Mark Tanner
Mark Tanner
11 November 2015 0 Comments

Here are this week’s news and highlights for China:

Online: Internet, Mobiles, Social Media & Ecommerce

Alibaba’s Internationalisation Efforts: In a little over an hour, consumers from more than 200 countries had transacted on Single’s Day. Chinese shoppers couldn’t get enough foreign brands, with some of the top sellers including Aptamil, Nurtion, Bellamy’s, Cambridge Sachet, Missha, Coach, Avenue, YSL and Clarks.

Alibaba’s Efforts for Domestic Growth: As Alibaba expands abroad, it is not forgetting its home market with a big focus on rural China and logistics.

Photos: Alibaba’s Pre-Singles Day Gala: China Skinny was kindly hosted by Alibaba for the Single’s Day Gala festivities at the Watercube in Beijing. Here are some of the photos.

Chinese Online Buyers Love Imported Goods and Promotion: Promotional pricing accounts for 14% of sales in physical stores in China, and 35% of online retail sales, helped by events such as Single’s Day. Goods aren’t always cheaper online though – the average price of toothbrushes sold online is 102% higher than in physical stores.

Michael Jackson’s Neverland Ranch Looks for Chinese Buyers via Taobao: Neverland is up for sale on Taobao with a starting price of ¥500 million ($79 million). It follows the sale of a $258 million luxury resort in southern Portugal which sold via a Taobao auction in July.

Social Users in China Share Personal Thoughts: The most popular content shared by Chinese social media users aged over 20 are personal thoughts (36.8%), daily life photos (32%), dining and travel photos (26.8%) and comedy and jokes (26.8%) according to Tencent Penguin Intelligence.

Consumers,  Chinese Consumers

US vs. China: Whose Century is it, Anyway?: Over the past ten years, the number of Fortune 500 companies in China has grown from 16 to 98, while the U.S. has dropped from 178 to 128. Whose century it is makes for an interesting debate.

A Harder Road Ahead: “Multinationals are no longer sitting comfortably at the very front of the plane, but compared with Chinese firms, they are “still flying in business class,” says Xiang Bing, dean of Beijing’s Cheung Kong business school.

China Rolls Out ‘Emergency Teams’ to Knock Out Disney Knockoffs: Chinese authorities have launched a year-long special campaign to protect Disney’s trademarks in advance of opening their $5.5 billion Disney theme park in Shanghai. 86% of U.S. businesses surveyed by AmCham believe trademark enforcement is improving in China.  Disney is also getting special treatment with the government shutting down local polluters, helping to form a Disney-themed firefighting force and issuing custom weather reports for planning events such as parades and fireworks shows.

Premium Food & Beverage

Understanding Middle Class Chinese Consumers’ Attitudes to Food: Over 80% of Chinese consumers say if they see a new food, they will try it, with over 70% looking for new experiences daily according to MLA. 86% say they try to buy additive-free food.

Business is Booming for Australian Wines in China: Australian wines have seen average prices rise 25.2% and volume increase 20.5%, helped by greater interest from Chinese consumers on the back of the FTA. 39% of Chinese now buy wine for health reasons, up from 31% last year.

Overseas Chinese Tourists

Alitrip Wants to Innovate and Disrupt Travel – Here’s How: On Single’s Day last year, 500 million travel packages, 300,000 air tickets and 150,000 hotel room nights sold on AliTrip.  The platform hopes to increase sales this year by offering innovative services such as hotel check in and out by mobile, and removing the need for credit card authorisations and deposits on bookings.

Pollution and Environment

China Burns Much More Coal Than Reported, Complicating Climate Talks: Since 2000, China has been burning up to 17% more coal a year than the Government previously disclosed – greater than Germany’s total fossil fuel emissions – according to data in an energy statistics yearbook published.

Banking, Investments & Property

How Chinese Developers Are Changing The Face Of London: Across London, the biggest and most luxurious construction projects are all the work of Chinese developers, including what could be the tallest apartment building in Western Europe.

That’s the Skinny for the week! See previous newsletters here. Contact China Skinny for marketing, research and digital advice and implementation.

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