The once-a-year Singles Day in China is becoming a big event for both online shoppers and retailers, with some of the bigger sites such as those run by Alibaba offering 50 per cent off and seeing growth in sales explode.
The alternative to Valentine’s Day, which was started among Chinese college students and held on November 11 (as a numerical pun of four single digits) has now become mainstream – and very big. It is also causing something of a challenge for couriers and delivery companies in the mad rush. Continue reading »
Since Bo Xilai, the ambitious but controversial Chinese politician, was sacked as Communist party secretary of Chongqing in mid-March, the party has cranked up its propaganda machine to levels not seen in years. One aim is to control the flow of unauthorised information through the Twitter-like microblogs, or weibo, which have become the driver behind China’s news agenda. Will it work? Continue reading »
Managers at Tencent Holdings may have been particularly grateful for the Dragon Boat festivities in Hong Kong on Wednesday. What better way to bring an end to a vicious drubbing of the shares than to close the Hong Kong stock exchange for a national holiday? Continue reading »