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 […]
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 […]
10 mistakes Chinese brands make when going overseas
As the country’s homegrown brands increase in quality and capabilities, more Chinese brands are expanding overseas. However just like when foreign brands enter China, many Chinese brands make mistakes in localizing to foreign markets. In this report on 10 Mistakes Chinese Brands Make when Going Overseas, we highlight some common errors with case studies. Download […]
Shifting perceptions of money among Chinese Millennials
Millennials, also known as Generation Y, are those born between 1981 and 1996. This makes the oldest millennial 42 years old and the youngest 27 years old in 2023. There are more than 350 million millennials in China, amounted to about 25 percent of the whole population. They are more educated than the previous generations, […]
South Korea’s live commerce market is thriving due to rising demand for “ontact” services
South Korea’s live commerce is becoming a must for business in order to adjust to the changing consumer trends including those of the MZ Generation (MZ세대). Although the share of live commerce in the online shopping market was only about 2% as of 2021, it is expected to keep growing. According to a survey by […]
Fighting against fake products: counterfeit lawsuits in China
Counterfeit lawsuits in China are getting common to address the issue of alleged design theft and infringement of intellectual property rights. Counterfeit products are imitation goods that are produced and sold to mislead consumers into believing they are genuine. These products can range from luxury goods such as handbags and watches to everyday items such […]
A quick guide to start doing business in China
Following the zero-COVID policy, the Chinese economy has developed at a slower pace, growing by 3% in 2022, 2.5% less than the government’s predictions (5.5%). Yet, the Chinese market is one of the most flourishing in the world and offers plenty of opportunities for new companies. The opportunities and challenges of doing business in China […]
China’s Furniture Market: Analyzing the world’s largest exporter of upholstered furniture
After the country joined the WTO, China’s furniture market blossomed, especially due to the booming real estate industry. China is one of the world’s top manufacturers, consumers, and exporters of furniture, but local players are not able yet to compete with renowned foreign brands. Real estate and urbanization are some of the factors influencing the […]