Tmall, the B2C unit under China’s largest e-commerce company Alibaba Group, yesterday said it will offer 300 million Yuan (US$48.4 million) worth of cash vouchers and encourage consumers to share gift coupons with friends to allow more participants at its annual shopping spree on November 11. Read the rest of this entry »
One of the things that surprised me most when I visited China in 2009 was how much more modern the cities were then I had expected. There were glimmering skyscrapers everywhere I looked, new roads packed with Audis and Mercedes, and this was almost 5 years ago now.
China is currently spending more then $500 billion annually on its infrastructure. That’s more then the United States, and more then Europe. Here’s where all that money is going, and the three reasons China’s cities with continue to thrive with economic success:
For retailers in the west, established social media platforms like Twitter and Facebook are must-have marketing platforms, but we all know things work a little different in China. Popular western social media is still largely unavailable for use throughout most of China, which is why they got creative, and created their own versions.
Mobile banking is becoming more and more utilized among banking customers, mainly because of the increased adoption of smart phones and tablets, especially among younger generations. As mobile banking usage has radically increased, it has risen as more of an additional customer expectation that compliments other banking channels rather than as channel replacement in itself. Read the rest of this entry »
In Bangladesh’s villages and on its street corners, Japanese fashion giant Uniqlo is quietly gathering market data to help it in its ambition of becoming the world’s top clothing brand in seven years. Read the rest of this entry »