Single’s Day has become a huge commercial success, and retail analyst Shaun Rein explains why luxury sales will boom thanks to e-commerce: for many Chinese the luxury stores are just too far away, he tells in CNBC.
Category Archives: Alibaba
More than half of the world’s richest female entrepreneurs come from China, says the latest annual Hurun Rich List, according to the China Daily. A proof for China’s good business climate, says Hurun founder Rupert Hoogewerf.
China’s government has picked Google’s Android for its dominant position, because the government simple does not trust Google, tells business analyst +Shaun Rein to Bloomberg. But Android has not real local competition for the next two, three years, and China’s consumers just want the best, he adds
The names of some China brands might slowly get recognized is some markets, but there is still a lot of work to be done before they might get appreciated as brands, tells marketing guru Tom Doctoroff in the China Daily.
Almost half of China’s top-1000 wealthy saw their resources decline, according to the 14th annual Hurun Report, published today. The total number of billionaires dropped and 37 even lost more than half of their wealth, says Hurun founder Rupert Hoogewerf.
Economists differ very much on the future of China’s short term economic direction, upwards or downwards. But in every case, e-commerce giant Alibaba is going to be a winner, predicts consumer analyst Ben Cavender in Bloomberg.