Internet giant Alibaba paid US$2.6 billion for the retailer Intimate group, another sign Alibaba wants to leverage its online presence to brick-and-mortar retail operations, says retail analyst Ben Cavender to Reuters. Earlier it bought also leading retailer Suning.
Category Archives: internet
Sino-American China veteran and rock star Kaiser Kuo will return to China in February and March 2017 for several visits. It will be the first time for him to visit after he left his job as communication director at internet giant Baidu earlier this year. He will visit Shanghai for a speech in the third week of March 2017.
WeChat has been for long the golden grail for marketing to China´s consumers. But those days are over, says innovation expert William Bao Bean, director of the Shanghai-based ChinaAccelerator to TechNode. Marketing needs more platforms than WeChat, although the Tencent tool is still an important center piece.
Mark Zuckerberg caused quite some controversy when plans emerged to censor Facebook to facilitate a possible return for the company to China again. Whether you agree or disagree, the way China censors the internet is more than just blocking a few Western sites, and will not go away, says internet expert Kaiser Kuo in ChinaFile.
Following their Western counterparts, Chinese companies like Alibaba and drone maker DJI turn back to brick-and-mortar retail operations. Chinese consumers are becoming more demanding, says business analyst Shaun Rein to Bloomberg, and while previously sloppy service was common, now standards are going up.
The ChinaAccelerator, a tech-focused US$200m fund, picked Shanghai over Beijing, although typically most IT firms started off in Beijing. Shanghai is more international, says managing director William Bao Bean in the Economist.
Investments have been flooding into bike-sharing, with Shanghai-based Mobike and Beijing-based Ofo as main players, including funds from ride-sharing giant Didi. But bike-sharing is nothing like ride-sharing warns Peking University professor Jeffrey Towson on his LinkedIn page. Five arguments.
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.
Western internet companies have a troublesome history in China, but – says internet veteran Kaiser Kuo in the Technology Review – Facebook has a bigger chance to reenter China than Google. “Google is not trusted.”