This document discusses trends in China's consumer market and opportunities for American companies. It outlines three phases of consumer growth in China from 1994 to the present: 1) The emergence of early consumers from 1994-2000 with 100 million people having disposable income. 2) Rapid consumer boom from 2000-2012 where 300-400 million had income. 3) The current "Age of the Super Consumer" from 2012 onward with 800 million Chinese having varying levels of income. It emphasizes that e-commerce ubiquity, effects of globalization 2.0, and the global Chinese consumer demographic are key realities American companies must embrace to succeed in China and globally.
- Richard Cant testified before the US-China Economic and Security Review Commission on US access to China's consumer markets, with a focus on e-commerce and logistics.
- China's e-commerce market has grown rapidly in recent years and is now the largest in the world, dominated by online marketplaces like Taobao, Tmall, and JD.com. Mobile commerce also plays a large role in China.
- However, it can be difficult for foreign companies, especially smaller ones, to access these large Chinese marketplaces due to high barriers to entry including requirements to have a physical presence and retail store in China. Dedicated international marketplaces like Tmall Global and JD Worldwide also have strict requirements.
Access to China's Consumer Markets for Financial ServicesDr Dev Kambhampati
This document summarizes testimony given by Michael Hirson on opportunities for US financial firms in China's consumer market. It provides context on China's ongoing financial sector reforms aimed at developing markets and increasing availability of consumer finance. It highlights two major opportunities: helping fund China's growing retirement needs as its population ages rapidly, and facilitating Chinese households' increasing desire to diversify wealth overseas, roles US firms are well-positioned to fill. However, foreign firms face challenges from China's ownership restrictions and uneven regulatory environment that limit their access and market share.
US Access to China's Consumer Markets- Logistics & ECommerce ModelsDr Dev Kambhampati
This document summarizes Cathy Morrow Roberson's testimony on China's logistics and e-commerce markets before the US-China Economic and Security Review Commission. It discusses how China has transformed from an export-dependent economy to a more balanced one, focusing on infrastructure developments, the growth of e-commerce giants like Alibaba and JD.com, and recommendations for US companies. Key points covered include China's investments in ports, airports, roads, and rail; the One Belt, One Road initiative; components of China's supply chain; and trends in warehousing to support domestic consumption and e-commerce.
US Access to China's Consumer Markets- Digital FinanceDr Dev Kambhampati
Mr. Wang, a craftsman in Shanghai, has embraced digital finance by selling his wire bicycle models online through Taobao and Tmall in addition to his sidewalk stand. This has dramatically increased his sales from 10 per day to 30-40 per day. When the author wants to buy a model from Mr. Wang, he pays using Alipay or WeChat Pay by scanning a QR code, showing how digital payments have become widespread in China. China has experienced a large shift from cash to digital payments, driven by the growth of digital payment platforms like Alipay and WeChat Pay as well as increased smartphone and internet usage.
US Access to China's Consumer Markets- Ecommerce, Logistics & Financial ServicesDr Dev Kambhampati
Christine Bliss of the Coalition of Services Industries testified before the U.S.-China Economic and Security Review Commission about significant barriers that remain for U.S. financial services companies seeking to access China's consumer market. While U.S. services exports to China have grown in recent years, China maintains restrictions such as equity caps and data localization requirements that limit U.S. competitiveness. Bilateral engagement through forums like the Comprehensive Economic Dialogue provide an opportunity to address these issues, but China must make tangible commitments to reduce market access barriers for U.S. financial services.
Transition in Asia – How to grasp opportunities & meet new challenges in a tr...Zubin Poonawalla
1. The economies of Asia are in a state of transition as technology, consumer behavior, manufacturing, and security have all affected daily operations. This transition presents both challenges and opportunities that must be considered.
2. Demand in Asia has remained constant despite the global economic slowdown. The recovery of the Indian economy is on track and signs point to continued growth in 2016. E-commerce is growing rapidly, especially in China and India, driven by increased internet connectivity and use of mobile devices.
3. Over the next decade, 500 million new middle-class households will emerge in Asia, further driving consumer demand. This will contribute to the tight labor market and income growth in the region. Technology is changing both consumer
Charles Thompson, General Manager of International at Australia Post and StarTrack, presented on connecting Australia, Asia, and the world through cross-border ecommerce. Key points included:
- Asia, particularly China and Southeast Asia, is forecasted to be a major driver of global ecommerce growth due to a growing middle class and increasing internet penetration.
- Australia Post and StarTrack offer end-to-end ecommerce solutions to help Australian businesses succeed in Asian markets through partnerships, warehouses, payment solutions, and marketplaces.
- Their joint venture with China Post provides unrivaled access and capabilities to link Australian and Chinese businesses and consumers.
Remittance business analysis from US to ChinaKunal Maniyar
Finablr is creating a market entry strategy for its consumer remittance business from the US to China. The global remittance market is growing at 10.4% annually and the US-China corridor represents a $20 billion opportunity. Finablr will face competition from established players like Western Union and newer digital entrants. The strategy recommendations include adopting a digital business model, highlighting transparent rates and ease-of-use in marketing, generating revenue from fees and value-added services, innovating through analytics, and forming ecosystem partnerships with Chinese technology firms. Success will depend on investment levels, technology quality, brand building, and gaining customer trust.
- Richard Cant testified before the US-China Economic and Security Review Commission on US access to China's consumer markets, with a focus on e-commerce and logistics.
- China's e-commerce market has grown rapidly in recent years and is now the largest in the world, dominated by online marketplaces like Taobao, Tmall, and JD.com. Mobile commerce also plays a large role in China.
- However, it can be difficult for foreign companies, especially smaller ones, to access these large Chinese marketplaces due to high barriers to entry including requirements to have a physical presence and retail store in China. Dedicated international marketplaces like Tmall Global and JD Worldwide also have strict requirements.
Access to China's Consumer Markets for Financial ServicesDr Dev Kambhampati
This document summarizes testimony given by Michael Hirson on opportunities for US financial firms in China's consumer market. It provides context on China's ongoing financial sector reforms aimed at developing markets and increasing availability of consumer finance. It highlights two major opportunities: helping fund China's growing retirement needs as its population ages rapidly, and facilitating Chinese households' increasing desire to diversify wealth overseas, roles US firms are well-positioned to fill. However, foreign firms face challenges from China's ownership restrictions and uneven regulatory environment that limit their access and market share.
US Access to China's Consumer Markets- Logistics & ECommerce ModelsDr Dev Kambhampati
This document summarizes Cathy Morrow Roberson's testimony on China's logistics and e-commerce markets before the US-China Economic and Security Review Commission. It discusses how China has transformed from an export-dependent economy to a more balanced one, focusing on infrastructure developments, the growth of e-commerce giants like Alibaba and JD.com, and recommendations for US companies. Key points covered include China's investments in ports, airports, roads, and rail; the One Belt, One Road initiative; components of China's supply chain; and trends in warehousing to support domestic consumption and e-commerce.
US Access to China's Consumer Markets- Digital FinanceDr Dev Kambhampati
Mr. Wang, a craftsman in Shanghai, has embraced digital finance by selling his wire bicycle models online through Taobao and Tmall in addition to his sidewalk stand. This has dramatically increased his sales from 10 per day to 30-40 per day. When the author wants to buy a model from Mr. Wang, he pays using Alipay or WeChat Pay by scanning a QR code, showing how digital payments have become widespread in China. China has experienced a large shift from cash to digital payments, driven by the growth of digital payment platforms like Alipay and WeChat Pay as well as increased smartphone and internet usage.
US Access to China's Consumer Markets- Ecommerce, Logistics & Financial ServicesDr Dev Kambhampati
Christine Bliss of the Coalition of Services Industries testified before the U.S.-China Economic and Security Review Commission about significant barriers that remain for U.S. financial services companies seeking to access China's consumer market. While U.S. services exports to China have grown in recent years, China maintains restrictions such as equity caps and data localization requirements that limit U.S. competitiveness. Bilateral engagement through forums like the Comprehensive Economic Dialogue provide an opportunity to address these issues, but China must make tangible commitments to reduce market access barriers for U.S. financial services.
Transition in Asia – How to grasp opportunities & meet new challenges in a tr...Zubin Poonawalla
1. The economies of Asia are in a state of transition as technology, consumer behavior, manufacturing, and security have all affected daily operations. This transition presents both challenges and opportunities that must be considered.
2. Demand in Asia has remained constant despite the global economic slowdown. The recovery of the Indian economy is on track and signs point to continued growth in 2016. E-commerce is growing rapidly, especially in China and India, driven by increased internet connectivity and use of mobile devices.
3. Over the next decade, 500 million new middle-class households will emerge in Asia, further driving consumer demand. This will contribute to the tight labor market and income growth in the region. Technology is changing both consumer
Charles Thompson, General Manager of International at Australia Post and StarTrack, presented on connecting Australia, Asia, and the world through cross-border ecommerce. Key points included:
- Asia, particularly China and Southeast Asia, is forecasted to be a major driver of global ecommerce growth due to a growing middle class and increasing internet penetration.
- Australia Post and StarTrack offer end-to-end ecommerce solutions to help Australian businesses succeed in Asian markets through partnerships, warehouses, payment solutions, and marketplaces.
- Their joint venture with China Post provides unrivaled access and capabilities to link Australian and Chinese businesses and consumers.
Remittance business analysis from US to ChinaKunal Maniyar
Finablr is creating a market entry strategy for its consumer remittance business from the US to China. The global remittance market is growing at 10.4% annually and the US-China corridor represents a $20 billion opportunity. Finablr will face competition from established players like Western Union and newer digital entrants. The strategy recommendations include adopting a digital business model, highlighting transparent rates and ease-of-use in marketing, generating revenue from fees and value-added services, innovating through analytics, and forming ecosystem partnerships with Chinese technology firms. Success will depend on investment levels, technology quality, brand building, and gaining customer trust.
Fong Lau: Fast-tracking into China with cross border e-commerce @AustCham Acc...Fong Lau
Fast-tracking into China with cross border e-commerce
1. Types of cross-border e-commerce
2. Size of the market
3. Reaching the consumers
4. Challenges
5. Key takeaways
Report: Card, Mobile and Internet Payments: Future Trends and Scenarios (Apri...Robert Roessler
This paper sets out some of the major trends impacting the payments industry, as well as some ideas about how important stakeholders can help shape this fast moving public policy environment.
Insights into doing business in China from the Financial Times now of particular interest as Australia draws near to negotiating an FTA with its largest trading partner.
Southeast Asia Technology Investment LandscapeWarren Leow
This document discusses perspectives on Southeast Asia's growing marketplaces. It notes that the region has over 650 million people across 10 countries, with a young, growing population and increasing GDP. While challenges include a lack of large regional companies and fragmented markets, opportunities exist in areas like e-commerce, on-demand services, fintech and payments. Examples are given of startup categories and large emerging companies, particularly in Indonesia and those with multi-usage regional platforms. Exits over $500 million are expected to accelerate in the next 3-5 years. The document advocates exploiting arbitrage between Southeast Asia and other regions to quickly scale and globalize top ideas.
Product Brochure with summarized information of our publication " Kazakhstan B2C E-Commerce Market 2019".
Find more here: https://www.ystats.com/market-reports/kazakhstan-b2c-e-commerce-market-2019/
The document discusses the rapidly growing consumer market in Bangladesh. It finds that 7% of Bangladesh's population is currently middle income, and this segment is expected to reach 17% by 2025. It also notes that Bangladeshi consumers are optimistic about future income growth but wary of taking on debt. The document recommends that companies looking to engage this emerging consumer segment focus on quality, establish their brands well, educate consumers, and develop mobile-centric digital platforms.
