One day after the record-breaking Single´s Day, for business analyst Shaun Rein it is clear the economy is gong strong, he tells Bloomberg in a podcast. The shift from investments to consumption, the plan of the government, is really happening he says.
Category Archives: investments
Alibaba bought the video-services Youku-Tudou, a mash of Youtube and Netflix, but at least ten times bigger, tells business analyst Shaun Rein in Bloomberg. It is a sign competition between internet giants in China is heating up, and Alibaba first want to strengthen its position there, before taking the rest of the world serious, Rein says.
Wang Jianlin, chairman of the China Wanda Group, tops the 2015 Hurun Property Wealth List, with 120 billion yuan (US$18.9 billion) in real estate. Property tycoon have been doing really well, says Hurun founder Rupert Hoogewerf in the China Daily, despite the relative drop in China´s growth.
Now China is preparing for a new megacity, Jing-Jin-Ji, combining Beijing, Tianjin and Hebei, the neighboring provincial capital Baoding is hoping to ride on the bandwagon too. Journalist Ian Johnson visited Baoding for the New York Times and looks at its chances.
While the global financial markets got all jumpy on China, author Joel Backaler, of China Goes West: Everything You Need to Know About Chinese Companies Going Global, toured meetings with Chinese executives. He did not encounter a sense of panic, he writes on LinkedIn, there is an effect on outbound investments.
China´s rich are perceived to be stingy when it comes to charity, but they do spend. Rich List Hurun founder Rupert Hoogewerf published his annual top-100 Philanthropists and explains to Barrons how they spend their givings. Jack Ma again keeps the top position.
Eyebrows were raised when China’s food delivery service Ele.me last week announced it raised funds worth US$630 million, while in reality it was less than US$400 million. Startup expert William Bao Bean was not amazed. China´s startups are very competitive, and cheating on figures is part of that, he told VentureBeat.
The observation might be shocking for Australians, but many Chinese find Sydney real estate cheap. Shanghai-based business analyst Shaun Rein explains why in the Daily Reckoning.
The recent downturn in the financial markets is not going to have too much impact on the booming scene of startups in China, says ChinaAccelerator managing director William Bao Bean in the Business Standard. Although the second half of 2015 would have been anyway tougher.