Chinese authorities have started to regulate the usage of the bitcoin. That is not necessarily a bad thing, writes Shanghai-based lawyer Mark Schaub at the website of his law firm. “Regulation should be seen as an opportunity, too. More stringent rules translate to lower investment risk and increased legitimacy.”
What internet companies coming to China forget is that the user base is completely mobile. They have always done all their online stuff on mobile devices, says managing direct William Bao Bean. of accelerator VC firm SOSV at MOX Demo Batch Day 3, writes E27.
Communication in China has changed into a completely different ball game, most Western visitors fail to get. Especially the blurring line between personal and business communication is key to understand, says business analyst Shaun Rein at Knowledge CKGSB. For example for recruiting.
Bike sharing has met mixed reactions in China, including Beida professor Paul Gillis, who wondered earlier this year whether the investments made business sense, while they are already expanding internationally. The business case still has to be proven, Paul Gillis now admits on North Carolina Public Radio, bike sharing has changed his urban life for the better.
Foreign multi-level marketing (MLM) firms like Herbalife, Nu Skin and Usana Health Sciences got into trouble as Chinese authorities turned in a 3-month campaign against domestic illegal pyramid schemes. Shanghai-based lawyer Mark Schaub explains the background at the China Law Insight.
As China’s autumn meeting on decisions for the next five year looms, private capital has clearly brought to heel and is deployed to support the state economy, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® to the South China Morning Post. “State enterprises are guaranteed a “dominant” role in the economy,” Kroeber said
Chinese investors are still flocking into the Royal Albert Docks in London, says property consultant Sam Crispin in the South China Morning Post. Doomsday scenario’s with rigid capital control from Beijing and the Brexit is not stopping those investments.
A favorite hobby among analysts and journalists is comparing Chinese companies with American or European competitors. Alibaba has little in common with Amazon. The differences are often larger than the similarities, says business analyst Ben Cavender. And getting into the China market is certainly not easy, he adds at the BBC.
The decision by the Cambridge University Press to bow to Chinese censorship and block over 300 articles on its China site has shocked the academic world. Journalist Ian Johnson , author of The Souls of China: The Return of Religion After Mao, reports on the issue for the New York Times and tested from Beijing what he could no longer get.