The last full Budget of NDA government's current tenure and the opener in the GST regime was an anticipated one. Now that the Budget is out, it is appropriate to declare that the government, in a bid to amuse one and all, did make an attempt to address all major aspects of the economy – from agriculture to rural development, employment to health, MSMEs to infrastructure. But the attempt was not appreciated by India's manufacturing and exports communities at large. So while the government believes its announcements will give catalyse our exports, exporters continue to doubt the efficacy of Modi-camp's Budget treatment.
ArbnorXhemajli the role of online marketing in small and medium enterpresis i...Arbnor Xhemajli
This thesis examines the role of online marketing in small and medium enterprises (SMEs) in Kosovo. It finds that while internet usage is growing, SMEs in Kosovo are not fully utilizing online marketing and digital tools. SMEs primarily rely on traditional marketing methods like advertising on local TV. The thesis analyzes how online marketing can help SMEs build their brands and access valuable customer information and feedback to improve decision making. It recommends that SMEs develop online marketing strategies and information systems to better promote their products, connect with customers, and increase profits.
Market Research Report on An Exploratory and Descriptive Study of Online, Off...Surbhi Jindal
This document provides a case study analysis of Starbucks, a successful global coffee retailer. It discusses Starbucks' history and timeline from 1971 to 2009, including key acquisitions and expansions. It analyzes Starbucks' industry, core competencies, strategies, and SWOT. It finds that Starbucks' differentiation through premium products and customer experience has driven loyalty. It recommends Starbucks continue expanding internationally, especially in emerging markets, by tailoring its approach to local markets.
This is the pest analysis of the company called china mobile limited. it explains all factors - political,social,economic and technological factors affecting china mobile limited as a company.
The internet has allowed people from all over the world to develop and create...Faryal Tebani
The document discusses how the internet has impacted globalization and international business. It notes that the internet has made it possible for small businesses to operate globally at a low cost, as they no longer need a physical storefront. It also discusses how the internet facilitates communication and collaboration between businesses located around the world. While the internet has led some jobs to move overseas, it has also created new opportunities for international trade and the exchange of services across borders. Overall, the internet has significantly increased global economic integration by connecting individuals and businesses worldwide.
TIO Networks Corp. is a bill payment processing company that services over 10,000 billers and has over 70,000 bill payment locations across North America. Through a series of acquisitions, TIO has become the largest walk-in bill payment processor in North America, processing over 80 million transactions annually. TIO focuses on serving the financially underserved market, which accounts for $138 billion in fees and makes up about 1 in 4 US households. While TIO has significant market share, there remains substantial room for growth as its market penetration is only about 2.4-3.9% of the total bill payment market.
Deloitte Turkey Corporate Finance advised clients on several M&A transactions in the Turkish retail sector in 2011-2012, including advisory services for acquisitions and due diligence. The Turkish retail market is growing steadily due to increasing per capita consumption. Organized retail is estimated to be 40% of the total retail market and growing at a faster rate. M&A activity in the Turkish retail sector saw 11 deals in 2011 worth an estimated $640 million, though activity fluctuated compared to the global market.
Empact of e commerce business in rural area of bandladeshEnamul Islam
- The document discusses barriers to e-commerce in rural areas of Bangladesh. It analyzes a survey of 100 respondents in Dumki, Bangladesh regarding their perceptions of e-commerce barriers.
- The major barriers identified include economic barriers like lack of investment and infrastructure, social and political barriers like lack of trust and preference for in-person relationships, and cognitive barriers like lack of awareness and skills regarding technology.
- Statistical analysis of the survey data found the most important perceived barrier was high costs of internet access, while lack of awareness and skills was also a significant issue.
This report analyzes the impact of global value chains (GVCs) on economic development. It draws on new research using data on the value added in international trade from 1995-2014. The report aims to reveal how international trade has changed and can now only be understood by analyzing it in terms of value added and value chains. It examines topics such as how participation in GVCs helps countries escape the middle-income trap, how trade in services complements trade in goods in GVCs, and how variations in institutional quality affect the structure of GVCs.
Globalization refers to the increasing integration and interdependence of national economies through international trade and investment. It has led to increased competition in e-commerce. Globalization has positively impacted e-commerce through the rise of new technologies, greater investment opportunities, and an expanded talent pool. However, it has also increased cybersecurity threats and challenges for local businesses. Overall, globalization has accelerated the growth of e-commerce worldwide.
Technological changes have forced newspapers like The Guardian and The Daily Mail to converge online. This has affected their production, distribution, and circulation of news.
Both newspapers have had to shift production towards multimedia content like videos. They also face more competition in quickly breaking news on social media. Distribution is now both physical and digital, while circulation has declined greatly in print but increased online through free content.
However, their ownership structures and political values still influence content. The Guardian is owned by the nonprofit Scott Trust and holds liberal values. The Daily Mail is owned by the for-profit Daily Mail and General Trust and takes a conservative stance. This shapes how they cover the same stories and target different audiences.
Australia Passport 2015: Cross-border Trading ReportwnDirect
Australia shares close historical and cultural ties with the UK, so the market offers fantastic opportunities to British online retailers.
In IMRG's “Australia Passport 2015: Cross-Border Trading Report”, you can find out how to successfully enter this thriving market.
The document discusses the steps for an apparel retail company to access the US market. It begins with background on trade agreements lowering barriers and increasing US consumer demand for imported apparel. It then discusses 4 steps:
1) Analyzing the large and growing US GDP indicating purchasing power.
2) Noting US investment in infrastructure like roads important for transporting goods from Mexico.
3) The large and competitive US apparel industry worth $342B by 2016, with strategies like niche marketing important.
4) Understanding the stable political environment and diverse cultural influences in the US which allow foreign investment.
Potential benefits of the US market include its large population offering a ready market, growing e-commerce
The Innovation Generation in a Changing China: China's MillennialsSIS International
Michael Stanat, author of "China's Generation Y," looks at some of the forces of change that are buffeting China and how researchers can respond to them.
Published in Quirks Market Research magazine in April 2015.
By Michael Stanat, SIS International Research, http://www.sisinternational.com
Strategies to Help CPG Companies Win in Chinaaccenture
Accenture’s latest study reveals consumer insights and strategies that can help accelerate growth for CPG companies and Retailers in China.
The profit rates of CPG companies have been declining in China recently, but by understanding the changing Chinese consumer, and adjusting their strategies to best serve consumer needs, CPG companies can drive growth in the country.
For more information view us on http://www.accenture.com/ConsumerGoods
Fashion Trends and Brand Opportunities in ChinaTechnomic Asia
Presentation given by Michael Zakkour @michaelzakkour at Fashion Institute of Technology on Oct 3 - China Fashion, Beauty and Status A Year on the Frontlines of China's Apparel and Luxury Market.
Fong Lau: Fast-tracking into China with cross border e-commerce @AustCham Acc...Fong Lau
Fast-tracking into China with cross border e-commerce
1. Types of cross-border e-commerce
2. Size of the market
3. Reaching the consumers
4. Challenges
5. Key takeaways
Report: Card, Mobile and Internet Payments: Future Trends and Scenarios (Apri...Robert Roessler
This paper sets out some of the major trends impacting the payments industry, as well as some ideas about how important stakeholders can help shape this fast moving public policy environment.
Insights into doing business in China from the Financial Times now of particular interest as Australia draws near to negotiating an FTA with its largest trading partner.
Southeast Asia Technology Investment LandscapeWarren Leow
This document discusses perspectives on Southeast Asia's growing marketplaces. It notes that the region has over 650 million people across 10 countries, with a young, growing population and increasing GDP. While challenges include a lack of large regional companies and fragmented markets, opportunities exist in areas like e-commerce, on-demand services, fintech and payments. Examples are given of startup categories and large emerging companies, particularly in Indonesia and those with multi-usage regional platforms. Exits over $500 million are expected to accelerate in the next 3-5 years. The document advocates exploiting arbitrage between Southeast Asia and other regions to quickly scale and globalize top ideas.
Product Brochure with summarized information of our publication " Kazakhstan B2C E-Commerce Market 2019".
Find more here: https://www.ystats.com/market-reports/kazakhstan-b2c-e-commerce-market-2019/
The document discusses the rapidly growing consumer market in Bangladesh. It finds that 7% of Bangladesh's population is currently middle income, and this segment is expected to reach 17% by 2025. It also notes that Bangladeshi consumers are optimistic about future income growth but wary of taking on debt. The document recommends that companies looking to engage this emerging consumer segment focus on quality, establish their brands well, educate consumers, and develop mobile-centric digital platforms.
The last full Budget of NDA government's current tenure and the opener in the GST regime was an anticipated one. Now that the Budget is out, it is appropriate to declare that the government, in a bid to amuse one and all, did make an attempt to address all major aspects of the economy – from agriculture to rural development, employment to health, MSMEs to infrastructure. But the attempt was not appreciated by India's manufacturing and exports communities at large. So while the government believes its announcements will give catalyse our exports, exporters continue to doubt the efficacy of Modi-camp's Budget treatment.
ArbnorXhemajli the role of online marketing in small and medium enterpresis i...Arbnor Xhemajli
This thesis examines the role of online marketing in small and medium enterprises (SMEs) in Kosovo. It finds that while internet usage is growing, SMEs in Kosovo are not fully utilizing online marketing and digital tools. SMEs primarily rely on traditional marketing methods like advertising on local TV. The thesis analyzes how online marketing can help SMEs build their brands and access valuable customer information and feedback to improve decision making. It recommends that SMEs develop online marketing strategies and information systems to better promote their products, connect with customers, and increase profits.
Market Research Report on An Exploratory and Descriptive Study of Online, Off...Surbhi Jindal
This document provides a case study analysis of Starbucks, a successful global coffee retailer. It discusses Starbucks' history and timeline from 1971 to 2009, including key acquisitions and expansions. It analyzes Starbucks' industry, core competencies, strategies, and SWOT. It finds that Starbucks' differentiation through premium products and customer experience has driven loyalty. It recommends Starbucks continue expanding internationally, especially in emerging markets, by tailoring its approach to local markets.
This is the pest analysis of the company called china mobile limited. it explains all factors - political,social,economic and technological factors affecting china mobile limited as a company.
The internet has allowed people from all over the world to develop and create...Faryal Tebani
The document discusses how the internet has impacted globalization and international business. It notes that the internet has made it possible for small businesses to operate globally at a low cost, as they no longer need a physical storefront. It also discusses how the internet facilitates communication and collaboration between businesses located around the world. While the internet has led some jobs to move overseas, it has also created new opportunities for international trade and the exchange of services across borders. Overall, the internet has significantly increased global economic integration by connecting individuals and businesses worldwide.
TIO Networks Corp. is a bill payment processing company that services over 10,000 billers and has over 70,000 bill payment locations across North America. Through a series of acquisitions, TIO has become the largest walk-in bill payment processor in North America, processing over 80 million transactions annually. TIO focuses on serving the financially underserved market, which accounts for $138 billion in fees and makes up about 1 in 4 US households. While TIO has significant market share, there remains substantial room for growth as its market penetration is only about 2.4-3.9% of the total bill payment market.
Deloitte Turkey Corporate Finance advised clients on several M&A transactions in the Turkish retail sector in 2011-2012, including advisory services for acquisitions and due diligence. The Turkish retail market is growing steadily due to increasing per capita consumption. Organized retail is estimated to be 40% of the total retail market and growing at a faster rate. M&A activity in the Turkish retail sector saw 11 deals in 2011 worth an estimated $640 million, though activity fluctuated compared to the global market.
