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.
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China´s state media have gone in overdrive pointing out, what they call, the decline of US democracy, Zhang Lijia, author of Socialism Is Great!: A Worker’s Memoir of the New China tells at CNN. “They have gone into an overdrive,” she tells, although the official reactions have remained polite, naming this a win-win situation. Hillary Clinton, much more than Donald Trump, was seen as a potential anti-China force in the US.
China has a booming and innovative startup scene, looking for global expansion. But leading VC William Bao Bean of the Shanghai based Chinaccelerator is not going to put his money in the European or US markets. Facebook´s Zuckerberg is effectively stopping any startup from becoming the next Zuckerberg, he tells a German audience.
Chinese internet companies took the lead in selling through social commerce, rather than poorly working ads. China entrepreneur William Bao Bean explains how China is taking the lead from Western companies, at GetGlobal 2016 in Los Angeles. “Traditional ads are under pressure.”
This summer journalist and internet expert Kaiser Kuo left his position at Baidu, to return to the US and works as a host of the Sinica podcast at China-focused media startup SupChina. At CCTV he looks back at almost 30 years of change, he experienced. The 1980s saw still most profound change, he tells. Then the software, the mentality changed profoundly. Later it was mostly the hardware of the country that adjusted to those earlier changes.
Light can transport data in higher volumes and speed than the current cable systems, shows an experimental setup at Shanghai´s Fudan University in the documentary “Smart China” at Discovery Channel. It documents how the massive data exchange at food chains in China can guarantee food safety. Our technology speaker William Bao Bean comments at the documentary.
The aspirations of president Xi Jinping to expand into the world with his One-Belt, One-Road (OBOR) initiative can only be compared with president John F. Kennedy´s plan to put a man on the moon, tells VC Andy Mok. His grand and ambitious goal includes 70% of the world´s economy and turns China´s focus on the US to Europe, Russia and Iran.
The world´s most populous country is facing an unprecedented crisis, as its population ages fast, tells former New York Times Shanghai-bureau chief Howard French to PBS. The fast rising demand for social security, health care and a diminishing work force, will narrow down China´s economic expansion in the near future. The aging crisis not only shows the immense failure of the one-child policy, it will also force the country to become more welcoming to much-needed immigrants.
Leading economist Arthur Kroeber does not see reason for financial volatility in the short run, he tells at Bloomberg. The Chinese government will not try another devaluation, like they mistakenly did in August, and the funding of banks is very solid, at least for the next two to three years.
Rupert Hoogewerf or Hurun gives more details from his China Luxury Tourism market 2016, where he details the spending habits of rich millenniums at CNBC. For those kids, hotel rooms for US$500 are a basic average.