The international business publication The Financial Times published the news that the public company Alibaba Group of China, experienced e-commerce giant, plans to become the owner of an investment holding company Intime Retail, bought its controlling stake at a price of more than two and a half billion dollars.
Intime Retail owns 29 shops and 17 shopping centers in major Chinese cities. Currently, 27,8% Intime operator shares are owned by Alibaba Group, which it bought in March 2014. Directly founder Intime Shen Guo Jun owns 9.2% of shares. The price that Alibaba is willing to offer for Intime shares exceeds the value of 42.3% at the time of completion of the public auction December 28, 2016. Having concluded an agreement, Alibaba will have approximately 74% of the company.
According to experts, Alibaba Group intends to eliminate all obstacles between the trade online and offline stores through the use of big data technology.
Also read: McDonald’s sells almost all of its business in China
SoftServe is expanding its presence and opening new office spaces in four cities — Vinnytsia, Khmelnytskyi, Uzhhorod, and Odesa. They are available for 250 people working in these regions as well as other employees. The coworking in Vinnytsia where SoftServe has around 50 employees is already fully operating. Odesa is the next — office space […]
COMBINE ROAD AND COMFORT Shell is launching a new coffee brand Shell Café all over Central and Eastern Europe (CEE) (to replace […]
Radisson Hotel Group is proud to be the world’s first hotel group to make all meetings and events across 400+ hotels in its EMEA portfolio carbon negative. For every event taking place at its participating hotels, Radisson Hotel Group will offset double the carbon footprint, to ensure that every meeting has a positive impact on […]
During trading on Monday, October 11, the price of a barrel of Brent oil rose by 2% to $ 84.01. She reached this mark for the first time since October 2018. US WTI oil rose by $ 1.62 to $ 81.3 – the highest price since 2014, according to Reuters. It is noted that Brent […]
The agreement on a single corporate tax rate of at least 15 percent was signed by 136 states, which account for more than 90 percent of world GDP. The agreement is aimed at combating tax evasion by international corporations. The initiative was also signed by countries that were initially opposed to tax reform, such as […]
The savings of Ukrainian citizens outside the banking system are estimated at $ 30-35 billion. This estimate was given by the chairman of the National Bank Kyrylo Shevchenko during the Kyiv Economic Forum. There are different estimates of the “gray” economy. We in the National Bank believe that this is up to 30% of GDP. […]
During the week, the National Bank of Ukraine bought $ 228 million on the interbank foreign exchange market. At the same time, the central bank did not sell currency on the interbank market. So the NBU continued to buy currency on the interbank market, the bank increased it compared to last week ($ 15 million) […]
The new Tesla factory in Berlin may release the first electric cars next month. CEO Elon Musk stated this. Speaking at the plant, Musk said he hoped to get the green light to begin production in the coming weeks. The last consultation on public concern about the plant ends on October 14, after which the […]
The Antimonopoly Committee drew the line under the proceedings between the Ukrainian “daughter” of the German firm Rehau and its namesake – the Kyiv production company Rehau. Both work in the window market under the Rehau brand. By the decision of the AMCU the Rehau production company is obliged within a month to abandon from […]
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The well-known British businessman Richard Branson said at the World Economic Forum, during a private event “Ukrainian lunch” in Davos, that he is ready to invest in the Ukrainian startups, told Andrei Kolodyuk, the partner of AVentures Capital, who visited the event. He also said that he talked to Branson and discussed the issue about […]
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Economic Court of Odessa region has introduced the procedure of readjustment PJSC “Odessa Oil and Fat Plant”, 29 July 2016. This is stated in the relevant court judgment in the case №916/4932/15. The case of bankruptcy of PJSC “Odessa Oil and Fat Plant” Court of Odessa region was initiated December 28, 2015. Manager of readjustment has […]
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In September 2020, the Italian company Lamborghini sold 738 cars worldwide. This is a new record for the company, according to its website. At the same time, in the third quarter of 2020, 2,083 Lamborghini cars were sold worldwide. In the spring of this year Lamborghini was forced to close all its plants for two […]
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Boeing has identified the need to refine the 787 Dreamliner aircraft, which are awaiting delivery to customers – it will take some time. This is stated in the company’s quarterly report. Production of the Boeing 787 will be less than five units per month for some time and will gradually return to a monthly level […]
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In Ukraine it may soon be a new bank, whose founders will be the Arab leaders of business – community. About this initiative, which sounded Ukrainian-Arab Business Council, informs UNIAN source. This proposal of Council was strongly supported by the authorized persons of the National Bank and the Cabinet. The ofmeeting of business circles of […]
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Toyota Motors has introduced two cars Lexus IS and Toyota Mirai with new autonomous driving functions. New Advanced Drive assist technology includes a second-level autonomous system that helps drive the car by restricting the car’s lane, maintaining distance from other vehicles and changing lanes under the supervision of the driver. According to Toyota CEO James […]
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The last two years Oschadbank opened 500 branches in Ukraine. Twelve of them are adapted for people with disabilities. This information was published by the investment portal InVenture Ukraine. The most advanced Oschadbank branches are located in Kyiv, Odessa, Lviv, Kharkiv and Dnipropetrovsk regions. The Bank plans to continue to implement the modernization of branches […]
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In the 9th year AD, the Roman proconsul Publius Quinctilius Varus returned to the German provinces with three legions to suppress the rebellion of the tribe. He did it successfully three years earlier – but this time, the enemy has decided to change strategy, and the legions were destroyed. Last cry of Varus is known […]
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Investment attractiveness of the tourism industry in Ukraine has great potential. About this in an exclusive interview for LDaily, the full version of which will be released later, said the general manager of the hotel InterContinental Kiev Jean Baptiste Pigeon. “I can say with confidence that the investment opportunities in the hotel and tourism industry […]
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Oil and gas company Chevron has closed the deal to buy the US Noble Energy for $ 5 billion, follows from the Chevron message. “Chevron announced today that the acquisition of Noble Energy has been completed following the approval of the agreement by the Noble Energy shareholders,” the company said. Earlier on Monday, Noble Energy […]
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Amazon continues to change our shopping habits at grocery stores. Following the already well-known Amazon Go stores, the company focused on providing technological solutions for larger supermarkets with a wide range. In February, Amazon launched its first full-size Amazon Go supermarket in Seattle and announced selling the technology to other companies. Amazon is now announcing […]
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The Turkish company Molino intends to build a modern grain terminal in Odessa with a fast speed of stowing a ship. During the investment forum “Prospects of development of sea trading ports of Ukraine” in Odessa the Turkish company Molino offered investors to construct modern grain transfer complex with a fast speed of stowing a […]
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Zaporizhzhya NPP connected Unit №2 to the power system of Ukraine. This was reported by the press service of NNEGC Energoatom. “On November 22 at 9:07 pm, after the completion of the average planned and preventive repairs, Unit №2 of Zaporizhzhya NPP is connected to the power system. Power is being set. There are no […]
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Bitcoin continues to rise after falling in September. The Independent reports. This week, Bitcoin returned to above $ 50,000. Also, other cryptocurrencies – Ethereum, Binance Coin and dogecoin – have grown by about 15-30%. Now the total cryptocurrency market is estimated at almost 2.2 trillion dollars – 15% more than in early October. “After a […]
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Confectionery Corporation “Biscuit-Chocolate” has invested € 8 million in the development of the production capacity in 2015. This is stated in the report of the corporation. According to the President of the corporation Alla Kovalenko, investments were directed including the introduction of new technologies, enabling enterprises to manufacture products that are still not produced in […]
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