A new fund that focuses on developing China's next generation of industry - so-called Industry 4.0 - through investment in German small and medium-sized enterprises (SMEs) will soon have its initial $1 billion raised, its founder says. ...
Government's push of e-commerce in rural areas will stimulate online fresh food sales A government-backed drive toward e-commerce can help open up the agricultural sector and generate a rapid increase in incomes for farmers. At a ...
Tags: E-Commerce, Farming, Agricultural
Industrial restructuring, growth in services good indicators of improving conditions, say experts Positive signs have started to emerge in China's economy since the second quarter, suggesting deepened industrial restructuring amid rapid ...
Tags: Industrial restructuring, Positive signs, China's economy
Alipay, which has more than 300 million users in China, said it is working on other biometric technologies, which can make it possible for people to confirm payments for a wide variety of goods and services by winking or simply by showing ...
Tags: Mobile Payment, Apple
Retail e-commerce is maintaining its impressive growth irrespective of market size, according to the 2015 global retail e-commerce index published by AT Kearney, a leading global management consulting firm. The index highlights ...
China's online retail trade volume grew 49.7 percent year on year to 2.8 trillion yuan ($450 billion) in 2014. The online trade took up 10.6 percent of total retail volume in 2014, a 32.5 percent expansion, according to a report by the ...
Tags: online trade, E-Commerce
Establishing overseas warehouse facilities seems to be becoming mandatory for e-commerce firms doing cross-border transactions, as more online consumers are becoming picky on delivery timings, said a report on Tuesday. The report, ...
Tags: overseas warehouse, e-commerce firms, cross-border transactions
The automobile industry has officially become the latest battleground for China's three Internet giants after Tencent Holdings Ltd announced a foray into smart cars. The owner of China's most widely used instant messaging app WeChat has ...
Tags: Auto Market, Automobile Industry
Germany's annual IT business fair CeBIT said Sunday that the digitalisation of the economy is primary focus at this year's event, and the strong presence from China as partner country is attracting great attention. CeBIT, hosted by ...
Tags: CeBIT, IT business fair
China's State Council has given approval for Hangzhou, an e-commerce hub, to set up the country's first cross-border e-commerce pilot zone, according to a statement released on Thursday. Hangzhou, capital city of East China's ...
China unveiled its economic growth target for 2015 Thursday, putting an end to months of speculation.[Special coverage] The target, as expected, was lowered to "around 7 percent," a level not seen since 2004 and 0.5 percentage points ...
Tags: Consumer Electronics, Growth
Chinese consumers spent lavishly on travel, movies and gifts during the lunar New Year holiday. While hoards of travelers were on their way home on Feb. 18, New Year's Eve in China, Wu was enjoying the sunshine in Bali with her family, ...
Tags: Holiday Consumption, travel, movies, gifts
Valentine's Day brings bonanza for boxed bouquets of blossoms Florists recorded a surge in sales of roses in the week leading up to Valentine's Day, with more people ordering luxurious bouquets of roses packed in boxes. Flower retailers ...
Tags: Valentine's Day Roses, Red Rose
To reaffirm Inditex’s commitment to the China—a market that plays an increasingly significant part in the Spanish fashion retailer’s business—Pablo Isla, chairman and CEO travelled to China this week and met Zhong ...
Online and mobile payments worldwide are forecast to reach €3 trillion in the next five years, according to a report by Hamburg-based business intelligence organization yStats.com. Mobile payment is the growth leader, outpacing ...
Tags: outpacing online, Apparel