Empact of e commerce business in rural area of bandladeshEnamul Islam
- The document discusses barriers to e-commerce in rural areas of Bangladesh. It analyzes a survey of 100 respondents in Dumki, Bangladesh regarding their perceptions of e-commerce barriers.
- The major barriers identified include economic barriers like lack of investment and infrastructure, social and political barriers like lack of trust and preference for in-person relationships, and cognitive barriers like lack of awareness and skills regarding technology.
- Statistical analysis of the survey data found the most important perceived barrier was high costs of internet access, while lack of awareness and skills was also a significant issue.
This report analyzes the impact of global value chains (GVCs) on economic development. It draws on new research using data on the value added in international trade from 1995-2014. The report aims to reveal how international trade has changed and can now only be understood by analyzing it in terms of value added and value chains. It examines topics such as how participation in GVCs helps countries escape the middle-income trap, how trade in services complements trade in goods in GVCs, and how variations in institutional quality affect the structure of GVCs.
Globalization refers to the increasing integration and interdependence of national economies through international trade and investment. It has led to increased competition in e-commerce. Globalization has positively impacted e-commerce through the rise of new technologies, greater investment opportunities, and an expanded talent pool. However, it has also increased cybersecurity threats and challenges for local businesses. Overall, globalization has accelerated the growth of e-commerce worldwide.
Technological changes have forced newspapers like The Guardian and The Daily Mail to converge online. This has affected their production, distribution, and circulation of news.
Both newspapers have had to shift production towards multimedia content like videos. They also face more competition in quickly breaking news on social media. Distribution is now both physical and digital, while circulation has declined greatly in print but increased online through free content.
However, their ownership structures and political values still influence content. The Guardian is owned by the nonprofit Scott Trust and holds liberal values. The Daily Mail is owned by the for-profit Daily Mail and General Trust and takes a conservative stance. This shapes how they cover the same stories and target different audiences.
Australia Passport 2015: Cross-border Trading ReportwnDirect
Australia shares close historical and cultural ties with the UK, so the market offers fantastic opportunities to British online retailers.
In IMRG's “Australia Passport 2015: Cross-Border Trading Report”, you can find out how to successfully enter this thriving market.
The document discusses the steps for an apparel retail company to access the US market. It begins with background on trade agreements lowering barriers and increasing US consumer demand for imported apparel. It then discusses 4 steps:
1) Analyzing the large and growing US GDP indicating purchasing power.
2) Noting US investment in infrastructure like roads important for transporting goods from Mexico.
3) The large and competitive US apparel industry worth $342B by 2016, with strategies like niche marketing important.
4) Understanding the stable political environment and diverse cultural influences in the US which allow foreign investment.
Potential benefits of the US market include its large population offering a ready market, growing e-commerce
The Innovation Generation in a Changing China: China's MillennialsSIS International
Michael Stanat, author of "China's Generation Y," looks at some of the forces of change that are buffeting China and how researchers can respond to them.
Published in Quirks Market Research magazine in April 2015.
By Michael Stanat, SIS International Research, http://www.sisinternational.com
Strategies to Help CPG Companies Win in Chinaaccenture
Accenture’s latest study reveals consumer insights and strategies that can help accelerate growth for CPG companies and Retailers in China.
The profit rates of CPG companies have been declining in China recently, but by understanding the changing Chinese consumer, and adjusting their strategies to best serve consumer needs, CPG companies can drive growth in the country.
For more information view us on http://www.accenture.com/ConsumerGoods
Fashion Trends and Brand Opportunities in ChinaTechnomic Asia
Presentation given by Michael Zakkour @michaelzakkour at Fashion Institute of Technology on Oct 3 - China Fashion, Beauty and Status A Year on the Frontlines of China's Apparel and Luxury Market.
1) Indian food preparation versus Western food preparation.(2).docxmonicafrancis71118
1) Indian food preparation versus Western food preparation.
(2) Values and customs that might affect opinions about microwave ovens.
(3) The effects of competition in the market.
Answer the questions and consider its affects in India’s marketing
This article was written in year 2000, when the Internet saw a massive growth from its
birth from year 1994. It is said that: International communication network (W.W.W) is the
second greatest invention of mankind, after the first one is language.
According to the articles, more and more businesses are discovering the W.W.W as a
fundamental communication tool used to conduct daily business. Larger and small companies
are embracing the web to communicate with current and prospective customers in a same cost
and ease as in their countries. The internet Era is changing the way people doing business. It
hasthe fastest growing and most innovative componentsthat make them center to the paradigm
of marketing.
In some way, digital marketing is different with the traditional networking as it shifts
from “one-way” to “two-way” information flows between companies and consumers. Digital
is excellent way to broaden your network “one- to- many” and create great opportunities to
establish relationship with customers in a mutual communication. Never before has it been so
easy to access information on a worldwide basic and never before so many people been
exposed to and used a single information sharing system. Therefore, many firms have to
rethink their strategy and place more emphasis on digital world.
Reza Kiani also pointed out the many marketing opportunities on the Web as a twoway Communication, in four logical situations: Company-to-consumer, consumer-tocompany, consumer-to-consumer, company-to-company.
(1) Company-to-consumer: According to Morgan (1996), marketers can use interactive media
to provide higher services and lower cost by delivering up-dated product and non-product
related information. Compare to traditional marketing communication channel, digital
marketing is faster, less expensive, highly immediate communication, round the clock and
global. It offers wider and deeper material and richer advertisement content.
Assignment 1 3
Many articles pointed out the 3 basic advantages to business using the Web as:
Addressability, Flexibility and accessibility. The strong “Addressability” of the web is
the primary marketing resources for many firm to define target market, with the “
Flexibility”, customer will shape the firms that serve them.
(2) Consumer-to-company: The consumer is now an active participant, and a partner in the
production. Marketing today has learned that the probability of purchase by a repeat buyer
is much greater than that by a randomly mailed house-hold who has never been a customer.
As the product or service becomes customeised, the consumer faces serious problems to
identify the product or service s/he desires. To deal with this difficulty, Blattnerd.
This document provides strategies for companies expanding into emerging markets through e-commerce. It discusses researching the target market's demographics and income levels. Companies should understand factors like the rise of millennials, expansion of the middle class, and differences in average incomes. The digital landscape must also be considered, including internet and mobile penetration rates which vary significantly between markets. Companies should assess the strategic status quo by evaluating market conditions, the competitive landscape which ranges from consolidated to fragmented, and local consumer preferences. Case studies demonstrate how companies like Amazon and MercadoLibre have successfully expanded into new markets.
Thesis luxury digital communication in chinaCaroline DAM
The subject is an attempt to find an answer to the situation of the luxury industry in China, where communication and marketing are facing the evolutions of innovation and digitalization. It aims at bringing solutions to the distress of the actual luxury communication challenge to maintain the brand loyalty and keep drawing a new clientele, by taking into account the market alteration in terms of purchasing ways and needs.
The power of Chinese e-consumption is unstoppable despite the slowing economy and is estimated to reach 9.6 Trillion RMB by 2020. This sheer magnitude alone is the main reason why we are now taking a spotlight on China’s E-commerce industry.
21
China - Marketplace
Texas A&M-Commerce
In partial fulfillment of the requirements for MGT 380
Professor Lloyd M. Basham
April 22, 2018
Table of Contents
Abstract
3
Introduction
4
China’s Modern Consumers
5
International Business in China
6
Unsuccessful Marketing in China
7
Superstitions in China and Their Influence on Products and Marketing
8
Chinese Government Regulation
9
Counterfeit Products and Fraud in China
10
Foreign Investment in China
11
Chinese Calendar
13
E-Commerce in China
13
Conclusion
15
References
18
Appendices
Appendix A
22
Appendix B
23
Abstract
This paper discusses the Chinese marketplace, including: the demographic make-up of the consumer population in China, how international and domestic businesses choose to market to the Chinese consumer, international business in China, unsuccessful marketing campaigns in China, superstitious beliefs and their effect on certain products marketed in China, Chinese regulation and its affected on what is allowed to be marketed in China, the issue of fraudulent and counterfeit products in China, the decline of foreign investment in China and reasons why, the Chinese Calendar and how that affects sales, and finally e-commerce and mobile commerce in China. From this investigation of the Chinese market the paper seeks to provide a cursory knowledge of what a company or investor should know about Chinese markets before investing their money in China.
Introduction
The Chinese marketplace is a bit of a peculiar case for a number of reasons. Firstly, China is a vast country with many different dialects and cultural differences, and these different consumer groups have different behavior (“Chinese Consumer Behavior Overview”, 2017; “Understanding Chinese Consumers”, 2018). For several reasons, Chinese consumers have developed particular things they tend to look for over Western consumers. Because of a history of fraudulent products in China, for example, Chinese consumers desire secure platforms such as WeChat and Tmall with verified and safe products, and strong customer support. Chinese consumers have become more health conscious, and more focused on the quality and safety of products over price. Chinese consumers use the internet and in particular their phones to purchase products online moreso than in Western countries, and are doing so at an increasing rate. It is hard for international brands to compete with domestic ones in China on the topic of price, but international brands are certainly capable of competing with domestic Chinese brands when it comes to providing quality products that are also safe, which is more what the modern Chinese consumer wants. While China is a place of much opportunity for international businesses, the Chinese market is a highly competitive market, and beset with trademark squatters, fraudulent and counterfeit products, a government that ...
This report marks the 20th year of identifying
the 250 largest retailers around the world and
analyzing their performance across geographies,
sectors, and channels.
Over the last 20 years we have seen a seismic shift
in retail and the customers that retailers serve.
Consider that in 1997, the inaugural year of this report,
today’s average Amazon Prime customer was just
16 years old, AOL was pioneering social media, and
handheld virtual pets were the hottest-selling toys.
Today, handheld (or wearable) digital devices are
ubiquitous and a younger, social customer has come of
age. We are living in an era where customers are in the
driver’s seat more than ever before and they are craving
authenticity, newness, convenience, and creativity. We
are living in the customer-driven economy.
Marketing has evolved with technological changes. Marketing 1.0 focused on selling products without considering customer needs. Marketing 2.0 is customer-centric but still focuses on profits. Marketing 3.0 will treat customers as human beings who want to actively participate and have their anxieties and desires fulfilled. It will be collaborative, with companies and customers co-creating value, iconic by addressing societal contradictions, and independent by giving customers freedom to communicate on their own terms.
p a r t1Introduction toRetailingC h a p t e r 1P.docxalfred4lewis58146
p a r t
1
Introduction to
Retailing
C h a p t e r 1
Perspectives on Retailing
C h a p t e r 2
Retail Strategic Planning
and Operations Management
Perspectives on Retailing
OVERVIEW:
In this chapter, we acquaint you with the nature and scope of retailing.
We present retailing as a major economic force in the United States and
as a significant area for career opportunities. Finally, we introduce the
approach to be used throughout this text as you study and learn about
the operation of retail firms.
LEARNING OBJECTIVES:
After reading this chapter, you should be able to:
1. Explain what retailing is and why it is undergoing so much change
today.
2. Describe the five methods used to categorize retailers.
3. Understand what is involved in a retail career and be able to list the
prerequisites necessary for success in retailing.
4. Explain the different methods for the study and practice of retailing.
What Is Retailing, and Why Is It Undergoing So Much
Change Today?LO 1
What is retailing, and
why is it undergoing so
much change today?
