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2017年07月27日
Used car sector motors into a modern era
The introduction of big data and artificial intelligence has helped resolve the perennial credibility problems of the used car market, providing more opportunities for the sector, analysts said last month.

"There is huge growth potential in China's used car market," said Zhao Xiang, a transportation analyst at Beijing-based Analysys, a market research house.

"With the rapid development of the market and the increase of assessment techniques, consumers' expectations of a used car are continuously rising," said Zhao Xiang, a transportation analyst at Analysys.

While the market is growing rapidly, credit issues have always acted as a brake on the development of the used car market.

In response, players have introduced big data and artificial intelligence to reduce the various transaction risks, the biggest of which are problems with credit.

Guazi.com, China's biggest used car trading platform, said that in order to address credit issues, it has developed a database using big data and artificial intelligence.

Chief Technology Officer Zhang Xiaopei said the database stores information on more than 3.5 million cars and from 200 million buyers and sellers. In addition, it includes a huge amount of third party data, about the maintenance and repair history of the cars.

"With the database, the information on used cars as well as buyers and sellers is more transparent, which has greatly increased transaction security," Zhang said.

He said that with the help of the database, the car trading platform's transaction volumes had grown by 700 percent last year.

Guazi.com recently announced over $400 million in Series B financing from global investors, making it one of the biggest fundraisings this year among Chinese internet companies.

The capital will be used for developing new business lines and increasing brand awareness, as well as developing the skills base of the company's staff.

The new round of financing is being led by existing investor Sequoia Capital, a leading venture capital firm. Matrix Partners China, Blue Run Ventures and Hike Capital increased their investment.

Other participating investors include H Capital, Dragoneer Investment Group, China Merchants Bank and Shougang Group. China's leading boutique investment bank, TH Capital, was the exclusive financial advisor on the deal.

"In order to transform the traditional industry, we also need to depend on online techniques. Guazi.com will continue to improve our business and service by knowing more about customer behavior through our data analysis," said Guazi.com founder and CEO Mark Yang.

The company has created a database of over 3.5 million cars and over 200 million potential customers. Powered by artificial intelligence, Guazi.com is making it faster and easier for consumers to buy and sell used cars through predictive pricing and enhanced knowledge of customer preferences.

Steven Ji, a partner of Sequoia Capital China, said that Guazi.com is leading the development and evolution of the industry, and has major growth potential.
[ 投稿者:Georgette at 12:40 | Georgette | コメント(0) | トラックバック(0) ]

2017年07月20日
Chinese investors buy Kyoto sportscar maker
China's drive to dominate the electric vehicle market has claimed another overseas target almo nature.

When Japanese electric vehicle startup GLM needed more funding to put its high-end sports car into production, domestic backers couldn't muster the financing almo nature.

The search for an investor ended last week, when a Hong Kong-based investment company called O Luxe Holdings agreed to purchase the firm for 12.8 billion yen ($113 million).

O Luxe will fund the deal by issuing new shares to stockholders, which include Chinese TV maker TCL. With the backing of its new owner, GLM gets access to global money for research and development, founder and CEO Hiroyasu Koma said in an interview at his Kyoto headquarters after the sale.

"Electric vehicles are catching on, and China is the leader," Koma said. "But Japanese technology will maintain an edge for the next five years and we want to take a share of the market."

The Chinese government is pouring subsidies into the domestic market for new energy vehicles and Chinese companies are snapping up foreign battery and electric vehicle makers like GLM in order to beef up their technology Sensodyne.

In a filing to the Hong Kong Stock Exchange, O Luxe said the acquisition represents an opportunity to tap into the fast growing electric vehicle industry.

Under its new owner, GLM plans to start production of its G4 ultra-luxury sports car-which has a planned price tag of 40 million yen-in the second half of 2019.

There are also plans, he said, to introduce an electric mini-bus and a seven-seater family car, adapting the G4's powertrain and other key electrical components.

