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Fons Tuinstra
President China Speakers Bureau, new media advisor
President China Speakers Bureau, new media advisor

Fons's posts

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British sports car maker Lotus bought by China's Geely - BBC

Lotus, the British sports car maker, is being bought by China's Geely.
The purchase is part of a deal by Geely to buy a 49.9% stake in Malaysian carmaker Proton, which owns Lotus.
Geely, which also owns the London Taxi Company and Sweden's Volvo Car Group, will take a 51% stake in Lotus.

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At Cannes, Jia Zhangke Calls for Relaxation of Chinese Film Law

China’s leading auteur director Jia Zhangke has called on his fellow filmmakers to continue to push for changes to the country’s new film law to ensure independent films make it onto the international stage.

“As the film law is the official national law, citizens are obliged to comply with it,” Jia told reporters at Cannes on Tuesday, “[But] there should be more discussion about whether this particular clause is practical and reasonable.”

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Chinese banks join global payments innovation - Xinhua

An additional 11 Chinese commercial banks have joined a global payments innovation (gpi) initiative to offer faster, more transparent and traceable cross-border payments for Chinese companies, a press conference announced Tuesday.
The initiative was launched in December 2015 by SWIFT, a global member-owned cooperative that provides financial messaging services. Since then, nearly 110 banks operating across more than 200 countries and regions, including almost all Belt and Road countries, have joined the initiative.

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21 Arrested Over Alleged Corruption Relating to Hong Kong-Zhuhai-Macau Bridge - Caixin

Hong Kong’s top anti-graft watchdog has detained 21 employees at a government contractor for allegedly faking test results for materials used to build the Hong Kong-Zhuhai-Macau Bridge, a sea bridge currently under construction linking the Chinese mainland with the two special administrative regions.
In response to the incident, a government spokesman said on Wednesday Hong Kong was conducting an in-depth examination of the safety of the Hong Kong section of the bridge, and would hold a press conference to release more details on Thursday.

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Alibaba, JD Intensify Battle Over China's US$750 Billion E-Commerce Market

The competition between Alibaba (BABA) and (JD) over China's massive e-commerce market intensified Tuesday with the two e-commerce giants announcing plans to tackle growing demand for courier services.

Alibaba's logistics arm, Cainiao Network, announced Tuesday that it was manufacturing one million delivery vans equipped with artificial intelligence (AI) technology. Alibaba's announcement comes as announced that it's working on drones that will be able to deliver parcels weighing one ton or more. 

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The billionaire who very nearly bankrupted a Chinese tech giant - TechinAsia

Thirteen years ago, Chinese entrepreneur Jia Yueting founded what is today known as LeEco – a sprawling business of TVs, smartphones, streaming video, and even electric cars. It made him a billionaire; one of China’s rag-to-riches legends.

However, Jia’s legacy at LeEco won’t be as rosy as the story of his rise. Earlier this week, the tech magnate resigned from his post as company CEO, following months of shrinking cash reserves and scandal. Top executives have abandoned Faraday Future, the Chinese tech company’s US self-driving car unit. In the span of just six years, the tech conglomerate has burned through more than US$7 billion, leaving its business units precariously strapped for cash.

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Why foreign startups fail in China - CNBC

It's a dream for nearly any international start-ups: Enter China.

The country's massive population of more than 1.3 billion, of which 730 million are currently connected online, is attractive to almost any enterprise looking to expand and scale. But, China is a big enough market for any local player to redesign a solution that's localized for its own demographic, making it hard for foreign start-ups to access.

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Volkswagen Eyes Third Joint Venture in China in Continued Push Into Electric Vehicles - Caixin

German automobile giant Volkswagen’s third China joint venture has been approved, which will see it producing electric vehicles (EVs) starting next year, a source close to its new partner Anhui Jianghuai Automobile Co. Ltd. (JAC) told Caixin.
The 5 billion yuan ($730 million) project was greenlighted Monday by the National Development and Reform Commission, China’s economic planning body, according to a JAC statement.
Each side plans to cover half of the funding, the source said.

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Chinese brands: no price premium - Tom Doctoroff

Chinese brands might be improving, but they can still not offer a price premium, says marketing guru Tom Doctoroff and author of What Chinese Want: Culture, Communism, and China's Modern Consumer at Campaign Asia. They are lacking long-term concept and are mostly sales-driven, he adds. 

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To drive growth in China, private hospitals must connect emotionally

In a study done by Prophet last year, consumers in China expressed that the two most fundamentally important aspects of their lives were family and health - heavily outranking other fundamental needs like wealth, career success, and personal time. With an aging population, increasing concerns about pollution and rising rates of chronic and critical diseases it’s no surprise that ‘health’ as a topic in China is growing in importance among consumers.
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