commerce giant pump primes Juhuasuan to cash in on abundant opportunities
Times are changing fast at e-commerce behem
oth Alibaba Group Holding Ltd. While st狗亚APP入口夜生活女神会所 ore-openings from a range of global brands like Burberry to Ferragamo were
狗亚APP入口夜生活the norm earlier, they have since been replac
ed by deals, bargains and growth in lower-tier cities. Against flattened economic growth and brutally aggressive competition, Alibaba is no
g unprecedented priority to Juhuasuan, its group-buying and flash-sale platfor狗亚APP入口夜生活女神会所 m, repositioning it as the top destination for consumers from smaller cities and townships.
rnet giant said recently that it will host a Super Bargain Day from Sept 1, halving prices for 1 million me rchandise and giving out cash dividends, coupons and other perks. Unlike the
more reputable Nov 11 annual sales event, the 10-day event is targeted at good-quality budget items.狗亚APP入口夜生活女神会所
“We see massive growth in lower-tier cities this year via the Juhuasuan platform. This is the
狗亚APP入口夜生活engine fueling future growth and a bluesea market－meaning opportunities abound for each and e
very industry player to take a share,” said Liu Bo, general manager of Juhuasuan.
Media publications and industry analysts often categorize C狗亚APP入口夜生活女神会所
hinese cities into tiers, defining them based on population, gross domestic prod
狗亚APP入口夜生活uct and other criteria. Tier-one cities normally refer to super metropolises like Beijing and Shanghai.
Alibaba’s strategy to penetrate into lower-tier markets has reaped some early gains. In the
quarter ending June 30, over 70 percent of increased annual active consumers came from less dev狗亚APP入口夜生活女神会所
eloped markets. The company attributed the achievement to initiatives to cater to a b
roader user base, such as “using simpler interfaces for first-time or less-frequent users”.狗亚APP入口夜生活
Realizing the potential, Juhuasuan has announced a slew of plans to rev up services. On the
supply side, the platform aims to help manufacturers digitize their factories through consumer ana狗亚APP入口夜生活女神会所
lytics and the internet of things technology. Liu said he hopes such efforts will foster
brands, create 1 million sought-after items and nurture 10,000 digital plants.
the full pricing-in of opinions from bulls and bears, an uptrend wi
h fluctuations, and a return to ration
ality,” the SSE said in the announcement.狗亚APP入口夜生活 Relaxed price fluctuation limits have enabled the STAR Market stocks to be more timely priced, leading to higher p
ricing efficiency than the main board, accord
ing to analysts from Shenwan Hongyuan Securities. 狗亚APP入口夜生活女神会所Securities regulators lifted price fluctuation limits for STAR stocks in their first five tr
ading days, and thereafter a 20 pe rcent daily price fluctuation limit is effective, versus a 10 percent limit on the main board.
Analysts expect trading on the STAR Market to become more rational in the medium
term, with valuation levels to bet狗亚APP入口夜生活 ter reflect company fundamentals. Firms with strong fundamentals may sustain high
valuations, while weaker ones may see a marked divergence in stock price performance.
The market-oriented initial public offering mechanism狗亚APP入口夜生活女神会所
of the STAR Market, or the registration-based IPO system, also showed its effect, with the 28 STAR li
stings’ price-to-earnings ratios of offer price varying from 18 to 269, according to SSE data.狗亚APP入口夜生活
This marked a difference from the main board, where almost all new offerings are p
riced at a maximum of 23 times earnings under the approval-based IPO system.
狗亚APP入口夜生活女神会所The SSE also disclosed that during the first trading month of the STAR Market, it strengthened
supervision on illegal trading and dealt with eight cases of abnormal trading behavior on the new board.
No-go areas for gasoline vehicles to spur new energy sector’s development狗亚APP入口夜生活 China is encouraging local authorities in regions with appropriate conditions
to set up no-go zones for gasoline cars and use more new energy vehicles for public trans
port, which analysts and industry insiders say will help boost the industry’s development.狗亚APP入口夜生活女神会所
“Regions with ripe conditions have our support if they establ
ish trial projects to establish no-go zones for gasoline-powered vehicles
and replace such vehicles with new energy vehicles in the urban public transport system,”
said the Ministry of Industry and Information Technology in a statement on its website on Tuesday.
