China’s mountainous Guangxi Zhuang Autonomous Region has little of the wealth and fast development of the places in China foreigners have already heard of, but on one key measure of economic development, Guangxi is winning — the growth rate of spending online.
Online shopping throughout China is expanding fast – far faster than the US and Europe – but it’s growing particularly fast in China’s poorer regions like Guangxi, where malls are sparser and the number of people getting online for the first time is greater. Read more
Shares in Hong Kong-traded Chinese electronics giant Haier are soaring, thanks to Alibaba.
FastFT reports that Haier said earlier Monday it had teamed up with Alibaba to develop its logistics business. Read more
A customer celebrates buying two new iPhone 5s at the Wangfujing flagship store in Beijing
When Xiaomi, a popular Chinese smartphone maker, overtook Apple’s market share in China the second quarter, the shift prompted a double take by consumers and investors who had never heard of the small but growing brand.
The ascent was short-lived. Apple’s two new iPhones have proved popular in China, enabling the US company to shoulder past Xiaomi in the market share rankings for the three months ended in September.
But Apple and everyone else are still miles behind the clear market leader — Samsung, which now has a fifth of China’s smartphone market, up from 14 per cent in the third quarter of last year. Read more
According to media reports this week, HTC is developing an operating system for Chinese mobile phone users. The company has now issued a statement – but it makes for a pretty unconvincing denial.
HTC says it is in conversations with the Chinese government and telephone operators. But the troubled Taiwanese company did so, i) without denying the OS exists, and ii) in a way that suggests it isn’t in charge of its own destiny. Read more