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CHINA'S largest e-commerce group yesterday reported record transactions of 1 trillion yuan (US9 billion) in the first 11 months of this year, or equivalent to 5.4 percent of the country's total retail sales last year.

Alibaba.com said its consumer-to-consumer site Taobao.com achieved 800 billion yuan of sales and the business-to-consumer arm Tmall generated around 200 billion yuan. The total f
ALIPAY is emerging out from its virtual world and taking on the banks and mobile operators by launching a service that allows users to make payments at convenient stores and other offline vendors with their smartphones.
Bayer AG broke ground for a new polyurethane plant in Qingdao on Tuesday, underscoring the commitment of the German pharmaceutical and chemical producer and its local partners to China's sustained development of the building industry.
The potentials are clear. The EU sits at the top of the international value added chain with the United States. EU GDP is larger than the US. Taken together companies owned by the EU's member states are larger than US companies. The EU is China's largest export market, while China is the world's most rapidly growing import destination.

VENTURE capital investment in China jumped nearly 59 percent in July despite falling proceeds from new listings because of accounting anomolies.

A total of US5 million was invested in 36 announced VC projects last month, a rise of 58.8 percent from US3 million in June, financial analysis firm China Venture said in a report yesterday.

THE annual Private Label Fair will be held at the ShanghaiMart from next Wednesday to Friday, organizers said.

More than 220 exhibitors from 19 countries will participate, including the United States, Germany, France, Denmark, Italy and Turkey.

Foreign exhibitors have rented 25 percent of the show booths.

Private label products are those branded with a retailer's name, mostly the names o
FOOD prices will remain higher in the next decade than in the past 10 years as agricultural production slows and demand increases, putting the poor at a rising risk of malnutrition and hunger, the OECD and the United Nations said in a joint report yesterday.

Global farm output is forecast to grow an average 1.7 percent a year through 2020, compared with 2.6 percent in the previous decade, the
CHINA'S Consumer Price Index, a main gauge of inflation, rose 2 percent in November, up from the previous month's 1.7 percent, the National Bureau of Statistics said yesterday.

October's figure was a 33-month low and last month's increase was the first acceleration since August.

"The November growth rate was largely attributable to a surge in food costs," said Wang Jun, an expert with the C

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