China’s industrial policy towards data and Artificial Intelligence (AI) is changing, writes Winston Ma, adjunct professor at the New York University at Europeansting.com. “The fresh approach could be a model for developing economies to follow — but the nature of AI innovation and expansion means they also risk being left behind.”Read More →
Bridging cultures between Chinese and international companies is harder, now the golden age of foreign companies in China is over, says international coach Gabor Holch in an interview with marketing guru Ashley Dudarenok.Read More →
China’s leading bubble tea makers including Mixue Bingcheng and Guming, each with thousands of stores, are rushing for an IPO in Hong Kong. A quick move now to collect capital might define the winners of the future, tells business analyst Ben Cavender to Reuters.Read More →
London-based China veteran Mark Schaub summarizes in his China Chit-chat newsletter the meetings his law firm had with 24 Ultra High Net Worth Individuals (HNWI) from China over the last three months of 2023. They were checking out opportunities in Europe and the Middle East, partly because their offspring was not really interested in joining their China business. They would look for lessons from their European counterparts but failed because of the differences between Chinese and Europeans, and because the concept of paying for professional legal advice did not yet take root among the Chinese visitors.Read More →
The Hurun Research Institute released the Hurun Most Successful Chinese Heritage Brands 2023, for the fourth year, ranking the 100 most successful brands from China with at least 60 years or more of history. “TCM, Baijiu and Foods make up half of the brands on the Hurun Most Successful Chinese Heritage Brands 2023, showing the sectors that have had the deepest impact over generations of Chinese consumers,” says Rupert Hoogewerf, the Hurun chief researcher at the Hurun website.Read More →
Sharon Gai, a China-born Canadian who is an expert in e-commerce, digital transformation, and AI, and worked as head of Global Key Accounts at Alibaba. She explains what lessons she learned about cultural fluidity in business and society to IKNS Conversations That Matter, in places where different cultures meet, and how cultural intelligence can help.Read More →
Branding expert Ashley Dudarenok, author of Innovation Factory: China’s Digital Playbook For Global Brands (September 2023), discusses with Pascal Coppens what global brands can learn from China. Business models from the USA, Germany, and Japan have left their footprint in business education. Still, the innovations coming from China have been left out of this business learning process, says Dudarenok, especially regarding ways to reach consumers directly.Read More →
Fast food giant McDonald’s is expanding its footprint in China with one-third of its planned 9,000 new restaurants. China is key for McDonald’s expansion, says Shanghai-based business analyst Shaun Rein in FDIntelligence. “McDonald’s actually has a lot of potential because it’s considered cheap, quick [and] convenient,” says Shaun Rein.Read More →
Deflation is on the edge of slowing down China’s economy, and falling pork prices are yet another indication not all is well, says Shanghai-based business analyst Shaun Rein at CNBC. As for the less affluent, China Market Research Group’s Rein observed that they are saving money by ordering less pork, according to CNBC.Read More →
China’s consumers are adjusting their purchasing habits and big players are adjusting their strategies to the search for cheaper products. Marketing expert Ashley Dudarenok looks at the changed strategy of Alibaba’s Taobao for the Double 12 festival, she says at marketing-interactive.Read More →
Relations between China and Japan have been tense since the end of World War II, and the annual remembrance of the rape of Nanking, this year 86 years ago, marks those tensions. Author Zhang Lijia argues that nowadays both countries need better relations, she argues in the South China Morning Post. “An amicable Sino-Japanese relationship is vital for regional stability and prosperity. If the two remain hostile, it will play into the US’ hands,” she writes.Read More →
China’s platforms like Shein, Temu, and TikTok can conquer Western markets, but Western retail apps fail to do the same in China. E-commerce expert Sharon Gai gives some reason for that difference in the Australian network ABC.Read More →