When Alibaba´s Jack Ma met US president-elect Donald Trump and announced he would create one million jobs in the US, it was already taken with a pinch of salt. Mainly good PR, says Peking University professor Jeffrey Towson to AFP, by a Chinese company focusing on the US as its next market.
Almost all Chinese consumers use their mobile phone to pay, most overwhelmingly by Alipay. Fintech expert Andy Mok discusses at CCTV the implications. The technology is inplace, but the regulators are still slowing the implementation, he says. Regulation by the government is unavoidable, but in a way that serves the consumers.
Victoria Secret took on China online, but has now decided to open its first offline retail flagship store in Shanghai. They move very cautiously, says retail expert Ben Cavender in AdAge, and they have a fair chance of getting it right in one of the most difficult retail markets in the world.