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CanCham News Roundup: Feb. 6

Canada on List for Major JD.com F&B Promo
Canada is on the roster of six countries involved in a new major promotion on JD.com, which aims to expand the selection of imported foods and beverages for its 50 million-strong mainland customer base, reports South China Morning Post. Currently mainland customers can order a range of imported goods from China’s largest online direct sales company, including chocolates from Ghirardelli and Mars, ground coffee beans from Starbucks, Boston lobster and US-grown fruits. The promotion is aimed raising the relatively low penetration rates of packaged food and beverages, which, according to Euromonitor, is less than one percent on the mainland for fresh foods. Mainland customers will soon be just a click away from having a swathe of goods from Canada, U.S., France, Australia, New Zealand and Chile delivered to their homes, a group of countries that represents the world’s largest wine-producing and agricultural nations.

Alibaba Deletes Copycat Listings for Canadian-designed Strainer
In a move that underscored the sensitivity of copycat issues for Alibaba, the company removed posts raising funds for and selling a copycat strainer originally designed by a Canadian man, reports The Globe and Mail. Ryann Aoukar was “shocked to see his promotional material, and even his whole image, purloined wholesale by unknown Chinese vendors.” Alibaba is also returning over C$10,000 raised in a false crowdfunding campaign that claimed the strainer was the product of a locally-run project working in tandem with an Italian designer.

China Eager for Ontario Bullet Train
China has suggested trading its high-speed railway knowledge for natural resources as Ontario contemplates a high-speed rail corridor between Toronto and Windsor, reports The Globe and Mail. Ontario is considering the bullet train as one of a group of potential transportation projects, while China wants to improve its image in Canada after a backlash against the billions of dollars state energy companies invested in Canadian oil and gas.

Hong Kong Investor Sets Sights on Nova Scotia
Hong Kong investor Victor Chu has announced a new C$50 million venture fund aimed at companies in Nova Scotia, reports The Chronicle Herald. Chu is a pioneer in private-equity investing in Asia, and his holding company, First Eastern Investment Group has invested in over 100 companies, mainly in China, but also increasingly in Europe. Currently the majority of Nova Scotia’s exports are to the U.S.

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