Geography of Asia

Reservoir Invests In Outdustry, Expanding Its Emerging Market Strategy

Retrieved on: 
Thursday, July 22, 2021

The deal sees Reservoir investing as a minority partner in Outdustry to build on its successes in China and India and extend its strategy to other emerging music markets.

Key Points: 
  • The deal sees Reservoir investing as a minority partner in Outdustry to build on its successes in China and India and extend its strategy to other emerging music markets.
  • Since this agreement, Reservoir has seen triple-digit percentage increases in collections from the territory.
  • Reservoir Founder and CEO Golnar Khosrowshahi said, We are confident that expanding our partnership with Outdustry will build on our incredible success together to date and deepen our presence in emerging markets.
  • Reservoir is an independent music company based in New York City and with offices in Los Angeles, Nashville, Toronto, London, and Abu Dhabi.

China Literature to Report First Half 2021 Financial Results on August 16, 2021

Retrieved on: 
Wednesday, July 21, 2021

HONG KONG, July 21, 2021 /PRNewswire/ -- China Literature Limited ("China Literature" or "the Company", 0772.HK), a leading online literature and intellectual property ("IP") incubation platform in China, will announce its financial results for the first half of 2021 on Monday, August 16, 2021.

Key Points: 
  • HONG KONG, July 21, 2021 /PRNewswire/ -- China Literature Limited ("China Literature" or "the Company", 0772.HK), a leading online literature and intellectual property ("IP") incubation platform in China, will announce its financial results for the first half of 2021 on Monday, August 16, 2021.
  • China Literature's management team will host a conference call to present an overview of the Company's financial performance and business operations.
  • A live webcast of the call can be accessed on the Company's investor relations website.
  • Details of the conference call and webcast are as follows:
    Time: 8:00 pm (Hong Kong Time) / 8:00 am (U.S. Eastern Time)

Suning Cross-border Payment was Granted the Hong Kong Licence for Operating Money Service, Upgrading the One-stop Solution for Overseas Brands to Enter mainland China

Retrieved on: 
Monday, July 19, 2021

The approval of "Licence for Operating Money Service" in Hong Kong means it officially obtained permission to execute cross-border remittance and exchange business in Hong Kong.

Key Points: 
  • The approval of "Licence for Operating Money Service" in Hong Kong means it officially obtained permission to execute cross-border remittance and exchange business in Hong Kong.
  • "The acquisition of this licence upgrades Suning Financial Service cross-border payment business capabilities and confirms further improvements in the 'one-stop solution for overseas brands to entermainland China' service.
  • In addition to that, we can provide safer and more convenient full-process payment services for overseas brands to enter the Chinese mainland market.
  • As an imported supply chain retail service platform, the 'one-stop solution for overseas brands to enter mainland China' service can help more overseas brands take root inmainland China."

Suning Cross-border Payment was Granted the Hong Kong Licence for Operating Money Service, Upgrading the One-stop Solution for Overseas Brands to Enter mainland China

Retrieved on: 
Monday, July 19, 2021

The approval of "Licence for Operating Money Service" in Hong Kong means it officially obtained permission to execute cross-border remittance and exchange business in Hong Kong.

Key Points: 
  • The approval of "Licence for Operating Money Service" in Hong Kong means it officially obtained permission to execute cross-border remittance and exchange business in Hong Kong.
  • "The acquisition of this licence upgrades Suning Financial Service cross-border payment business capabilities and confirms further improvements in the 'one-stop solution for overseas brands to entermainland China' service.
  • In addition to that, we can provide safer and more convenient full-process payment services for overseas brands to enter the Chinese mainland market.
  • As an imported supply chain retail service platform, the 'one-stop solution for overseas brands to enter mainland China' service can help more overseas brands take root inmainland China."

Jiuzi Holdings, Inc. Signs Strategic Agreement with Chongqing Ruichi Automobile Industry Co., Ltd.

Retrieved on: 
Monday, July 19, 2021

HANGZHOU, China, July 19, 2021 /PRNewswire/ -- Jiuzi Holdings, Inc. (NASDAQ: JZXN; the "Company"), a new energy vehicles franchisor and retailer under the brand name "Jiuzi" in China, today announced that it entered into a strategic cooperation agreement with Chongqing Ruichi Automobile Industry Co., Ltd. ("Ruichi") on June 25, 2021.

Key Points: 
  • HANGZHOU, China, July 19, 2021 /PRNewswire/ -- Jiuzi Holdings, Inc. (NASDAQ: JZXN; the "Company"), a new energy vehicles franchisor and retailer under the brand name "Jiuzi" in China, today announced that it entered into a strategic cooperation agreement with Chongqing Ruichi Automobile Industry Co., Ltd. ("Ruichi") on June 25, 2021.
  • Pursuant to the agreement, Ruichi will supply 500 logistics vehicles to JZXN during the initial term, and conduct sales at the Company's chain stores.
  • Ruichi has also ranked first in sales for ten consecutive months since March 2020, according to data published by the Chinese Association of Automobile Manufacturers.
  • About Chongqing Ruichi Automobile Industry Co., Ltd.
    Chongqing Ruichi Automobile Industry Co., Ltd., was founded in September 2003, and is a wholly-owned subsidiary of Chongqing Xiaokang Industrial Group Co., Ltd.

