Daily archives: August 9th, 2016

FruitDay raises 100 mln yuan D+ financing and joins hands with global diary giant

FruitDay, one of the largest fresh produce e-retailers in China by both revenue and market share, announced on August 8 that it had raised 100 million yuan (USD15.01 million) from a state-owned enterprise-led fund in…


Fints evening highlights (9 August 2016)

China’s passenger cars sales in July increased 23.3% from a year earlier to 1.61 million, accelerating from a 19.4% gain in June:  the China Passenger Car Association China’s railway freight volume in the first seven…


Chinese domestic chocolate brands seek new opportunities amid tough status

Le conte chocolate, an ever splendid Chinese chocolate manufacturer, dropped into the offline condition since Mar 2016, followed by large-scale laying off from managerial personnel to factory workers. Actually, Le conte’s retreating one step after…


China stock market roundup (9 August 2016)

China’s stock market closed higher Tuesday, as official data showed China’s consumer price index (CPI) grew 1.8% from a year earlier in July, further down from a 1.9% growth in the previous month, leaving the…


Mango TV debuts MUI for launch of smart TVs

Mango TV, the sole online video platform of Hunan provincial satellite TV station, one of China’s most well-known TV channels for its entertaining TV programs, kicked off a television operating system MUI on August 8,…


China leads a new booming graphene market

The 2016 China-UAE Graphene Conference was held from Aug 1 to Aug 5, indicating a further step for China’s graphene industry entering the international market and promoting the global graphene commercialization process. Graphene, known as…


China’s July CPI increases 1.8% YoY, PPI drop eases to 1.7%

China’s consumer price index (CPI) grew 1.8% from a year earlier in July, down from a 1.9% growth in the previous month, while producer price index (PPI) fell 1.7%, narrowing from a 2.6% drop in…


Fints Lunch Tray (9 August 2016)

The Guangdong High People’s Court unveiled a new tribunal on Monday to help settle legal issues that might arise from the liquidation of province’s 3,385 zombie firms, China Daily said, citing a local court official…


FINTS MORNING BRIEF (9 August 2016)

The National Equities Exchange and Quotations, better known as the New Third Board, says that funds raised by listed companies on its board can be only used in the fund-raising company’s primary business China expresses…