The typhoon also halted ferry services between Xiamen and Kinmen in Taiwan, and between
Pingtan and Taiwan’s Taichung. A total of 124 fligh
ts have been canceled at Xiamen airport.狗亚APP入口夜生活女神会所 South China’s Guangdong province launched a level-IV emergency response, the
狗亚APP入口夜生活lowest level, for strong winds. The provincial a
griculture and rural affairs depart ment issued a notice requesting fishing vessels in related waters to return to harbor for shelter.
The Guangdong Power Grid Corporation has de
ployed more than 300 power generatio狗亚APP入口夜生活 n vehicles and over 400 sets of satellite communication equipment for emergency repair.
China firmly opposes the United States’ new threat to impose additional tariffs on about $550 billion
狗亚APP入口夜生活worth of Chinese imports, a spokesp
erson of the Ministry of Commerce said on Saturday. In a brief statement, the ministry said the US act is unilateral, trade protectionism, and using maximum pressure.
It violates the consensus reached between the top leaders of the two co狗亚APP入口夜生活女神会所
untries, severely undermines the multilateral trading system and normal internat
ional trade order, and Washington will eat the bitter fruits of its own action, the ministry said.
“Such unilateral and bullying acts of trade protectionism and extreme pressure ru狗亚APP入口夜生活
n counter to the consensus of the heads of state of China and the United States, and run
counter to the principles of mutual respect, equality and mutual benefit,” the spokesperson said.狗亚APP入口夜生活女神会所
The ministry urged Washington to immediately stop its wrongful deeds, otherwise it will “bear all the consequences.”
The ministry warned the US administration not to misj
狗亚APP入口夜生活udge the situation, nor to underestimate the determination of the Chinese people.
“China strongly urges the United States not to misjudge the situation, or underestimate the determination of the C
hinese people. It must immediately stop its erroneous practices, or bear all the consequences,” the spokesperson said.A g狗亚APP入口夜生活女神会所
irl does homework in an air-raid shelter at People’s Square in Chongqing, Southwest Chin
a, Aug 24, 2019. The air-raid shelters, once used to protect Chongqing residents from air attac
ks during wartime, have turned out to be an ideal place to escape from the scorching heat.
?Friday said it would retaliate against Trump’s plans for the imposition of tariffs on $300 billion in Chinese goods on Se
pt 1 and Dec 15 by slapping levies on US import
s valued at $75 billion on the same dates. In a statement, China’s Com狗亚APP入口夜生活 merce Ministry said the action was “forced by the US’s unilateralism and protectionism.”
In response, Trump tweeted: “Our country
has lost stupidly, Trillions of Dollars with China ov 狗亚APP入口夜生活女神会所er many years. They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, &
ant to continue. I won’t let that happen! We don’t need China and, frankly, would be better off without them.” Trump demanded that American companies “immediately st狗亚APP入口夜生活
art looking for an alternative to China, including bringing your companies HOME and mak
r products in the USA.” Trump has no authority to tell US companies how to operate. 狗亚APP入口夜生活Following Trump’s tweet post, David French, the senior vice-presid
ent of government relations of the National Retail Federation, tweeted: “It is un
realistic for American retailers to move out of the world’s second largest economy…”狗亚APP入口夜生活女神会所
“Our presence in China allows us to reach Chinese customers and develop overseas markets. This, i
n turn, allows us to grow and expand opportunities for American workers, businesses and consumers.”
狗亚APP入口夜生活The Dow Jones Industrial Average closed Friday at 25,628.90, down 623.34 points or 2.37 percent. N
asdaq closed at 7,751.77, down 239.62 points or 3 percent. The S&P 500 was also down, closing
at 2,847.11, down 75.84 points or 2.59 percent. The market closed down for the fourth week in a row.狗亚APP入口夜生活女神会所
The continuing trade dispute and fears about a worldwide economic slowdown have led c
entral banks in the US and around the world to ease monetary policy in recent months.
?developed in a series of phases over the 15-20 years starting from 2010.
