CIMK Chinese Premier Li Keqiang delivered a report on the government’s work on 5th March at the opening session of the fifth session of the 13th National People’s Congress. As could be noticed from the speech and media reports, China is committed to a sustainable market economy and wants to…

Summary The ownership and sale of NFTs are very heavily regulated in China, and the entire industry is facing very strong regulatory backlash. Does this mean that NFT is entirely dead in China and no one is exploring the potential of the technology? -> No, of course not. There is also…

Executive Summary China is the second most important market (19% of all stores) for Starbucks after its US market. In Q4 2021, Starbucks’s China store sales are showing a decrease of 7%. Starbucks says that it is expecting to be down by 10% based on its last two-years comparison figures in Q4. …

Metaverse in China: Executive Summary The Metaverse is an exciting topic discussed on Chinese social media sites, but comparatively less than on International social media platforms such as Twitter. Most opinions are optimistic about the Metaverse, but there are also many neutral posts that introduce and explain this new technology instead. Several Chinese companies’ Metaverse…

Executive Summary This week most of the automotive companies released their October sales numbers. NIO was particularly disappointing as it sold only 3,667 vehicles. Other companies continued to grow their sales despite the chip shortage. Negative headlines continued for FAW Haima Automobile, with further problems with its accounting scandal, and Tesla, which…

Executive Summary This week we had a lot of news in the battery industry. First, Tesla has ordered a huge amount of batteries from CATL, then BYD Battery has announced a 20% price increase due to rising raw material prices. Besides that, Jiangling Motors Corporation also released its Q3 earnings, and Li…

Executive Summary Geely launched their new premium brand Zeekr 001. BMW took over more parts from their joint venture partner Brilliance Motor. The XPeng Motors CEO, He Xiaopeng, is very optimistic about the future. Also, they had their XPeng 2021 TECH DAY. The most prominent attention in social media went to the…

Executive Summary There was no significant shift in data amount or sentiment about a company in the last seven days, and we didn’t see a significant outlier. NIO, Porsche, Geely Automotive, and BMW were discussed the most on social media. Porsche’s posts received the most likes, comments, and retweets. Chinese retail investors…

Alibaba Group provides online and mobile commerce businesses in China and internationally. The company was founded in 1999 and is based in Hangzhou (China). Alibaba is much broader than most people assume and can be seen more as an eCommerce conglomerate. They provide the technology infrastructure, marketing reach, and logistics…