Africa’s bustling mobile phone market boasts a surprising leader – a Chinese company called Transsion, unknown to most in mainland China itself. Their secret? Deep understanding of the African market and a laser focus on affordability. Transsion’s success story began in 2008 on Nairobi’s Luthuli Avenue, starting small from a second-floor office. Today, their brands...
Denmark may boast a GDP of approximately 430 billion dollars, but within its borders lies a pharmaceutical giant that dwarfs the nation’s economic output. Novo Nordisk, a Danish company specializing in healthcare, carries a market cap exceeding 604 billion dollars, surpassing even luxury powerhouse LVMH. This year alone, Novo Nordisk has soared past Tesla in...
As of March 8, 2024, Zhong Shanshan reigns supreme as China’s wealthiest individual, boasting a staggering net worth of 62.7 billion U.S. dollars. Following closely behind is Zhang Yiming with an estimated 43.4 billion, solidifying his position as the second richest person in the country. Colin Zheng Huang and William Ding round out the top...
China, as evidenced by a recent government work report, has signaled a significant shift towards a more open and integrated economy. This report outlines a series of measures aimed at fostering a level playing field for foreign businesses by ensuring “national treatment” for foreign-funded enterprises, ultimately promoting mutual benefits. To achieve its goal of higher-standard...
China’s mobile phone market witnessed a remarkable surge in January, with shipments skyrocketing 68.1% year-on-year to reach 31.78 million units, according to data from the China Academy of Information and Communications Technology (CAICT). This significant growth suggests a robust market and strong consumer demand. The data revealed a clear shift towards 5G technology, with these...
China Raises Mobile Payment Limits for Foreign Visitors China announced a significant increase in mobile payment limits for foreign visitors on Friday, aiming to address payment challenges and enhance their overall experience in the country. This move comes as China seeks to improve accessibility and convenience for international travelers, recognizing the widespread adoption of mobile...
Apple dealers in China are offering significant discounts on the latest iPhone 15 series in an attempt to reignite sales and counter growing competition from domestic brands like Huawei. This comes after a previous promotion in January that offered a much smaller discount. The top-of-the-line iPhone 15 Pro Max, initially priced at 9,999 yuan (US$1,390),...
The White House announced a significant move on Thursday, initiating an investigation into the potential national security risks posed by Chinese-made vehicles with “connected” car technology. This unprecedented action, as President Biden himself described it, aims to determine if restrictions on such imports are necessary to safeguard sensitive data and infrastructure. Citing concerns that Chinese-assembled...
In a bid to regain lost ground in China, the world’s largest electric vehicle (EV) market, the Volkswagen Group has joined forces with Chinese EV manufacturer Xpeng. This collaboration aims to co-develop two mid-sized, battery-powered vehicles for the mainland market, with an anticipated launch in 2026. The announcement, made on Thursday, revealed that these new...