Alipay in China

Alipay in China

Cash is becoming a thing of the past in China. Almost 1 billion people in China actively use mobile payments. Two major companies propel digital payment in China: Alibaba and Tencent. Alibaba’s Alipay is preferred over Tencent’s WeChat Pay by … Read more

WeChat Pay in China

WeChat Pay in China

Whether it is one of the bustling streets of China’s cities or the remote corners of its countryside, people use WeChat Pay to purchase goods and services. WeChat Pay is a mobile payment platform that has changed a lot of … Read more

Foreign credit cards in China

Foreign credit cards in China

There is some great news for all foreigners going to or living in China. Foreign credit cards in China are now accepted for mobile payments. Foreign tourists can pay with WeChat Pay (Visa cardholders) and AliPay (Mastercard cardholders) when traveling … Read more

Alipay Tour Pass

Alipay Tour Pass

When going abroad, many wonder how to make payments for purchases and services. Mobile payments are getting more popular, but they may not work in a foreign country. China is known for being advanced in this area, from paying by … Read more

Shanghai factories reopen despite lockdown

Shanghai factories reopen

Since Shanghai was put under hard lockdown, many factories halted production. As the situation normalizes, Shanghai factories reopen to ensure economic growth and reach the planned annual growth rate for this year. China’s Ministry of Industry and Information Technology has … Read more

Cost of living in Guangzhou

Cost of living in Guangzhou

Guangzhou (also known as Canton) is the city of the largest and oldest trade fair in the world. A city of business that is eagerly visited by numerous entrepreneurs from around the world. The capital of Guangdong Province has over … Read more

Cost of living in Beijing

Cost of living in Beijing

Beijing, the capital of China, is one of the most popular cities among tourists. This is the second (after Shanghai) city in terms of population in China, and, in addition, one of the four separated cities bordering the Hebei province … Read more

Days off in China

Days off in China

International cooperation requires adaptation to the circumstances of both countries. Entrepreneurs dealing with Chinese businesspeople should be particularly aware of the irregular calendar of Chinese holidays. Those traveling to China should also be mindful of the dates of public holidays. … Read more

Cost of living in Shanghai

Cost of living in Shanghai

Shanghai is one of the most popular cities in China, visited by numerous people from around the world. Some go on a tourist trip, while others plan to stay there a little longer. Many people choose to study in this … Read more

Mastercard gets green light in China

Mastercard has obtained preliminary approval to create and operate bank cards in RMB. Mastercard’s activity in China is gaining access to the $27 trillion payments market (2018) as part of the financial opening of China. The new Mastercard project is … Read more

E-commerce in China

Ecommerce in China

China is the world’s biggest e-commerce market. It has over 50% of e-commerce sales, totaling to 2.78 trillion USD. Among the products that the Chinese buy online are clothes, cosmetics, electronics, and even fresh produce (more than 50% of customers). … Read more

Global brands in China

Global brands in China

Foreign brands in China are popular, especially among the Chinese middle class and younger generation. The Chinese crave the “American lifestyle,” resulting in the popularity of brands such as Starbucks, Apple, and KFC. Purchasing American or European products is an … Read more

The rise of Chinese B2C ecommerce

Ecommerce in China

The E-commerce market grows in size year after year. Which country is on the top? The answer is China. China is the biggest eCommerce market in the world. How did Chinese B2C e-commerce become so big? Chinese B2C ecommerce In the … Read more

Trends and statistics of Chinese e-commerce

Trends and statistics of Chinese e-commerce

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

Chinese visa regulations

New Chinese visa regulations

The growing importance of China is reflected not only in the big 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

Baidu – a persistent search for the ideal

Baidu

A typical internet user has several habits that he formed over the years. If we want to search for information, we usually open Google even without thinking. The corporation from Mountain View has practically monopolized the world’s internet search market, … Read more

WeChat – mobile communication, mobile business

WeChat

Tablets and smartphones have conquered the Chinese market. There are over 970 million smartphone and 460 million tablet users in China. There is a lot of potential in the Chinese mobile apps market. Tencent Holding, which developed popular QQ messenger … Read more