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Global car groups are experimenting with flash sales, endorsements by celebrity fashion bloggers and car vending machines in China, to maximise online sales in this growing market.
China’s online automobile transactions in 2016 hit 1m units, worth Rmb100.7bn ($15bn), according to Frost & Sullivan, a consultancy. To put that in perspective, vendors almost sold more cars online in China last year than they sold in Spain all together.
China has taken the lead worldwide in digital technologies, which are set to transform and create 10 to 45 percent of industry revenues by 2030, according to the latest report released by the think tank McKinsey Global Institute (MGI).
Most retailers understand that commerce will continue to evolve, combining both brick-and-mortar and online elements. The goal is an integrated process that gives consumers a seamless experience and allows companies to capture the maximum operational benefits across both physical and digital operations. So far, no retailer has achieved full integration, but most are somewhere along the path. Many retailers with brick-and-mortar locations have built online businesses, and online retailers are increasingly opening physical outlets to strengthen their brands and engage with customers face-to-face.
China’s central bank is conducting research to issue the country’s own sovereign digital currency, a move in parallel with similar efforts ongoing in Russia, even as the government has doubled down on banning the use and exchange of bitcoin and other cryptocurrencies.
Japan reports its economy expanded at a 1.4 percent annualized rate in July-September, slowing from the previous quarter.
The preliminary data mark the seventh straight quarter of growth for the world’s third-largest economy, the longest period of expansion since 2001. But growth slowed from a 2.6 percent annualized rate of growth in April-June.
China will step up financial support for major projects of its "Made in China 2025" strategy, a blueprint for upgrading the country's manufacturing sector.
Sectors that boost manufacturing innovation, including the Internet of Things, smart appliances and high-end consumer electronics, are the major priority for funding, according to the Ministry of Industry and Information Technology (MIIT)
TransferWise Ltd., one of Europe’s largest financial technology startups, has raised an additional $280 million to fund its continued expansion, including a big push into Asian markets.
A new trend is emerging among China's consumers., in a recent report produced by Mckinsey. While the affluent are still shopping and traveling as ever before, those in the middle are either holding onto their money until the annual bargains -- such as Singles Day on Nov. 11 -- or spending it in different ways.
China’s sizable middle class is on fire. A McKinsey & Company report projected that they would account for 76% of the country’s urban population by 2022. With thickening wallets and an urgent need to diversify investment options, more Chinese investors are turning their sights overseas, especially the US stock market.
The Communist Party of China is holding its 19th National Congress in Beijing. China Daily asked business leaders from major multinational companies for their views on economic developments here and the country's global leadership role.
Listening to Chinese president Xi Jinping highlight the internet, big data and artificial intelligence in his keynote speech to the ruling Communist Party’s once-every-five-year conclave, instilled confidence in tech entrepreneurs like Rona Jiang.
The Singapore Government has taken a significant initiative to advance the industrial IoT, otherwise known as Industry 4.0, announcing an alliance with 13 companies to develop IoT solutions for industry.
The joint lab is a five-year collaboration programme between the Agency for Science, Technology and Research, Rolls-Royce and Singapore Aero Engine Services Private Limited.
Much has been said about the impact of artificial intelligence (AI) on the global workforce, with some arguing that we should all be far more concerned about “job displacement” than killer robots.
Over the first half of this year, the number ofChinese Technology, Media and Telecommunications (TMT) IPOs maintained the boom that began in the second half of 2016, according to PwC China. There were 59 IPOs, which raised a total of 25.8 billion yuan, down 22% from the previous six months.
PwC’s latest China Banking Newsletter revealed continued narrowing of Net Interest Margin is leaving marks at most banks in China with smaller lenders feeling the worst effect. That’s the bad news. The good news is loan quality is stabilizing.
With the world’s largest number of internet users, internet penetration is only at 52 per cent, indicating room for growth
China’s internet boom is likely to gather pace on the back of the mainland’s widespread mobile connectivity, the ability of China’s biggest internet players to innovate quickly and its massive number of internet users, according to the Boston Consulting Group.
Investment banking and strategy consulting are like avocados and quinoa: both attract the elite (or, in the words of one ex-McKinsey director, “insecure, deeply left-brain, hyper-intellectual, OCD over-achievers.”). Both pay well. Both involve some serious commitments of your time and some heavy academic achievements
On the occasion of its first centenary in China, Deloitte is pleased to announce a strategic investment program of US$200 million into talent development and capability upgrade. This program will be dedicated to enhancing its advisory services, advancing digital and technology transformation for the firm and Chinese enterprises, supporting the Belt & Road Initiative, as well as assisting Chinese enterprises in going global. This is a joint initiative of Deloitte Global and Deloitte China.
This given report on the global Application Management Services market is a result of a research conducted by a group of market research analysis experts with an aim to act as a reliable business material for stakeholders.
