Changes in Chinese consumer demand during the Coronavirus
What does China need more of? We observed Chinese consumption during the Coronavirus and witnessed a radical shift from brick and mortar physical services towards online services in China. Given the number of people self-quarantined in their homes, those that frequented physical stores, gyms, and workplaces, are now trying out virtual offerings. Newcomers such as […]
China’s Social Credit System: What businesses should know
How China started to measure trustworthiness of businesses At the beginning of the 21st century the Chinese government began to make systematic use of new mediating technologies to measure the trustworthiness and financial creditworthiness of individuals and businesses. Establishing an online financial credit system was seen as key to better integrating China into the global […]
White-collar workers in China: Chasing the Chinese dream on 8,000 to 11,000 RMB a month
Similar to western countries, white-collar workers in China are widely pictured as symbols of leisure-oriented lifestyles. With supposed decent pay, a nice office, and stylish clothing. However, with inflation and surging housing prices, white collars lead a more difficult life than expected. Drafted in early 2012, the criteria circulating on the internet that classify white-collar […]
Chinese daily life during the Coronavirus outbreak: Facing boredom with humor and digitization
How are Chinese people entertaining themselves during the Coronavirus outbreak? The 2020 Lunar New Year will be remembered for more than just the year of the rat. In addition to celebrating the New Year with family, China also had its hands full containing the outbreak of the Novel Coronavirus. The economic impact of the Coronavirus […]
The smartphone market in China: Still largely untapped
The total number of Chinese smartphone users has reached 748 million in 2019. Approximately 53% of the population uses smartphones, leaving much of the smartphone market in China untapped. This number is expected to reach 868 million by 2023. With the sudden prevalence of smartphones in China, smartphone user habits are different in China from […]
Daxue Talks transcript #23: How can a brand develop a real in-house capability in China?
Find here the Daxue Talks episode 23. Learn from Max Peiro how to combine a real in-house capability in China with a tech team and external collaborations. Full transcript below: Max Peiro: My name is Max Peiro. I’m obviously not Chinese. I’m from Barcelona, but I’ve been living for 12 years in Shanghai. I am the […]
Daxue Talks 23: How to drive agile innovation in China?
Max Peiro, Daxue Talks’ new guest talks with us about brands’ in-house tech capability in China. As the founder and CEO of Re-Hub, a retail innovation platform based in Shanghai, Peiro brought his expertise about how to combine an in-house tech team and external collaborations to drive agile innovation in China. ACCESS THE TRANSCRIPT OF […]
The credit insurance market in China
What is credit insurance? Credit insurance is a part of the non-life insurance market. It is a type of insurance where the insurer is liable for the economic loss suffered from failed contracts or failing to pay off debt. Credit insurance in China can protect companies from the risks of trade such as customers failing […]
How movie sales reflects sophistication of Chinese consumer preferences
Investigating what movie preferences say about Chinese consumers As of August 11, 2019, Nezha, a movie re-adapted from an ancient Chinese mythology, has grossed over ¥3.5 billion ($700 million) in China, becoming the most popular movie of the summer. However, recent sales are not too optimistic for other players. Because of strict censorship, four highly-anticipated movies were pulled […]
What to know about the newest special economic zone in China: Xiong’an New Area
What is a special economic zone in China? In the late 1970s and 1980s, the Chinese began experimenting with capitalism by opening up special economic zones in coastal areas. These special areas were allowed special economic rules separate from the rest of the country. For example, foreign investment and companies in these areas faced lower […]
Smart Buildings in China: Creating a smart city ecosystem
The rise of smart technology in China China is carrying out the process of creating ‘Smart Cities’. A smart city is an urban area that uses various kinds of information and communication technologies to increase operational efficiency and manage resources. Smart cities in China are comprised of smart technology. Smart technology is technology that makes […]
Good news for foreign companies: The ease of doing business in China is increasing
This October, the World Bank released its annual ‘ease of doing business’ report. This year, the report is called “Doing Business 2020.” It showcases the progress that countries have made to improve their business climates during the last year. Perhaps as a surprise to many, the ease of doing business in China has improved at […]