It is easy to take for granted the impact retailing has on our economy and lifestyle.
The full importance of this statement was recently pointed out to one of the authors
when his niece, after working in New York City and Atlanta, made a career move to a
town of 15,000 in the upper Midwest. While the town had a regular Walmart (not a
Supercenter), she was now 41 miles from a Target and Walmart Supercenter and
almost three hours from a major department store. While she now spent less time in
stores, she was frustrated by the lack of selections. As a result, her overall spending
declined. This situation illustrates the impact retailing has on the economic pros-
perity of any nation as well as the lifestyle of individuals. History has shown that the
nations that have benefited from the greatest economic and social progress have
been those with a strong retail sector.1 After all, it is retailing that is responsible for
matching the individual demands of the consumer with vast quantities of supplies
produced by a huge range of manufacturers and service providers.
Retailing’s contribution to a nation’s economic growth can be further pointed
out by these two examples. First, in 2006, the Nobel Peace Prize was given to
Bangladesh economist Muhammad Yunus and the Grameen Bank, a microretail
bank which he founded decades earlier. The prize committee recognized the
importance of financing the business aspirations of ‘‘millions of small people’’ with
c h a p t e r
1
loans as little as $20 to help some of the world’s most impoverished people start
businesses so that they could work to bring about their own development by
establishing small retail outlets that helped build the retailing sector of the
economy.
The second example can be found by looking at the impact of the world’s
largest retailer, Walmart, on the U.S. economy. One business writer suggested
tongue in cheek that Walmart, which was founded in Arkan.
‘CHINA BEYOND’ STUDY OFFERS INSIGHT INTO CONSUMERS,Lara Young
The study offers insights into consumers in China's 4th-6th tier towns, which account for 37% of the population. These towns have different consumer cultures and retail landscapes than major cities and 2nd-3rd tier cities. Brands should develop strategies based on local insights and conditions to connect with consumers in small towns. The government stimulus package aimed at small towns and rural areas represents a huge market potential if companies understand local needs, aspirations, and purchase decisions. The study provides recommendations for how brands can tap into opportunities in 4th-6th tier towns.
Luxury goods sector and Consumer goods sectorMidhun Abraham
The document compares the luxury goods sector and consumer goods sector. It defines luxury goods as products with a high price premium, rare materials, and craftsmanship. The luxury goods market is characterized by globalization, consolidation, and diversification. Consumer goods are end products for average consumers like food and clothing. The consumer goods industry depends on advertising, retail outlets, and brand differentiation. Both sectors face challenges like changing consumer preferences, economic conditions, and supply chain issues. Opportunities exist in tapping new markets, digital channels, and meeting needs of various demographic groups.
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1) Alibaba's Tmall Global is a cross-border e-commerce platform in China that allows international brands to sell to Chinese consumers.
2) During the COVID-19 pandemic, e-commerce saw significant growth in China as consumers increasingly shopped online.
3) Tmall Global works with over 26,000 international brands across 84 countries and regions. The platform provides tools to help brands target Chinese consumers and access the large Chinese e-commerce market.
This document provides an overview of key components of a modern marketing information system and methods for analyzing the macroenvironment. It discusses the importance of internal records, marketing intelligence systems, and procedures for gathering, sorting, analyzing and distributing market data. It also outlines various macroenvironmental factors that marketers monitor, including demographic trends like population growth, age distribution, ethnicity, education levels and household patterns on a global, national and regional scale. Specific examples are given of companies adapting their marketing approaches to better target demographic groups.
The retail sector in Chile accounts for 29% of GDP and employs 13% of the workforce. It has experienced strong growth from 2009-2014 and further growth of store-based and non-store retailing is predicted from 2015-2020. Higher disposable incomes and trends toward health and wellness have created opportunities in consumer goods. Major retail chains are looking to expand regionally within Chile. The UK has a trade agreement with Chile ensuring tariff-free imports, and British brands have a reputation for quality.
1) The document discusses China's ecommerce market, which grew 14.3% in the first half of 2020 even as traditional retail sales fell 17.9%. Ecommerce was widely used during COVID lockdowns.
2) It introduces Alibaba's history and platforms like Tmall Global, which allows international brands to sell to China's online market of nearly 700 million consumers.
3) Tips are provided on understanding Chinese consumers and marketing on social media platforms to help brands succeed on Tmall Global. Contact information is given to get started.
Fiona Weng - eCommerce Day Ecuador Online [Live] ExperienceeCommerce Institute
1) The document discusses China's ecommerce market, which grew 14.3% in the first half of 2020 even as traditional retail sales fell. Ecommerce was widely used by consumers during COVID lockdowns to access products and services.
2) It provides an overview of Alibaba, the world's largest online commerce company, with over $853 billion in gross merchandise volume on its China marketplaces in 2019. Alibaba's total sales on its marketplaces surpassed total US ecommerce sales that year.
3) The document introduces Tmall Global, Alibaba's platform for international brands to sell to Chinese consumers cross-border. It has over 26,000 international brands across 84 countries and regions.
This document summarizes the history and current state of China's economic rise over the past 40 years since implementing market reforms in 1979. It describes how China has transitioned from a poor, centrally planned economy to become the world's largest economy based on purchasing power parity. However, China still faces major economic challenges including transitioning to a free market system, rebalancing its economy away from exports and investment towards domestic consumption, reducing debt and overcapacity, and addressing environmental and corruption issues. The rapid growth of the Chinese economy has significant implications for the US and is an important issue for Congress.
Specialty drugs are one of the fastest growing areas of health care spending in the United States. There is no single definition but they are generally expensive drugs that treat complex conditions like cancer and hepatitis C and often require special administration. Spending on specialty drugs increased 26.5% in 2014 and they now account for about one-third of total US prescription drug spending. This growth raises issues for private insurers and government programs who are trying to control costs while still providing access to important treatments. Insurers use strategies like higher copays, prior authorization requirements, and limiting coverage to the sickest patients to manage specialty drug utilization.
The document summarizes the process by which the FDA approves new drugs for use and regulates drugs post-approval. It discusses how drugs are tested in clinical trials through an investigational new drug application and new drug application. It then outlines the FDA's role in reviewing applications and ensuring safety and effectiveness. Finally, it describes the FDA's ongoing role in regulating approved drugs, including product quality, labeling, adverse event reporting, and risk management. The House passed legislation that would reauthorize FDA drug user fee programs and make changes to the drug approval process.
The document summarizes FDA regulation of medical devices in the United States. It discusses that many medical devices must undergo premarket review by the FDA to be legally marketed. Devices are classified based on risk, and moderate and high-risk devices must receive FDA clearance or approval prior to marketing, usually via the 510(k) or premarket approval (PMA) processes. Concerns have been raised about FDA's device review processes and oversight of marketed devices based on reports of device problems causing injuries.
This document provides an overview of frequently asked questions about prescription drug pricing and policy in the United States. It discusses key topics such as how much the US spends on prescription drugs annually, factors contributing to increases in drug spending, the role of government programs in drug coverage, and policies around pharmaceutical research and marketing. The document contains data on US drug spending trends, the share of spending from different sources, international comparisons, and the impact of publicly funded research. It aims to give Congress a broad understanding of issues related to prescription drug costs and availability.
This document provides an overview of carbon capture and sequestration (CCS) projects in the United States. It summarizes three large CCS power plants: the Petra Nova plant in Texas, which began operations in 2017 and captures 1.4-1.6 million tons of CO2 annually; the Kemper County plant in Mississippi, which suspended its CCS operations in 2017 due to cost overruns and delays; and the Boundary Dam plant in Canada, which captures around 1 million tons of CO2 annually. It also discusses legislation and funding for CCS, and provides a primer on the CCS process.
The document provides an overview of the Arctic National Wildlife Refuge (ANWR) and the ongoing debate over whether to allow energy development in the refuge. It discusses the history and establishment of ANWR, the potential energy resources within the refuge including oil and natural gas, the biological resources and native interests, and the options for both protecting and developing the refuge. Key points of contention have been over whether to allow drilling in the 1.57 million acre Coastal Plain area, which supporters view as promising for oil but others want to protect for its wildlife and subsistence values.
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Dr Dev Kambhampati | USA Cybersecurity R&D Strategic PlanDr Dev Kambhampati
This document presents the Federal Cybersecurity Research and Development Strategic Plan, which was developed in response to a requirement in the Cybersecurity Enhancement Act of 2014. The plan outlines the US government's strategic approach to guide Federal investments in cybersecurity research over the next 5 years, with the goals of deterring cyber attacks, protecting systems and data, detecting threats, and helping systems adapt. It emphasizes critical areas like the scientific foundations of security, risk management, human aspects, workforce development and transitioning research into practice. The plan aims to establish a position of assurance, strength and trust in cyber systems through advances in cybersecurity science and engineering.
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This document presents the Federal Big Data Research and Development Strategic Plan, which outlines seven strategies to guide federal agencies in developing and expanding mission-driven Big Data programs and investments. The strategies address: 1) leveraging emerging Big Data technologies and techniques, 2) exploring trustworthiness of data and knowledge, 3) building research cyberinfrastructure, 4) promoting data sharing and management policies, 5) understanding privacy, security and ethics regarding Big Data, 6) improving national Big Data education and training, and 7) enhancing cross-sector collaboration in the Big Data innovation ecosystem. The overarching goal is to maximize the benefits of Big Data for scientific discovery, research, and informed decision-making.
DARPA has had some success transitioning technologies since 2010, but inconsistently defines and assesses transitions. GAO's analysis identified four key factors for successful transition: military/commercial demand for the technology, sustained DARPA interest in the research area, technology maturity, and partnerships. However, DARPA prioritizes innovation over transition and provides limited transition training and assessment. GAO recommends DARPA regularly assess transition strategies, refine training, and increase sharing of technical data to improve transition success.
NASA Technology Roadmaps- Materials, Structures & ManufacturingDr Dev Kambhampati
This document is NASA's 2015 Technology Roadmap for Materials, Structures, Mechanical Systems, and Manufacturing (TA 12). It identifies technologies needed over the next 20 years to address challenges for deep space exploration, including radiation protection, mass reduction, reliability, and affordability. The roadmap focuses on applied research and development for materials, structures, mechanisms, and manufacturing methods. Advances in these areas are critical to enable future NASA missions and strengthen the US economy through commercial applications. The roadmap was developed in collaboration with industry and academia to identify cutting-edge technologies.
Dr Dev Kambhampati | Tennessee Exports, Jobs & Foreign InvestmentDr Dev Kambhampati
This document summarizes Tennessee's exports, jobs supported by exports, and foreign investment. It finds that in 2015, Tennessee exports supported over 158,000 jobs, up 35,000 since 2009. Tennessee's top export markets are Canada, Mexico, China, and Japan, and its top exported products are transportation equipment, computer and electronic products, chemicals, and machinery. The document also notes that over 7,300 Tennessee companies export goods, with small and medium enterprises accounting for 83% of exporters and 16% of export value. Finally, it states that in 2014 over 139,000 Tennessee workers were employed by foreign-owned companies, most from Japan, the UK, Germany, France and the Netherlands.
The document analyzes the impact of NAFTA on state-level exports in the United States from 1993 to 2003. It finds that exports to NAFTA partners (Canada and Mexico) grew faster than total US exports over this period, increasing their share. By 2003, NAFTA markets accounted for 37% of US merchandise exports, up from 31% in 1993. Texas was the top exporting state to NAFTA partners in 2003, sending $52.4 billion worth of goods, followed by California at $26.1 billion. Six of the top ten state exporters to NAFTA were traditional manufacturing states in the North.
