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

Shanghai McDonald’s Under Scrutiny After Food Safety Inspections

Fast food chain McDonald’s denied on Monday [4 December 2017] night that its fried dough sticks contained chemical substances that could cause cardiovascular disease, after food in two of its Shanghai branches were said to contain diethylhexyl phthalate (DEHP). McDonald’s issued a statement saying that it was taking the incident seriously, and that further checks

Starbucks Opens High-End Concept Store in Shanghai

Shanghai is set to get its own Starbucks Roastery and Tasting Room, the first high-end roastery from the international coffee chain to open outside the United States, the city’s quality watchdog said Thursday [30 November 2017]. The Shanghai border inspection and quarantine bureau has completed all necessary checks of the Seattle-based coffee chain’s imported equipment

Cheese and Tofu Products Failed China Food and Drug Administration’s Safety Checks

Samples of three food products have failed the latest spot checks on food safety conducted by the China Food and Drug Administration (CFDA), the administration said in a statement Thursday. A total of 493 batches of samples featuring six categories of food products underwent spot checks, with the three failed products ordered to be removed

Australia’s Treasury Wine Estates Hopes to Increase its Chinese Market Presence

One of Australia’s leading wine companies has promised to increase its focus on cracking the Chinese market. Michael Clarke, Chief Executive Officer of Treasury Wines, told the company’s Annual General Meeting (AGM) on Wednesday night that the company would seek to widen the gap between Treasury and its competitors in China…Full Article: Xinhua Oct 2017