E-commerce firm Shein from Nanjing has been operating much under the radar, until last week it last week came with plans of an IPO in New York with a valuation of US$47 billion. E-commerce expert Matthew Brennan, author of “Attention Factory: The Story of Tiktok and China’s Bytedance” explains at Yahoo Finance what Shein has been doing right.
A raving review of the appearance of Zhang Lijia, author of Lotus, a novel, on prostitution in China, at the Jaipur Literary Festival in London, at The Citizen. “I was very fascinated by prostitutes. However, the only prostitution I have done was intellectual prostitution,” Zhang Lijia says.
Western media too easily assume the protests in Hong Kong are supported by many mainland Chinese. Wrong, says author Zhang Lijia. There is a wide dived between mainland Chinese and Hongkongnese, and that is not only because of the media censorship in the mainland, she adds at the South China Morning Post.
China’s market economy has brought pros and cons to the women, says author Zhang Lijia of the bestseller Lotus: A Novel, on prostitution in China, to the BBC.“I think women have shouldered most of the cost and burden during the transition from a planned economy to the market economy,” she says. She is currently working on a book on the left-behind children in China.
Much of China and many Chinese have become wealthy. But just a few decades ago, remembers author Zhang Lijia of “Socialism Is Great!”: A Worker’s Memoir of the New China Spring Festival was the only moment in the year where food was abundant. At her website, she looks with a nostalgic view at those poorer times.
Traditionally Shanghai, Beijing and Guangzhou were benchmark cities when looking at the housing market in China. But when you want to know where global wealth is growing fastest, you might have to look at a few unfamiliar names, including Wuxi, overtaking Hong Kong as the most expensive city, says Rupert Hoogewerf, chief researcher of the latest Hurun Report, according to the South China Morning Post.
In China most women enter the prostitution on their own free will. The government is criminalizing them, forcing them into a submissive position. What can be done? Author Zhang Lijia of Lotus: A Novel on prostitution researched the sex trade in China, and possible solutions and discusses government approaches.
China´s first tier cities seem to be getting out of breath, while second and third-tier cities blossom. Business analyst Shaun Rein has been predicting the shift already for a long time, he tells the South China Morning Post. The rising prosperity of lower-tier cities may boost tourism to cheaper destinations like the Philippines and Thailand, he adds.
The world looked with surprise when Nanjing dress-maker V-Grass Fashion bought South-Korean Teenie Weenie for double its own market value. But moving ahead in such a drastic way, seems to be the only way forward for China´s fragmented apparel market, tells retail analyst Ben Cavender to Bloomberg.