American internet companies have lost in the competitive China market one after another: Google, Yahoo, Facebook, Ebay, Twitter, YouTube. Compared to them Uber did an amazing job, says innovation expert William Bao Bean to LA Times. “It was a draw.”Read More →
For a long time, Hong Kong was the place to go for visitors from the mainland, but the resentment against mainlanders in Hong Kong grew, says retail analyst and author Shaun Rein in Todayonline, and as Chinese got more travel alternatives, Hong Kong sees sales of luxury goods drop dramatically.Read More →
Chinese consumers belonged to the least loyal to brands. And although brand loyalty is on the rise, China only shows a slow improvement. Business analyst Shaun Rein explains why to CKGSB Knowledge. “Loyalty is happening because consumers are getting sophisticated.”Read More →
For long China has been displacing Western companies by cheaper products. But many have failed to see how this displacement has been overtaken by disruptive business models, writes IMD professor Bill Fischer in the Harvard Business Review.Read More →
McDonald´s might be in China for decades, it still has problems to adjust to the fast changing realities on the ground, says business analyst Shaun Rein to QZ. They now decided to increase their franchises and leave the cooking to people who better know the Chinese taste, says Shaun Rein, and that seems a smart idea.Read More →
Starbucks raised its prices, causing a stir among the many users of the popular coffee chain. They will whine a bit, but get over it very soon, says retail analyst Ben Cavender in the China Daily, and he does not expect a sustained backlash.Read More →
Shanghai Disney opened this week after five years of preparing while China´s growth had been relatively slowing down. But business analyst Shaun Rein does not see this mega operation will be hurt by dropping consumer spending. Chinese still spend on experiences and their kids, he tells AP.Read More →
The Hurun China rich list published its annual list of people giving to charities. Not only grew the amount of gifts year-on-year in 2016 50%, the givers organize their charity more professional and are better aware of its effects, tells Hurun Chairman Rupert Hoogewerf in the Luxury Daily.Read More →
Why is retail giant Suning going for one of Europe´s largest soccer clubs, while other Chinese tycoons went for the smaller fish? It is part of the firm´s global strategy, expending into Europe, says Rupert Hoogewerf, founder of the Hurun China rich list in the International Business Times.Read More →
The e-commerce industry is still relatively young, and on the corporate battlefield to two, three big players, many smaller companies will succumb, predicts retail analyst Ben Cavender in the China Daily. What does it need for companies to survive in China?Read More →
Even ahead of its official opening, the Shanghai Disneyland park looks for many the place to be. Costs might be higher, but it will add positively to consumer spending, says business analyst Shaun Rein in Bloomberg. “Every person with a kid or grandkid in China is going to go to Shanghai Disney as long as it’s big enough and good enough.”Read More →
New England shoe company New Balance is suing a competitor in Guangzhou for using its brand name. The case does not lead anywhere for the US company, and business analyst Shaun Rein explains in Fortune why legal action sometimes can be counterproductive in China. Fighting for China to change might not work.Read More →