July 11, 2017

y-amalOver the last few years, the Chinese sharing economy has grown to include everything from bicycles to basketballs. Consumers can temporarily purchase these items at kiosks scattered around urban areas with the idea being that they’ll return the product once they’re done. But as one umbrella-sharing startup recently learned, that’s not always the case.

Sharing E Umbrella launched earlier this year after their founder realized that “everything on the street can now be shared.” The company started up in 11 Continue reading

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In the early days of China’s tech industry, most companies simply took the concepts developed by successful American startups and created Chinese versions of them. For instance, rather than Google, most of the country uses the domestically owned search engine Baidu. But after years of imitation, Chinese apps like the all-encompassing WeChat could change the way that people use the Internet all over the world.

Questions:

 

  1. Why haven’t American tech companies like Facebook and Google been able to succeed Continue reading
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April 25, 2017

chinese-companiesFor years tech giants like Facebook and Google have tried to set up shop in China only to see their efforts blocked by the country’s restrictive government. In place of these global brands, domestic companies like the search engine Baidu and the social network Weibo have flourished among China’s enormous Internet community. And in an ironic twist, this growing tech sector owes much of its success to the structure and culture of Silicon Valley’s biggest names.

Many Chinese companies are Continue reading

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March 2, 2017

Supply chain management is an incredibly complex process involving dozens of companies stretched across thousands of miles. This video takes a look at the shipping firm Flexport and how they simplify “freight forwarding” for businesses transporting goods from China to the U.S.

Questions:

 

  1. How does Flexport improve the process of freight forwarding?
  2. Why is international supply chain management so complicated?

 

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January 24, 2017

QuinnDombrowskiIn the years since the economic crisis of 2008, wealth inequality has been an increasingly alarming problem both for scholars and regular people. Last year, the development charity Oxfam estimated that 62 billionaires owned just as much wealth as the poorest 50 percent of the globe. This month, however, the agency had worse news: a group of just eight men are worth a combined $426 billion, equivalent to the wealth held by 3.6 billion people.

Along with foreign billionaires like Continue reading

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December 6, 2016

Thanks to a rapidly growing middle class, China has transformed into the largest moviegoing market in the world. And while Hollywood is the source for many of the nation’s hit flicks, American filmmakers still face a number of hurdles before they can do business in China. This video looks at the ways Hollywood tries to appeal to Chinese culture in order to break into this tough but rewarding market.

Questions:

 

  1. What are the advantages and disadvantages of China’s revenue Continue reading
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November 17, 2016

DavidSteadmanWhile the holiday shopping season in the U.S. doesn’t officially kick off until next week, Chinese retailers are already counting their profits from the phenomenon known as Singles Day. Founded in the 1990s by a group of college students celebrating their bachelorhood, the November 11 holiday has since morphed into a nationwide shopping spree. This year the online retailer Alibaba brought in nearly $18 billion in sales, far more than what the entire American retail industry earns during Black Friday Continue reading

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October 25, 2016

MicheleM.FIsraeli entrepreneur Yekutiel Sherman had a great idea for a product: a selfie stick that folded seamlessly into the back of a smartphone’s case. He spent a year carefully designing his idea, producing prototypes and securing small investments from family and friends. By December 2015 Sherman launched a Kickstarter campaign in order to finish funding the item, now called Stikbox. But while the project immediately attracted investors, his popular crowdfunding campaign also caught the attention of Chinese bootleg manufacturers. Within Continue reading

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June 14, 2016

The rapid rise of Asian manufacturing has transformed nations like China and India into economic powerhouses as well as environmental nightmares. World health experts estimate that millions of people have died due to excessive air pollution in these two countries. So far government officials have done little to relieve their increasingly stifled citizens, leading many to turn to a variety of consumer products for help. Along with pollution masks and air purifiers, a growing number of people are also purchasing Continue reading

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American movie theaters have endured a rough couple of years as more consumers turn to the comfort of their living rooms as venues for entertainment. That’s far from the case in China, however. The Asian nation has become an increasingly important source of revenue for U.S. movie studios that have seen domestic receipts start to dwindle. In February Chinese theaters earned $1.05 billion at the box office, beating the American tally by nearly $250 million.

Still, China isn’t exactly an Continue reading

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