The week that was: Transformers raked in the riches in China; Chinese brands stole market share from global brands; Tencent picked up a stake in China’s Craigslist 58.com; and the exchange rate for the RMB was further liberalized. Transformers in China: Age of Prosperity Michael Bay’s latest movie doesn’t have the apocalyptic undertones in China […]
China’s Craigslist Wannabes
Three erstwhile copycats innovate through trial and error, to fight the fierce war over online classifieds market A few years back Ren Jinglei, a university student interning at an IT company in Beijing, decided to buy a bicycle to ease his commute to the office. Like an increasing number of Chinese people, Ren prefers to […]
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