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.
On the same day that Facebook CEO Mark Zuckerberg defended his company by saying it is “proudly American,” and that it competes against China’s “version of the internet,” TikTok CEO Kevin Mayer slammed Facebook for copycat products and for attacks that are “disguised as patriotism.”
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Mark Zuckerberg has to defend his company’s business practices in front of the U.S. Congress. Will he use the patriotism card to divert attention to TikTok and WeChat?
China launched its first mission to Mars today, just one part of the country’s space program that has interplanetary ambitions.
Supreme leader Xi Jinping gave a speech in which he provided mixed messages, urging companies to be both more patriotic and more innovative, and promising “deep reform and opening up.”
On Monday, most movie theaters across China were allowed to open their doors, after being shuttered for roughly six months because of the COVID-19 pandemic.
Will a generation of Chinese businesspeople, hardened by the economic and social shocks of COVID-19, change the way business is done in China? New research suggests that some Chinese entrepreneurs may emerge from the crisis with new experiences that will propel them to later success.
Burger King, General Motors, and popular Chinese news and video app Qutoutiao were all criticized by state broadcaster CCTV’s annual consumer rights show, which often makes a dent in both foreign and domestic companies’ bottom lines.
After an earlier false start, China is set to reopen movie theaters starting on July 20. They will be limited to 30% seating capacity, and half the number of screenings as usual.