Authors: Francesca Hu, Lucy Dong Doing any sort of business in China requires flexibility, cultural intelligence, and quite a bit of humility. Any discussion of business in China starts with a foundational topic: the concept of “face”. There’s a saying in the Chinese language that goes “人要脸树要皮”, which translates to Read more…
Author: Riccardo Cantadori One of the leading themes running through 2021 for the Chinese luxury market is the rise of a new generation of consumers. In the recently released “2021 Tencent x BCG (Boston Consulting Group) China Digital Luxury Report”, the companies jointly stated the luxury market in China is Read more…
Author: Chantelle LeePosters: Maria Lin Despite months-long pandemic-related shutdowns, China’s local production has contributed largely to the growth in the box office. As of now, China has successfully surpassed the US as the world’s largest theatrical market. In order to ensure that China continues to lead in the box-office, the Read more…
Author: Alessandro Chen The popularity of TikTok created a social media billionaire, Zhang Yiming, the 38 years old software engineer who founded ByteDance. ByteDance is the multinational company that developed Tiktok. It was founded in 2012 and it is China’s first truly global internet company, which achieved a level of Read more…
Author: Alessandro Hu The 996 working system represents the work culture practiced by many Chinese companies (mostly tech companies). It forces a great number of workers to an excessive and gruelling workload: the work schedule starts at 9 a.m., goes off at 9 p.m., and comprehends 1 hour (or less) Read more…
Authors: Matteo Hu, Basile Theaud The entire world is currently watching the biggest liquidity crisis an Asian company has ever faced: the Chinese Evergrande Group is struggling to avoid defaulting on its enormous mountain of debt. The company is the second largest property developer, by sales, in China. It is Read more…
Author: Riccardo Cantadori Regardless of many current challenges, rational optimism and strong deal activity exist throughout the APAC economy. In particular, China’s merger and acquisition activity saw a strong recovery from the second half of 2020, surging to its highest activity levels since early 2018. By the end of the Read more…
Author: Chantelle Lee As of present, mainland China has 2 major markets based in the Shanghai financial hub and Shenzhen. The Shanghai Stock Exchange, which was established in 1990, mainly hosts large-cap companies, including state-owned enterprises, energy firms and banks. Meanwhile, the Shenzhen Stock Exchange, which also was established in Read more…
Since 2014, the People’s Bank of China (PBOC) has been working on the development of a national digital currency: the digital yuan, which is meant to replace part of the cash in circulation. In the last few months, China has handed out millions of dollars for real-world trials of the Read more…
On 30 March 2021, Xiaomi (小米 ), Chinese smartphone giant, announced its decision to enter the Electric Vehicle (EV) market. The Chinese technology firm will invest 10 billion dollars into electric cars over the next 10 years. Although Xiaomi is forecasted to emerge as the third-largest smartphone vendor in 2021, Read more…