Global Lens on China
The Rise of China's Global Consumers
CHINESE companies are making international news like never before. By May 2016, Chinese outbound mergers and acquisitions tallied $111 billion, already surpassing the full year total of $108 billion for 2015.
Yet unprecedented media coverage of Chinese companies’ rapid overseas expansion overlooks the more human face of an increasingly globalized Middle Kingdom – China’s global consumers.
With record numbers of Chinese overseas travelers, students studying abroad, and diaspora communities around the world, Chinese consumers are a major global demographic that no company can ignore.
June 28, 2016, Tuesday
China’s ‘Land Kings’ Return as Housing Prices Rise
THE “land kings” are back.
That had been a nickname for Chinese developers paying sky-high prices for land parcels during China’s property boom earlier this decade, which left so-called ghost cities of unsold housing across China.
Now, with housing prices in China’s larger cities again rising rapidly, frothy bids for land parcels are back.
The Wall Street Journal |
June 19, 2016, Sunday
WWE ready to rumble in China
WORLD Wrestling Entertainment is ramping up its presence in China, making its most popular shows streamable in Mandarin and introducing its first Chinese star in the latest US entertainment push to tap the country’s rising middle class.
“Because of what’s happening in China today, in terms of being more open to western content?.?.?.?we’ve reached an inflection point,” said George Barrios, WWE chief strategy and financial officer.
Financial Times |
June 16, 2016, Thursday
Is ‘Warcraft’s Outsized China Box Office A Game-Changer For Hollywood?
A perfect storm of strategic partners working with a piece of culturally resonant IP and a key release date helped Legendary Pictures and Universal Pictures’ Warcraft to an Orc-sized $156M opening this weekend in China. At the same time, the expensive film yielded an unimpressive $24.1M opening domestically. While this isn’t the first time that a Hollywood movie bows bigger in the Middle Kingdom, it is an exponentially larger example than those that have come before it. Is it a real game-changer — a sign that reliable China revenue will help studios cover downside risk for pricey global-minded tentpoles that currently lead to painful red ink and write downs when they flop?
June 15, 2016, Wednesday
China calls on men to donate sperm
CHINA has asked men between the age of 20 and 45 to show their patriotism in a rather untraditional way. "For the sake of your country, please donate sperm," the government said.
China hopes more young men will become donors to help fill sperm banks as they face shortages. Officials are also concerned that shortages will worsen since the government has allowed more Chinese couples to have a second child. China ended its decades-long one-child policy this year.
They are also using up to $1,000 in cash incentives as well as promises of a new iPhone, the New York Times reports.
USA Today |
June 14, 2016, Tuesday
Mickey Who? China’s Richest Man Opens Theme Park With Warning for Disney
THE gates of China’s newest theme park were flung open Saturday — the first salvo in billionaire property magnet Wang Jianlin’s campaign to unseat Disney as the undisputed king of the world’s entertainment industry.
The Wanda Cultural Tourism City, built to a tune of $3.3 billion by Wang’s Dalian Wanda Group, is the first of the firm’s 15 planned theme park and entertainment projects in China — plus five more internationally — slated to open by 2020.
Spanning almost 500 acres in Nanchang, a city of 5 million in China’s southeastern Jiangxi province, the project features a theme park — boasting China’s highest, longest and fastest roller coaster — a 14-screen movie park, aquarium, five hotels and a bevy of retail outlets, according to Wanda.
June 30, 2016, Thursday
China’s Wanda prepares for battle with ‘old brand’
MICKEY Mouse has a new and deep-pocketed challenger: China’s shopping mall king.
The developer that bought Hollywood studio Legendary Entertainment is preparing to fight Disney to lead China’s – and possibly the world’s— theme park industry.
Wanda Group and its billionaire founder, Wang Jianlin, are inaugurating a sprawling entertainment complex Saturday in China’s southeast three weeks before the June 16 opening of Disney’s first mainland Chinese park in Shanghai.
Wanda’s 20 billion yuan ($3 billion) site in the city of Nanchang has an outdoor theme park and teacup-shaped buildings that house a shopping mall, cinemas, restaurants, a film park and the world’s largest ocean park. It has 10 hotels.
The Seattle Times |
May 24, 2016, Tuesday
China's Huawei Looks to Build Global Smartphone Brand
CHINESE tech giant Huawei wants Americans to start thinking of it as a stylish smartphone brand.
Huawei Technologies Ltd., which pulled out of the U.S. market for network switching gear four years ago due to security fears, became the No. 3 global smartphone seller last year and passed Apple in China. This year, it launched a new flagship smartphone, the P9, and is positioning it to compete with Apple and Samsung.
ABC News |
May 17, 2016, Tuesday
China’s Virtual Reality Market Will Be Worth $8.5 Billion and Everyone Wants a Piece
HIP-HOP dancers, military marchers and daredevils in winged suits are bringing China’s Internet titans into the world of virtual reality.
These video stars have joined South Korean pop idols and animated fireflies as central players in a $1.1 billion global VR spending spree that’s being fueled by Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Baidu Inc.
May 16, 2016, Monday
Live-Streaming Apps Flourish in China
A young woman with bleached, short hair eats a plate of fried rice, swings her hips and sings along with music. A young man in a red, flowery shirt, painted red lips and a pair of pearl earrings screams through a megaphone—about basically nothing. A girl complains about how a man pretended to be her friend, then stole 100,000 yuan ($15,000) and a Vertu luxury phone from her. She shows photos of the bank transaction and the phone.
Welcome to China’s flourishing, new reality-show industry, where regular people use smartphones to live stream whatever suits their whims. User-generated video streams like the ones above helped drive Ingkee, a one-year-old live-streaming mobile app, to the No. 1 spot on Apple’s China app store multiple times in the past few months.
The Wall Street Journal |
May 11, 2016, Wednesday