Five departments including the central bank: encourage financial institutions to incorporate the application of open source technology into their informatization development plans

Chinese Restaurant Brands Going Global: What Keeps Customers Coming Back After the Opening?

How long can the queues outside a brand’s first overseas store last? And how many customers drawn in by the novelty will become regulars? For Chinese restaurant brands expanding internationally, opening a store is only the beginning of the challenge of building a local business and retaining customers.

Haitian Acquires Hong Kong’s Amoy Food to Add an Established Overseas Platform

Foshan Haitian Flavouring and Food（海天味业）has completed the acquisition of all equity interests in Amoy Food Limited（淘大）, the Hong Kong food brand founded in 1908. The deal gives China’s leading condiment producer an established international brand and sales network, rather than requiring it to build overseas distribution market by market.

Kaiying Network Plans Indirect Wemade Stake Through US$298 Million Investment

Kaiying Network（恺英网络）plans to invest an estimated USD 298 million to acquire a 49% interest in an offshore vehicle connected to the proposed takeover of Wemade Co., Ltd., the South Korean game developer and original rights holder of the Legend of Mir IP. If completed, the transaction would give the Chinese publisher an indirect economic interest of about 19.7% in Wemade, based on the buyer vehicle’s planned 40.25% holding.

China Mobile Returns to A-share Market Planning to Issue 965 Mn Shares

The announcement shows that the funds raised by the telecommunication company will be used for projects such as 5G boutique network construction, new Cloud infrastructure construction, gigabit smart home construction, new-generation information technology research and development, digital intelligence ecology construction, and so on.

China Mobile Plans to Achieve Full-Coverage in All Chinese County-Level Cities

The communication giant is helping China's government build the largest 5G network in the world and is considering further 5G popularization.