Liao Shumin

1 week ago | yicaiglobal.com | Liao Shumin

(Yicai) April 17 -- Douyin, the Chinese version of TikTok, said it will launch a special support program for foreign sellers of premium goods, including lowering commission fees and offering interest-free loans to ease cash flow pressures to help them expand into the domestic market. Douyin will open exclusive entry channels for foreign traders aiming to shift to China sales, the short-video platform announced yesterday.

1 week ago | yicaiglobal.com | Liao Shumin

(Yicai) April 16 -- Wildberries, one of Russia's largest e-commerce platforms which began accepting Chinese sellers last year, is looking to expand its business presence in China and attract more local merchants by offering streamlined shipping options and a new seller incentive program. Wildberries, a leading marketplace for clothing, shoes, and electronics, launched the "Star Program" for young entrepreneurs in China, the Moscow-based competitor of Ozon and Yandex.Market announced yesterday.

1 week ago | yicaiglobal.com | Liao Shumin

(Yicai) April 15 -- Cellasto, a noise, vibration, and harshness reduction components manufacturer under German chemical giant BASF, said it will invest around EUR60 million (USD67.9 million) to build a second Shanghai factory. The production expansion aims to capitalize on China's rapidly growing electric vehicle market, Cellasto announced yesterday. The new plant will have advanced mold lines, resulting in a capacity surge of almost 70 percent, with operations likely to start in 2027, it added.

1 week ago | yicaiglobal.com | Liao Shumin

(Yicai) April 14 -- The fifth China International Consumer Products Expo, which boasts more exhibitors and brands than last year’s event, got underway in southern Hainan province yesterday. More than 4,100 brands from 71 countries and regions are taking part in this year’s expo, which runs from April 13 to April 18 at the Hainan International Convention and Exhibition Center. This includes 65 Fortune Global 500 companies and industry leaders.

2 weeks ago | yicaiglobal.com | Liao Shumin

(Yicai) April 10 -- Shares of Focus Media Information Technology leaped after China's largest outdoor advertising firm revealed plans to acquire elevator ad peer Xinchao Media Group for CNY8.3 billion (USD1.1 billion), marking a strategic expansion into residential advertising. Focus Media [SHE: 002027] closed 10 percent higher at CNY7.18 (USD1) in Shenzhen today, bringing its year-to-date gain to over 4 percent.