Shanghai Disney has appointed three honory ambassadors for its park, actress Sun Li, pianist Lang Lang and former NBA basketball player Yao Ming better promote itself as a family-friendly attraction. A sign it does not only want to attract kids, but also adults, says business analyst Ben Cavender to the China Daily.
Today China celebrates the World Consumer Day with the traditional naming and shaming of companies who have – according to the TV program – let down their consumers. But the effect of the show, once compulsory for fearful foreign executives, is slowly beginning to lose its luster, says retail expert Ben Cavender to Bloomberg.
China´s GDP growth for the fourth quarter of 2015 has been set at 6.8%, lowest since 2009, but very much in line with the expectations, says business analyst Ben Cavender in Money Control. For 2016 he expects the figure to hoover in the mid-6 percent.
Preparations for China´s New Years shopping spree has started, and Alibaba focuses on the previous under-served rural areas. But foreign firm have not reacted very enthusiastically on this move, says retail analyst Ben Cavender to Dow Jones, since it is a very long-term approach.
Tmall Global of Alibaba offers international sellers since 2014 a platform to sell their products directly to Chinese consumers, and offers advantages like lower import rates. But, warns retail analyst Ben Cavender in Fortune that does not mean selling in China has fundamentally become easy.
Going cheap is no longer the prevailing trend among China´s consumers, as especially the younger ones, who have traveled a lot, look for good quality, says retail analyst Ben Cavender in the International Business Times.
Alibaba, and its competitor JD.com made a record sales (or gross merchandise volume, GMV, as it is called) during Single´s Day. But retail specialist Ben Cavender also looks at the little print in the contract, and wonders in CNN Money if the record sales contribute to the profits.
Some see the devaluation of the yuan as a panic measure by the Chinese government to reignite growth, but market analyst Ben Cavender tells the Guardian why the depreciation is mainly market driven, making the yuan freer from the US dollar peg.
Japan´s fashion brand Uniqlo is already leading in the China market over its Western competitors, and its link with Disney might give it an extra advantage, says retail analyst Ben Cavender in MarketWatch.
China has seen a wave of new internet companies, actually succeeding. A surprise after Google, Facebook, Twitter saw them locked out. Business analyst Ben Cavender tells in Quartz what the trick is: complying with the Chinese government. Names? Evernote. LinkedIn. Uber.