JD Group (full Chinese name Jingdong – 京东) is one of China’s three major e-commerce companies, with the other two dominant e-commerce incumbents being Alibaba Group and Pinduoduo. This article is the first part of our two-part series on JD, where we provide an overview of the company’s history, business model, and key financial statistics. […]

In the first part of our China e-commerce series (here), we examined the 20-year evolution of China’s e-commerce sector from inception to the present, in addition to discussing key future trends that are expected to shape the country’s e-commerce landscape over the coming years. Next, we explored and analyzed each of China’s three main e-commerce […]

In this article, we introduce Li Auto (Chinese: 理想)(NASDAQ: LI)(HKEX: 2015), a Chinese start-up company that adopts a family-oriented approach to targeting the mid- to high-end segment of China’s automobile market. This article is part of our China auto industry series, which includes: Click here to subscribe and stay tuned for future updates! Introduction And […]

In this article, we introduce Wuling Motors (五菱汽车)(HKEX: 0305), a state-owned auto-manufacturer that produces engines and other automotive components for Wuling-branded cars as well as for other high profile automobile companies in China. Wuling-branded cars are primarily utility-based (e.g. pick-up trucks and vans), and have particularly gained traction among price sensitive, lower income consumers, with […]

In early November 2020, China’s State Administration for Market Regulation published a draft of new anti-trust guidelines aimed at regulating large internet companies with dominant platforms or ecosystems. The Guidelines were intended to reduce market distortions and promote greater competition in the markets through the use of a dynamic and flexible framework that has been […]

Pinduoduo (Chinese name: 拼多多) is an e-commerce company that found great success in targeting China’s forgotten consumers, i.e. the price-sensitive residents of lower tier cities who were eager to enter the e-commerce market but lacked an appropriate platform to meet their needs. The company pioneered the concept of piecing together purchases on a widescale, i.e. […]

In Part 1 of our Hengda (Evergrande) series, we introduced the Hengda (China Evergrande) conglomerate, while in Parts 2 to 4 we explored each of Hengda’s publicly listed subsidiaries (Evergrande Property Services in Part 2, Evergrande Auto and Healthcare Segment in Part 3, and the now divested HengTen Networks in Part 4). Subsequently in Part […]

In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. In this article, we walk through Tencent’s financial statistics and business metrics. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Weixin and WeChat are essentially two versions […]

In this series, we explore Yum China Holdings (NYSE: YUMC, HKEX: 9987), the China-based spin-off of American fast food corporation Yum! Brands (NYSE: YUM). From its first KFC store in 1987, Yum China has grown from being a pioneer of Western food in the Chinese market to become the largest restaurant operator in mainland China. […]

一带一路 The Belt and Road initiative, formerly known as the One Belt One Road initiative, is a global infrastructure development strategy aimed at facilitating trade between China and participating countries. The initiative was announced in 2013 and can be viewed as the development of a modern day Silk Road network. ​

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国家市场管理总局 The State Administration for Market Regulation (SAMR) is China’s governmental authority for regulating market competition, anti-trust, intellectual property, and drug safety. The SAMR was established in 2018 to consolidate the functions of the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ), the China Food and Drug Administration (CFDA), and the State Administration of […]

双11/光棍节 A Chinese version of America’s Cyber Monday where online retailers have promotions and sales on November 11th. This date is named “Singles’ Day” because the numeral 1 represents a bare stick, i.e. 光棍 – an internet slang for single men and women who do not add branches to the family tree. Singles’ Day is […]