20190714 China News

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Shares of Uxin, China's largest used car e-commerce company, surged over 14 percent around midday, after it announced a binding term sheet with Golden Pacer, a Chinese financial technology platform, to facilitate online financing and collect 100 million U.S. dollars.

Leading U.S. audio tech company Dolby Laboratories (Dolby Labs) sees steady expansion in China thanks to the growing uptake of its advanced imaging and sound technologies in affluent cities.

On July 11, Belgian local time, a visiting delegation of Shantou Municipal People's Government visited the headquarters of European and American Chamber of Commerce and Industry （EAcham）in Brussels, Belgium. Ms. Huang Weihua, principal of Headquarters Affairs of EAcham, received cordially the delegation headed by Mr. Chen, Deputy Secretary-General of Shantou Municipal People's Government. Both sides held a fruitful meeting in the office of Eacham. Belgian partners listened carefully to the delegation's presentation of Shantou's investment environment to learn about Shantou's geographical superiority and solid industrial foundation among others, meanwhile visiting delegation debriefed also reports from Belgian side on feasibility of bilateral cooperation. (reported by Eacham
Secretariat).

The market size of China's social commerce sector is expected to reach 2.07 trillion yuan ($302 billion) in 2019, an increase of 63.2 percent year-on-year, as the use of mobile technologies to access social media is increasingly popular in China, a new industry report said.

China has sufficient policy tools and new measures to further optimize its foreign trade structure and deepen ties with new markets, especially those involved in the Belt and Road Initiative, in the second half of the year, a senior customs official said on Friday.

Octopus Retail Management (Octopus), the retail technology provider used by leading businesses to make retail smart and personal, today announced that its cutting-edge point-of-sale (POS) suite of solutions has been successfully implemented in Asus locations across China.
Source:Globaltimes, Xinhuanet, Chinadaily, Shine, Gdtoday，China Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham