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Chinese company invests $46m in Australian vitamin maker Blooms

Le 29 juin 2017, 05:55 dans Humeurs 0

Australian vitamin supplement company Blooms has closed a deal with Goubuli Group, that will see the Chinese company invest A$60 million ($46 million), in order to enhance their synergy within the booming sector.

 

The Tianjin based company plans to import their products, and provide distribution throughout China for the Australian vitamin maker, co-branding with their successful "Tianjin Tong Ren Tang" range.

 

Jason Li, chief executive of Yatsen Associates who helped broker the deal, told the Australian Financial Review, that for Goubuli the choice to invest was simple, as they had "fully integrated operations" that could be utilized for both companies ongoing success.

 

"The deal was valued at about 11 times their 2016 EBITDA (earnings before interest, tax depreciation, amortisation) which shows the continued strength of the sector," Li said.

 

"There was very considerable interest from Chinese financial and strategic investors who all wanted authentic, established Australian healthcare brands."

 

Chinese companies are looking at ways to use modern technology to allow for their "foul tasting" medicines to be turned into easily consumable tablets, according to Li, adding that the vitamin sector is one for great opportunities between Chinese and Australian businesses.

 

The recent relaxing of the rules concerning pharmaceuticals in the China-Australia Free Trade Agreement, has led to positive outcomes, and increased trade between Australia and China.

Inner Mongolia: To tour or not to tour

Le 8 juin 2017, 05:29 dans Humeurs 0

Inner Mongolia autonomous region enchants people as a natural escape with sprawling landscapes, captivating culture and fresh air that city dwellers rarely experience. However, its gargantuan size also makes some travelers feel so overwhelmed by the spanning options they struggle to decide where to even begin in the region the pavilia bay.

 

At least that's how I felt when trying to plan a trip to this destination. I’ve wanted to travel to Inner Mongolia autonomous region pretty much since I first arrived to China, and when I finally got the opportunity, there seemed to be two viable options: hop on a preplanned tour or try to figure out an alternative route by hiring a driver.

 

Commercial tours have opened the door for many who otherwise may be too intimidated to take on the vast region. Over 9.4 million tourists visited Ulanqab from January to August alone and 7.6 billion yuan ($1.14 billion) was spent on tourism, which is an increase of 11.1 percent from the year before, China Daily reported BBA scholarship.

 

Inner Mongolia autonomous region also saw about 8.54 million tourists over the National Day holiday, an increase of 21.5 percent from last year. And those numbers are set to increase as more money is pumped into the tourism industry dermes.

Amazon report shows Chinese keen on reading

Le 16 mai 2017, 05:36 dans Humeurs 0

Amazon China, one of the largest online booksellers, released its 2017 Reading Report on April 20, which shows a continued interest in reading and some new trends among Chinese readers.

 

Based on 14,000 surveys and company data, Amazon reports that 56 percent of those surveyed read more than 10 books last year, continuing a trend found in previous years.

 

But this year it finds that 78 percent of the readers are sharing reading experiences on social media, such as on instant-messaging app WeChat, micro blog Sina Weibo, review website Douban and question-and-answer website Zhihu.

 

Reading books on electronic devices is a major factor that fuels the behavior of sharing. The report reveals 71 percent of those born in the 2000s choose to read books on Kindle, the company's electronic devices, whereas only 25 percent among those born in the 1950s do so.

 

People in Beijing, Shanghai, Guangzhou and Shenzhen are leading a trend of reading books in English, while there is an overall growth of 68 percent for its English e-books sales.

 

The most popular title among English e-books on Amazon China: British author J.K. Rowling's Harry Potter series.

 

Hot TV series and movies push people to read the original books from which the dramas are adapted.

 

Recent cases are In the Name of People and Three Lives Three Worlds, Ten Miles of Peach Blossoms, which helped the books of same name become best-sellers.

 

The TV show Chinese Poetry Competition boosted the sales of ancient poem anthologies on Amazon's e-book platform by 154 percent.

 

The company has been releasing its annual reading report in China ahead of World Book Day on April 23 since 2014.

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