Category Archives: Business and the Economy

Pharma companies set to enter direct sales of nutritional supplements and beauty products?

Posted on 2013-11-04 by Eric Mu

Two A-share market-listed pharma companies, Xiangxue Pharma and Kangmei Pharma, announced this week that they had obtained licenses to conduct direct sales. Such licenses are under tight regulation for fear that they would be used to start pyramid schemes. So … Continue reading →

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Is Yili poised to gain from China’s milk shortage?

Posted on 2013-11-04 by Eric Mu

Yili, a leading Chinese diary brand, posted record quarterly revenues of 12.55 billion yuan for the third quarter of 2013. To put it in perspective, the number is more than the total revenues of Guangming, one of Yili’s domestic competitors, … Continue reading →

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Chinese pharma companies rush to invest in hospitals

Posted on 2013-10-28 by Eric Mu

Following Guangzhou Bayunshan Pharma’s announcement that it plans to invest five billion yuan in high-end hospitals and a strong rally in the health care sector in China’s A-share market last week, several newspaper articles have appeared beating the drum for … Continue reading →

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Starbucks price comparison after the CCTV attack

Posted on 2013-10-24 by Rachel Wang

On October 8, China Business News, a publication owned by SMG, a media congomerate controlled by the Shanghai city government, published a report attacking Starbucks’ high prices in China. On October 20, China Central Television (CCTV) broadcast a story targeting the … Continue reading →

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Big three Chinese telecom operators criticized for profiting from spam

Posted on 2013-10-24 by Rachel Wang

Beijing Times 京华时报 yesterday published an article (based on a report in the CCTV 1 program Focus Interview 焦点访谈) analyzing the profit chain of spam texts sent by China’s three leading telecommunication operators. According to the report, many spam texts are sent from numbers … Continue reading →

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Will a tax rebate rejuvenate China’s restaurant industry?

Posted on 2013-10-24 by Eric Mu

According to a Southern Daily 南方日报 report, Wang Huiying (王惠英), vice inspector of the “Trade in Services and Commercial Services Department” of Ministry of Commerce, revealed that the Ministry is seeking to lower the business tax rate for restaurants from … Continue reading →

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Mobile banking: Minsheng bank punches above its weight

Posted on 2013-10-24 by Eric Mu

EnfoDesk, a Chinese market research company, published a report on China’s mobile phone banking sector. According to the report, bank transactions conducted via mobile phones in Q4 of 2013 reached just over 370 billion yuan, 35.90% higher than the previous … Continue reading →

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Paper fights back against journalist arrest, Zoomlion alleged fraud back in spotlight

Posted on 2013-10-23 by Eric Mu

Guangzhou-based New Express ran a front page story today with a massive headline reading RELEASE HIM (请放人). The article requests the Changsha police authorities to release Chen Yongzhou (陈永洲), a journalist working for the newspaper who was arrested on October 19 at … Continue reading →

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Does Vancl face a cash crunch?

Posted on 2013-10-21 by Eric Mu

Upstart Chinese clothing brand Vancl, a rising Internet star that aims to be Zara and Amazon rolled into one, has been the subject of a series of negative news reports. Of late, according to New Financial Observer(新金融观察报 ), a financial newspaper … Continue reading →

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Baidu eyes Internet finance industry?

Posted on 2013-10-17 by Eric Mu

An article published by China Business News 第一财经日报 on October 17 claims to provide a glimpse into search giant Baidu’s ambitions to enter the Internet financial industry. The article quotes a source “close to the matter” who says that Baidu … Continue reading →

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