global food and beverage giant Nestle launched its own artificial intelligence (AI) product with Chinese e-commerce platform JD.com Tuesday [19 September 2017], in a move to meet the demands of increasingly tech-savvy Chinese consumers. Nestle XiaoAI, an AI family nutrition assistant, is a smart speaker equipped with nutrition and health knowledge that can answer questions

China’s JD.com to Establish Joint Ventures in Thailand

China’s second biggest e-commerce company JD.com and Top Thai retailer Central Group will jointly invest $500 million to establish two joint ventures in Thailand covering e-commerce and fintech services respectively, a statement from Central Group said on Friday [15 September 2017]. According to the statement, Central Group will invest $250 million to the ventures, and

Danish Food Products to Be Sold on China’s Kaola.com E-commerce Platform

China-based cross-border e-commerce platform kaola.com signed an agreement on Wednesday [13 September 2017] with Denmark’s supermarket chain Irma to bring Danish brands to the Chinese market through the platform. According to the agreement, Irma, a subsidiary of Coop Denmark A/S, will first sell its own coffee, chocolate, marmalade, personal care products and children’s clothing through

LiNiu Technology Group and Shouguang Agricultural Product Logistic Park Sign Cooperation Agreement

Agricultural trading platform operator LiNiu Technology Group – formerly Iao Kun Group Holding Company – has signed a strategic co-operation agreement with Shou Guang Agriculture Logistics Park, according to a company release. The agricultural company, a subsidiary of agricultural wholesale group Dili Group Holdings, is located in Shougang, China, and operates a market for vegetables