Hungary is a Popular investment Destination for China

Hungary is a Popular investment Destination for China

The largest manufacturer of batteries for electric vehicles in China, Contemporary Amperex Technology Ltd (CATL), recently revealed plans to construct a battery plant in Hungary at a cost of 7.34 billion euros (50.79 billion yuan). When completed, it will be the largest battery cell manufacturing facility in Europe. It will be “the largest ever greenfield…

Zimbabwe massive export of fruits to China

Zimbabwe massive export of fruits to China

The General Administration of China’s Customs said on July 1 that fresh citrus from Zimbabwe that abides by bilateral phytosanitary regulations can be imported into China. Sweet oranges (Citrus sinensis), mandarins (Citrus reticulata), grapefruits (Citrus paradisi), lemons (Citrus limon), limes (Citrus aurantifolia), and bitter oranges are now all legal to import from Zimbabwe (Citrus aurantium)….

Luckin Coffee vs Starbucks battle in China: How wins?

Luckin Coffee vs Starbucks battle in China: How wins?

Chinese rival to Starbucks, Luckin Coffee, is seeking a daring comeback two years after an accounting scandal rocked its U.S. operations. Luckin’s net income rose by 72.4% to 3.29 billion RMB ($487.92 million) in the company’s second quarter financial report. Revenue in China dropped by 40% to 3.68 billion RMB ($544.5 million) in the third…

Tongcheng Travel in China is Betting Big on the Z-Generation

Tongcheng Travel in China is Betting Big on the Z-Generation

Tongcheng Travel, a Chinese internet travel operator, appears to be following the adage “catch ’em young” in its efforts to increase brand awareness among millennials and Gen Zers through a variety of recent marketing initiatives. Tongcheng Travel, formerly known as Tongcheng-Elong, rebranded as ly.com in late April 2020. The company’s new name and logo reflect…

Ethiopia hopes to attract more Chinese tourists via digital technology

Ethiopia hopes to attract more Chinese tourists via digital technology

Ethiopia is working with China to build up the country’s tourism industry, hoping to draw in more Chinese visitors. In Oromia, the largest regional state in Ethiopia, local and Chinese tourism professionals are collaborating to highlight the region’s hidden treasures in order to attract tourists.Recently, Oromia Tourism Commissioner Lelise Dhugaa told Xinhua that cross-cultural cooperation…

China is seeking to increase the number of scheduled flights to Thailand

China is seeking to increase the number of scheduled flights to Thailand

According to the Civil Aviation Authority of Thailand, the Civil Aviation Administration of China (CAAC) has taken the initiative to propose raising the number of scheduled flights between China and Thailand from three per week to 15 next month (CAAT). The CAAT claims that it last week received a formal letter from the CAAC looking…