China´s consumers have been eager purchasers of foreign products, but getting them at the right price proved to be troublesome. New startups are going to make that choice easier, predicts William Bao Bean, general partner at SOSV and managing director of Chinaccelerator, in TechNode, after closing days of presentations by startups.
A Chinese bid for the Chicago Stock Exchange is running into major roadblocks, both in China and the US. The bidder the private Chinese company Chongqing Casin Enterprise Group might have waited too long, says business analyst Shaun Rein in the South China Morning Post. Both in China and the US barriers seem too high to close the deal.
Logistics firms in China, like ZTO Express, build on the booming e-commerce. Despite their success in China, it might take quite some time before they become global players like FedEx or UPS says business analyst Shaun Rein, and author of The End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia,to CNBC.
The trend of China´s rich planning migration to other countries has increased to 60 percent in 2016, according to the latest report by the Hurun Rich list. A weaker currency and fear for a collapsing domestic real estate market are the main reasons, Hurun founder Rupert Hoogewerf tells in the South China Morning Post. The US topped the list, followed by Britain, Canada, Australia and Singapore.
Investments have been flooding into bike-sharing, with Shanghai-based Mobike and Beijing-based Ofo as main players, including funds from ride-sharing giant Didi. But bike-sharing is nothing like ride-sharing warns Peking University professor Jeffrey Towson on his LinkedIn page. Five arguments.
The move by Blackstone not to sell a landmark California hotel to the Anbang Insurance group for security concerns shows domestic volatility in the US and serious risk for Chinese companies looking for investment opportunities, says business analyst Shaun Rein to the South China Morning Post.