The document discusses the impact of NAFTA on the US chemicals industry over the past 10 years. It finds that US chemical firm exports to Canada increased 38% and exports to Mexico increased 97% from 1992 to 2002. In 2002, US firms captured 71% of Mexico's chemicals import market and 70% of Canada's. NAFTA eliminated tariffs on US chemical imports to Mexico and Canada, providing a competitive advantage. Some US chemical companies have benefited from expanding sales and investment opportunities in Mexico under NAFTA.
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1. 1
Testimony before the U.S.-China Economic and Security Review Commission
U.S. Access to China’s Consumer Market
June 22, 2017
Michael Zakkour
Vice President, China/APAC & Global E-Commerce Practices
Tompkins International
Part One – Introduction
China by the numbers: 800 Million Consumers – 650 Million E-commerce Shoppers – 450 Million Alibaba
Customers.
In October of 2014 the book I co-authored “China’s Super Consumers: What 1 Billion Customers Want
and How to Sell It to Them” was published by Wiley. The book’s central thesis was that China’s consumer
class is now the largest and fastest growing in the world and the most important and powerful since the rise
of the “American Super Consumers” of the mid-late 20th
century. We posited that the fate of brands,
retailers, technology companies and service providers from around the world will, in many ways, depend
on successfully engaging and serving 800 million, soon to be 1 billion Chinese consumers.
When asked by Wiley to write a book about China (subject matter of my choosing) I reflected on my
extensive business and cultural experiences in, and the accumulated knowledge I gained, over 15 years of
advising American and global companies, brands, retailers and investors on opportunities for engagement
in China, there was no doubt in my mind that the story was the journey China and Chinese citizens made
from a closed, planned economy with little more than the bare essentials of life for sale to the second largest
economy in the world and the most important emerging consumer class on Earth.
We called them ‘Super Consumers’ because of their sheer numbers (800 million), spending power and
insatiable appetite to buy everything from locally produced commodities and necessities to the best products
and services from the West, to luxury products and services.
The questions that needed to be answered were: How did China progress from Feudalism to Fendi? From
Sandpaper (used on ladies’ faces due to make-up not being available) to Sephora? From Chairman Mao to
Chairman Ma (Alibaba founder Jack Ma)?
Over the last twenty years we can track the growth of China’s consumer market in three stages.
Phase I - “The First Consumers” 1994-2000 – The first significant wave of Chinese entrepreneurs,
executives and white collar workers realize success in business, especially in the manufacturing sector, and
are able to spend disposable income on foreign products and brands. The Chinese government encourages
foreign brands and retailers to enter the market by relaxing and in some cases eliminating laws and
regulations that had previously hampered retail operators. The majority of early non-Chinese products and
2. 2
retailers are in the luxury space. During this phase, there were roughly 100 million Chinese consumers with
significant disposable income.
Phase II - The Consumer Boom - 2000-2012 – The second and third waves of consumers with significant
disposable income developed during this period. Spending on luxury, foreign restaurants, fashion and
technology spreads beyond first tier cities like Beijing, Shanghai and Guangzhou to vast stretches of the
Eastern and Southern coastal areas. E-commerce, once a novelty with little impact, is introduced to the
market on a mass scale. Alibaba, who previously was known for its manufacturer/buyer B2B service
Alibaba.com turns its attention to consumer products, first with its EBay like ‘Tao Bao’ and then its digital
mall ‘Tmall.com.’ Consumer appetite for foreign brands, products and retail experiences expands rapidly
and hundreds of non-luxury multinational companies enter the market. During this phase, there were 300-
400 million consumers with legitimate disposable income.
Phase III – The Age of the Super Consumer – 2012 to Present – Fueled by government directives to
realize economic growth through consumption (detailed in the 12th
and 13th
5 Year Plans) the rise and
ubiquity of E-commerce; rising urban incomes; 300 million people out of poverty; a rapidly expanding
urbanized middle class; millennials supported by the 4-2-1 family (four grandparents, two parents, one
child); and 150 million outbound travelers per year, the age of the China Super Consumer/ “China Global
Consumer Demographic” begins and matures rapidly.
There are now 800 million Chinese consumers with varying, but substantive, levels of disposable income.
They run the gamut from rural villagers who can now afford mobile phones, automated farming equipment
and Western personal care products to urban middle/upper middle class consumers eating out at American
restaurants, drinking French wine and buying luxury apparel and homewares, to the very wealthy who can
afford all of the luxury products and experiences the world has to offer.
***
While American companies have been, with varying levels of success, addressing the Chinese consumer
market on a mass scale for more than ten years, the opportunity is now bigger than most realize, but the
rules of engagement and keys to success have changed dramatically. The upside to engagement has never
been higher, but the competition has never been fiercer.
It is my opinion, informed by 24 years of experience in international business, technology/e-commerce and
China that the three key realities that American companies must embrace to succeed in China and thus
globally are:
E-commerce ubiquity and the new cross-border e-commerce model.
The effects that Globalization 2.0 and China’s role in the new paradigm has had on all aspects of
global business and the need to reset “make it-move-it-sell-it” strategies and operations for China
and beyond.
The emergence of a “Global China Consumer Demographic” that American companies must
address in order to engage, connect with, and sell to Chinese speakers. They are “mobile and
mobile” (e.g., Chinese consumers are traveling the world, investing abroad, being educated and
entertained abroad and participating in the global economy at every level) and live their lives
3. 3
through mobile phones. Simply engaging Chinese consumers within the borders of China itself is
not sufficient anymore.
The opportunities for American companies to grow and prosper through engagement with China and
China’s Super Consumers as a whole are numerous and widespread.
Part Two – The Digital World and Globalization 2.0
From roughly 2000-2014 the foundations of the digital business, commercial and lifestyle paradigm and
the seeds of E-commerce ubiquity were laid. It is critical that U.S. businesses understand that the key to
future growth and prosperity in retail, consumer products and branding is through the “New Retail” model.
Globalization 1.0 spanned the period from roughly the early 70s to 2010. Globalization 2.0 began around
2010 and the three megatrends it produced were:
The reemergence of China as a Global Economic, Cultural, Consumer, Supply Chain and
Manufacturing Power and the emergence of “China’s Super Consumers” as the largest and most
important new consumer class in the world.
The emergence of tech driven, efficient and cost effective Global, Regional, Local and Hyper-Local
supply chains and logistics that has made it possible to sell and ship from anywhere to anywhere
in both the B2C and B2B.
The maturity of E-Commerce and the beginning of a digitally (not IT) driven business world.
In this model, E-commerce is a set of channels within a larger framework for sales, distribution, customer
engagement and loyalty, and operations. Building the model for global consumer product and retail success
includes the following steps:
Transition to digital strategies, operations, tactics and tools and to become a Digital Company.
Transition to a Multi-Channel/Uni-Channel model whereby digital operations connect all sales
channels, customer experiences, internationalization, branding and marketing.1
Employ all or some
combination of the 5 major E-commerce models as tools for sales, distribution, marketing,
consumer relationship management, and supply chain.
Part Three – Chinese Consumer Trends
It has been accepted wisdom in tracking China’s rapid evolution in consumption, technology and logistics
that changes are counted in dog years as compared to the West. Business models, consumer trends,
technologies, and infrastructure build-out changes that would take 7 years in the West happen in 1 year in
China. While this might be a slight exaggeration, in many important ways it is only slight.
There is no arguing however that changes in Chinese consumer trends, tastes, and activities regarding what
they want to buy, where they want to buy, how they want to buy and from who they want to buy from has
1
There is no longer a battle between E-commerce and bricks and mortar retail. The companies that survive and prosper
over the next 5-10 years must employ stores and E-commerce in conjunction. The biggest names in E-commerce are
now heavily investing in bricks and mortar operations. While it is true that thousands of retail stores are closing, the
long term reality is that thousands more will open. The winners and losers will be separated not by E-commerce vs.
bricks and mortar, but by who creates a uni-channel experience that employs both models in tandem.
4. 4
seen massive changes and overhauls over the last five years. The following are some of the most important
new trends to emerge recently and which are most likely to have the greatest impact on American
company’s engagement with China.
E-commerce – By far the most important development in Chinese commerce is the near ubiquity
and importance of E-commerce across almost all categories, demographics and income levels. As
Alibaba’s Jack Ma once said, “In the U.S., E-commerce is dessert. In China, it’s the main course.”
China’s retail environment remained largely underdeveloped in most of the country (with
exceptions being the biggest 3-4 cities) throughout the boom in consumption in the 2000s. As a
result there were few legacy systems, infrastructures and industry leaders to overcome, so China
largely jumped straight to digital commerce/E-commerce. This phenomenon is similar to China’s
rapid and complete adoption of mobile communications in skipping over land lines.
Interactivity/Shopping As Entertainment – Chinese consumers view shopping as
entertainment/sport/competitive activity. Digital tools and E-commerce deliver all of these
experiences to consumers and as a result drive higher engagement/spending than other markets.
Mobile – Chinese consumers are now, on average, making 80% of their E-commerce purchases on
mobile devices. The convergence of E-commerce ubiquity and mobile living has created a perfect
storm of consumption enablement.
American Products – Chinese consumers’ desire for American products and brands has never been
higher and this demand is on track to grow exponentially over the next ten years. Chinese
consumers appreciate the brand story, lifestyle implications, quality assurance, authenticity and
safety of American products.
Personal Care – Spending has shifted away from products in the luxury sector (although luxury is
growing) to experiences and a focus self and wellness. As a result demand for American vitamins,
supplements, foods, beverages, medical products and high quality apparel is soaring. If it goes in
and on the body Chinese consumers will spend more on foreign products.
Grocery is a rapidly expanding category for online shopping and U.S. food and beverage companies
and farmers have a great opportunity to sell in the medium.
Part Four – E-commerce Trends in China
E-commerce in China is no longer just about buying and selling products and services – rather it has become
a part of the fabric of life in China. This is largely due to:
E-commerce filling the space for consumption and retail that was largely underdeveloped at the
time when E-commerce was maturing in the West and being introduced in China.
Chinese citizens adopting the mobile phone as their primary tool of communication, consumption,
entertainment and socialization.
Alibaba and JD.com developing ecosystems that combine retail, supply chain, data/technology and
entertainment. These two companies dominate almost every aspect of E-commerce in China.
Alibaba accounts for approximately 72% of all E-commerce transactions, JD.com for about 22%
and the remainder split among specialty marketplaces, big brand standalone sites and digital native
sites.
Mobile based shopping has become dominant in China. Alibaba reported that 82% of 11-11 Singles
Day holiday sales were made through mobile devices
5. 5
Augmented Reality – Adding digital images/video over real life camera view images to “gamify”
shopping
Virtual Reality – Using VR headsets to shop virtual stores or stores that are hundreds or thousands
of miles away. In November 2016, I used VR to shop Macy’s NY flagship store from Shenzhen
China.
Unichannel Commerce and “The New Retail Model” – Chinese internet/E-commerce companies
are investing heavily in bricks and mortar commerce. The “New Retail Model” is “Uni-Channel”—
providing customers seamless integration and experiences that combine all online/offline buying,
entertainment and returns. It is now accepted that online and offline must be a single experience
connected by digital operations and channels.
Entertainment/Sports – Chinese E-commerce and technology companies are integrating
entertainment and sports into all aspects of the E-commerce experience. In China, shopping IS
entertainment and entertainment drives sales. The same can be said of sports. Sporting products,
teams and lifestyle is a major new avenue for brands, retailers and teams in Chinese E-commerce.
