The German electronic retailer Media Markt announced now officially it will close its China stores in April, after a two year long expedition into the China market. Retail analyst Ben Cavender sums up for the China Daily what Media Markt did wrong.Read More →
Gone are the old queues of eager customers lining up in China’s cities, selling to Chinese customers has become a challenge. The quality of your customer’ services is going to be key for your sales, explains retail analyst Ben Cavender in CKGSB Knowledge.Read More →
Getting in favor of China’s rich is easier for some brands than others. Retail analyst Paul French explains in Business Week why the plan to make champagne a hit, like cognac is already, might not work in the Middle Kingdom.Read More →
Chinese companies are going global, but they would rather take on developing countries. Those are not always the easiest markets, tells Kaiser Kuo, communication director of the country’s largest search engine Baidu in CKGSB Knowledge. Read More →
The quality of the internet in China has become so bad over the past months, it is jeopardizing business operations because of the governmental filters, tells business analyst Shaun Rein in the Wall Street Journal. Pulling out of China is no option, but business might scale down.Read More →
Amazon is trying to sell its books in China, but is not yet selling its hardware – for regulatory reasons. A mistake, says business analyst Shaun Rein in Bloomberg, because in China you cannot make money with content, only with hardware.Read More →
Chinese sports wear brand Li Ning not only saw its shares tumble, but has lost its position as erstwhile favorite. Business analyst Shaun Rein is not very hopeful for its recovery in the short term, and expects an upsurge not before 2015 for the sport apparel sector as a whole, he tells Reuters.Read More →
The decision to close down German retailer Media Markt in China shows – yet again – a profound lack of understanding on how the market in China works, tells business analyst Ben Cavender in the China Daily.Read More →
Chinese consumers expect foreign brands to be safer and better than domestic ones. But when that confidence is hurt, like happened after a government investigating into the poultry supply of KFC, damage can be huge, explains business analyst Shaun Rein in Bloomberg.Read More →
Shopping in a secluded environment of private houses for sometimes personalized high-end items adds a new feature to the way how wealthy Chinese prefer to spend their money. Retail analyst Paul French comments in the Sydney Morning Herald on a new feature.Read More →
Business in China is going through a paradigm change as the traditional price competition is giving way to quality, tells business analyst Ben Cavender in CKGSB Knowledge. Chinese companies need to get away from the price-based competition that they used to gain market share.Read More →
China’s economy might be under pressure from the downturn in the US and Europe, but changing spending patterns might save its day, business analyst Ben Cavender told the Asian Gaming and Hospitality Congress. Read More →