Sumitomo Warehouse Co will soon launch a distribution company joint venture in Shanghai in partnership with a local firm that is under the umbrella of the city government. The Japanese firm will take a 70 per cent stake in the venture, which will mostly target Japanese firms that have invested in the region. The joint […]
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Shanghai to merge retail giants
Shanghai plans to merge the companies owning four of the country's largest retailers to prepare for growing competition from foreign retailers in China, Dow Jones reported. The parent companies of Lianhua Supermarket Holdings, Hualian Supermarket Co, Shanghai No 1 Department Store and Shanghai Material Trading Centre would be owned by a holding company, reportedly to […]
US-owned business news broadcaster CNBC Asia Pacific has formed a strategic partnership with Shanghai Media Group, the Financial Times said. Under the deal, a special edition of CNBC's Managing Asia programme would be repackaged by Shanghai Media for broadcasting on its business channel, while the two sides would also prepare segments in Shanghai for broadcast […]
US media giant AOL Time Warner announced at the beginning of April that its Mandarin-language China Entertainment Television Broadcast (CETV) channel had been awarded a licence to broadcast to threestar or higher rated hotels, foreign compounds and other select areas in China. An official of AOL subsidiary Turner Broadcasting System said that distribution of CETV […]
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US magazines given warning
Plans by three leading US magazines to enter the Chinese market have received a setback, South China Morning Post said. Harvard Business Review has published five editions of its Chinese version since October last year, while Forbes formed a partnership with a Hong Kong publishing firm and Newsweek wants to publish a Chinese language version, […]