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.
Tag Archives: Andy Mok
If at any place the switch from brick-and-mortar is going fast, it is China. Permanent online consumers comment, exchange information, and buy 24/7. When you sit down in a restaurant, you first ask the code for the free wifi, before the menu. When you travel abroad, you constantly discuss with friends and family back how, what to buy, or what not to buy.
Almost all Chinese consumers use their mobile phone to pay, most overwhelmingly by Alipay. Fintech expert Andy Mok discusses at CCTV the implications. The technology is inplace, but the regulators are still slowing the implementation, he says. Regulation by the government is unavoidable, but in a way that serves the consumers.
JD.com, Alibaba´s largest competitor at e-commerce, has started to deploy drones to bring parcels to the country side. It opens a market to potentially 600 million rural customers for e-commerce, tells business analyst Andy Mok at AP. A market that was up to a short while ago, hard to reach.
A huge part of China fell for the charms of Donald Trump, and it is not only because of the excellent Mandarin of his granddaughter, says China veteran Andy Mok to SBS. He seemless fits many Chinese aspirations.
Now a massive row of Chinese companies, including Alibaba, are preparing for IPO´s, both at home at abroad, insights in China´s financial industry are more important than ever,
The government wants to allow market forces to decide what financial direction the country is taking, and because more than even capital is owned by Chinese citizens, just looking at what the central government in Beijing is doing, is not longer good enough.
Foreign companies fear an increasing risk in China, now the government is tightening legal supervision, fighting corruption and banning business practices that were considered to be common up to a year ago. GSK might be one of the high-profile cases in the anti-corruption drive, but no foreign company or industry is not worried about those changes. The China Speakers Bureau can offer a range of experts on risk management in China.
2016 is going to be the year where outbound investments from China are going to be a major story. Not only generate IPO´s from Alibaba and JD, much capital that used to be locked up in China, is now looking for opportunities to go abroad. A few of our speakers at the China Speakers Bureau focus on that development.
One of the major global initiatives by China was the One-Belt, One-Road (OBOR),reviving the old silk roads. And while it is an open platform, major trade partners of China are currently not part of the initiative, including Australia, the UK and the US. Major disputes, like the Ausgrid, Brexit and Hickley cases, might only add to the worries countries should have when looking at their relation with China, without being part of OBOR.
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.