Founded in 2010 by seven engineers who defected from Toyota Motor and other Japanese automakers, GLM's first model was a lightweight two-door sports car called the Tommykaira ZZ, which debuted in Japan in 2014 for about 8 million yen. Fewer than 100 have sold, according to the company.

While GLM will count on sales of its vehicles to keep the business going in the short term, Koma said the emphasis will shift toward supplying other carmakers with customized engineering solutions and components like chassis platforms, power systems and control units.

The company is close to signing several contracts to supply carmakers mostly in China, he said, without naming the firms.

Wang Jianfeng, chairman of Ningbo Joyson Electronic, whose United States subsidiary last month agreed to buy bankrupt Japanese airbag maker Takata, in April said the country's auto industry can't compete globally without absorbing more foreign engineering knowhow.

The deal for GLM follows a series of global electric vehicle investments for Chinese firms.

In the last five years, autoparts maker Wanxiang Group bought the Karma electric car business operated by US startup Fisker Automotive, along with Karma's battery supplier, A123 Systems.

Jia Yueting, the founder of Chinese technology company LeEco, is an investor in Faraday Future, the Los Angeles-based maker of electric sports cars that hopes one day to compete with Tesla.

Chinese private equity firm GSR Capital is reportedly close to a deal to buy a battery venture owned by Nissan Motor.
[ 投稿者:Georgette at 11:34 | Georgette | コメント(0) | トラックバック(0) ]

2017年07月13日
Belarus gets access for meat exports to China: Belarusian official
Belarus has got the right to supply beef and poultry to China, Belarusian Agriculture and Food Deputy Minister Alexander Subbotin said on Monday dr bk laser.

Subbotin made the remarks to the press prior to the negotiations between Belarusian Agriculture and Food Minister Leonid Zayats and Director of China's General Administration of Quality Supervision, Inspection and Quarantine Zhi Shuping.

"Today 21 Belarusian beef manufacturers and 5 poultry factories will be authorized to export products to China", Subbotin said, adding that 36 Belarusian enterprises had been earlier authorized to sell milk into China.

The deputy minister said that the next step in developing the cooperation with China will be the certification of Belarusian enterprises for the supply of freshwater fish SmarTone Care.

For his part, Zhi Shuping described Belarus-China relations as a friendly strategic partnership.

"Belarus-China trade is thriving. We would like to see Belarus' safe and high-quality products on our market," he stressed.

Two protocols were signed on permission for deliveries of Belarusian frozen beef and poultry to China, as well as a memorandum of understanding on cooperation in providing safety when importing and exporting food products between China's General Administration of Quality Supervision, Inspection and Quarantine and Belarus' Agriculture and Food Ministry Alipay HK.
[ 投稿者:Georgette at 11:58 | Georgette | コメント(0) | トラックバック(0) ]

2017年07月06日
Financing provides revenue, brings dealers and manufacturers closer
More people are buying cars with loans in China, according to a J.D. Power survey, making car financing a growing source of revenue for car dealers in the world's largest auto market SmarTone Care.

The percentage of new vehicles purchased with loans rose to 64 percent from 57 percent in the luxury segment and to 57 percent from 49 percent in the mass market segment saliva testing.

Car financing generated 10 percent of dealers' revenue in 2016, which was just 2 percent in 2011, according to the company.

The findings were based on a survey conducted by J.D. Power China of 2,377 dealers, representing 47 vehicle brands across 84 cities throughout China between December 2016 and March 2017.

"Compared with the United States, auto financing in China is still relatively underdeveloped," said Winston Xue, general manager of financial services at J.D. Power China.

"But it is growing significantly in China, and the young are more inclined to purchase cars with loans."

Statistics from the China Auto Dealers Association show that auto finance had a penetration rate of 81 percent in the US in 2014.

Xue said the situation presents an opportunity for lenders and dealers to offer products that meet the needs of a growing population of car buyers looking to finance their purchases Cantonese opera.

The rise has also become a key driver of Chinese car dealers' overall satisfaction with their lenders, according to the J.D. Power survey.

