Tag: China

Starbucks acquires all stake in Chinese unit
Global

Starbucks acquires all stake in Chinese unit

Starbucks, the world’s largest coffee restaurant said it is consolidating its presence in China through its acquisition of the remaining 50% share of its in the local unit. The company is East China business from long-term joint venture partners, Uni-President Enterprises Corporation and President Chain Store Corporation for approximately $1.3 billion in cash consideration […]

IGOFX, the world’s largest MLM Ponzi scheme crashes
Scams

IGOFX, the world’s largest MLM Ponzi scheme crashes

The chicken must have come home to roost for more 400,000 Chinese investors who have lost a fortune to IGOFX, a Forex multilevel Ponzi scheme that has just collapsed. According to Chinese authorities, both Chinese and Malaysian investors must have lost about RMB30 billion, an approximately USD4.4 billion to the […]

China to launch cargo spacecraft in a few days
Tech

China to launch cargo spacecraft in a few days

In a few days from now, China China will launch its first cargo spacecraft Tianzhou-1 into space and it has been confirmed that this will happen between April 20 and 24, according to the office of China’s manned space program. The team responsible for the power system arrived at the […]

Chinese Consortium acquires AC Milan
Sports

Chinese Consortium acquires AC Milan

Italian Serie A giants AC Milan has been sold to Rossoneri Sport Investment Lux in a deal which sees the Chinese-led consortium take a 99.3% stake in the club. The seven-time European champions who are Italy’s most successful club in international competition, have been owned by former three-time Italy prime […]

See what China is doing to develop football
Sports

See what China is doing to develop football

China is leaving no stone unturned with its plan to develop the game of football to optimal level as the country intends to open 50,000 football schools by 2025. The Chinese Ministry of Education said in a statement that it wants to ensure that the initial goal of opening 20,000 football […]