27 November 2017

Media, News, Update

CBI China Weekly Update

A weekly roundup of news from the CBI's China Office.

CBI China Weekly Update

Last week in China:

China’s Singles Day smashes online sales records – Singles Day, a shopping holiday popularized by internet-giant Alibaba in the early 2010s, is China’s equivalent of ‘Black Friday’ and has seen a meteoric rise in e-commerce sales over the past few years. 

  1. Crazy statistics from China’s biggest shopping day of the year – Quartz
  2. China’s $100b online shopping niche – Tech In Asia
  3. Chinese shoppers spend a record $25bn in Singles Day splurge – The Guardian
  4. Alibaba sales surge $5 billion in first 15 minutes on Singles Day – CNBC
  5. Alibaba records RMB 168.2 Billion in Singles’ Day Sales – technode

ASEAN Update

China is donating 150 million renminbi yuan or P1.15 billion for the rehabilitation of war-torn Marawi City, Chinese Premier Li Keqiang announced during his official visit to the Philippines on Wednesday, November 15. Li made the announcement in his joint statement with President Rodrigo Duterte after their bilateral meeting in Malacañang on Wednesday. Read more

Sector specific articles:

China Calendar Fourth Quarter 2017

  • November 29th – CBI China Member Breakfast with David Kelly
  • December 1stBritish Christmas Party Beijing
  • December – UK-China People to People Dialogue
  • December – UK-China Economic and Financial Dialogue
  • Mid-February 2018 – CBI Annual Chinese New Year Dinner