Specifically, carmakers' financial companies are doing a better job than banks. Out of the top nine financing institutions with which dealers are most satisfied, only two are banks.

Having competitive financial products, including easy application processes, is the top criteria for dealers to select a retail credit lender, according to Xue.

Overall, carmakers' financial companies continue to lead with a market share of 65 percent, up 7 percent from 2016.

Chinese and international carmakers had established 25 auto finance institutions in China as of the end of 2015, with their combined revenue totaling 900 billion yuan ($132.15 billion), Wang Xin, CEO of consulting firm Frost & Sullivan China told China Business News.
[ 投稿者:Georgette at 12:23 | Georgette | コメント(0) | トラックバック(0) ]

2017年06月29日
Fosun CEO resigns as new team named
Group announces record earnings since founding

Fosun International Ltd announced a senior management shake-up alongside its annual results in Hong Kong on Wednesday, following resignations of two top executives on Tuesday job vacancy hk.

Shanghai-based, Hong Kong-listed Fosun announced the major reshuffle after its co-founder and CEO Liang Xinjun and senior vice-president Ding Guoqi resigned.

The company also announced 11 appointments to its senior management team and that it would expand its global partnership to aid international business growth reenex.

Fosun CEO resigns as new team named
Liang Xinjun, former chief executive officer of Fosun International Ltd. [Photo provided to China Daily]

Fosun said it is introducing a new generation of leadership, as two executive directors Chen Qiyu and Xu Xiaoliang were appointed as the group's co-presidents. Chen joined the group in 1994 and Xu in 1998.

"They represent the younger generation of managers who have grown up with Fosun from a young age," said a statement from Fosun.

Liang's and Ding's resignations will affect the company, one of China's largest private companies, according to cofounder and Chairman Guo Guangchang.

Liang said he left for health reasons. He has been replaced by co-founder Wang Qunbin, who oversees the leisure and entertainment businesses, including French leisure group Club Med and entertainment company Cirque du Soleil Derma 21 hard sell.

Ding said he left due to family commitments, according to a Fosun statement to the Hong Kong bourse on Tuesday. He has been replaced by Wang Can, who will oversee financial affairs.

The stock prices of companies controlled by Fosun Group, Fosun International's parent, performed varyingly on Wednesday.

Shanghai-listed Shanghai Fosun Pharmaceutical (Group) Co Ltd dropped 2.35 percent to 27.48 yuan ($3.99). Hong Kong-listed Fosun International rose 2.09 percent to HK$11.72 ($1.5), after the company posted an annual year-on-year profit growth of 27.7 percent

Profit attributed to Fosun's owners hit 10.27 billion yuan, exceeding 10 billion yuan for the first time in Fosun's history since its establishment in 1992.

Guo said he "personally believes that Fosun's shares are severely undervalued" given its talented management team and the company's performance.

Analysts said Fosun's acquisitive approach has helped the company to boost its profits.

"At least in the pharmaceutical sector, Fosun's recent acquisitions have good prospects, considering the leading positions of the technologies and the productivity levels of the entities in which Fosun has invested," said Sinolink Securities Co in a research note.

"Consumption, driven by demand for health, wealth and happiness, has become a major engine for Fosun's growth," said a research note from Jiang Qi, an analyst with Zhong Tai Securities Co.
[ 投稿者:Georgette at 12:37 | Georgette | コメント(0) | トラックバック(0) ]

2017年06月15日
China's richest man loses $29m in Spain property deal
China's richest man Wang Jianlin has lost up to 200 million yuan ($29.3 million) from a deal brokered in Spain three years ago because of a shift in exchange rates BBA scholarship.

Wanda Hotel Development Company Ltd announced on Friday it had sold its stake in Plaza de Espana 19 Development SLU to Spanish property company Baraka Global Invest SLU.

The sale by Wanda Hotel Development, a subsidiary of Dalian Wanda Group chaired by Wang, was completed on Thursday.

As a result, shares in the Hong Kong-listed Wanda Hotel Development climbed 1.45 percent to close at HK$0.7 (9 cents) on Friday.