The officials added that both the Chinese and Singa
porean governments have agreed to deepe狗亚APP入口夜生活品茶微信 n their collaboration in terms of scientific innovation, intellectual property rights, financial se
狗亚APP入口夜生活rvices, personnel exchanges, industrial develop
ment and community management. Part of their collaborative efforts, the Sino-Singapore Knowledge Forum, was held in Singapore for the first time on Friday.
The event was a strategic and SSGKC-hosted s
ummit promoting dialogue between government officials, academics and en狗亚APP入口夜生活品茶微信 trepreneurs from Guangdong and Singapore on hot-button topics concerning the practices of bilateral collaboration.
On the same day in Singapore, memora
ndums of understanding and strategic cooperation agreements were signed狗亚APP入口夜生活 at the annual meeting of the Singapore-Guangdong Collaboration Council, an official body co-chaired by Ma
Xingrui, governor of Guangdong and Ong Ye Kung, education minister of Singapore.
狗亚APP入口夜生活品茶微信The new projects, which cover several sectors including artificial intelligence, smar
t travel and training, will give a powerful boost to the development of SSGKC, local officials said.
During the meeting, Singapore-based e-scooter sharing service provid狗亚APP入口夜生活
er Neuron Mobility signed an agreement with Sino-Singapore Guangzhou Knowledge City In
vestment and Development Co, a joint venture operator, to set up a smart urban mobility innovation center in the kn狗亚APP入口夜生活品茶微信
owledge city to support its research and development activities as well as global operations.
The innovation center project also involves a third partner, Ascendas Onehu
b GKC, which runs about 600,000 square meters of residential and commercial floor space in SSGKC.狗亚APP入口夜生活
According to the agreement, Neuron plans to launch the pilot project in SS
狗亚APP入口夜生活品茶微信GKC to test out transportation solutions to the “last mile” problem in China.
The so-called last mile issue refers to a common concern of metro commuters, af
ter they get out of a subway exit and face walking the last stretch to their offices.
Brown recalled. ?狗亚APP入口夜生活But he was touched by the Chinese government’s efforts, building ro
?狗亚APP入口夜生活ads, schools and hospitals in these areas. He really
anticipates seeing the outcome of the efforts, said Brown. Brown was impressed by the honesty and simplicity of the Chinese people during his last?狗亚APP入口夜生活女神会所
trip. He remembered his wife Susan attracte
d a large crowd when she bought apricots on the street, because the loca ?狗亚APP入口夜生活ls had not seen a foreigner before. The farmers only charged her a nominal price for a bag of apricots. Susan offered to
more but was refused. Instead, they put some more apricots in the bag. The generosity of Chinese people, even the poorest one they encountered, made them blush, said Brown.?狗亚APP入口夜生活女神会所
id he would write two books based on the journey, telling foreigners and Chinese people about China’s chang ?狗亚APP入口夜生活es. He said he would record the changes truthfully in the books, whether the good ones or dissatisfactory ones.
Brown and his family moved to the city of Xiamen, Fujian, in 1988. He was the first foreigne
r granted permanent residence by the province in 1992 and has writtenmultiple books about China.?狗亚APP入口夜生活女神会所
A rescue operation was still underway Thursday after a strong tornado hit a city in North
east China’s Liaoning province Wednesday, leaving six people dead, 190 injured and 9,900 affected.
The tornado, packing winds up to 23 meters per second and lasting 15 minutes, stru?狗亚APP入口夜生活
ck the city of Kaiyuan around 5:15 pm Wednesday, the publicity department of the city government said.
?狗亚APP入口夜生活女神会所Over 800 rescuers, including police officers, firefighters, and medical and electric utility workers, are involved in the operation, local authorities said.
The rescuers, working in 10 teams, are racing against time to search for trapped people,
treat the injured, settle down the affected and restore electricity supply and road traffic.
