NEWS Roundup
What the english Media Missed
Haier breaks ground legend likes cake Bank supporting supply New year breakdown
A cornerstone ceremony was Legend Capital has invested
chains
Online shopping giants like
held on January 25th to celebrate around RMB10 million into The Agricultural Bank of Taobao, DangDang, and Vancl
the beginning of construction 21cake.com, a cake e-business China has created new services all had to suspend their deliver-
on the Haier Qingdao Logistic website. Legend Capital Manag- focusing on the supply chain ies for one week or longer during
Center. The new logistic center ing Director, Mr. Liu Erhai, said finances of medium and small- the Chinese New Year holiday.
will cover 237mu (39.04 acres). that future investments will be sized enterprises. The goal is to The reason for this is because
This main Haier project marks focused on investing new tech- help them solve finance prob- all of their regular logistics ser-
the company’s goal to change nologies into traditional indus- lems and losses. These enterpris- vice providers stopped opera-
from manufacturing industry to tries, with sectors like e-com- es rely on the strength of their tions around February 9th not
services industry. It also shows merce to be the main focal point supply chain, and the bank will to resume again until at least the
the beginning of Haier’s goal of investment in 2010. 21cake is offer them comprehensive finan- 17th or 18th. While groups like
to build a community of “Haier currently located in Beijing and cial services including financing, China EMS do still run through
brand logistics service” operat- Shanghai, where they use tele- settlement and financial manage- the holidays, they are too expen-
ing platforms. phone call centers and indepen- ment. sive to use for most e-commerce
dent distributors. companies.
12 MARCH/APRIL 2010 www.supplychains.com
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