Chinese companies going global. Global companies capitalizing on the size and growth of the China market. State-owned enterprises. Policy-based state investment. Startup unicorns with Chinese characteristics. There is no shortage of business stories to tell in China.
In 2020, ByteDance — the company globally famous for TikTok — began selling a desk lamp that uses AI to help kids do their homework and allows busy parents to supervise remotely. The product became a best seller and has sparked a multibillion-dollar “Great War of a Thousand Lamps.”
Electric vehicles, smart systems to drive them, and advanced batteries to power them are attracting enormous sums of capital and China’s best engineering talent. These are the companies that are fighting for one of the most lucrative markets in the world. Many of them will be global EV players.
Huawei’s global phone ambitions have been severely affected by U.S. sanctions, but the Chinese networking company is a warhorse, charging into the fast-growing multibillion-dollar market for components and software for electric and smart vehicles.
With Western sanctions piling up, the urgency is increasing for China and Russia to develop financial alternatives to the dominant dollar-Euro financial system. The RMB, while far from replacing the dollar, is slowly gaining traction as an international currency.
The 2021 The China Project Women's Conference features the leading women at the top of their industries in China. Investment banking, venture capital, biomedical, philanthropy, and more.
As many businesses moved online last year, an old English tradition gained traction among Chinese youths. A pub chain’s IPO may signal the rebirth of offline spaces.
Tech-savvy beverage startup Genki Forest has won over tens of millions of health-conscious customers with delicious drinks that contain no added sucrose. But some of those customers are angry to discover that low sucrose does not mean low sugar or low calorie.
In a major escalation of its crackdown on Big Tech, the Chinese government went after ecommerce giant Alibaba for abusing its market position. Many Chinese people cheered.
Whether in response to a state directive or as a pre-emptive move to avoid public outrage, Chinese streaming services have taken to blurring foreign brands that refused to use Xinjiang cotton. Where do nationalistic consumer boycotts go from here?