Alibaba, China’s largest e-commerce firm, recently smashed global records for its ‘Single’s Day’ promotion on 11th November 2015, selling $14.3 billion worth of merchandise in just 24 hours. This is the equivalent to 120,000 orders placed every minute, covering both online spaces such as Taobao and Tmall as well as 180,000 brick and mortar sites across 330 cities in China. The numbers are staggering, but they also show a problem with the sheer scale of selling—how to ensure the quality and authenticity, of goods. Alibaba is now tightening the screws on fake goods being sold on its platforms, but can it stay one step ahead of counterfeiters?
Traditional Chinese Medicine: Business Blockbuster or False Fad?
Tong Ren Tang is a household name in China. The pharmacy specializing in traditional Chinese medicine (TCM) has been around since 1669. Legend has it that Tong Ren Tang was set up as the royal pharmacy for the palace of the Qing Dynasty. The dynasty came and went, but Tong Ren Tang withstood the test […]
Far From the Goalpost
Football in China: big business or a tale of flawed finances?
Cereal Success: Bright Food snaps up Weetabix
As Bright Food buys up iconic breakfast brand Weetabix, questions arise over whether China is eyeing a larger takeover of Western food firms?
Two to tango
While Jaguar Land Rover and Chery Automobile stand to gain from their partnership, they must realize that just having a joint venture is not enough to succeed in the Chinese market As you stroll down the busy streets of Beijing, it is hard not to notice the array of cars whizzing past. From frugal QQs […]
Asian persuasion
China is crucial for the future of business development of the ASEAN region This was far more than a holiday in Cambodia. From talks of increasing integration to internal squabbles and the rise of ASEAN’s lesser-known members, the 20th ASEAN Summit in April outlined the growing importance of this economic and political cooperative. It also […]
