As much as I’ve enjoyed my regular trips to Beijing, Shanghai, and Shenzhen this year, the real highlights of my travels to China have been visits to some of the country’s so-called Tier 2 and Tier 3 cities, including Hangzhou, Nanjing, Ningbo, Huia’an, and Huzhou.
To say that I was impressed with the progress that these lesser-known hinterland cities are making in developing modern infrastructures and building new industries would be a gross understatement. No matter whether it’s electric vehicles, renewable energy, biotech, New Retail, or New Manufacturing, they are leading the way in driving innovation on a massive scale that is already starting to impact global markets. Continue reading 2018 China travels: New Retail and New Manufacturing in Hangzhou
Alibaba have published an interesting overview of the Chinese coffee market on their Alizila website, even if it somehow neglects to mention the potential impact of emerging local players such as Luckin.
The key takeaway for me wasn’t so much the big numbers that the report throws around, but the two key consumption trends that it identifies: namely, the move to “premium artisan products” and the quest for “novel experiences.”
Continue reading China coffee market: the quest for novel experiential offerings
Earlier this week it was announced that China now has over 800 million Internet users – more than the population of every other county on the planet except for India. That represents a penetration rate of 57.7% according to the China Internet Network Information Center. Over 98% of the users go online with a smart phone; 566 million use mobile payments.
Continue reading China retail: a crucible of competitive innovation
Back home in Taipei. My trip to Beijing certainly gave me plenty of food for thought. Judging by the size of my stomach, a tad too much perhaps!
Continue reading Transforming the Traditional Beijing Breakfast