Tencent acquired a 15% stake of JD.com for $214M. What does it mean to Chinese B2C e-commerce? Chinese e-commerce market consolidation China accounts for more than 50% of global online retail. There are two major players in the Chinese B2C … Read more
Chinese smartphone manufacturer, Xiaomi attracted attention again. Its products are very popular in the Chinese internal market, but the company is willing to expand further to other places. Singapore is one of the steps on the way. Xiaomi enters Singapore … Read more
China is one of the world’s largest alcoholic beverage markets. For many years, the Chinese people preferred domestic alcoholic beverages. Recently the structure of demand changed. While the shelves of Chinese supermarkets are still filled with expensive ceramic jars with … Read more
Vaping is getting more popular. E-cigarettes are a great alternative to traditional ones. Some people do not know that the device was invented and patented in China in 2003. In the Chinese market, the retail price for a single pack … Read more
The Internet is filled with stories about successful dropshipping enterprises, and many of them are based on products imported from China. Several websites also offer cheap products from worldwide brands. But is it reasonable to engage in drop shipping practices … Read more
For many years, China has been a place where European and American companies moved their manufacturing facilities to, mostly in order to take advantage of cheaper labor. “Reshoring” or “onshoring” is the opposite of offshoring. It means moving facilities back … Read more
China is the world’s biggest smartphone manufacturer. In 2021, China shipped almost 330 million units of smartphones. New models keep coming out, and the demand is still going strong. If you want to import smartphones from China, you need to … Read more
Chinese company Lenovo, which is one of the biggest personal computer manufacturer in the world, is expanding in the mobile phone field. Recently, it has taken over the Motorola smartphone unit. Lenovo buys Motorola Lenovo purchased Motorola Mobility from Google … Read more
Usually, during the official holiday period, the whole private sector is working, but governmental institutions are closed. Holidays are also a chance for people to travel around China, so it is really hard to get a train ticket, and the … Read more
Dashcams are becoming more and more popular around the world, including in the US and Europe. Those kinds of devices are also relatively popular among Chinese drivers. China is one of the world’s biggest producers of dashcams, and a huge … Read more
Nest Labs was a home automation company from Palo Alto, CA. It produced smart, Wi-Fi-enabled programmable thermostats and smoke detectors. It was co-founded in 2010 by two former Apple employees: Tony Fadell and Matt Rogers. When Google acquired it in … Read more
China is the world’s biggest trader of physical goods. China exported $2.65 trillion worth of goods and imported $1.55 trillion worth of goods. The combined value is bigger than the US exports and imports. China is the biggest trader China’s … Read more
Chinese New Year (Spring Festival) is the most important festival in China and in many other East Asian countries. Chinese people celebrate it with their families by sharing a meal, drinking, and fireworks shows. In 2014 the Chinese New Year … Read more
China is number 2 in the medical equipment market in the world. China’s healthcare infrastructure is still below the levels of developed nations, but consumers’ expectations are rising, as well as their purchasing power. What is the customs duty for … Read more
China is the leading exporter of textiles on the globe. Recently Chinese labor costs have risen; the cost of raw materials also has increased. However, Chinese suppliers can still provide better quality products at lower prices when selling in bulk. … Read more
China is among the biggest furniture markets in the world. The rising housing market and the increasing purchasing power of Chinese consumers ignite the demand for furniture. Due to deforestation, Chinese manufacturers usually process wood imported from other Asian countries … Read more
Over the years, many web pages have been blocked in China. The long blocklist was extended to include Wall Street Journal and Reuters. These are not the only English-language web pages that cannot be accessed from China. It is all … Read more
Chinese chemical industry has been developing very quickly in the few decades. It can be said that China generates one-third of the world’s global demand for chemical reagents (which is more than Europe). The government strictly controls foreign investments and … Read more
The car market is among the most competitive and challenging. If the company wants to be present in the market, it must fulfill many rules and regulations. Whole-car import is considered especially troublesome, so most of the small and medium … Read more
Despite the growing prices and labor costs, China will remain the most important electronic equipment manufacturing base. There are many electronics producers in Guangzhou and Shenzhen. It is thanks to a large, qualified workforce and an efficient supply chain. But … Read more
For a long time, Western buyers of Chinese merchandise had two transportation options. They could choose fast but expensive air transport or economical maritime transport. Over the years, air freight and sea freight have risen. Then their alternative got more … Read more
“Chinese people are buying infant milk powder formula abroad!” “British retailers had limited the purchases of milk powder to two tins per customer!” – these kinds of news appeared quite often, and many Western businessmen started to think, “Well, maybe … Read more
The Chinese e-commerce market is expanding. The added value of the digital economy in China accounted for more than 38% of the country’s GDP. Almost ¼ of physical goods (FMCG) were bought online, compared to 4% in the US. It … Read more
The growing importance of China is reflected not only in the large number of Chinese companies making big investments overseas but also in the influx of foreign nationals into China. If you do business in China and plan to go … Read more
Territorial dispute or conflict is a disagreement over the control of land between political entities, such as states. China is becoming the world’s superpower, no wonder the Chinese government is voicing territorial claims against many of its neighbors. China’s territorial … Read more
October 1st is China National Day, one of the most important holidays in China. The celebrations commemorate the establishment of the People’s Republic of China on Saturday, October 1st, 1949. National Day of the People’s Republic of China All historians agree … Read more
Being an isolated “Kingdom under the Heavens” is one thing, but the drive to get profits is another. Throughout its long history, China has implemented many measures to promote international trade, and one of the most frequent is opening a … Read more
The population of China is over 1.4 billion. Over the past four decades, 800 million people have been lifted out of extreme poverty in China. More than half of the Chinese represent the middle class. On the other end of … Read more
Every year, the Chinese in China and abroad celebrate the Mid-Autumn Festival, which indicates the end of harvests and the beginning of autumn. The festival is held on the fifteenth day of the eighth month of the lunar calendar. Like … Read more
If you pay attention, you can spot a “CE” mark on the packaging of some products. What does it mean? The CE symbol means that the given product complies with EU requirements and was put into circulation. Which products on … Read more
Knowledge of the most important terms in international trade is crucial for mutual understanding. For example, one of the most common terms is “certificate of origin.” What is this document, and how to obtain it? What is the Certificate of … Read more