More Chinese cities overtake New York in their number of resident billionaires, Shenzhen being the latest, says Rupert Hoogewerf, chairman and chief researcher of the Hurun global rich list to NBC. “It is a significant indicator of where Shenzhen has come from and where it is going,” he said.Read More →
Strategic consultant Ben Cavender looks back at this 15 years in China and how he helped foreign companies to get a handle on working in the country. Some dynamic decades passed by and the future does not look less challenging, he tells at the Wizard’s Institute.Read More →
Bytedance, the mother company of Douyin and TikTok, became the first to use artificial intelligence to hook their users in an unprecedented way, says China internet expert Matthew Brennan to Play Crazy Game. The TikTok algorithms turns its users into addicts, in the same way drugs do, says Brennan.Read More →
China’s rich have become one of the major casualties at the 2022 Hurun Rich List, including Tencent’s CEO Ma Huateng, who lost 52 billion US dollars from last year’s listing, although China’s billionaires still top the list. Hurun chief researcher Rupert Hoogewerf gives an overview of the damage to the VOA.Read More →
China added last year 75 billionaires in US dollar terms, the 2022 Hurun rich list noted this week, according to the Global Times. “China now has more than 1,100 billion-dollar entrepreneurs, 60 percent more than the US, which also exceeds the combined number of the US, India and the UK,” Hoogewerf said. Read More →
China’s tech firms have faced US listing limitations on both US and China regulations. China lawyer Mark Schaub look at the new issues tech firm face on data, privacy, VIE’s, and other regulations for listing in the US at the vlog of his law firm KWM.Read More →
H&M tries to retain market share in China after a consumer boycott of a range of Western fashion brands – including also Nike and Burberry – on its Xinjiang stance by launching two new brands. The results with the consumers in China have been mixed, says marketing expert Arnold Ma in Jing Daily.Read More →
Almost half a year ago the real estate giant Evergrande started to fall apart under its 300 billion US dollar debts, but the collapse – expected by many – has not yet emerged. Financial analyst Sara Hsu explains in the Commercial Observer why this collapse has not happened.Read More →
Marketing expert Ashley Dudarenok looks at new lifestyle trends among China’s young consumers. With the Olympics around the corner, skiing is one of them, she writes in Jing Daily. “Many luxury brands hope to use the popularity of the Winter Olympics to promote their ski collections.”Read More →
The US and China continue to lead the Hurun global unicorn list for 2021, says chief researcher of the report, Rupert Hoogewerf, although China is slightly behind the US, according to the Free Malaysia Today. “With its flagship TikTok closing in on 3 billion daily users, [ByteDance] has now grown to become a serious challenger to Facebook,” the report said.Read More →
Bytedance’s Tiktok has become a global gamechanger, and extraordinary achievements from a China-based company, says innovation analyst Matthew Brennan, author of Attention Factory: The Story of TikTok and China’s ByteDance at Spectra 2021.Read More →
Veteran investor Jim Rogers explains how countries became successful and how China is following that global path to wealth, he tells at this Huawei commercial.Read More →