Bullet Messenger profiled itself last week at a competitor of WeChat, and got a lot of interest, certainly from investors. But its mission might be very tough to achieve, says WeChat expert Matthew Brennan at PYMNTS. “This is not a WeChat killer.”
Category Archives: business
The luxury consumer price index (CPI) went up 4.1% in the first five months of 2018, the highest rise since 2012, says Rupert Hoogewerf, chairman and chief researcher of the Hurun Report, according to the Global Times.
US president Trump closed a trade deal with Mexico, a minor victory, but putting more pressure on the trade negotiations with China, says business analyst Wang Haiyan at CGTN. For the time being, Trump can afford to play tough on China, she says.
Enterprise accelerator MOX (mobile only accelerator) let six startups show-case in Singapore last week. William Bao Bean, partner at the Shanghai-based SOSV explains how his network helps to use big data to enhance their chances on a global market, he tells at E27.
China’s internet giant Tencent had a rocky week with less than stellar quarterly figures and a government ban of a successful game. But while Tencent keeps on doing well, English language media have missed a major threat for Tencent, says internet expert Matthew Brennan on his China Channel website. Competitors like Bytedance and Tik Tok undermine the giant, he says.
Twenty years ago Chinese academics sent their first online message and since then the internet has changed China beyond recognition. Despite efforts by the government to keep freedom of speech in check, China´s internet users are freer than even. A few of our speakers are key experts in this field.
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.
Chinese companies have been gaining market share in India on a large scale, but in a different way than other foreign companies. William Bao Bean, managing director of the Chinacellerator, looks at their strategies and how they gained market share, for US News. William Bao Bean has a solid business background in both China and India.