247,000 enterprises closed down! The wholesale and retail industry has become the most closed! Another 20 industries will break down next? | Haixi Business

“Under the epidemic situation, bankruptcies have become commonplace. Business owners wailed and the media repeatedly reported misfortunes. Some people are wondering, is it really so miserable? The fact may be that those that would “die” anyway would now “die” even faster, and those that were struggling to be alive would also “die”.

According to the “Wu Xiaobo Channel Xiao Report” data, 247,000 enterprises were cancelled and closed in the first two months of 2020. Among the data, the number of closed enterprises in Guangzhou, Shandong, and Jiangsu ranked among the top three. In addition, according to the data from Tianyan, during the period from February 1 to March 25, 154,000 enterprises across the country were cancelled (from the registry), and Shandong was the province with the largest number of cancelled enterprises.”

Company Cancellation Situation, January to February 2020

IndustryCancelled companiesPercentage of cancelled companies
Wholesale & Retail85,00034.4%
Leasing & Business Services41,00016.5%
Scientific Research & Technical Services21,0008.6%
Agriculture, Forestry, Livestock, Fishery17,0006.8%
Software & Information Technology14,0005.7%
Culture, Sports & Entertainment7,0002.8%
Real Estate7,0002.8%
Residential & Other Services 6,0002.6%
Data source: 淘数科技
Statistical scope: January – February 2020

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Bühler sells China-based flour ingredient business to Bakels | FoodBev Media

Bühler has announced that it has sold its flour ingredient business to global bakery ingredients group Bakels for an undisclosed sum. The deal includes all shares of China-based Bühler Bangsheng Food Ingredients (Guangzhou), in a move that will strengthen Bakels’ position in China.

@ FoodBev Media (English) | January 2, 2020

Guangzhou International Institute of AI launched in Nansha | Life of Guangzhou

“The Guangzhou International Institute of Artificial Intelligence (AI) was launched in the Nansha Free Trade Zone on December 9. The institute will attempt within three years to attract no less than 30 high-end talent teams with strong influence in the Chinese and foreign AI industries to help facilitate the construction of Nansha’s first-class international AI industrial park.”

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