Since 2014, the People’s Bank of China (PBOC) has been working on the development of a national digital currency: the digital yuan, which is meant to replace part of the cash in circulation. In the last few months, China has handed out millions of dollars for real-world trials of the Read more…
On 30 March 2021, Xiaomi (小米 ), Chinese smartphone giant, announced its decision to enter the Electric Vehicle (EV) market. The Chinese technology firm will invest 10 billion dollars into electric cars over the next 10 years. Although Xiaomi is forecasted to emerge as the third-largest smartphone vendor in 2021, Read more…
Chinese private equity funds aim to achieve record level funding in 2021 as global investors are to increase their exposure to the country despite the pre-existing tensions in the United States, especially with the present escalating sanctions row between Washington and Beijing, as well as the growing scrutiny of China’s Read more…
On the 2nd of March, the Chinese cosmetics start-up company Yatsen entered into a definitive agreement to acquire the prestigious skincare brand Eve Lom from Manzanita Capital. Yatsen is a leader in the dynamic China beauty market and it is the holding of the cosmetics and skincare brand Perfect Diary, Read more…
The unmanned aerial vehicle (UAV) industry growth has soared in recent years. Since the Federal Aviation Administration (FAA) approved hundreds of new exemptions for companies to operate drones in the U.S. in 2016, many new UAV companies are emerging. Among them, a Chinese company, EHang (亿航, NASDAQ: EH), has received Read more…
How to do business in China efficiently by bearing in mind cultural differences We can talk about Western business culture quite easily, but the same cannot apply to Asia. There is a far-reaching heterogeneity there. Therefore, the effort will be concentrated on the differences in business found between China and Read more…
Zoom is now one of the most used software for online meetings, lessons and calls with friends. At the end of 2019, there were on average 10 mln meetings per day, after the pandemic crisis the number grew up to300 mln. Zoom was founded by Eric Yuan in 2011, one Read more…
With the pandemic greatly shaping the global economy, China has emerged as Europe’s top trading partner for the first time, overtaking the United States, according to the European Statistics Office . Attributable to China’s V-shaped recovery from the pandemic, the trade between China and the EU was worth $709 billion Read more…
Who is the richest man in China? While at first most people would think of Jack Ma, the current richest man is Zhong Shanshan with an estimated $95.0 billion net worth, according to Bloomberg’s BillionairesIndex. Known as the “Lone Wolf” due to his low involvement in business groups or politics Read more…
Global e-commerce is expected to reach $6.5 trillion in sales by 2024 and Jingdong mall, better known as JD.com, is one of the top six e-commerce players in the world showing a strong growth outlook, according to Activate Tech and Media Outlook’s forecast. JD.com‘s growth is the result of a Read more…