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Business Tianjin Magazine - Business English Magazine in China

 

Tianjin Port To Inject 230M Yuan Into Financial Firm

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NEWS - Tianjin Transportation

Monday, 11 July 2011 15:06


Tianjin Port (600717) intends to inject 230 million yuan into Tianjin Port Finance, of which 168 million yuan will be injected to the new financial firm’s registered capital while the remainder will supplement its capital surplus, reports China Securities Journal, citing a company filing.

Tianjin Port estimated an investment payback period of 8.4 years, with a profit margin of 10.1 percent for the capital injection.

Tianjin Port Finance reported revenue of 41.94 million yuan and net profit of 27.79 million yuan in the first quarter of 2011. In 2010, the company posted revenue of 147 million and net profit of 81.56 million yuan.

Tianjin Port specializes in port handling services, commodities distribution, tugboat services, processing, cargo storage, freight forwarding and shipping brokerage services.


 

 

7th Chiang-Chen talks slated for August in Tianjin

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NEWS - Tianjin Trade

Monday, 25 July 2011 13:55


Taipei,  The seventh round of top-level talks between Taiwan and mainland China will likely take place in China's northern metropolis of Tianjin in August, according to an official familiar with cross-Taiwan Strait affairs.

There have been no meetings between Chiang Pin-kung, chairman of Taiwan's intermediary Straits Exchange Foundation (SEF), and Chen Yunlin, president of the Beijing-based Association for Relations Across the Taiwan Straits (ARATS), since December, and now it is China's turn to host.

The talks have been tentatively scheduled for the second half of August.

Meetings between the SEF and ARATS heads have become part of institutionalized talks between Taiwan and China in the absence of official ties.

Liu Te-shun, deputy minister of the Mainland Affairs Council (MAC), confirmed Thursday that "August is highly possible" for the next Chiang-Chen rendezvous.

The MAC, the top planner of Taiwan's mainland policy, supervises the SEF's operations.

As to whether an investment protection agreement between the two sides will be forged during the seventh round of talks, Liu declined to elaborate, only saying that SEF and ARATS officials have met at least eight times over the past year on the matter, and they have intensified their opinion-exchanging recently.

The investment protection agreement, a deal that was expected to be clinched last December, fell through in part because of a lack of consensus over the deal's arbitration mechanism. Taiwan wanted the deal to stipulate that disputes would be settled by international arbiters, but China balked because it feared such a deal would tacitly acknowledge Taiwan's sovereignty.

On a cross-strait nuclear safety pact, another focus of the seventh Chiang-Chen meeting, Liu said the two sides have completed only one round of talks. Despite making some headway, the two sides need to further communicate on certain issues before concluding the pact, he added.

Follow-up issues relating to the Economic Cooperation Framework Agreement (ECFA) that the two sides signed in 2010, such as trade in goods and services and a dispute resolution mechanism, are also expected to be on the table. (By Chen Hung-chin and Deborah Kuo) enditem/ly .

   

Yahoo shares up on report that Alibaba is preparing bid

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NEWS - China Social

Friday, 02 December 2011 13:25

 
Shares in Yahoo rose on reports that China's Alibaba Group was preparing a takeover bid with private equity firms Blackstone and Bain Capital.

Yahoo shares ended Thursday trading on the Nasdaq tech exchange 3.3% higher, having been 4.8% up at one point.

Unconfirmed reports said the consortium may pay up to $20 per share - well above Thursday's close of $16.23 - valuing Yahoo at $25bn (£16bn).

Alibaba, one of China's top internet firms, said it was weighing options.

"Alibaba Group has not made a decision to be part of a whole company bid for Yahoo," said John Spelich, spokesman of Alibaba Group.

Buying back stake?

Alibaba has had a long association with Yahoo, but relations have taken a turn for the worse in recent years.
The two companies came together after Yahoo bought a 43% stake in Alibaba in 2005 for $1bn.

However, things between the two have not worked out as planned, prompting Alibaba to try and buy back its stake.

The relations hit a turning point earlier this year after Alibaba spun off its online payment business, Alipay, effectively putting it out of the reach of Yahoo.

Yahoo accused the Chinese company of hiding the switch from it, saying the change had been made in August 2010, but it only found out about it in March this year.

Analysts said Alibaba's interest in bidding for Yahoo was being dictated in part by its efforts to get back full control of its own company.

"Alibaba definitely wants to get its stake back from Yahoo, so whatever can make that happen, they will try for it," said Dick Wei of JP Morgan in Hong Kong.