The NFL, NHL, NBA and major European soccer teams are now all integrating their products and
messaging across all E-commerce channels in China.
Social Commerce – China is home to many of the most robust social media platforms in the world.
In particular Tencent’s We Chat is central to the lives of its 700 million users. We Chat has
launched mobile payments, electronic malls and a wide array of marketing vehicles to serve
customers who research and buy through mobile device based/social media enabled retail.
Part Five – China’s E-Commerce Landscape
The total global retail E-commerce market is estimated to reach US$ 2.5 trillion in 2017, maintaining a
double-digit growth pattern established over the past 5 years. China and the Asia Pacific region are the
largest retail markets in the world and have and will continue to contribute the highest growth in the E-
commerce and will maintain its leading position in the retail E-commerce market with almost 60% share
of total worldwide revenue.
China for example already has an estimated 700 million internet users and 650 million E-commerce
shoppers. Both numbers represent only about half the population of China so the runway for growth is
incredibly long. In Southeast Asia, there are currently about 500 million online consumers and penetration
is only 40%, again presenting a long runway for growth.
Accelerating internet penetration, the rise of a digital business, consumer and retail ecosystem, and eager
online shoppers, as well as increasingly large Asian middle class, led by China, India, and Indonesia and
their corresponding disposable income, have fueled the China/APAC growth.
Unlike the U.S. and Europe where there is a mature middle class and high internet E-commerce penetration,
APAC is still in “adolescent” mode and the growth opportunities are huge. By 2020, there will be over 300
million new Chinese online shoppers for a total of almost 950 million, 3x the total population of the United
States, the 3rd
most populous country on Earth.
China, fueled by Alibaba maintains its top position in the retail E-commerce market, currently accounting
for about half of worldwide sales which are estimated to double by 2020. Having the largest internet
population in the world (680 million active users in 2016) and the largest pool of future middle-class
6. 6
consumers (338 million households worth US$ 6.5 trillion in 2020), China is poised to continue driving E-
commerce development in Asia and globally.
As Amazon dominates in the U.S. and Europe, China is dominated by Alibaba; with over 80% of all
transactions touching an Alibaba owned or affiliated business. However, unlike western countries where
web based and desktop based shopping is dominant, Chinese online shoppers overwhelmingly connect
online and shop through mobile devices. On Alibaba’s Singles Day in 2016, 82% of sales ($18 billion USD
in GMV) were made through mobile.
The Single’s Day festival was pioneered by Alibaba – a 24 hour shopping marathon where discounts and
promotions are made available on over one thousand product categories; it is now considered to be the
largest online shopping day of the year with a sales record of US$ 17.8bn within 24 hours on November
11, 2016. Mobile is not only the most common purchase medium, it has also become one of the most
popular payment methods/tools, where the largest payment platforms such as: Alipay and Tenpay are made
available.
E-commerce growth in China is not only taking place domestically but on a cross border E-commerce basis,
growing over 60% growth in the past 3 years; The US, Japan, and South Korea are the top 3 destination
countries for cross border purchases. With somewhat slower but stable market growth in the next 3-5 years,
the following trends are expected in E-commerce in China and by extension East Asia:
Movement towards greater growth in B2C (vs. C2C) in China where Tmall will be the key
platform, followed by JD, and Suning
Upsell and premiumization where average spend per transaction, by product and by category, is
gradually increasing - up 20% annually the last two years.
Stricter regulations and demand for higher quality products as consumers become more
sophisticated
Rapid expansion of product category coverage and participating brands (especially international
brands)
Faster growth in luxury goods and larger size/ticket items
Diversification in consumer engagement models (e.g., use of E-commerce satellites for agricultural
sector, where online E-commerce can promote high quality crop products such as fruits or
vegetables based on the cultivation and harvesting data, or emerging social commerce, where
online shoppers can do transaction with sellers via social media platform post receiving friend’s
recommendation or reading / watching targeted ads / news)
Food and beverage; cosmetics and personal care; mother and baby products, and healthcare-related
products will continue to be fast growing and important categories
While China’s E-commerce market offers attractive opportunities for foreign companies, many
international marketplace/platform players have not been able to survive in the Chinese market. Companies
like Amazon and EBay are now irrelevant in the Chinese market, regardless of the amount of investment
and sound strategic moves they made to support their businesses. Hence foreign retailers and brands must
work with the dominant local players (e.g., Alibaba and JD) to conduct e-business in the Chinese market.
7. 7
Macy’s, for example, decided to open its Chinese online store through Alibaba’s Tmall for a faster, more
cost effective, and meaningful entry. Even Amazon was forced to open an Amazon store on Tmall. This is
the equivalent of Target admitting it cannot compete with Walmart and opening mini Target stores inside
Walmarts.
Part Six – E-commerce in China vs. the U.S.
There are two major differences between E-commerce in the U.S. and China:
In China, 90% of all transactions take place on marketplaces. Marketplaces are the electronic malls
where thousands of brands have their stores set up. Less than 10% of all sales happen on a
company’s owned and operated .Com or .CN site.
o In the U.S. Amazon is the dominant marketplace, accounting for about 50% of all new E-
commerce transactions but 50% of all sales still occur on owned and operated .COM sites
or 3rd
party specialty retail sites.
o Chinese E-commerce is dominated by two companies, Alibaba and JD.com, who account
for almost 90% of all transactions.
In the U.S., aside from Amazon, transactions are split between 3rd
party retailers, digital native
brands, and owned domains. In China the vast majority of transactions take place on mobile
devices. In the U.S. less than half of transactions are made on mobile devices.
Part Seven – Alibaba – The Company That Touches 80% of All E-commerce Transactions in China
Alibaba is not only the largest E-commerce, technology, data, and marketing company in China, and Asia,
it is one of the most dynamic, innovative and ambitious companies of any kind in the world today. They
are a perfect result of, and key driver of, a Globalization 2.0 World.
As I said in a recent Financial Times interview, “If Globalization 2.0 got pregnant and had twin boys they
would be named Jeff Bezos and Jack Ma.” In China, Alibaba’s tentacles reach into almost every aspect of
life: shopping, finance, chatting, healthcare, entertainment and news. You can go for weeks in China
without cash, swiping your phone to pay for coffee, clothing or utility bills. Alibaba is responsible for one-
tenth of China’s retail sales and has the biggest money market fund (Yu’e Bao has Rmb1.14trn under
management). It is the company that chased eBay and Amazon out of China and bested Yahoo, acquiring
its operations there in 2005.
Alibaba has built a dynamic, efficient, scalable and comprehensive ecosystem of platforms, services,
technologies and business enablers for China, for Asia, and now for the world.
Alibaba has 450 million customers in China, and it is expected they will reach 750 million in the next five
years. They are pursuing the SEA, Indian, and NE Asian markets aggressively. They also have a
comprehensive system in place to enable European, American and South American companies to sell to
Chinese consumers across a number of domestic and Cross-Border platforms.
Engaging with Alibaba is a must for a robust China E-commerce consumer play; especially China’s fast
growing 20-50 year old premium and luxury consumers. As Alibaba transforms the entire retail,
distribution, consumer and logistics models to a new “current state” and resets the shopping experience
8. 8
across all categories in China, it becomes clear that it is impossible to be successful in China without them,
online and off.
Engaging with Alibaba with the right strategies and right operations (it is easy to get it wrong by pushing
structure before strategy, relationships and win-win narratives) not only opens the door to the future of
China, but also provides a clearer path to success in all of Asia and eventually in Africa, South America
and the developed economies of the West.
For example, Alibaba is making a major push to become a major player in the global wine and spirits
business and in many ways has a significant head start on Amazon and other marketplaces and tech
companies from around the world.
Finally, Alibaba is committed to enabling the success of others. They do not compete with or harm in any
way the brands, retailers and service partners they engage with.
Alibaba’s business units are categorized into A. Core Commerce B. Digital Media & Entertainment C.
Local Services/Marketing Services—and all are powered and driven by the company’s:
Alicloud Technology/Cloud Computing – Alibaba’s data collection, analysis, and deployment
capability; commercial enabler; smart device/life enhancer - The core of the company’s ecosystem.
Cainiao Logistics Network – Alibaba’s outsourced supply chain and logistics arm that makes it
possible to run a massive domestic and cross-border commerce business efficiently and cost
effectively.
Alipay – The world’s largest e-payment system. Alipay is owned by Alibaba leadership and outside
investors. It was spun off from Alibaba group prior to the company’s 2014 IPO and is central to
the growth of E-commerce in general in China and beyond.
Alibaba is aggressive, innovative and strategic in the development of its own technologies and business
enablement systems and has invested heavily in making Alicloud one of the largest cloud systems in the
world.
Payment is not only a needed function for Alibaba’s core Commerce activities but it helps open new markets
and is a key to tying together its entire ecosystem.
Logistics is a key part of Alibaba’s strategy to further their impact in China, the rest of Asia and globally.
Importantly the Cainiao Logistics Network is being enhanced and scaled to be the key driver of Alibaba’s
cross border e-Commerce strategy.
9. 9
THE ALIBABA ECOSYSTEM:
Alibaba’s mission statement is “to make it easy to do business anywhere”.
This mission statement has driven Alibaba to build its product and service offerings around buyers and
sellers through an enablement approach. It created marketplaces as a platform that enables buyers and
sellers to conduct transactions directly with each other and launched finance/payment units to facilitate
payment for transactions made in their marketplaces. Their finance and banking arm, Ant Financial, offers
funding for sellers to enable them to sell on marketplaces. Its smart logistics solutions enable sellers to
deliver their products reliably, cheaply and quickly providing buyers with value-added customer delivery
experiences.
The data collected from all of these operations is integrated into a system that helps sellers to better sell
their products and buyers to gain better shopping experience. While each business seems to operate
independently, they act as components that complement one another to create an end-to-end solution for
both buyers and sellers across any B2B, B2C, C2C, B2B2C and O2O platforms.
The Alibaba ecosystem is central to the company’s success, profitability, dominance in market and coming
globalization.
CORE COMMERCE BUSINESSES
Chinese consumers are eager to spend money—and they spend a lot of time shopping. In China, shopping
is about more than just the transaction. It’s about entertainment, discovery, and social engagement with
friends, celebrities, and internet influencers. On average, China’s consumers spend almost 30 minutes a day
on Alibaba’s Taboo, the country’s leading E-commerce marketplace, nearly three times longer than an
American consumer typically spends on Amazon. And they’re very brand conscious, if not particularly
brand loyal. For instance, the typical Chinese teenager can recall 20 cosmetics brands while the average US
teen can identify just 14. China’s young people are also the most “spend friendly” in the world: 42% feel
the need to buy more things, compared with 36% in both the UK and the US.
10. 10
Marketplaces
The core of Alibaba’s consumer business model lies in providing sellers and buyers marketplaces along
with affiliated platforms that:
Enable entrepreneurs, small to medium sized businesses, mega brands, retailers and multinational
companies to sell their products and services on a B2C, B2B, B2B2C and O2O basis
Enable individuals and entrepreneurs to sell their products and services on a C2C basis
Provide Chinese consumers with multiple platforms from which they can buy products from
domestic and foreign sellers
Alibaba.com
Alibaba.com was Alibaba’s first platform and first business model. Launched in 1999 Alibaba.com was
and is the largest B2B platform in the world. The primary purpose of the site was to enable foreign
companies, brands, retailers and entrepreneurs to find, contact, and do business with Chinese factories,
manufacturers, agents and suppliers.