China Liberal Announces Extension of Letter of Intent to Acquire Wanzhong (Hong Kong) Education Investment Management Co., Ltd

Retrieved on: 
Monday, July 19, 2021

Either party to the LOI Extension Agreement may, at any time, terminate the negotiations of the potential acquisition with the other party unilaterally.

Key Points: 
  • Either party to the LOI Extension Agreement may, at any time, terminate the negotiations of the potential acquisition with the other party unilaterally.
  • That is why we entered into the LOI Extension Agreement after about half a year of negotiations.
  • We originally focused on providing teaching, management, information services, internship and employment services.
  • About Wanzhong (Hong Kong) Education Investment Management Co., Ltd
    Wanzhong (Hong Kong) Education Investment Management Co., Ltd operates an independent three-year college and a four-year college, which were formed by a public school but operated as private schools.

AmCham Hong Kong forms partnership with The Executive Centre

Retrieved on: 
Wednesday, July 14, 2021

HONG KONG, July 14, 2021 - (ACN Newswire) - The Executive Centre ("TEC"), the leading premium flexible workspace provider serving more than 35,000 members in 32 cities across the world's fastest-growing economies of Asia-Pacific and the Middle East, has formed a strategic partnership with the American Chamber of Commerce in Hong Kong ("AmCham") to further support American and multinational corporations' (MNCs) presence in Hong Kong.

Key Points: 
  • HONG KONG, July 14, 2021 - (ACN Newswire) - The Executive Centre ("TEC"), the leading premium flexible workspace provider serving more than 35,000 members in 32 cities across the world's fastest-growing economies of Asia-Pacific and the Middle East, has formed a strategic partnership with the American Chamber of Commerce in Hong Kong ("AmCham") to further support American and multinational corporations' (MNCs) presence in Hong Kong.
  • Our two businesses share a common goal of furthering business growth in Hong Kong," said TEC's Regional Managing Director of Hong Kong, Macau and Taiwan, Nadia Zhu.
  • The Executive Centre (TEC) opened its doors in Hong Kong in 1994 and today boasts over 150+ centres in 32 cities and 14 markets.
  • AmCham's mission is to foster commerce among the United States, Hong Kong, and Mainland China; and to enhance Hong Kong's stature as an international business center.

McFaddens & Co and CIIC Group launch joint venture to expand Multi-Family Office services into China and Hong Kong

Retrieved on: 
Wednesday, July 14, 2021

McFaddens & Co (McFaddens or the Group), an international multi-family office providing the global suite of investment, wealth management, and philanthropic and lifestyle services, announces that it has entered into a joint venture with China International Industry & Commerce Co. Ltd. (CIIC Group) to launch a multi-family office network in both mainland People's Republic of China and Hong Kong.

Key Points: 
  • McFaddens & Co (McFaddens or the Group), an international multi-family office providing the global suite of investment, wealth management, and philanthropic and lifestyle services, announces that it has entered into a joint venture with China International Industry & Commerce Co. Ltd. (CIIC Group) to launch a multi-family office network in both mainland People's Republic of China and Hong Kong.
  • Through the joint venture, McFaddens and CIIC Group will establish a multi-family office network as well as fund management and advisory services to address the significant opportunity of the rapidly growing family office sector in China - one of the most buoyant in the world.
  • We are excited to partner with CIIC Group to establish the McFaddens footprint in China and Hong Kong, said Max Eppel, CEO of McFaddens.
  • CIIC Group is a trusted and established name in China, which is perfectly placed to support us in delivering our full suite of services.

Non-Contact Export Consultation Carried Out With 20 Korean Digital Content Companies and 37 ASEAN Companies Prior to Singapore ICT Exhibition ‘ConnecTechAsia’

Retrieved on: 
Monday, July 12, 2021

The Korean digital content companies supported by MOIBA have successfully finished a non-contact export consultation with ASEAN countries.

Key Points: 
  • The Korean digital content companies supported by MOIBA have successfully finished a non-contact export consultation with ASEAN countries.
  • The consultation was performed prior to the online Singapore ICT exhibition CommunicAsia 2021-ConnecTechAsia (CTA) which is held from July 14 to 16 hosted by IMDA and sponsored by Informa Tech.
  • 20 digital content (DC) companies from Korea, a digital powerhouse, are participating in the exhibition.
  • A CTA official said, Most ASEAN countries are highly interested in the Korean DC industry, promoting an active digital transition policy.

Qilian International Holding Group Limited Enters into Investment Agreement for Pig By-product Processing Project in Chongqing

Retrieved on: 
Friday, July 9, 2021

The Project is expected to receive preferential policies from the government at the national, municipal and local levels.

Key Points: 
  • The Project is expected to receive preferential policies from the government at the national, municipal and local levels.
  • Mr. Zhanchang Xin, Chairman and CEO of the Company, commented, We are very pleased to work with CJT on the Project.
  • As a key area for pig breeding and pork production in China, Chongqing has sufficient raw materials for the production of heparin sodium preparations.
  • Qilian International Holding Group Limited, headquartered in Gansu, China, is a pharmaceutical and chemical products manufacturer in China.