Alibaba launches eWTP in Malaysia -- Alibaba’s first overseas Electronic World Trade Platform (eWTP) started operation on November 3 in Kuala Lumpur, capital of Malaysia.Alibaba Group chairman Jack Ma said that Alibaba established the eWTP for small and medium-sized enterprises (SME) and young people to trade, seek financing, make payment and deliver goods worldwide.
Caterpillar and China Energy Investment sign strategic deal -- Caterpillar Inc, the US-based conglomerate, and China Energy Investment Corp signed a five-year strategic cooperative framework agreement in Beijing on Nov. 8. It outlines future collaboration for mining equipment sales and rentals, technology applications and product support provided by Caterpillar and its local dealers, the US firm said.
Food app aims to serve up authentic culinary experience -- Chinese travelers will be able to get an authentic taste of the places they visit, thanks to a new app that makes it possible to eat a meal that is cooked and served in a local's home. VizEat, which was founded in France in 2014, is a social dining platform. The company has now teamed up with Chinese travel companies Ctrip, 8Pig Travel and Huawei in order to reach more Chinese customers.
Chinese carmaker to promote green transport in Philippines -- China's leading new-energy carmaker BYD said November 8 that it planned to introduce a series of electric buses and trucks to the Philippines. The Shenzhen-based company and Philippine Columbian Motors Corporation (CMC) have reached a cooperation agreement on green transport. BYD will initially produce 10 electric buses and 14 electric trucks by next February. The CMC will be in charge of sales in the Philippines.
Angola Cables joins Microsoft for digital transformation in Africa -- Angola Cables has partnered with Microsoft to offer cloud solutions, becoming a Microsoft Express Route partner, capable of meeting the needs of organizations in the African continent. According to a note from the Angola Cables disclosed November 8 in Luanda, these services aim to provide optimized conditions for companies to migrate their business applications and IT infrastructures to the cloud, which is expected to accelerate digital transformation on the continent.
JD comes out with 2bln USD sourcing plan -- JD.com Inc, China's second biggest e-commerce player, announced on November 8 that it intends to purchase more than 2 billion U.S. dollars of goods from the United States over the next three years, including the import of more than 1.2 billion U.S. dollars of beef from Montana Stock Growers Association (MSGA) and pork from Smithfield Foods. The agreement was signed as US President Donald Trump started his first state visit to China.
Volkswagen China JV to launch new brand -- FAW-Volkswagen, a Sino-German joint venture, has announced it will release its third brand during the next decade. The new brand follows Audi and Volkswagen, the company said as it unveiled its strategy for 2025, which included a focus on developing new energy cars and Internet connectivity preinstalled in all vehicles before they leave the factory.
China, U.S. sign 9 bln USD business deals -- China and the United States on November 8 signed business deals worth about 9 billion U.S. dollars in Beijing, according to a senior U.S. official."Today's deals are approximately 9 billion dollars, and much much more will come tomorrow," U.S. Secretary of Commerce Wilbur Ross said on November 8.
China, Australia sign agreement to share fintech information -- Chinese and Australian securities regulators have signed an agreement on sharing fintech information, the China Securities Regulatory Commission (CSRC) said on November 6.
The agreement was signed by Liu Shiyu, head of the CSRC, and Greg Medcraft, chairman of the Australian Securities and Investments Commission, the CSRC said in a statement.
The two sides will share information on developments in the fintech field and relevant regulatory policies, said the CSRC.
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