According to a previous announcement by the company, the sale price was 272 million euros ($305 million), which was higher than the 265 million euros Wanda Hotel Development paid for the Plaza in 2014 dermes.

But because the euro has deprecated since then and the yuan has strengthened in the past few years, the company has lost out on the deal.

Wanda paid the equivalent of 2.2 billion yuan based on the exchange rate in 2014. The 272-million-euro selling price this week translates into 2.08 billion yuan based on current rates.

So, Wang and his company have lost almost 200 million yuan over the deal.

China's richest man loses $29m in Spain property deal
People take a break at Plaza de Espana in Madrid, Spain. [Photo provided to China Daily]

As a landmark in Madrid, Plaza de Espana used to consist of a luxury hotel, a business center and a number of apartments before 2006.

But it had been empty until Wanda took control three years ago.

After it was snapped up, the company planned to restore the Plaza to its former glory with a 200-room luxury hotel, high-end retailing space and 300 residential apartments the pavilia bay.

Unfortunately, Wanda's blueprint was never turned into reality.

A change in attitude of the Spanish government and strong opposition by local residents to restoration work put the plan on ice for at least two years.

Eventually, Wanda lost interest in the project.

According to market research firm ASKCI Consulting Co Ltd in Shenzhen, the group has spent more than $15 billion on overseas acquisitions between 2012 and 2016.

Up to $7.5 billion has been spent on cultural and entertainment projects and $3.5 billion on commercial properties.

So far, the company has been involved in projects in London, Chicago, the Golden Coast of Australia, Sydney, and Los Angeles' Beverley Hills.

Wanda has also been looking at investments in Malaysia and Indonesia as part of the Belt and Road Initiative.
[ 投稿者:Georgette at 12:20 | Georgette | コメント(0) | トラックバック(0) ]

2017年06月01日
Miss you so much, Leslie Cheung
"I am who I am, a different color sparkler. I love myself, just like the bloomy rose waiting to flourish even in the desert," Leslie Cheung sang in one of his musical masterpieces I Polar M600.

Starting his career as a singer in 1977, Cheung rose to fame thanks to the song The Wind Blows On six years later. Cheung has released many popular albums and is considered one of the founding fathers of Canto pop music.

However, there's much more to his superior accomplishments. In the late 1980s, he shifted his career focus to the movie industry and shaped many classic roles that no one can rival even to this day Polar.

Some people said: "You may not really know about Leslie Cheung's music, but you must have seen one or two of his sentimental movies polar m200."
[ 投稿者:Georgette at 12:20 | Georgette | コメント(0) | トラックバック(0) ]

2017年05月24日
World heritage expert goes to ice cave
A world heritage expert has visited an ice cave in Shanxi province believed to have formed 300 million years ago reenex facial.

Located in Luya Mountain, Ningwu County, the cave dates back to the Cenozoic quaternary glacial period and has been dubbed the "ice cave of ten thousand years".

The cave maintains a constant temperature of 6 degrees below zero all year round. With the arrival of spring, flowers are in full bloom outside the cave, while the cold bites inside the cave.

Stalagmites, glazed ice and icicles of various shapes sparkle in the light, creating a magical fairyland. In 2005, the "ice cave of ten thousand years" was listed as national geological park Hong Kong food tour.

In March 2011, it was also named a national 4A level scenic spot. Recently, the UNESCO World Heritage expert Edmund Mukalla was awed by the wonders of the cave during a visit at the request of the World Heritage Center.

Luya Mountain was formally incorporated into the World Heritage declaration list on March 14, 2017, by the World Heritage Center dermes.

[ 投稿者:Georgette at 12:26 | Georgette | コメント(0) | トラックバック(0) ]

2017年05月11日
Lakeside hotels suffer to protect ecology
Hundreds of restaurants and guesthouses around a well-known lake in Yunnan province have suspended business for the construction of a project to protect the ecological environment dermes vs medilase.