An industrial park in the city’s west and its neighboring residential quarters were the worst-hit.?狗亚APP入口夜生活女神会所
On Thursday morning, rescuers were seen clearing debris and searching for potentially trapp
ed workers in the industrial park where more than a dozen factory buildings were damaged.
ment with the mu狗亚APP入口夜生活女神会所nicipal government of Yiwu, a city in East China’s Zhejiang province, known for manufacturing and exp
狗亚APP入口夜生活orting small commodities, to help Chinese wa
res gain more exposure to the rest of the world. The tie-up will focus on digitizing trade infrastructure and developing additional trade flow
s for the city. The venture also plan狗亚APP入口夜生活女神会所 s to work on innovations in trade finance and establish a smart logistics hub there, a joint news release said.
wu brings together buyers from around the world, Alibaba’s platforms also bring together millions of merchants and狗亚APP入口夜生活 hundreds of millions of consumers,” Alibaba Chief Executive Officer Daniel Zhang sa
id at a launch ceremony on We dnesday. “The synergy of the two ecosystems will create value for our communities of users.”
狗亚APP入口夜生活女神会所The European Union leaders on Tuesday agreed on the future leadership of the EU institutions, proposin
g Ursula von der Leyen, the female German Defense Minister, to be the next European Commission president.
Charles Michel, the Prime Minister of Belgium, is elected to be the next president of the European Council.
Christine Lagarde, the managing director of the International Monetary Fund, is nominated to be president of the European Central Bank.狗亚APP入口夜生活
Josep Borrell Fontelles, the Foreign Minister of Spain, is nominated to be the EU’s foreign policy chief.
Except Michel, other candidates would have to go through formalities to get on the job.狗亚APP入口夜生活女神会所
Von der Leyen, who would be the first female European Commission president, is facing some resistance in
the European Parliament which must vote to confirm her nomination, with several lawmakers saying earlier that she was unacceptable.
狗亚APP入口夜生活女神会所The nomination is clearly a serious blow to the so-called process of Spitzenkandidat, German for lead candidate.
The process, practiced in 2014 but not generally accepted or codified into law, links with European Parliament elections by having each m
ajor political group in the parliament nominating their candidate for Commission President prior to the parliamentary elections.
border e-commerce for the first time, in order to panoramically present the Chinese industrial business chain.
The exhibition includes four main areas – an importer area, exporter area, integrat
ed service provider area and international area. Chen Haiquan, head of Guangdong Asia-Pacific E-commerce Research Institute, said cross-border e-commerce is considered an important engine of China’s innovation-driven development.
he ongoing 13th China International SME Fair, w
hich is being held from Oct 10 to 27 in Guang zhou, has organized four industrial exhibitions for visitors and professional buyers both from home and abroad.
Energy Conservation ExhibitionDate and Location: Oct 10-13; Poly World Trade Center Expo Energy-saving and emission-reduction projects are endowed with even higher and
new requirements in 2016, the beginning of China’s 13th Five-Year Plan (2016-20). The E nergy Conservation Exhibition, held annually, is the largest and most influential gala of its kind in Guangdong province. This year’s event provided 280 international-standard booths in an area of more than 5,600 square meters.
Textile and Apparel Exhibition Date and Location: Oct 10-13; Poly World Trade Center Expo Along with the advan
cement of science and technology, and the flourishing development of internet plus industries, traditional garment com panies have in recent years grown more interested in a new and vibrant sector – smart clothing. This year’s Textile and Apparel Ex
hibition set up a specific exhibition area for smart clothing, in a bid to help integrate both the up – and downstream of the industrial chain.
Smart Building Materials and Home Decorations Fair Date and Location: Oct 16-20; Guangzhou International Sourcing Center To help companies start and expand export trade globally, thi
s year’s Smart Building Materials and Home Decorations Fair will gather worldwide purchasing resources and work with professional financi
al institutions to provide a one-stop integrated export service, which includes customs clearance, foreign exchange and tax reimbursement, as well as sea, air and land logistics.
Intelligent Manufacturing and Equipment Exhibition Date and Location: Oct 24-27; Guangzhou International Sourcing Center This year’s Intelligent Manufacturing and Equipment Exhibition set up 600 international-standard booths in an area of 17,500 square meters. It is expected to attra
ct 300 exhibitors and over 60,000 professional visitors. There are 66 medical service institutions in the area, including two top level public hospitals.
It has also become one of few Chinese industries that can lead the world.
According to a related leaders summit held on Oct 11, the volume of China’s cross-border e-commerce transactions reached 5.4 trillion yuan in 2015, up 28.6 perc
ent year-on-year. As of June this year, the volume reached 2.6 trillion yuan, up 30 percent over the same period last year.