China will not allow private kindergartens to raise funds through share sales by themselves or as part of asset packages, the State Council, China’s Cabinet, announced on Nov 15 in a policy document. Listed companies will not be allowed to invest in kindergartens and purchase kindergarten shares through stock issue or cash, according to the…
More than 60 percent of exhibitors in the just concluded China-Kenya Industrial Capacity Cooperation Exposition in Nairobi, Kenya, were construction companies, an indication that Chinese enterprises are not cooling their bid for more market share in the East African nation’s lucrative infrastructure sector. Out of 81 Chinese companies present at the Kenya expo, 51 specialize…
Shanghai pilot business zone known as FTZ loosens rules for foreign and domestic firms The China (Shanghai) Pilot Free Trade Zone, the first of its kind in the country, is turning into a true test case for China’s further opening-up and is attracting thousands of companies from home and abroad. The negative list system, which…
Ready to roll out reforms, authorities say foreigners not specifically targeted by agency China’s top antitrust authority will continue treating foreign and domestic companies equally, as it is on the way to completing a sweeping institutional reform, senior officials said on Nov 16. Wu Zhenguo, director of the anti-monopoly bureau of the State Administration for…
The good old branding method of banking only on certain proven celebrities is being challenged in digital marketing and with no guarantee of success, market experts say. “Depending on only a few top stars also means it has become difficult for marketers to uniquely build resonance with their brand,” says Maneesh Choudhary, deputy managing director…
Chinese electric carmaker BYD Co Ltd. is being hailed as perhaps one of the best success stories from the nation’s reform and opening-up in the last 40 years. The Shenzhen-based company has been the global leader in new energy vehicle sales for the past three years and has maintained that record during the first six…
China will become an ever more important trade and investment partner for the United Kingdom as the latter prepares to leave the European Union, and the UK is looking forward to the Chinese market continuing to open up, especially in the service sector, said Barbara Woodward, the British ambassador to China. “I think it will…
Company CEO believes being independent is crucial to respond to rapid industry changes Among hardcore gamers, Ubisoft is associated with AAA games, a mark of quality that requires the highest development and marketing promotion budgets, as highly popular video games such as Assassin’s Creed, Far Cry and The Crew provide players with an immersive experience.…
Second group of central SOEs selected to optimize capital use via diversified forms of operation China will select 10 centrally administered State-owned enterprises as the second group of pilot State-owned capital investment and operating companies to optimize capital use via diversified forms of operation, the country’s top regulator for State assets said on Nov 19.…
Advertising sees tectonic shift toward online channels to reach consumers For advertisers and marketers, China’s still-evolving digital landscape has suddenly become the holy grail. It was not so just five years ago. During the period, avenues like online searches and microblogs have assumed such immense potential in terms of access to the consumer mind that…