BizChina

The fiery Chinese grain liquor called baijiu has been distilled and quaffed in the homeland pretty much the same way for a millennium. Yet, as these brands expand overseas, spirits companies are wondering: How would it taste with 7-Up?

Makers of the 106-proof alcohol that's popular at wedding receptions and government banquets are coping with a steep revenue drop after the Chinese government ordered public servants to cut their expense tabs. Sales declined 13 percent, and store prices plunged by half.

I Belonged to You sold 520,000,000 CNY in 7 days, 6th Oct 2016.

Box office revenue in China declined sharply during the first three days of the National Day holiday compared with last year. It was the first plunge of holiday ticket sales in five years.

According to the latest figures from China Box Office, a State-run analyst, four major openings injected nearly 1.3 billion yuan ($195 million) in ticket sales since the start of the holiday, traditionally a golden week for moviegoers.

But sales in the first three days stood at 774 million yuan, 10 percent behind the same period last year.

Liyuan Dog Market, the largest dog market in northern China, is closing after years of popularity and scandals.

According to the official notice, the government decided to close the market to “strike a blow at the low-end dog breeding industry,” which is primarily concentrated in Tongzhou District. The district government said it is committed to cleaning up breeding practices within two years.

Alipay on screen in a Hong Kong store.

Alibaba's financial affiliate Ant Financial on Thursday said its popular payment service Alipay has received a third-party payment license in Hong Kong.

Hong Kong Monetary Authority on Thursday issued the first five stored value facilities (SVF) licenses to Alipay, Tenpay of Alibaba's rival Tencent, HKT Payment, TNG and Octopus.