Most venues close to Erhai Lake, a popular tourism spot in Yunnan's Dali Bai autonomous prefecture, posted notices about the suspension of their services, after the prefectural government announced on March 31 that a pollutant-interception project would be constructed, according to a China Daily reporter who visited the area.

The decision to suspend businesses was made as the rapid development of the local economy, including the development of its tourism industry - which has brought large numbers of tourists to the lakeside - has imposed great pressure on the environmental carrying capacity. Local authorities said measures must be taken to curb the exacerbation of the issue dermes vs medilase.

The project was initially due to be completed in December 2018, but the first stage of the project is now expected to be finished ahead of schedule and come into service by the end of the year, with a sewage processing capacity of 5,000 cubic meters a day, authorities said.

Many business owners around the lake expressed their understanding of the policy, saying that a clean and beautiful Erhai Lake will guarantee the prosperity of Dali and of their own lives dermes vs medilase.

However, they also said they face practical problems, such as how to make a living during the suspension.

A local resident and founder of a guesthouse close to the lake, surnamed Zhao, started his venture after he graduated from college in 2014.

He said that many tourists had booked stays at his guesthouse before the policy was issued, so he now has to contact the 189 bookings to explain to them one by one that they have to cancel their stay because of the suspension.

The owner of another guesthouse near the lake, surnamed Shi, said he didn't know what to do apart from wait to see what happens.

"Numerous people running a business like mine have lost their sources of income. Some had borrowed money to start their businesses and now have to worry about paying debts without having an income," he said.

Zhang Yong, deputy Party chief of Dali, said the prefecture is drafting a series of regulations on running guesthouses near the lake, with possible clauses such as valid licenses being required, and guesthouses having their own sewage treatment facilities and meeting discharging standards set by environmental authorities.

The regulations are expected to be released before the construction of the project is completed, Zhang said.

Li Xinyi in Dali contributed to this story.
[ 投稿者:Georgette at 12:35 | Georgette | コメント(0) | トラックバック(0) ]

Lakeside hotels suffer to protect ecology
Hundreds of restaurants and guesthouses around a well-known lake in Yunnan province have suspended business for the construction of a project to protect the ecological environment.

Most venues close to Erhai Lake, a popular tourism spot in Yunnan's Dali Bai autonomous prefecture, posted notices about the suspension of their services, after the prefectural government announced on March 31 that a pollutant-interception project would be constructed, according to a China Daily reporter who visited the area.

The decision to suspend businesses was made as the rapid development of the local economy, including the development of its tourism industry - which has brought large numbers of tourists to the lakeside - has imposed great pressure on the environmental carrying capacity. Local authorities said measures must be taken to curb the exacerbation of the issue.

The project was initially due to be completed in December 2018, but the first stage of the project is now expected to be finished ahead of schedule and come into service by the end of the year, with a sewage processing capacity of 5,000 cubic meters a day, authorities said.

Many business owners around the lake expressed their understanding of the policy, saying that a clean and beautiful Erhai Lake will guarantee the prosperity of Dali and of their own lives.

However, they also said they face practical problems, such as how to make a living during the suspension.

A local resident and founder of a guesthouse close to the lake, surnamed Zhao, started his venture after he graduated from college in 2014.

He said that many tourists had booked stays at his guesthouse before the policy was issued, so he now has to contact the 189 bookings to explain to them one by one that they have to cancel their stay because of the suspension.

The owner of another guesthouse near the lake, surnamed Shi, said he didn't know what to do apart from wait to see what happens.

"Numerous people running a business like mine have lost their sources of income. Some had borrowed money to start their businesses and now have to worry about paying debts without having an income," he said.

Zhang Yong, deputy Party chief of Dali, said the prefecture is drafting a series of regulations on running guesthouses near the lake, with possible clauses such as valid licenses being required, and guesthouses having their own sewage treatment facilities and meeting discharging standards set by environmental authorities.

The regulations are expected to be released before the construction of the project is completed, Zhang said.

Li Xinyi in Dali contributed to this story.
[ 投稿者:Georgette at 12:35 | Georgette | コメント(0) | トラックバック(0) ]