Alibaba.com also solved a massive problem for Chinese suppliers; how to find foreign customers for their
products. Within a short time hundreds of thousands of Chinese suppliers signed up and listed their
products, contact information etc. on Alibaba.
Huge companies like Softbank, Yahoo, and Goldman Sachs invested in Alibaba early and provided the
capital for fast and comprehensive expansion. Alibaba had taken the first steps to becoming a major player
in China’s internet and manufacturing industries.
Taobao
Taobao is Alibaba’s C2C marketplace where Chinese netizens and small business sell and buy with each
other. Taobao was the company’s first foray into the consumer products world. Taobao was launched in
2003 after, and as a response to, U.S. Auction and C2C giant E-Bay bought China’s leading auction site at
the time “Eachnet”.
E-Bay experienced initial success in China but Alibaba quickly reacted by offering free listings, instant chat
(important to Chinese consumers) and other local features. Perhaps most important to Taobao’s success
was the introduction of ‘Alipay’, Alibaba’s financial payment platform, which proved to be a hit with
Chinese consumers because as an escrow service, it provided trust and assurance that they would not be
victims of fraud.
Eventually a number of E-Bay missteps, Alibaba’s innovations, and Ebay’s difficulties with the government
forced it to abandon China.
Soon after, Taobao became the most popular and important E-commerce platform in China. To this day it
still generates the majority of Alibaba’s core Commerce revenue. According to internet ranking company
ALEXA, Taobao is the 10th
most visited web site in the world. Taobao has more than 400 million shoppers
and almost 800 million product listings at any given time.
The Taobao platform, while C2C, is the main gateway that connects Alibaba’s users with its other
marketplaces. Users can search in Taobao, but get results or suggestions for products on all of the Tmall
11. 11
platforms. This was a smart way to educate users about Tmall when it first came out since everyone were
already using Taobao, which is now a one-stop platform for shoppers online.
Alibaba is trying to build its brand globally and burnish its reputation and for this reason the significant
problem with counterfeit items on Taobao is a major concern, prompting Alibaba to invest hundreds of
millions of dollars in anti-counterfeiting measures. As of today, Taobao is, somewhat unfairly, listed on the
USTR blacklist.2
Taobao, as a C2C marketplace, is becoming less significant as Tmall continues to grow and dominate in
China and beyond. However it is still important to note that Alibaba started with Taobao and:
Alibaba aims to ensure more US and global products on Taobao and Tmall via its June event in
Detroit
Taobao is still an important Gateway to all of Alibaba’s platforms and services for Chinese
consumers
Alibaba is dedicated to eliminating fakes on Taobao. In May 2017, they sued the maker of fake
Wuliangye spirits for RMB 123,000. This is part of a bigger civil and criminal prosecution effort
to remove fakes from Taobao and replace them with only real products.
Tmall
Tmall is Alibaba’s major B2C retail marketplace in China (and soon to be in other markets) that “caters to
consumers looking for well know branded consumer products, luxury products and a premium shopping
experience”. It is also the biggest and most dominant B2C retail marketplace in China accounting for 56.6%
of all retail E-commerce sales- Competitor JD.com trailing behind at 24.0%. The estimated gross
merchandise value (GMV) of B2C E-commerce in China totaled USD $707.5bn in 2016, which is up 23.9%
from USD $572bn in 2015.
Tmall is the primary platform for high profile international brands and retailers to sell directly to Chinese
consumers.
It was originally launched as an offshoot of Taobao, called Taobao Mall. When it was officially spun off
from Taobao it was renamed Tmall.
Foreign brands and retailers can establish a “Flagship Store” on Tmall. The store is the official presence
for the company with Alibaba.
The store is usually built and managed by a specialty company called a “Tmall Partner” or “E-Commerce
Service Provider” (ECSP). The ECSP handles listings, merchandising, customer service, logistics and
relations with Alibaba’s Hangzhou based category and product managers.
Having a flagship store on Tmall is crucial for global brands hoping to succeed in China because:
It is the most important online retail channel to sell directly to Chinese consumers
2
For more on Alibaba’s efforts to deal with the sale of counterfeit and pirated goods on its platforms, see Michael
Zakkour, “U.S. Agency Puts Tao Bao on Notorious Markets List—Here’s Why They’re Wrong,” Forbes.
12. 12
The name and tagline of ‘Official Flagship Store’ is also meaningful to Chinese consumers because
it is an assurance that purchasing there means the product is 100% genuine and safe.
It is essentially a certification/acknowledgement that the brand is big and notable.
Flagship stores are the most popular vehicle for established global brands. Having an official
flagship store on Tmall, or not, is often a benchmark for consumers on whether a brand has a true
and real presence in China and is committed to the market and to serving their wants and needs.
The Tmall marketplace is of vital importance to brands and retailers, consumers, and Alibaba
For Brands and Retailers
Brands and retailers benefit from Tmall not just through sales, but by raising brand awareness in China as
a whole. To wit: Through Tmall, “Bosch is able to efficiently showcase all of its consumer products and
engage a great number of consumers”. Companies like Bosch are also able to leverage Alibaba’s position
as a data company to use big-data-based digital marketing, engage in China’s Internet of Things (IoT), and
to establish Uni-Channel/O2O retailing.
An industry example is Napa Valley winery Robert Mondavi, who has been running their Tmall flagship
store for over six months. Mondavi found that “data provided by Tmall – if analyzed and acted upon-
provided detailed demographic insights and enabled the brand to target customers at multiple price points
and segment its market”. The testimonial from Mondavi reveals that “Tmall is not just simply a transaction
platform… working with Tmall, what we have learned the most is the power of collecting all this data, so
we understand who is buying our wine”. Mondavi is able to determine their consumer profile for all China
retail through Tmall data.
Tmall is not afraid to innovate with its client brands and tries to cooperate and develop customized strategies
that work. For Bosch, Alibaba launched a “cross-category flagship store, the first of its type on Tmall, to
sell all Bosch-branded products and build a holistic brand profile”.
A major attraction of Tmall for international and Chinese brands is the ability to exercise full control over
their own branding and merchandising by operating their own storefront with unique brand identities. This
is especially important for luxury brands wishing to control identity, pricing, experience, messaging and
exclusivity as well as their intellectual property.
As Alibaba Group President, Michael Evans, stated that, “brands maintain control over the entire consumer
experience” including pricing, branding and merchandising; delivery and returns; and data that supports all
critical-decision making on Tmall. Examples of such successful Flagship Stores include Apple, Burberry,
and Estee Lauder”.
For Consumers
To Chinese consumers, Tmall is the epitome of the fine online shopping experience in China. Chinese
consumers associate Tmall with sophistication, quality, authenticity, superior service, and the best brands
in the world. Tmall provides Chinese consumers with experience, selection, price, and convenience.
Convenience is a key in winning the hearts of Chinese E-commerce consumers. If one can purchase the
same goods as at the department store or street level store with a click on the phone and later delivered to
their door, why not? This is why it comes as no surprise that 2016’s “Single’s Day” data shows online
13. 13
shoppers prefer mobile to computers (82 percent of all transaction made were mobile, rising from about 70
percent last year) as people can reach into their pockets and buy on the go.
China has the necessary infrastructure to support an ecosystem like this, but more importantly, it fits tightly
with the lifestyle of Chinese consumers as mobile shopping is perceived to be trendy, fashionable, and
technologically savvy.
In addition, the promise that consumers are buying 100% authentic goods from Tmall also defines the Tmall
shopping experience. In China, counterfeit items are not uncommon. As the lifestyle of the average Chinese
improves with the rise of the middle class, people are increasingly cautious about fakes and WANT -
genuine goods – in no small part to “show-off” status symbols in front of families, coworkers, and friends.
Hence, the Tmall promise that all goods sold on the platform are legitimate attracts many buyers around
the nation. This fact is also a driver toward ‘premiumization’ as consumers are assured that the luxury goods
that they buy are guaranteed by both Alibaba and individual brands and retailers.
Lastly, the reliable service from Tmall is also something consumers value greatly and appreciate. The 7 day
unconditional return policy is unique to the Tmall platform. Returning purchased goods in China, unlike in
the West, is usually a major hassle.
However, with the Tmall 7 day return policy, consumers are given extra incentive to explore and buy.
The combination of convenience, assurance of genuine goods, and implementation of excellent service,
drives consumption on Tmall. The platform has become so pervasive in the lives of the Chinese that most
people start searching on Tmall even if they decide to ultimately buy a product offline.
For Alibaba
As a platform itself, it generates revenue through commissions and advertising and marketing fees. Tmall
is also the primary source of data on how businesses sell to consumers via Tmall Partners.
Tmall, in addition to being a sales and marketing platform works as a data collection and sharing platform
enabled through Tmall Partners.
14. 14
Tmall Global
Tmall Global was launched in 2014 as an extension of Tmall. It is Alibaba’s primary B2C Cross Border E-
Commerce platform. Brands and retailers set up Flagship Stores on Global just as they would on Tmall.com
and the experience for the Chinese consumer is largely the same.
Tmall Global is primarily for big global brands and retailers who want to sell into China but who have not
or are not ready to set up a fully realized business entity and operations in China. Tmall Global would not
be appropriate for Moët Hennessy as the company already has a business in China.
Tmall Global shares many of the same characteristics as Tmall. For instance, Tmall Global also uses
Taobao’s infrastructure and payment system, Alipay (one of Alibaba’s affiliated businesses), so “Chinese
users are familiar with all the services, and the trust mechanism that they have been using for years.”3
Trust has been driving success for Alibaba as customers are guaranteed products sold online are genuine
since Tmall Global, like Tmall, only accepts verified brand and retail stores, which builds customer trust
and ultimately conversion rates. Another advantage, which will be explored in greater depth in the Big Data
section, is that “Tmall and Global have exceptional analytics tools… the daily update analytics and daily
sales reports can help merchants make strategic decisions and compare data against peers in Tmall.”4
While sharing many of the characteristics and traits of Tmall, Tmall Global differs from the operations of
Tmall for brands and retailers, consumers, and Alibaba itself. Brands and retailers selling on the Tmall
Global platform are foreign entities that don’t have local operations in China, in comparison to Tmall,
where all vendors need to be businesses with registered business licenses and trademarks. On the consumer
side, “Tmall Global greatly simplifies the process for Chinese to purchase goods from overseas.”5
This used
to be a troublesome process that consumers had to go through as they had to speak a certain level of English
and also possess a credit card with access to foreign currency, not to mention the long wait time for delivery
that “would take up to 30 days or more, whereas products in Tmall Global are guaranteed to be delivered
within 14 days from overseas or 2-3 days when brands store goods in a bonded warehouse in a FTZ (Free
Trade Zone).”6
Finally for Alibaba, Tmall Global is the most important strategic asset for its cross-border and globalization
initiative. Tmall Global allows Alibaba to further tap into the greater Asia markets through enabling cross-
border e-Commerce businesses. This expansion towards globalization is pivotal to Alibaba’s success in
Asia and the rest of the world.
Part Eight – The Chinese Government’s Role in E-Commerce Development
Government support for E-commerce, retail and consumption in general has been robust, consistent and
ubiquitous in China.
