Worldcrunch
Discreet about its strategy, the Chinese company Temu is proving a fierce competitor to incumbent e-commerce brands, notably Amazon, by operating at a major loss. Some are worried whether its aim is to collect something more valuable: data on the habits of Westerners.
Conceived in the early 1990s, the QR Code has spread exponentially during the pandemic. Its creator, Masahiro Hara, is one of the many continuing to innovate his most famous invention, which has changed everything from medicine to how we dine.
Long perceived as a country chasing Western tech, China’s business and technological innovations are now influencing the rest of the world. Still lagging on some fronts, the future is now up for grabs.
For a number of weeks now, Beijing has been trying to regain control of its internet heroes, who are considered too dominant. E-commerce giants and their standard-bearer, Alibaba and its founder Jack Ma, are directly in the line of fire.
As the European Commission targets U.S. retail giant Amazon for alleged antitrust violations, David Barroux in French business daily Les Echos offers his own take.
Consumer habits shifted dramatically as people sheltered in place. In-person shopping is picking up again, but everything’s still in flux for sellers, who will have to adapt or say ‘adios.’
E-commerce, local partnerships and logistics are among the keys to success for foreign retailers trying to tap into the massive Chinese consumer market.
HAMBURG — When Kathrin Fiesel talks about lunch breaks at her company, people can’t believe it: “You do what? You go dancing!?” Her employer, the e-commerce giant Otto, in Hamburg’s Bramfeld district, has for several months now been trying out alternatives to the classic visit to the canteen. One of the things they’ve come up […]
Online business is booming in China. According to data from iResearch, an Internet market research firm, the current scale of China’s e-commerce is similar to that of the United States, at $206 billion. A recent study by the Boston Consulting Group estimated that by 2020 China’s e-commerce market will exceed $1 trillion. What tangible effects […]
CAIXIN MEDIA (China), REUTERS Worldcrunch BEIJING – It wasn’t so long ago that its booming spending power and growth potential were calling all the world’s retail giants to set up shop in China. But according to Caixin media, a relative economic slowdown and the rapid rise of its e-commerce is prompting many of those foreign […]