The Chinese renminbi reached new highs against the dollar several times in December and is projected to appreciate further in 2014. The worry is that foreign exchange arbitrage is driving up demand for the Chinese currency and this may cause large capital outflows in future. In August 2010, a rusting coin was unearthed in Mambrui, […]
How foreign banks in China are planning for the future in the light of a complex regulatory environment. Many of the world’s largest manufacturers have set up storage units and factories in the Waigaiqiao Free Trade Zone about 20 kilometers from the bustling center of Shanghai, mostly to reap tax benefits. The quiet streets and […]
Chinese banks employ various strategies as they steadily march into international markets On July 6th 2012, Industrial and Commercial Bank of China (ICBC), the world’s largest bank by market value, became a controlling shareholder in The Bank of East Asia’s US subsidiary after receiving final approval from American regulators to purchase 80% of the bank’s […]
In the world of online retailers, Liu Qiangdong’s Jingdong Mall is a rare success story–a brick-and-mortar chain that made the transition to the internet. Earlier this year, Associate Professor of Strategic Management Teng Bingsheng looked into what has enabled Jingdong to stand up to giants like Gome and Jack Ma’s Taobao. Here’s what he found. […]
All interested accounting faculty and doctoral students are welcome to attend. Lunch, beverages and snacks will be served to all. There is no registration fee.
Shi Weilei, Professor of Managerial Practice, CKGSB Many academics and practitioners study successful companies that have gone through digital transformation to discover the secret behind their success. But in this case, we look at the failed cases, ones that have gone bust. By doing so, we hope to find common causes that lead to failure. We studied 12 state-owned enterprises (SOEs), private […]
The week that was: Chinese e-commerce retailer Jingdong (JD.com) finally went public on the Nasdaq; China’s property market still in the dumps; and Lenovo faces challenges on its home turf. JD goes public on NASDAQ Before Alibaba bombards US investors, China’s second-largest e-commerce company JD.com (also known as Jingdong, and previously known as 360buy.com) lauched […]
Jingdong (JD.com, which was formerly known as 360buy.com) began as a brick and mortar electronics retail company in Beijing’s Zhongguancun market in 1998. But the 2003 SARS epidemic hurt business as people stopped going out for shopping. The ingenious founder Liu Qiangdong smelt an opportunity here and dabbled in an experiment in selling his goods […]
When online retailer Jingdong Mall, also known as 360buy.com, announced its plans to raise up to $5 billion for a 2012 IPO, everyone began to speculate: Is it due to high profits, or no profits? Should they be going public so early? A few key issues shed some light. First of all, it is without […]
CKGSB Europe Executive Education Director Neil Selby delivered an interactive lecture “Understanding Europe in 3 Characters and 9 Stages” to a group of FMBA students earlier this month, before leading a trip to Oxford University’s Ashmolean Museum.
Why the price wars in Chinese e-commerce might end up becoming a race to the bottom for the companies involved. When you were a child, your parents might have warned you to be careful what games you play lest you get hurt. The same advice might be needed for some of China’s biggest retailers as […]
While issues surrounding gender equality in the workplace have become more prominent than before, women continue to face a myriad of challenges in the workplace and particularly at the senior leadership level.
Mobile e-commerce is booming in China, so much so that traditional PC based e-commerce sites are feeling the heat. “Laptop + Digital Camera – RMB 899! Laptop +Mobile Phone – RMB 2,000! Take advantage of these amazing package deals NOW!” This is not a late-night TV shopping program. Despite the shrill insistence by shopping network […]
Bill Fischer, author of Reinventing Giants, on how CEO Zhang Ruimin transformed Haier from a lumbering giant into the world’s largest white goods manufacturer—and a world-class brand. China has never been at the forefront of management innovation. Whenever you talk of management innovation, the companies that come to mind are GE, Procter and Gamble, Whole […]
The week that was: China GDP growth falls to 7.4%; government may ease controls on housing market; and Tencent to bring popular game Candy Crush to WeChat. China’s growth falls short of the target China’s first quarter GDP growth is not so glamorous—in fact, the 7.4% rate is an 18-month low, according to The Wall […]
Have Chinese consumers lost their appetite for Yum! Brands? The KFC in the food court at Shanghai’s New World Department store has seen better days. The yellow stuffing of a dingy vinyl booth has broken free of its casing, and someone has patched it with tape. A stool is minus its seat, and faded promotional […]
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The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
