Jack Ma, chairman of e-commerce giant Alibaba Group, took aim at a range of rivals from eBay to Chinese state-owned companies at 2011 AliFest, an annual customer convention held this weekend in eastern China, the Wall Street Journal reported. Ma said Alibaba Group hopes to increase the combined transaction volume on its Taobao Marketplace and […]
Category: Consumer
Jingdong Mall, the operator of one of China’s biggest e-commerce sites, may seek to raise up to US$5 billion next year in New York in what would be the largest internet-related IPO in history, the Wall Street Journal reported. People familiar with the situation said the Beijing-based company, which operates e-commerce site 360buy.com, plans to […]
The Consumer Price Index (CPI) in China rose 6.2% year-on-year for August, down from a 6.5% increase in July, MarketWatch reported. CPI is a main gauge of inflation published by the National Bureau of Statistics (NBS). The results were in line with expectations published by Reuters, and just above a 6.1% forecast from Dow Jones […]
CER editorial staff recently attended a lunch address by CLSA’s China guru and occasional CER columnist Andy Rothman, who remains cheerfully and unapologetically bullish on China. Rothman doesn’t believe the Sino-US trade surplus is a serious problem (amen), he doesn’t believe bad local government debt is a challenge, and he thinks the worst risk China […]
Categories
Jinlong Wang on China's caffeine levels
Jinlong Wang, Starbucks’ Asia Pacific president, on coffee in China: “The problem with China is that the country just isn’t caffeinated enough.” Source: LA Times