NJ District Export Council

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China Fiery Liquor Maker Kweichow Moutai Eyes Three IPOs by 2020

The Chinese company is working to list its e-commerce business in Shenzhen next year, Chairman Yuan Renguo said Friday. Moutai also plans to float its agricultural arm and an operation making a less-expensive version of its signature baijiu liquor called Xijiu, he said. At the same time, the group is ...

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China’s Top Phone Makers Poised to Challenge Apple on Home Turf

Huawei has already tried selling its flagship Mate 9 phone in the U.S. via e-commerce websites like Amazon.com, but working directly with wireless partners would give China's No. 1 phone maker a wider presence across the U.S. through retail stores, carrier websites and TV commercials. Huawei is in ...

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Go-Jek Acquires Three Companies to Dominate Payment in Indonesia

It acquired local e-commerce platform Kudo earlier this year. Indonesia, home to 260 million people, is expected to add 90 million consumers by 2030, more than any other country outside China and India, according to a report by McKinsey Global Institute. Yet 96 percent of the population has no access ...

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Oil Deal May Allow Sudan to Win Back Influence Over Former Enemy

Petroleum Minister Gatkuoth said in June his country is interested in exporting the oil via pipelines planned by Kenya, Uganda and Tanzania to the Indian Ocean. “South Sudan would like an alternative arrangement, but doesn't have the money or clout with oil companies for it to be a realistic prospect,” ...

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Oil Heads for Weekly Loss as OPEC Cuts Seen Challenged by Supply

Oil has averaged about $50 a barrel this year, the highest since 2014, as the Organization of Petroleum Exporting Countries and its allies including Russia trim output to drain oversupply. While the group has extended cuts through to the end of 2018, they face rising production from the U.S. that's ...

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Therapist Settles SEC Claim He Got Takeover Tip During Sessions

Kenneth Peer, 43, learned of the pending takeover from one of his clients, an employee at the e-commerce and retail company, during private therapy meetings in the summer of 2015, the Securities and Exchange Commission said in a statement Thursday. Peer sold out of other investments to buy more ...

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Costco Rises After Strong Profit Shows Big-Box Retail’s Resiliency

Costco Wholesale Corp. is reinforcing Wall Street's sentiment that the big-box retailer is equipped to thrive in an e-commerce era. The retailer's shares rose in late trading after first-quarter earnings beat analysts' estimates. Profit is only part of the story, though: Costco is set to disclose information about ...

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Theresa May Asks EU to Be Creative When Brexit Moves to Hard Part

While all 27 EU states agreed on what they want from the U.K. ahead of its departure, there's no guarantee that a similar consensus will be reached on expectations for a potential free trade agreement. “I have no doubt that the real test of our unity will be the second phase of Brexit talks,” European ...

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Retailers Are Hoping For the Best Christmas Sales Since the Recession

Target Corp., meanwhile, agreed to buy e-commerce startup Shipt Inc. this week for $550 million, aiming to challenge Amazon.com Inc. The greater emphasis on online orders may be one reason why a rosier holiday season isn't translating into traffic gains at many malls. During Black Friday, foot traffic ...

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Japanese Technology Helps Track Containers at India’s Busiest Port

Foreign direct investment by Japanese companies has also soared, reaching $3.7 billion in 2016, its second-highest level ever. Though it slipped this year, over the past decade it has totaled $25.8 billion, a nine-fold increase over the previous 10-year period. Japanese manufacturers have flooded into ...