With the growth of China’s economy came a host of new jobs, raising millions of people out of poverty. How are businesses cashing in on the now massive lower-middle income demographic?
The Grape Wall
The demand for wine among Chinese consumers is growing, creating an opportunity for wineries in the country as people look beyond imports.
The Future Of Shopping
Alibaba is rapidly expanding its new offline retail food store chain, Freshippo (Hema in Chinese), with stores operating on cutting-edge innovations.
What Happened to the Sharing Economy in China?
A steep economic slowdown is exacerbating the problems for once-golden startups in the sharing economy, from those offering shared office space to shared umbrellas In China’s sharing economy, it is no longer possible to just share and share alike. The concepts encompassed by the phrase “sharing economy” inspired a huge injection of investment funds […]
The Power of Pets
Chinese pet owners are increasingly spending money on products and services to improve the lives of their beloved animal companions. Pampered pooches have become beloved members of many Chinese families, and the pet care industry is booming as a result.
Alternate Realities: Massively Multiplayer Online Games in China
China dominates the global gaming industry with its enormous market. What is driving this trend? Massively Multiplayer Online Games (MMOG) are part of China’s growing virtual entertainment culture, generating both cash and concerns about addiction and social isolation.
Crossing the Street
Foreign supermarket giants are losing their dominance in the Chinese market to local competitors. The retreat of foreign supermarkets is reinforcing China’s reputation as an infamously difficult market to break into.
Secondhand, First Choice
Sales in China’s secondhand market are booming. What is driving the trend away from new? Buying a used car or anything else secondhand is still unusual in China, where consumers have a deep desire for the new. But low prices, online convenience and a slowing economy are changing things. He Bin, like many men […]
Freshly Brewed or Overly Roasted?
Chinese startup Luckin Coffee is expanding at a breakneck pace. How will Starbucks and other coffee players respond? Starbucks had coffee lovers in China’s main cities wrapped up until Luckin arrived, but is the market big enough and growing fast enough for both and more coffee vendors?
The Key Question for the New Economy: Who Owns the Data?
The “fourth industrial revolution,” defined by artificial intelligence, has begun. But with it comes a new problem: How can we protect our privacy while utilizing data as an asset? Property rights have been crucial to society since time immemorial, but as technology evolves, rights too are changing, and creating new challenges.
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