Tencent’s WeChat announced a record number of monthly users over Springfestival passing one million. But WeChat expert Matthew Brennan expects that growth in numbers reached its top, and WeChat will be adding more functionality to expand its business, he tells CNNMoney.
Category Archives: Shenzhen
Handing out hongbao’s when staff returns from Spring festival is one way how Chinese companies retain staff. WeChat expert Matthew Brennan joined Tencent’s CEO Tony Ma handing out hongbao’s last Friday in Shenzhen to some of this 43,000 employees, he reports on his LinkedIn page.
Chinese brands like Huawei and Xiaomi have not only legal problems to enter the lucrative US market, says business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order. It would also help if potential buyers would be able to pronounce the name of the product they are expected to purchase, he tells the South China Morning Post.
Ant Financial, Didi Chuxing and Xiaomi made it to the top-3 Chinese unicorns in 2017 on a list of 120 most successful unicorns in Greater China, announced the Hurun Greater China Unicorn 2017 Index last week. Beijing is leading the pack, says Hurun founder Rupert Hoogewerf, followed by Shanghai, Shenzhen, and Hangzhou. Keeping up with the amazing growth is tough, Hoogewerf tells AsiaVenturepedia.
Internet giant Tencent might be most known for its loss-making WeChat, but that chat tool is effectively used to generate revenue through gaming, says e-commerce expert Matthew Brennan on QZ. The company reported a stellar performance of the second quarter.
Apple’s Steve Jobs was the first American CEO to discovered China’s massive brainpower potential when he got the first iPhone produced in six weeks time, by 200,000 workers and 8,700 engineers. China’s massive brainpower is a disrupting force for the world, says Beida business professor Jeffrey Towson, co-author of The One Hour China Book (2017 Edition) on his weblog.
The Times Literary Supplement reports on an evening with author Zhang Lijia of Lotus: A Novel on prostitution in China recently in London. One of the subjects: how did Chinese women fare under the market economy, introduce by Deng Xiaoping. About the government as a big boys’ club.
After the first raving reviews of Zhang Lijia’s book Lotus: A Novel on prostitution in China, interviewers dive into her research and how her novel relates to real people. At ChinaReadings Mike Cormack takes a look at (among others) the photographer Zhao Tienlin.