BizChina
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- By David Cao
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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.
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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.
Read more: Liyuan Dog Market - Beijing’s Largest Dog Market to Close
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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.
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Popular APPs in Chinese smartphone market.
The Ministry of Transport of China released the country's first nationwide regulation on APP car-hailing services on Thursday, offering legitimacy for the booming industry.
The car-hailing services have been popular in China in recent years to meet with people's travel demands, but they operate in a gray area of the law. Private cars are prohibited taking paid rides.
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TV shopping in China grew 13 percent in 2015, according to a report issued by the Ministry of Commerce on Sunday.
Sales by 32 TV shopping companies reached 39.9 billion yuan ($6 billion) last year and grew at 2.3 percentage points more than general retail sales.
The country will continue to promote development of TV shopping as it boosts domestic consumption, the ministry said in the report.
TV shopping industry also played a constructive role in generating jobs, with the number of employees standing at 166,000 last year.
TV shopping sales are expected to expand by 15 percent to 46 billion yuan in 2016, according to the report.
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