“Chinese millennials, they are a huge market – nearly half a billion people, 400 million Chinese millennials and they represent 80 percent of our business here in China,” he said. “Our idea is to bring…
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Asia firms’ confidence hits near 2-year high on US, China pick-up: Survey
A coal-burning power plant can be seen behind a factory in the city of Baotou, in China’s Inner Mongolia Autonomous Region.(Reuters) Business sentiment at Asia’s top companies rose to its highest in almost two years…
Struggling in China, Amway bets on technology for turnaround
Two decades after entering China, the country remains the biggest global market for the Michigan-based firm, representing about 30 percent of its $8.8 billion in total sales last year. But China revenue has contracted from…
Tencent brand is still China’s most valuable
Chinese technology giant Tencent remains China’s most valuable brand, growing its worth 29 per cent to US$106 billion, according to the BrandZ top 100 most valuable Chinese brands report. It shows that technology brands continued…
Airbnb is hoping to win in China where many companies like Uber have failed
Airbnb already has 80,000 listings in China on its platform, despite little marketing spend, and its new brand in China will only seek to grow that number. “There’s a whole new generation of Chinese travelers…
Chinese brands call for reform with innovation
“China has come to terms with the new normal for its economy, but there are still massive opportunities for strong distinct brands to address the aspirations of the rising urban middle class and drive superior…
China backdown boosts Aussie brands
BEIJING: A delay on restrictive e-commerce regulations in China has boosted the fortunes of Australian health and nutritional brands that rely on the country’s booming online market. The new regulations, which were announced in April…
China's property giants launch green index
China’s real estate and construction sector accounts for 8 … “We talk about the supply chain, we talk about global brands. Where are the Chinese brands? We continue to get this question from global brands.…
Airbnb adopts new brand name Aibiying in China
Airbnb will rebrand its short-term home rental service in China as “Aibiying” and triple the size of its workforce in the country as it tries to woo a large but complex market for foreign tech…
Aldi launches in China with flagship store on Tmall
German discount supermarket chain Aldi has launched a flagship digital store in China, marking the brand’s entrance into the market. Aldi unveiled the brand’s first digital store on Alibaba-owned Tmall Global this week with a…
Tencent remains China’s most valuable brand
CHINA – The brand value of the top 100 Chinese brands has increased 6% to $557.1 billion, with Tencent holding on to the top spot, according to Kantar Millward Brown’s BrandZ study. Technology company Tencent…
Myanmar praises China for suspending rebels' bank account
Relations with China have been strained by the ethnic conflicts spilling … via two mobile payment services – Tencent Holdings’ WeChat Pay and Alipay, part of Ant Financial, which is affiliated with U.S.-listed Chinese e-commerce…
China Fights Toilet Paper Theft With Facial-Recognition Technology
BEIJING — A busy public restroom in China has begun deploying high-tech facial recognition technology to wipe out the problem of toilet paper theft. At Temple of Heaven, a popular tourist attraction in Beijing, users…
