Singapore x China business relations
The economic relationship between Singapore and China dates back to the 1980s when Singapore was one of the first countries to establish diplomatic relations with China. Since then, the two countries have been working closely together in various fields, including trade, investment, and finance. According to Singapore’s Ministry of Foreign Affairs, Singapore has been China’s […]
Business etiquette and culture in China: beyond the handshake
It is important to understand and respect the business etiquette in China, as it is deeply rooted in the country’s cultural and social hierarchy influenced by the Confucian tradition. By being aware of and following these customs, one can avoid any unintentional offense towards their Chinese business partners when doing business in China. 1. Know […]
“Will product packaging affect your purchasing decisions?”: Trending hashtag on Chinese social media”
Two weeks after World Consumer Rights Day, China Consumers Association released a survey on excessive packaging of products and consumer perception (商品过度包装问题研究和消费者感知调查报告) on March 28, which triggered discussions on Chinese social media Weibo in terms of #Will product packaging affect your purchasing decisions (商品包装会影响你选购吗)#, viewed and discussed over 1.25 million times as of the 4th […]
How health-conscious consumers are transforming the Chinese beverage market
The beverage industry in China is booming, thanks to the recovery of social events like parties and wedding banquets after the pandemic. The market grew to 1.25 trillion RMB (182 billion USD) in 2022 and produced 183.3 million tons in 2021. The most popular beverages in China in 2022 were packaged drinking water, carbonated beverages, […]
The Philippines x China business relations
The Philippines and China have had a complex business relationship over the years. China is a major trading partner of the Philippines, and the two countries have been engaged in various business and investment activities. However, there have also been political and territorial disputes that have affected their economic ties. The Philippines exports primarily agricultural […]
How cloud computing and business digital transformation boost China’s financial software market
As technology becomes increasingly sophisticated, more industries are integrating these innovations to boost their productivity. Financial software is arguably one of the most used systems in businesses. Understanding the financial software market in China is particularly beneficial given the country’s booming economy and status. The global financial software market Broadly speaking, financial software, often known […]
How POP MART leveraged co-branding to dominate China’s blind box toys market
POP MART (泡泡玛特) is a popular cultural entertainment brand in China that specializes in selling blind boxes. Founded in 2010, the company has become a leader in the designer toy market in China. In the first half of 2022, the company’s revenue was 2.4 billion RMB (349 million USD), up 33.1% year on year. Although […]
The rise and fall (and rise again?) of Carrefour in China
In 2022, Carrefour was the 8th most popular supermarket chain in China, with a revenue of 27.3 billion USD. At the beginning of 2022, the French giant had more than 200 stores across China. However, in Q1 of the same year, it registered the definitive closure of more than 24 stores. Carrefour crisis in China […]
ASEAN x China business relations
ASEAN and China have a strong business relationship. China is ASEAN’s biggest trading partner, while ASEAN is China’s third-largest trading partner. Major exports include machinery, electronics, and chemical products from China and agricultural products, mineral products, and machinery from ASEAN. The countries are also collaborating in the infrastructure, digital economy, energy, and tourism sectors. In […]
China’s sharing economy: a roller coaster ride of mixed performances in 2022
Sharing economy is an economic model where the Internet is leveraged by businesses to pair customers with service providers. It reorganizes the scattered resources and satisfies diversified economic needs. In China, the development of its sharing economy can be categorized into three stages: introduction (2000-2008), start-up (2009-2012), and growth (2013-present). Currently, China’s sharing economy is […]
Content is king in South Korea’s influencer marketing
Influencer marketing refers to the collaboration of influencers to market branded products and services. Interacting with people and buying items online has long become the new normal, contributing to the growth of influencer marketing worldwide. The estimated global market size of influencer marketing was USD 16.4 billion in 2022, twice the size it was in […]
How single Chinese women spend their money
Over the past few years, China has experienced significant demographic changes, including a rise in the number of single Chinese women. Despite the government’s wishes, more and more people are choosing to stay single, resulting in a significant decrease in marriage rates from 12.2 million in 2015 to 7.6 million in 2021. According to Guoyuan […]