Contrasting fortunes

Yahoo has been struggling to keep hold of its market share amid growing competition from the likes of Google and Facebook.

Its failure to do so resulted in chief executive Carol Bartz being fired earlier this year, and the company launching a strategic review of its operations.

While Yahoo has seen its fortunes fall, Alibaba Group has been growing robustly, helped by a boom in the Chinese internet market.

With more than 500 million users, China is the world's biggest online market and it is is expanding at a rapid pace.

Alibaba has cashed in on the growth. The group's online shopping website Taobao is the largest in China and boasts 50 million unique visitors a day.

It has become the top destination for almost three-quarters of the country's online shoppers.

It hosts 30,000 online stores, and about 53,000 items are sold on the Taobao website every minute.
 

Business Tianjin OUT! December 2019 Edition

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NEWS - Tianjin Finance

Written by Helen Wednesday, 04 December 2019 18:07

User Rating: / 1
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BT 201912 340X458

BT 201912 QR PDFWe have interacted this month with Dr Joseph Shumway, the Chief Medical Officer (CMO) at Tianjin United Family Hospital (TJU), an American with an impressive career as a medical doctor.
 

Tianjin United Family Hospital is a leading medical facility, integrating excellent and safe healthcare under one trusted United Family Health brand. It incorporates a dedicated and credentialed team of medical staff in the mission of providing the best care to their valued patients. One can expect personalized attention and quality healthcare by highly competent and skilled medical professionals, but we also can find passionate people performing their daily work in a perfect harmony.
 

Last month economic data showed disparate performance in different areas of the economy. Manufacturing activity is weakening, but consumer sentiment is still healthy. Domestic demand for consumption remains strong, while global demand is impacted by trade war concerns. The government is adamant about maintaining growth and is taking concrete measures. The true impact of these efforts can be measured only after a necessary time interval for them to materialize. Even if the trade war tensions do not ease, there are still plenty of strategies that the government can explore. The government is likely aware of its options. It will probably have to contend with alternatives, as a trade deal is not yet easily foreseeable.
 

The rise of the Chinese banking sector and the Chinese financial institutions at large signifies a shift in power in the global financial infrastructure and architecture. We analyse in our Feature Story column the reason why they represent a challenge to the system that was produced by the Bretton Woods agreement. The western financial system is no longer the only player, and in the future, this may pave the way for a multilateral global financial system.
 

With the growth of the new retail ecosystem in China, the Chinese tech companies are increasingly becoming more powerful with massive repositories of data on Chinese consumers. Many brands take the assistance of these Chinese tech biggies in entering the China market, whether it’s by using the latest AI technology, building an inventory platform, or a delivery infrastructure. Get to know in our In Depth section how China is revolutionising the concept of ‘Smart Retailing’.
 

Visit our website www.businesstianjin.com and follow us on our official Wechat account (ID: business_tianjin) for a complete list of articles and information.
 

Mary Smith
Managing Editor | Business Tianjin Magazine
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

BT 201912 QR PDFCONTENTS

06 BIZ BRIEFS

10 ECONOMY: Variance in Performance

BT 201912 ECONOMY 0112 FEATURE STORY: Chinese Banks

BT 201912 FEATURE 0116 COVER STORY: Personalized care and best practice

cover story22 INSPIRATIONAL: Courage and strong determination

BT 201912 in depth 0124 TRAVEL: Hoi An

BT 201912 YTRAVEL 0128 Real Estate: Urban Areas and Climate Change

BT 201912 real 0130 INVESTMENT: MEGVII

BT 201912 investment 0132 IN DEPTH: How China is revolutionising the concept of smart retailing

BT 201912 in depth 0235 NUMBERS
36 TAX & FINANCE: New measures for Non-resident Taxpayers claiming treaty benefits

BT 201912 tax 0140 LEGAL ASSISTANT: Financing your WFOE in China

42 TECH: Unveiling the power of AI with solutions designed for enterprise

BT 201912 hr 0144 E-BIZ: Tips on how to protect your Ecommerce store from payment fraud

BT 201912 tech 146 BUSINESS NEWS
54 MARKETING: Forget the Marketing Funnel

BT 201912 marketing 0156 HR: How Small Businesses Can Recruit And Retain Great Talent

BT 201912 hr 0258 CHAMBER REPORTS
60 LISTING
66 ART & LEISURE: Jianzi: Chinese Hacky

BT 201912 art 0168 BOOK REVIEW: Jack Ma - The Art of Dreaming & Succeeding Extraordinarily

BT 201912 BOOK 0169 LAST WORDS: MajiangBT 201912 last 01

   

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