3
Quoted from Misha Maruma’s post on “China’s Tmall Global: Everything You Need to Know”
4
Quoted from Misha Maruma’s post on “China’s Tmall Global: Everything You Need to Know”
5
Quoted from Misha Maruma’s post on “China’s Tmall Global: Everything You Need to Know”
6
Quoted from Misha Maruma’s post on “China’s Tmall Global: Everything You Need to Know”
15. 15
In 2010, the Chinese government released its 12th Five-Year Plan. In it the Chinese government makes
clear that the pillars of China’s growth and prosperity over the first 30 years of the “Opening Up and
Reform” era could not sustain China’s continued growth for the next 30 years.
The key takeaways from the plan, in regard to consumption, and later reiterated and reinforced in the 13th
5 Year Plan (2015):
Low value add manufacturing and exports will not support economic growth and higher standards
of living over the next 30 years
China’s economy must shift to a consumption based model
China’s economy must shift to a services based model
The government will support indigenous innovation in technology (in the form of support for
technology and E-commerce companies)
The government will support retail infrastructure
The government will support the expansion of E-commerce and cross border E-commerce
The government will support small and medium sized enterprises in E-Commerce and their efforts
to sell their products and services to a global customer base
Additionally the government has supported the establishment of Free Trade Zones (FTZs) that encourage
foreign direct investment, cross-border e-commerce and expanded retail activity.
The benefits of the FTZs for U.S. companies engaged in a number of business categories in China and
especially with regard to cross-border E-commerce include:
Choosing a virtual office instead of a real one;
Procedures registering in a FTZ are much quicker and easier;
Less – or no – (import/export) taxes;
Easier conversion from RMB to foreign currencies;
Special customs monitoring system:
o Detailed customs clearance is only needed in a later stage;
o Faster custom clearances of goods;
No import tax when imported into the FTZ;
Bonded warehouses;
Broadening of investment horizons.
For cross-border E-commerce this means that U.S. brands and retailers can ship goods to a FTZ, and store
them in a bonded warehouse without the goods having to pass through customs. When an online shopper
orders a product from Tmall Global or JD Global, the third party logistics provider managing the
distribution center picks and packs the product, fills out an individual customs forms and send the product
to the customer.
Cross-border E-commerce and the FTZ’s mean that small and medium sized businesses who want to sell
to Chinese consumers do not need to establish a business entity in China, pay taxes in China, or hire
employees in China.
Also, China does not charge customs fees on products/packages delivered via cross-border commerce into
China with a worth less than RMB 800 ($120).
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Part Nine – Opportunities for U.S. Businesses to Sell to Chinese Consumers Through E-commerce
American companies, including those in the business to consumer, and business to business categories, are
already engaged with selling to China via E-commerce. Many of them are realizing top-line and bottom
line growth by doing so. Companies like NIKE, Apple, Gillette, Proctor and Gamble and COSCTO are all
running successful E-commerce businesses in China by selling through Alibaba and JD.com platforms.
U.S. companies have only begun to scratch the surface of the opportunity that Chinese consumer and
Chinese E-commerce represents. To date most engagement with Chinese E-commerce has been limited to
only the largest U.S. companies. This was due to the cost, investment needed, and formerly restrictive legal
and regulatory environment in Chinese E-commerce as well as the initial focus from Chinese E-commerce
marketplaces on mostly multi-national companies.
This is no longer the case. Chinese consumers and Chinese E-commerce operations are now open to a wide
array of companies across all categories. There is an entire ecosystem of technology, logistics, strategy, and
software service providers in the U.S. and China focused solely on enabling U.S. companies to sell to
Chinese consumer through E-commerce either in China or cross-border.
It is in the best interest of the United States and its businesses that further efforts are made at in the public
and private sectors to help enable more U.S. companies to sell to Chinese consumers.
Chinese consumers are the most important new consumer class in the world. There are 800 million of them
in China, and another 200 million living outside of China. Their preferred and primary channel of
consumption is E-commerce. American companies can no longer consider themselves serious international
players without planning for and engaging Chinese consumers through E-commerce.
Further, China’s biggest E-commerce players are rapidly expanding into South East Asia, India and other
developing markets. But engaging with these major players the door to not only China is opened but the
entire developing world.
The following are key opportunities that U.S. companies should be taking advantage of with support from
federal, state and local governments.
Multinational U.S. companies should be selling on Alibaba’s Tmall where they can manage and
operate a flagship store. The Tmall flagship is the most visible online presence a U.S. company can
have in China and is the key vehicle for sales, brand positioning and marketing.
Multinational as well as small and medium sized enterprises should be selling on Alibaba’s Tmall
Global, the primary vehicle for selling cross-border and which allows direct access to Chinese
consumers without the need for a Chinese business entity.
Entrepreneurs, small businesses, farmers and agricultural concerns should sell to Chinese
businesses and consumers through Alibaba’s B2C and B2B platforms designed specifically for
their needs.
Multinational and small and medium sized enterprises should be selling on JD.com. JD operates
on a more traditional wholesale/retail model. U.S. companies sell their products to JD and then JD
owns, merchandises, sells, the products directly to Chinese customers.
Multinational and small and medium sized enterprises should sell on JD Global for cross-border.
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B2B – Alibaba and JD, as well as others have launched several E-commerce platforms to enable
B2B and B2B2C commerce between the U.S. and China. Taobao Global and Alibaba Direct Import
are the two most prominent platforms.
U.S. companies should transform their operations, strategies and expansion for a world where
CHINA/DIGITAL & CROSS-BORDER/SUPPLY CHAIN/FINANCIALIZATION are the four
major mega trends shaping all aspects of national and international business.
Challenges U.S. retailers and brands face in China’s E-commerce market:
Need for more consistent IP enforcement. IP protection is the most common concern faced by
multinational retailers and brands operating in China, including sales through E-commerce
channels.7
While the Chinese Government has ample laws regarding IP on the books, enforcement
efforts have at times been uneven. One bright spot is Alibaba’s massive effort toward solving IP
issues on its Taobao C2C platform. IP issues are not a major concern on Tmall as the stores are
owned and operated by the brands and retailers themselves. Alibaba’s TaoProtect program and its
aggressive moves to bring civil and criminal charges against IP infringers are already showing
results.
The key in fighting infringement in China can only be overcome by a coalition effort from
government, marketplace and brand action. Jointly setting up policies and controls for copyright
and trademark protection and ensuring early registration of patents and trademarks in China are
key to ensuring brand and product integrity. One successful case study we can point to is the UK-
China Copyright Protection effort. Twenty leading British brands have participated in the initiative
which includes being involved in regular roundtable meetings with Alibaba and flash sales
initiatives to promote the brand story and educate consumers towards product authenticity, etc.
Regulatory uncertainty. In its effort to continually spur economic growth and to ensure stability in
the country’s business and financial markets, the Chinese government is in a constant cycle of
experimentation with laws and regulations. In my decade and a half in China this has been the
number one frustration for the executives and companies I have worked with. Laws and regulations
can change frequently and without warning. This makes long-term planning difficult at times. From
population control and property ownership, to emerging trends such as E-commerce, the
government is trying to stay ahead of and cope with change. There are upsides as well as downsides
to uncertainty though.
As for e-commerce, while the regulatory development stage is still somewhat immature, there has
been much positive movement from the government to increase cross border E-commerce with the
aims of better regulating the marketplaces, improving consumer safety, and enhancing domestic
consumption.
7
It should be noted that IP protection is a major concern for E-commerce the world over. A recent study showed that
1 in 4 of all movies and DVDs sold on Amazon are fakes and Nike and Adidas have had major issues on the big South
American marketplace Mercado Libre.
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Like many regulatory changes the recent regulatory upgrades in E-commerce (including the new
“positive list”) are viewed as not only benefiting domestic cross-border E-commerce platforms like
Tmall Global or JD.com but also to give time and room for the key supply chain stakeholders
including the Chinese government to prepare and align themselves on standards and procedures,
especially for products in need of greater health and safety regulation.
Hometown Heroes and Indigenous Innovation. The Chinese Government has implemented a
number of indigenous innovation policies in recent years that favor some domestic companies in
regard to the development of new technologies, business models and market access. In addition the
Chinese government is focused, as any government would be, on promoting best in class companies
to be not only market leaders in China but globally. These issues must be navigated with delicacy,
care and focus, especially in the new technology sectors.
Product specific issues. To successfully sell in China requires a clear strategy of go global and go
local (“glocal”). From labeling, spec detailing, to testing and product registration as well as
branding and marketing, requirements can be very complex and costly. While selling to China
through cross-border E-commerce does not require legal entity setup, U.S. brands and retailers who
want to be successful in this regard require a dedicated team and focus to satisfy the requirements
to successfully build a brand and sell it in China. Companies with long-term plans and focus in
China have been successful and the rewards generally exceed the efforts and investment made in
the long run.
U.S. companies now have greater access to the China market than ever before, but as stated earlier,
the right strategy, and structure must be built before implementation. While some significant
barriers to entry and success still exist there is more than abundant proof that with the right
products(s), right strategy and right investment, China’s Super Consumers and the E-commerce
channels they prefer to buy through present the greatest opportunity for expansion, growth and
profitability for American brands, retailers and service providers on the international stage.
Increased private and public sector partnerships can and should play a key role in U.S. companies engaging
Chinese consumers and integrating China into their global E-commerce structure. Some recommendations
to help improve market access, awareness and deployment include:
Initialize a high level round of negotiations on cross-border E-commerce between the United States
and China to: 1.) Better define what barriers actually exist to greater market access to China via E-
commerce and vice versa. 2.) Define new terms on trade rules, regimes and remedies that have not
been adequately addressed since China joined the WTO almost 20 years ago. 3.) Define and
negotiate new bilateral and regional trade agreements with a focus on E-commerce; cross border
commerce; rules of the road for data and technology transfers; and intellectual property protection.
Educate and empower national, state and local chambers of commerce to provide education,
resources, grants and support for U.S. companies who need help in redefining themselves for
Globalization 2.0/Digital Paradigm success and to promote the opportunities they have in selling
to Chinese consumers, Asian consumers and developing market consumers via cross border
commerce.
19. 19
Work with Amazon to better understand their ongoing globalization efforts and what they can do
for U.S. companies seeking customers in China and beyond.
Standardize product information and classifications for all key supply chain stakeholders in the
U.S. and China markets – one example is the strategic cooperation between Alibaba and GS1
Australia through a signed memorandum of understanding to formalize, promote, and strengthen
online trade between China and Australia
Seamless cross-border E-commerce trade rules – a recent example being the Malaysia Digital
Economy Corporation signing an MOU with Alibaba and the Hangzhou Municipal Government to
establish an electronic World Trade Platform (eWTP). The platform offers SMEs easier access and
easier procedures for customs clearance, inspection, and permit issuance for their cross-border e-
commerce trade with China
Support of the U.S. Country Pavilion on Tmall to support Chinese consumer education on
American product quality and authenticity. For example, the Denmark Ministry of Foreign Affairs
signed an MOU with Alibaba to help increase exports and strengthen cooperation on anti-
counterfeiting as well as IP protection
Work directly with Chinese marketplaces in a multipronged effort at combating fraud. Minimizing
IP infractions will take a coalition effort by businesses, brands, marketplaces, and U.S. and Chinese
government agencies.
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Appendix of Graphs, Charts, and Visualizations
Figure A: The Four Current E-Commerce Models for International – All Overlayed by Cross-
Border E-Commerce
Figure B: Global E-Commerce Sales 2013-2017
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Figure C: Total E-Commerce Sales – U.S. and China
Figure D – Alibaba’s Businesses
Figure E - Amazon Leads in Developed Countries through Local Presence and Operations
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Figure F – Alibaba’s Business Units and Ecosystem
Figure G – Cainiao, The Largest Logistics Network in China