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?
If there’s one activity that unites China’s subway commuters, it’s huddling over their smartphone screens to watch the latest local, South Korean or Western TV shows downloaded or streamed from one of China’s many video websites. They’re part of a wider trend where more and more consumers are heading online to find their entertainment, and government statistics show music and video are the fourth and fifth most popular uses for the internet, respectively. But for all the prodigious growth, monetizing the interest has been a different matter. That is largely due to a pervasive culture of free, on-demand content, but that may be set to change.
Xiaomi has attained an enviable position in the Chinese smartphone market. But will its current strategies help it retain its prized spot as it gains scale?
As it pushes for internationalization, what is Chinese smartphone maker Xiaomi up against?
Allen Wu, chip designer ARMʼs Greater China President, on how the company is navigating Chinaʼs increasingly treacherous environment for foreign companies.
Chinese tech companies are stocking up on patent purchases, but is it anything more than share price padding?
In China’s fast-changing business environment, multinational companies are finding it increasingly hard to compete with Chinese companies. Our experts offer strategy tips that will help MNCs navigate China’s business landscape. Multinational companies (MNCs) in China are finding it hard to navigate what is an increasingly rough terrain. The economy is slowing, the cost of doing business in China is rising, and to add […]
Overnight the maverick electric car company became an evangelist of the Open Source philosophy. Why is releasing Tesla’s patents such a big deal? In the traditional business playbook, one way companies win is to create something useful, patent it, and then make money on their exclusive right to use that intellectual property (IP). Most companies still operate this way […]
The week that was: metal-financing fraud puts small traders in risks; forex interest rate liberation expands in Shanghai; Xunlei files for IPO; and Fosun buys into US film studio. China’s metal-financing scandal: ramifications Missing stockpiles of metals used as collateral to secure bank loans at China’s third largest port has caused domestic and international lenders to […]
The rise of indie music in China, and how China’s musical talent navigates piracy and red tape. It’s around 11:00pm on Friday night at Yuyintang, one of Shanghai’s main live music scenes, and an appreciative crowd of a few dozen Chinese and foreigners cheer as Duck Fight Goose finishes its last act, a compelling blend […]