Top executives at China’s internet giant Tencent earn higher salaries than their counterparts at Amazon, Twitter, Intel Apple and IBM, according to job portal Zhaopin.com. Business analyst Shaun Rein is not surprised, he tells the South China Morning Post. There is no other way to retain their talent in China.
Category Archives: ecommerce
From a cash country, where transactions were done by moving plastic bags with money between bank branches, China has turned into a leading force in fintech or financiel technology. Mobile payment are standard. Bitcoins and blockchain technology found in China early adopters. Social media have – more than anywhere in the world – adopted payment systems to facilitate online trade.
China’s markets are littered with failures by US firms, but Airbnb might actually have a chance, says Beida business professor Jeffrey Towson in the Guardian. Domestic competition is not strong, and Airbnb has opportunities in international travel by Chinese.
Chinese consumers are becoming a force to be reckoned with. Often erratic, but massive because of their size, says business professor Jeffrey Towson on this first #ChinaConsumer vlog. Three predictions on where to watch this force of the future on hyperadoption and mobile.
Online reading is developing fast into a major industry in China and China Reading of Tencent is heading for a huge IPO in Hong Kong later this year. For authors, e-publishing has major advantages compared to print publishing, says bestseller author Shaun Rein to Knowledge CKGSB.
As long as funds are flooding the bike-renting business, the dance will go on. But, warns Beida business professor Jeffrey Towson at his website, when the music stops, the dancing will be over. Consumers might be the winners, as long as the music plays.
Making money on mobile apps is – despite their popularity – almost impossible. Taiwan-based MOX and Shanghai-based Chinaccelator try to break the stranglehold of Google and Facebook on this industry, says William Bao Bean, managing director of both, to Tech in Asia.
More Chinese internet users are looking for good answers and are willing to pay for it. Paid Q&A apps emerge in China and business consulent Andy Mok discusses at CGTN America their business models and their chances to succeed.