one that Mr. Schultz believes “will have a larger consumer impact than the opening of Shanghai Disney.” The story of Starbucks in China is a nearly 20-year journey that may be a case study for American companies that have struggled to do business there ... ( read original story ...)
Tiandihui seeks fresh funds to expand to supply chain finance
Shanghai Tiandihui Supply Chain Management, the mainland’s largest online road transportation operator, is looking to raise fresh capital to expand into supply chain finance, becoming the latest logistics player to tap into the lucrative business. ( read original story ...)
Shares of Taiwan firms fall on sale of China Starbucks business
Uni-President chairman was quoted by CNA as saying that they would try to fill the profit gap from other business channels, without giving details. The Uni-President Group has been operating the Starbucks franchise in both Taiwan, and in Shanghai ... ( read original story ...)
BRICS trade ministers attend Shanghai meeting
Zhong Shan, also chairman of the seventh meeting of trade ministers of Brazil, Russia, India, China and South Africa, made the remarks at the opening ceremony of the two-day event which started Tuesday in Shanghai. BRICS countries have created a new ... ( read original story ...)
Construction continues on Heatherwick Studio’s topographic 1000 Trees complex in Shanghai
Construction work continues on Heatherwick Studio's mountainous hanging gardens in Shanghai, China. Heatherwick Studio, led by British architect Thomas Heatherwick, announced its first plans in 2015 for a tree-covered complex consisting of housing ... ( read original story ...)
While Other U.S. Companies Flee China, Starbucks Doubles Down
In Shanghai alone, there are already 600 stores ... and over time a totally dedicated Chinese leadership team led by a Chinese C.E.O.,” Mr. Schultz said. Today, he explained, “they are the most self-contained autonomous business unit within the ... ( read original story ...)
Steel cut lights a fire under Chinese metals futures
Steel rebar and iron ore led the gains after Premier Li Keqiang over the weekend ... Iron ore closed yesterday at $US73.70 a tonne, up $US4.97. In Shanghai, steel rebar futures rose to 3733 yuan, a 3½-year high, up 4.7 per cent on the day and 27 per ... ( read original story ...)