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China BizTech News Weekly Digest – June 2, 2014


Editing by Su-Jun Lim

UPS Adds Another Piece to China’s Tricky Distribution Puzzle

BY THE WALL STREET JOURNAL

UPS announced last Tuesday that it was opening a new contract-logistics distribution facility in Beijing as part of an overall strategy of expansion in China. The company has been in China since 1988 and recently also expanded in Chengdu and Shanghai.

Alibaba’s Latest Move Beefs Up Its Logistics Business To Play In International Markets

BY INTERNATIONAL BUSINESS TIMES

Alibaba will buy a 10.35 percent stake in Singapore Post Ltd. For $249 million as part of its plan to create an international e-commerce logistics business.

High-end brands shift strategy from luxury to quality

BY CHINA DAILY

International luxury brands are adjusting their focus following Chinese government’s austerity drive, shifting from mere luxury to a stronger emphasis on quality.

Going, Going, Gone: Taobao Auctions Off a Picasso and a Dali

BY ALIZILA

A Picasso linocut and a sculpture by Salvador Dali were sold in China on Paimai, an auction site run by Taobao Marketplace that is better known for offloading court-seized properties. China has become the world’s largest fine-arts auction market last year, accounting for about 35 percent global art auction revenue.

Alibaba Coming to U.S. Shows Strengths and Risks of China Bets

BY BLOOMBERG BUSINESSWEEK

Despite Alibaba’s recent successful US IPO, a number of concerns, like Chinese government influence, fraud, and counterfeit products, are raised.

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