China´s users of the Samsung Note 7 were already upset the Korean company did not pull back their faulty model from the Chinese market, like they did elsewhere. Now Samsung had to withdraw all Note 7 phones globally, they are in China done in their largest market, says business analyst Shaun Rein to Bloomberg.Read More →
For long China was the world´s working place with thousands of workers toiling away in dirty workshops. But China´s youngsters do not want to work in factories anymore, says business analyst Shaun Rein, author of The End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia, to MIT Technology Review. In stead, robots take over.Read More →
McDonald´s China is trying to sell its 2,200 stores for up to US$2 billion to third parties. A move that makes sense, says retail analyst Ben Cavender in CFO, because the number of people able to run chain stores has gone up exponentially.Read More →
“Highly collaborative and versatile.” That is how Hurun rich list founder Rupert Hoogewerf describes the billionaires coming from Zhejiang province, China´s region that produces most billionaires than any other in China and the world. And it is not over yet, says Hoogewerf to CNN MoneyRead More →
The surprise alliance between makes perfect sense, says retail analyst Ben Cavender to Reuters. Sony gets more access to the huge Chinese movie market, and Wanda to Hollywood. And we might expect more tie-up between Chinese companies and global players.Read More →
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.Read More →
European soccer clubs and their stakeholders look on with mixed feelings when yet another Chinese billionnaire sets his eyes on their clubs. But from the perspective of the Chinese billionnaires it makes perfectly sense, says Rupert Hoogewerf, founder of the China Rich List Hurun to the Telegraph.Read More →
Foreign companies and their business organizations used the G20 meeting in Hangzhou as an opportunity to point at the restrictions they face when they want to invest in China, while outbound investments from China go through the roof. You only have to look at the basic figures to see they are right, says author Arthur Kroeber of China’s Economy: What Everyone Needs to Know® to the South China Morning Post.Read More →
Uber learned much from the failures of other American internet companies who tried to enter the China market, but still failed. China veteran Kaiser Kuo looks in ChinaFile at the competitive market in China, making it almost impossible for foreign internet companies to gain substantial market share. Read More →
China´s state-owned shipping industry has already seen massive mergers over the past 18 months, and this week the State Council – the country´s highest administrative body – announced more mergers. But China veteran Paul French warns in Splash 247 to read too much into the announcement. Just an announcement does not mean it is a done deal.Read More →
When it comes to making money, Chinese e-commerce is more creative and successful, than any of their US counterparts, says VC William Bao Bean to the Washington Post. However, Chinese start-ups need to show they can generate enough revenue to make the model work in the middle term.Read More →
A range of food scandals with milk powder for babies has caused a wild-west market for mainly foreign instant formula, doing good business in China. Lawyer Mark Schaub warns that regulators are catching up, and new tough registration rules have a deadline for October 1, hard to manage for import products, he writes in Lexology.Read More →