Temu, owned by Pinduoduo, is one of the leaders in online retail that has been ruffling international competitors in the past year. Business analyst Shaun Rein looks for the BBC at the firm’s international expansion. “They’re proud that Chinese companies can slay the e-commerce dragons from the United States like Amazon,” he adds.Read More →

US lawmakers have started debate on a law that would ban the successful TikTok app.  Political analyst Kaiser Kuo dismisses the effort as misguided at best, he writes in the ChinaFile. “In a sense, the threat of TikTok is real: In this crisis of confidence, and in a state of moral panic that we’ll look back on red-faced a decade out, TikTok is causing us to inflict grievous self-harm.”Read More →

AI is going to have a major beneficial effect on extended reality (XR), like augmented reality (AR), virtual reality (VR) and mixed reality (MR), says Alvin Wang Graylin, China President and Global VP of Corporate Development at HTC at Golf Business. “Motion tracking, hand tracking, voice interactions, spatial scanning, and procedural world generation would all not be possible without AI,” adds Graylin.Read More →

AI is going to change our lives in the next five to ten years, says AI expert Alvin Wang Graylin, co-author of the new book Our Next Reality, in an interview at MRTV. “Nothing will be the same anymore! In this 90-minute in-depth discussion Alvin Wang Graylin gives us fascinating insights on how the AI-powered Metaverse will change all our lives and what we can do to make it an overall positive outcome for our society,” MRTV writes.Read More →

Behind all the geopolitical shuffles between China and the US, the war on AI and the metaverse is raging, says AI expert Alvin Wang Graylin in an interview with Cyrus Janssen. And that is a wrong signal for the rest of the world, as both forces should not try to contain the other, for national security reasons or whatever, but work together, he argues.Read More →

China will implement a new PRC company law and veteran lawyer Mark Schaub expects most people will doze off before they make it to the end of that law. In his China Chit-Chat website, he summarizes the main changes and insists you should pay attention. He covers important issues like: “The new PRC Company Law sets a 5-year deadline to make promised capital contributions. Crucially this requirement will apply retrospectively. Ouch!” And who is the boss in a company, and how to fire a director.Read More →

China’s aging population is leaving the labor force while dropping consumer confidence discourages youngsters from marrying or having children. Business analyst Shaun Rein tells Reuters the country is heading for a demographic disaster, and raising the pension age is one inevitable measure the government should take.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 →