Chinese e-commerce giant Alibaba is reportedly in “advanced discussions” to invest nearly USD 300 million in online luxury fashion retailer Farfetch, created by Portuguese entrepreneur José Neves.

Minerva, the largest beef exporter in South America, signed a non-binding memorandum of understanding with the Chinese conglomerate Greenland to create a joint venture for the import and distribution of meat in the Asian country.

Portugal´s AEP business association is organizing a series of "virtual missions" to East Asia, focused on the markets of China, Hong Kong, Japan, Macau and South Korea.

Packaging on a batch of frozen pork imported from Brazil which had entered a district in Eastern China’s Shandong province has tested positive for the coronavirus, the local government said.

The U.S. has vetoed a bid by the front-runner to be the World Trade Organization’s next director-general, Ngozi Okonjo-Iweala, former Nigerian minister who is backed by China, the European Union countries and several key members of the organization. 

E-commerce is booming in Brazil this year and China´s Aliexpress is expecting to profit from the trend, by overcoming transport and logistics barriers, its general manager in the South American country says.

Two Brazilian meat packing plants have been authorised to resume sales to China after receiving bans over Covid-19 concerns earlier this year, according to Brazil’s Agriculture Ministry.

Seventeen years after the creation of Macao Forum by the Ministry of Commerce of China (MOFCOM), a new assessment by the Chinese Academy of Social Sciences is a good opportunity to chart a better path forward, helping the Forum achieve its potential as an effective business hub. With Portuguese-Speaking Countries facing pandemic-fueled economic crisis, and China leading the global recovery, the Forum is perhaps more necessary today than its has ever been in the past.

The former Secretary-General of the Forum for Economic and Trade Co-operation between China and Portuguese-Speaking Countries (Macao Forum), Xu Yingzhen, will be China's next ambassador to São Tomé, CL Brief has learned.

The 25th Macao International Trade and Investment Fair (MIF), Macao Franchise Expo 2020 (MFE) and 2020 Portuguese Speaking Countries Products and Services Exhibition (Macao) (PLPEX), which are running concurrently, started on Thursday, and 52 contracts were signed on the first day, the Macao Trade and Investment Promotion Institute (IPIM) said in a statement on Thursday.