The German electronic retailer Media Markt announced now officially it will close its China stores in April, after a two year long expedition into the China market. Retail analyst Ben Cavender sums up for the China Daily what Media Markt did wrong.Read More →
The quality of the internet in China has become so bad over the past months, it is jeopardizing business operations because of the governmental filters, tells business analyst Shaun Rein in the Wall Street Journal. Pulling out of China is no option, but business might scale down.Read More →
China’s millionaires are getting ready to send their kid to boarding school abroad, Hurun Rich list founder Rupert Hoogewerf told an audience of Swiss business people and government official at the pre-launch of his school guide “The Best of Swiss Education” at the Beau Rivage Palace in Lausanne, Switzerland on Tuesday 29 January.Read More →
Consumer demographics, and especially the position of the middle class, boils out in China very different, cause problems for brands focusing on that middle class, tells business analyst Shaun Rein in OpenMarkts, in an interview ticking off different parts of his book “The End of Cheap China.”Read More →
The decision to close down German retailer Media Markt in China shows – yet again – a profound lack of understanding on how the market in China works, tells business analyst Ben Cavender in the China Daily.Read More →
Chinese consumers expect foreign brands to be safer and better than domestic ones. But when that confidence is hurt, like happened after a government investigating into the poultry supply of KFC, damage can be huge, explains business analyst Shaun Rein in Bloomberg.Read More →
China’s economy might be under pressure from the downturn in the US and Europe, but changing spending patterns might save its day, business analyst Ben Cavender told the Asian Gaming and Hospitality Congress. Read More →
Journalist Howard French documented in his much praise Shanghai photographs a fast changing society. Evan Osnos of the New Yorker interviewed French on his “Disappearing Shanghai: Photographs and Poems of an Intimate Way of Life”.Read More →
Allowing your employees to bring their own devices into their work place (BYOD), might sound as a ideal way to save cost, but many Asian companies hold back, says Shanghai-based business analyst Ben Cavender in ZDnet, as costs might be higher than the savings.
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Shanghai has tried to lure headquarters of foreign multinationals for decades, but a recent policy change might just help the city to do this just a bit more effective, explains Shanghai-based lawyer Mark Schaub in IFLR.Read More →
Lunch and dinner might already be taken over by foreign fast-food chains in China, but the battle for the breakfast has just started, explains retail analyst Paul French in the Economist.Read More →
China’s rich saw much of their capital shrink over the past year, the 14th Hurun rich list disclosed yesterday. But looking at the past decade, wealth still has boomed tremendously, adds Hurun founder Rupert Hoogewerf in Reuters.Read More →