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Alibaba Increases Stake in SingPost

Alibaba Group and SingPost announced that they have signed a joint venture agreement to expand their e-commerce logistics collaboration. The joint venture will focus on three main initiatives that will aim to build a unique, worldwide e-commerce logistics platform. After the initiatives, Alibaba will increase the stake in SingPost to from 10.23% to 14.51%. Alibaba first acquired a stake in ... Read More »

UBM Acquires Global Sources’ Stake in eMedia Asia

100% ownership of the business adds attractive China International Optoelectronic Expo to UBM’s portfolio of events inChina  UBM plc (LSE: UBM) announced that it has acquired Global Sources Ltd.’s 60.1% interest in eMedia Asia Limited (“eMedia Asia”).  Following this transaction, UBM will own 100% of eMedia Asia.  The consideration for Global Sources’ 60.1% stake will be approximately USD $9.0m in cash, subject to adjustments ... Read More »

Alibaba Group Announces Expansion of Cross-Border E-commerce Initiatives

Alibaba will set up country pavilions and cooperate with foreign embassies to enhance global trade between small businesses and the Chinese market Alibaba Group Holding Limited (NYSE:BABA), announced an expansion of its cross-border e-commerce initiatives, including the launch of 11 official country pavilions on its Tmall Global platform and cooperative partnerships between Juhuasuan, Alibaba’s group-buying platform, and 26 foreign embassies ... Read More »

CRIF Opens Office in Shanghai

To meet the increasing demand for risk management and business information solutions in the region, CRIF opened of a new office in Shanghai.  Alongside existing operations in Beijing, Hong Kong, Indonesia, Philippines, Myanmar, and India, the new office will strengthen CRIF’s local presence as well as throughout the Asia-Pacific region. CRIF will be able to deliver integrated solutions and business ... Read More »

Baidu Kicks Off ‘Indoor GPS’ Rollout In China

Baidu has begun the rollout of indoor location services powered by indoor mapping provider IndoorAtlas to the 270 million monthly active users of its Baidu Maps service. IndoorAtlas had been in beta testing, with the company saying it can pinpoint a location inside a building within 6.5 feet. IndoorAtlas-developed software lets the compass contained in smartphones pinpoint a person’s indoor location ... Read More »

Alibaba.com Helps SMEs Build Trust in Cross-Border Trade with Trade Assurance

Alibaba enters trade assurance business as a free service to buyers who trade with Alibaba Trade Assurance suppliers Alibaba.com launched Trade Assurance, a free service designed to create trust in trade by giving businesses peace of mind when trading with China.  The ‘ultimate payer’ for the service are customers of Alibaba (suppliers) who qualify as Trade Assurance Suppliers. Through the ... Read More »

Country Risk Climates:  Trends to Keep an Eye On

Denmark – more controls on immigrants, more plebiscites; Jamaica – the bond rating agencies are optimistic; Moldova – a staggering level of graft and corruption; Tanzania – borrowing to replace aid. ANGOLA:  Now that the impact of the global fall in oil prices is being fully felt, dollars are scarce, which has led to remittance delays, and the government has ... Read More »

Sinosure Signs Partnership Agreement with Serasa Experian

The China Export and Credit Insurance Corporation (Sinosure) and Brazil’s largest credit report company, Serasa Experian, signed a long-term partnership agreement to collaborate on credit information and support services – the company’s first such agreement with a major Latin America-based company. Sinosure reportedly has partnerships in place with more than 120 credit information companies around the world. Source:  Xinhuanet.com Read More »

Tencent Debuts Micro Loans Product

Data sourced through the Internet to be used for credit assessment WeBank, an online-bank owned by majority shareholder Tencent, has recently launched its first financial product – “micro loans”. The amount of the small loans product is set between RMB 20,000 to RMB 200,000 (US$3,225 to US$32,250) with daily interest rates set at 0.05%. The loan service does not require ... Read More »

Alibaba Moves into Financial Data and Information Services

Alibaba is investing nearly $200 million in China Business News (CBN) as it prepares to move into the financial data and information services industry. In its latest foray into the financial services sector, Alibaba is teaming up with CBN owner Shanghai Media Group to create a platform aimed at SMBs that will offer financial news and information.  Alibaba says that ... Read More »

IRI Acquires Chinese MR Firm Datasea

Retail and healthcare data giant Information Resources Inc (IRI) has acquired Chinese MR and analytics services company Datasea, which focuses on the retail and CPG industries. Terms of the deal were not disclosed. Datasea has offices in Beijing, Shanghai, Guangzhou and Jinan, supported by a nationwide service network. The firm provides customer research, brand research, satisfaction and loyalty programs, new ... Read More »

HC International’s Revenue and Profit Down in Q1 2015

HC International announced Revenues were US$34 million, a decrease of 5.5% compared with the same quarter last year. Profit in the quarter also recorded a drop falling 41% down to US$4.0 million.  Diluted earnings per share in the period were RMB 0.0365 (US$0.0059). Almost 80% of the Beijing-based company’s revenues were generated from online services amounting to US$27 million. This ... Read More »

Alibaba Group Acquires Stake in Chinese Logistics Company

Alibaba Group announced the acquisition of a minority stake in the Shanghai YTO Express (Logistics) Company. Financial details were not disclosed. Both companies plan to cooperate in developing logistics solutions to improve efficiency of China’s logistics industry. YTO Express will work closely with Alibaba’s logistics subsidiary Cainiao to enhance the industry’s logistics management capabilities as well as international and rural ... Read More »

Shandong Province’s Dongying Establishes City-level Credit Reference Platform

There are now a reported 31 micro credit companies, 24 financing guarantee companies, and 25 private capital management companies operating in Dongying, Shandong Province. To better regulate and ease the loans approval process for small- and medium-sized enterprises (SMEs), the city-level government of the Chinese city has now established a financial credit platform to consolidate credit information for the local ... Read More »