Daily archives: August 10th, 2016

Fints evening highlights (9 August 2016)

China’s State Grid Corp is planning to buy Brazilian electric power company CPFL Energia and one of its listed subsidiary for $13 billion, on track to be China’s biggest investment in the South American country:…


Yihaodian to launch a new price war against Tmall Supermarket

Core executives of the e-commerce grocer Yihaodian announced on Aug 8 to continue low price competition, aiming at scrambling for market share against Tmall Supermarket, an online B2C shopping unit of Alibaba Group. Walmart, one…


China stock market roundup (10 August 2016)

China’s stock market closed lower on Wednesday, with main indexes moving in and out positive territory in a narrow-band session. By the close, the Shanghai Composite Index fell 0.23%, at 3,018.7 points, while the Shenzhen…


China’s two leading airlines to move to Beijing’s new airport

China Eastern Airlines (CEA) and China Southern Airlines(CSA), two of China’s biggest airlines belonging to the SkyTeam airline alliance, will move their overall operations to Beijing Daxing International Airport, while members of the Star airline…


Junlebao puts world-class milk factory on stream, targeting global markets

Junlebao Dairy, the biggest dairy producer in China’s Hebei province, put a world-class milk powder factory into operation on August 8, also announcing sales of baby formula in Hong Kong for the first time, according…


Fints Lunch Tray (10 August 2016)

China is studying ways to handle steel companies’ debt issue: Bloomberg Disney’s chairman and chief executive Bob Iger said 1 million people has visited Shanghai Disneyland since its opening, and expansion is under way Alibaba…


FINTS MORNING BRIEF (10 August 2016)

China will accelerate the pace to cut the country’s excessive steel capacity in order to fulfill its annual target: National Development and Reform Commission Suzhou may become the first second-tier city to restart restrictions on…