The partnership heats up payments competition between Tencent and e-commerce giant Alibaba in the Japanese market Chinese internet giant Tencent Holdings and Japanese messaging app operator Line are joining hands to provide payment services in Japan, the two companies announced on Tuesday.Through the tie-up Japanese merchants...
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Alibaba and JD.com remain prominent, but several other platforms are making big inroads into the world’s biggest ecommerce market. Drapers investigates China’s emerging online leaders. For fashion retailers planning to enter China, two names immediately spring to mind: etail giants JD.com and Alibaba’s Tmall. But there...
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Just as small startups are disrupting traditional companies, individual online celebrities are changing the advertising market. It’s not dominated by a big entertainment company who owns thousands of top stars, but an individual with a strong talent can also convince consumers to open their wallets. Over...
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Some key opinion leaders do have loyal followings, but with so many now on the scene, luxury brands might consider more creative ways to work with those who inspire. KOLs (key opinion leaders) have become a big part of any brand’s checklist when operating in China....
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HANGZHOU, China — In a grey high-rise office building, housed within an unglamorous industrial zone a stone’s throw from a gritty garment district in the city of Hangzhou, is the headquarters of Ruhan, one of China’s most influential companies you’ve never heard of.1 Feng Min is Ruhan’s...
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In less than a decade, Chinese consumers have moved from contributing three percent to global personal luxury goods consumption to becoming the largest luxury consumers in the world, accounting for more than 30 percent of global luxury sales. This rapid rise has hardly gone unnoticed by the...
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