The Trans-Pacific Partnership (TPP) would have been President Obama’s crowning achievement linked to America’s ‘pivot’ toward Asia. The TPP itself is a trade pact between 12 countries in the Asia-Pacific region. The aim is to cut any remaining tariffs, reduce non-tariff barriers and harmonize regulations in order to increase trade and lower costs among members …
WeChat is little known beyond China’s borders yet, with over 700 million users, has come to dominate much of daily life and commerce in Asia’s largest economy. It is ubiquitous, rivaled only by the likes of Facebook, Google, and Alibaba (another national champion). What’s the key to WeChat’s success in China? Tencent—the firm that developed …
Amazon, the leading e-commerce company in the US with over US$107 billion net sales in 2015, initially started out as an online bookstore, has become the go-to destination for online shopping. History of Amazon China However, like many other large Western companies, Amazon has yet to crack the Chinese market. Major competitors include the Alibaba …
China’s e-commerce market is the largest in the world, driven by rapidly increasing incomes and internet access. There are over 632 million internet users in China, 47 percent of the online shoppers. According to Statista, there were US$376.18 Billion in e-commerce sales in 2016; this is projected to increase to US$ 470.06 Billion in 2017. …
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