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E-commerce blooms in Ningbo

The sales volume of the e-commerce businesses in Ningbo reached a historical high during the Singles Day Shopping Festival this year. According to the statistics of Zhejiang Provincial Department of Commerce, Ningbo achieved a total online sales volume of 4.87 billion yuan during the online shopping festival, ranking No.2 among all the cities in the province. Among others, the online stores on Tmall realized a total sales volume of 4.061 billion yuan. Besides, the statistics from Ningbo E-commerce Promotion Commission show that the top 12 e-commerce enterprises in Ningbo achieved a sales volume of 2.729 billion yuan, up by 62.4% over the same period of last year, with seven of them having a sales volume of over 100 million yuan. 
Behind all these incredible figures are the efforts of the city in actively developing e-commerce and exploring the new markets online. 

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Three Ningbo enterprises get awards for innovation

The final of the 5th China Innovation and Entrepreneurship Contest, the largest event of its kind in China, was wrapped up in Ningbo on November 19. 158 new materials projects from 12 enterprises and eight teams competed at the final. Among others, Ningbo Vision Technology was the champion of the enterprise group, while Xunqiang Electronics got the third place in the enterprise group and Ningbo Electromagnetics got the second place in the team group. Both the quality and quantity of the awards set the record for Ningbo enterprises.

The contest, a national event jointly sponsored by the Ministry of Science and Technology, the Ministry of Finance, the Ministry of Education and China Federation of Industry and Commerce, has become a super competition for innovation and entrepreneurship covering all the provinces, autonomous regions and province-level municipalities, and has attracted attention from all walks of life. The 18 candidate projects for the final are involved in such fields as inorganic nonmetal materials, new building materials, electronic appliances, environment-friendly materials and display technologies.

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Ningbo entrepreneur attends Horasis China Meeting

The Horasis China Meeting concluded in Interlaken, Swiss on November 8 local time. During the two-day meeting, several hundred of entrepreneurs all over the world gathered to discuss about the blueprint of China's economic development. A Ningbo entrepreneur, Liao Wenjian, President of Zhejiang Bluesource Investment Management Co. Ltd., was invited to the meeting and delivered a speech on behalf of the capital organizations in China on the afternoon of November 8.  

Reportedly, the Horasis China Meeting was founded in 2005 by Frank Jurgen Richter,  co-organizer of the Davos World Economic Forum. Since then, every year, well-known entrepreneurs and economists throughout the world has attended the meeting to talk about the future development of China's economy. Therefore, the meeting is also referred to as the "China Davos Forum".

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