Email By Christina Zhou Updated September 02, 2017 16:10:58 Photo: Ming Ouyang packs an order for a customer. (Supplied: Ming Ouyang) Related Story: Melbourne baby formula pop-ups 'not behind shortage of product' Related Story: Government in talks over baby formula shortage as Chinese demand strips shelves Map: Carnegie 3163 As Ming Ouyang walks into a Sydney Kmart, preparing to stock his basket with toys, hundreds of people in China are watching the live stream from his phone.He's filming his visit to prove his purchases are from an Australian shop — so his Chinese customers can be confident they're getting what they're paying for. Until last February, Mr Ouyang, better known by his nickname Qi Ge, was working in the international trade of iron ore, but now he does this sort of shopping for a living.He runs his business on Chinese social media app WeChat and takes between 50 and 60 orders from China every week.He's part of a huge phenomenon known as "daigou", … [Read more...] about Daigou: Why China is tuning in to live streams from Aussie shops
Walmart debuts high tech supermarket in china
Email By the National Reporting Team's Josie Taylor Updated November 13, 2015 14:42:49 Photo: Mr Durkan said the shortage was an "industry-wide issue that needs an industry-wide solution". (Will Ockenden) Related Story: Government in talks over baby formula shortage as Chinese demand strips shelves Map: Australia Coles managing director John Durkan has lashed out at the Assistant Trade Minister over his comments saying baby formula shortages are a "retail problem".In a statement to the ABC, Mr Durkan said "suggestion that retailers are to blame is simply politicking".The supermarket giant moved to defend itself after days of criticism from customers who have not been able to purchase certain kinds of baby formula at their supermarkets.Senator Richard Colbeck told numerous media outlets he had met with the chief executives of Woolworths and Coles to discuss the shortages."I have had contact with some of the manufacturers, saying these are some of the issues that we have. … [Read more...] about Coles boss John Durkan defends supermarket amid criticism over baby formula shortage
Minneapolis: When Liu Jingyao introduced herself, in the lobby of her apartment building, I didn’t recognize her. It was a puzzling feeling. For an entire year, photos of her had blanketed the Chinese internet. Like tens of millions of other Chinese, I had watched and rewatched surveillance video of her in this very building. She was one of the most talked about and mysterious women in China, and I thought I knew what she looked like. In the video, she wanders the halls of a mazelike building, with a man trailing along. They get in and out of several elevators. She seems unsure about how to get to her apartment. She wears striking waist-length hair and a long, dark knit dress. She doesn’t look glamorous, exactly, but for a 21-year-old college junior, she is dressed smartly. But on a morning in early August, she greeted me in a loosefitting checkered dress. Now 22, she looked pale and nervous. Her lips were chapped. She invited me upstairs and began an intense conversation … [Read more...] about She Accused a Tech Billionaire of Rape. The Chinese Internet Turned Against Her
By Jenny Leonard The US and China announced Friday that they reached a phase-one trade deal but provided little detail on what exactly will be part of the agreement. US Trade Representative Robert Lighthizer brought a print-out of the 86-page agreement to a briefing with reporters Friday afternoon as a “show-and-tell” to prove that it’s all done and written up. Lighthizer said it’s an important step forward for the two countries while acknowledging that a lot of big issues are outstanding and need to be addressed in future negotiations. Here’s what we do and don’t know: Tariffs As part of the deal, the US will halve its 15 per cent tariff on about $120 billion in Chinese goods. It will also suspend indefinitely planned duties that were set to take effect on Sunday that would have covered consumer favorites such as smartphones and laptops. That leaves roughly $250 billion taxed at 25 per cent and $120 billion that will be subject to a 7.5 per … [Read more...] about Phase-one China-US trade deal: what’s in and what’s missing?
Video PlayerClose HANGZHOU, June 8 (Xinhua) -- China's online payment giant Ant Financial announced Friday that it has raised around 14 billion U.S. dollars in its latest round of financing to accelerate its global expansion and develop new technology. The funds will be used to accelerate Alipay's globalization and develop technology to better deliver inclusive financial services to consumers and small enterprises globally, Ant Financial said in a statement. The company said the funds will be used to cultivate high-tech talent in emerging markets to help communities take advantage of the opportunities arising from digital transformation. Participants in the financing round include investors from both RMB and U.S. dollar tranches. Apart from the existing shareholders of the company, new global institutional investors have participated in the U.S. tranche. "The company will continue to invest in developing its blockchain, AI, security, Internet of Things, and computing capabilities to … [Read more...] about China’s Ant Financial raises $14 bln in latest funding round