Tencent’s social platform WeChat is so huge, nobody can avoid the giant in China, says WeChat expert Matthew Brennan to Sixth Tone. Even Alibaba’s Jack Ma, Tencent’s largest competitor, has to use the platform.Read More →
hejiang province, with its capital Hangzhou, have developed into a preferred destination for billionaires, says Rupert Hoogewerf, founder of the Hurun China rich list. Zhejiang not only passed domestic cities like Beijing and Shanghai, but also Paris and San Francisco in the 2018 Hurun report, writes the Digital Journal.Read More →
Author Ian Johnson of The Souls of China: The Return of Religion After Mao meets controversial artist Qiu Zhijie for the New York Review of Books.Before the interview, Ian Johnson puts Qiu and their first meetings into perspective. Here is the introduction of the interview.Read More →
Ant Financial, Didi Chuxing and Xiaomi made it to the top-3 Chinese unicorns in 2017 on a list of 120 most successful unicorns in Greater China, announced the Hurun Greater China Unicorn 2017 Index last week. Beijing is leading the pack, says Hurun founder Rupert Hoogewerf, followed by Shanghai, Shenzhen, and Hangzhou. Keeping up with the amazing growth is tough, Hoogewerf tells AsiaVenturepedia.Read More →
China´s first tier cities seem to be getting out of breath, while second and third-tier cities blossom. Business analyst Shaun Rein has been predicting the shift already for a long time, he tells the South China Morning Post. The rising prosperity of lower-tier cities may boost tourism to cheaper destinations like the Philippines and Thailand, he adds.Read More →
Chairman Jack Ma of Alibaba promised US president-elect Donald Trump a million US jobs, but what he might get, says retail analyst Ben Cavender at CNN, are very, very few real jobs. “I don’t see a lot of job creation happening.”Read More →
If the presidency of China over the G20 in Hangzhou has showed anything, it is that a more self-confident nation needs the rest of the world not as much as in the recent past, says political analyst Arthur Kroeber to LA Times. “The U.S. has less leverage to get things it wants.”Read More →
Foreign companies and their business organizations used the G20 meeting in Hangzhou as an opportunity to point at the restrictions they face when they want to invest in China, while outbound investments from China go through the roof. You only have to look at the basic figures to see they are right, says author Arthur Kroeber of China’s Economy: What Everyone Needs to Know® to the South China Morning Post.Read More →
Officially gender discrimination is banned, but until recently that law was not enforced. That is changing now women take the offenders to court, and get their legal rights, writes author Zhang Lijia on her weblog. She discusses the cases of Huang Rong and Cao Ju.Read More →
After Alibaba´s IPO, its founder Jack Ma now tops China´s Hurun rich list, says Hurun founder Rupert Hoogewerf to the BBC. “The entrepreneurial spirit that has caught China seems not to be abating”. Jack Ma has now a fortune of US$25 million.Read More →
Alibaba´s IPO might have made a lot of people and banks more wealthy, especially Hangzhou – the birthplace of the eCommerce giant – will benefit. Rupert Hoogewerf, founder of the Hurun rich list, expects more expensive sport cars in the Hangzhou streets, he tells in USA Today.Read More →
Single’s Day in China, on 11 November, has become a major discounting e-commerce event, passing even America’s Cyber Monday in size. Retail analyst Shaun Rein explains why the Single’s Day makes Chinese youth happy at CNBC.Read More →