In this article, we introduce Morimatsu International Holdings (森松国际控股)(HKEX: 2155) (henceforth “Morimatsu International”), a company primarily engaged in the design, manufacture, installation, operation, and maintenance of various industrial pressure equipment used for chemical reactions, biological reactions, and polymerization. Morimatsu International’s controlling shareholder is Morimatsu Industry (Japanese: 森松工業株式会社), a diversified multinational company originally founded in Japan […]

In this second instalment of our Pinduoduo series, we examine Pinduoduo’s overall business performance and financials, describe some of the company’s well-known (and occasionally criticised) marketing strategies, and evaluate whether or not Pinduoduo’s costly sales and marketing investments will pay off in the long run. We recommend reading our first article (here) before continuing to […]

A Chinese asset manager majority owned by Ant Group. Tianhong AM launched Yu’ebao jointly with Alipay (which later became Ant) in 2013, and was the first Chinese fund manager to have an AUM greater than RMB1 trillion. Tianhong AM is the largest fund manager in China.

It is the dawn of the Asian century. Asia is home to half of the world’s population and accounts for more than half of the world’s GDP in PPP terms. 21 of the 30 largest cities in the world are in Asia, while nearly half of the world’s 500 most profitable companies are Asian. The […]

WeBank is a private, digital Chinese bank founded in 2014 with internet giant Tencent as a co-founder and single largest shareholder. WeBank focuses on granting small loans to individual borrowers and is the first digital bank in China.

A program for qualified foreign institutional investors and individual investors to invest in the stocks listed on the Shanghai Stock Exchange via a trading infrastructure set up in Hong Kong. Mainland Chinese investors can also purchase Hong Kong stocks on this platform.

WeChat, founded by Tencent Holdings, is China’s most popular messaging application with over one billion monthly active users. It also functions as a super-application with social media, mobile payment (i.e. WeChat Pay), and other functionalities. Strictly speaking, “Weixin” refers to the domestic mainland China version of the application while “WeChat” refers to the version used […]

Meituan is the dominant food delivery platform in China which also offers additional functionalities including hotel booking, on-demand delivery services, and discount coupon purchases (similar to Groupon).

The biggest retail event of the year, i.e. Singles’ Day, took place again this year on November 11th. In this article, we present the statistics for 2020’s Singles’ Day for two of China’s three main e-commerce platforms: T-Mall and JD. China’s third major e-commerce platform, Pinduoduo, hosts Singles’ Day sales primarily for higher premium, branded […]

The politburo is the central decision making body for the Chinese Communist Party (CCP) and is headed by the General Secretary of the CCP (who is usually also the president of China). The politburo constitutes a group of 25 officials, including 7-8 of whom form the Standing Committee and are viewed to hold the highest […]

Baidu is a Chinese tech conglomerate famous for its search engine of the same name, hence the company’s reputation as being a Chinese version of Google. Baidu’s other subsidiaries include Apollo, China’s first self-driving car, Du Xiaoman Financial, Baidu’s fintech arm which was spun-off in 2018, as well as a cloud computing business. Baidu is […]

The People’s Insurance Company of China (PICC Group) is a state-owned Chinese insurer that is also China’s third largest and the world’s ninth largest insurance company based on net premiums written in 2020.

Dongfeng Motor is a Chinese state-owned auto company and is one of the largest automakers in China. The company’s portfolio includes brands from joint ventures with other auto companies (e.g. Honda, Nissan, and formerly, Peugeot Citroën), as well as in-house developed brands.

In this factsheet, we describe China’s city tier classification system and present the corresponding average disposable income levels for a comprehensive range of Chinese cities. A breakdown of the average urban versus rural income level is also provided for each city where available. ​ We base our city classifications on Yicai (Chinese name: 第一财经), a […]