China´s counts 2.9 million buyers of luxury products, and most of them make already their purchasing decision before they leave home, says China Rich-List founder Rupert Hoogewerf, according to WARC. Online presence is key for luxury products.Read More →
Legal protection for China´s consumers was long overdue, but a revision of the existing laws might change all for the country´s consumers, writes lawyer Mark Schaub in Lexology. All depends now on how those laws are being executed.Read More →
Alibaba´s IPO might have made a lot of people and banks more wealthy, especially Hangzhou – the birthplace of the eCommerce giant – will benefit. Rupert Hoogewerf, founder of the Hurun rich list, expects more expensive sport cars in the Hangzhou streets, he tells in USA Today.Read More →
Author Shaun Rein of the upcoming book The End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia discusses at the Business News Network how China has moved in ten years time from a copycat economy to real innovation.Read More →
Despite its close to US$22 billion IPO at the New York Stock Exchange today, business analyst Shaun Rein does not see in Alibaba a real global company. “Its model is not scalable in other large market like the US and Indonesia”, he says at has much work to do at home, especially on mobile where it is lagging.Read More →
After Alibaba filed this week its paperwork for its upcoming IPO. Business analyst Ben Cavender looks at its great profitability, but also risk from competition in e-commerce and fear for pressure fro the big Chinese banks.Read More →
Alibaba´s IPO is nearing, and their latest figures are great, tells business analyst Shaun Rein at Bloomberg TV, boosting even Yahoo´s results. But competition in China by Tencent is growing, making Alibaba not the only player in the country´s e-commerce.Read More →
“Jack Ma looks desperate right now,” says business analyst Shaun Rein at the BBC about the founder and chairman of the Alibaba Group. Alibaba has announced its IPO, but feels the breath of its major competitor Tencent coming from behind.Read More →
China’s laws have not kept pace with its rapidly evolving retail sector. A major overhaul of consumer protection legislation is set to take effect on March 15, 2014. In short the Revision basically changes everything for consumers in China. As always, only time will tell as to how it is implemented but the intent is clear – consumers will be given greater protection, writes Mark Schaub, lawyer at King&Wood and Malleson.Read More →
E-commerce is booming with expected annual growth of 50%, tells business analyst Shaun Rein at BloombergTV. Costs for brick-and-mortar stores are high, labor costs are booming, so much business is going online. Without big US players like Amazon and Ebay though.Read More →
Retail analyst Shaun Rein expects e-commerce in China to grow 50% year-on-year, giving its leader Alibaba a gigantic headwind, now the industry has won the confidence of the consumers, he tells Bloomberg TV. And pollution forces buyers out of the shopping malls to Alibaba.Read More →
Single’s Day has become a huge commercial success, and retail analyst Shaun Rein explains why luxury sales will boom thanks to e-commerce: for many Chinese the luxury stores are just too far away, he tells in CNBC.Read More →