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“Wanghong”, Everyone could be in China?! read more
Sep-14th-2016 | Post by expatree

It’s reported that the overall size of the Wanghong economy is growing as cyber stars are going beyond the fashion industry and into online gaming, travel and baby products since 2015. “Wanghong(网红)”, another named “Internet celebrity”, or “blue-eyed boy on the internet”, different from stars and celebrities, this group is touchable through a variety of video live shows on the internet, to meet the tastes of younger netizens. To our interest, “Wanghong” is not far away from expat residents in China, because some expats have been a member of this list.

“阿福Thomas”a German chap married with a Shanghaiese girl, his selfie cosplay video about wife’s family was surprisingly favored by many local Chinese, receiving strong attention from various media and achieving invitation with many television programs. This big incentive encourages Thomas going on the track of professional “Wanghong” then.
 
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Finally, Uber China has to be compromised with capital game read more
Aug-5th-2016 | Post by expatree
 
The big news that Uber China eventually agrees to accept a buyout proposal by Didi (滴滴), a local taxi calling application. Before Didi has absorbed another local competitor, Kuaidi (快滴), now it turns to be in charge of all Uber business service in China. This story becomes true even if two companies always denied this kind of rumor several months ago. To our opinion this is a vivid lesson telling an embarrassed picture of problems foreign innovative companies now face in China. Of course, this results in a diversity of mixed public opinion.
 

Obviously a few Uber staffs are not excited with this merger anymore, quoted from some staffs saying, We are young and we eager to win this battle. But sadly they have not tried all efforts by chance suddenly have to accept a final result. In most public mindset, Uber always gives “out of box” surprise rather than other competitors, no matter in marketing promotion, or in user experience of product aspects. E
Tax changed in Cross-border e-Commerce of China, nightmare or new opportunity? read more
Jul-27th-2016 | Post by expatree

Since April 8, 2016 new tax rate of Cross-border e-Commerce brought amounts of public attention, the hottest topic is “more expensive or cheaper” has to be paid for cross-border products. Because “50 RMB tax free” is cancelled, this perks disappear means lower unit price suddenly becomes a disadvantage that no one would buy it. Generally speaking the actual payment affected by new tax rate, still depends on product category. Simply put a word, there is a comparison table for a reference,


First of all, a whole picture of retail pricing in cross border ecommerce platform is changed from low to high level, it’s estimated average 15% to 50% increase at each product. Take advantage of old tax benefit, FMCG products such as baby formula, baby diapers and low-end cosmetics etc. occupied most market share, short product lifecycle and high repurchase rate generate huge visit traffic, results in higher GMV sales volume compared to other product categories. However,
Interesting Question? Tmall or Tmall Global, who is a representative of China e-commerce to world? read more
Jul-8th-2016 | Post by expatree
In China Alibaba group shows the strength on B2C e-commerce retail business thanks to his online weapon, taobao.com and tmall.com these two platforms. Take advantage of the benefits of cross-border e-commerce policy by China government, Alibaba soon built up another online platform, “Tmall Global” towards to worldwide audience. Not satisfied with the domestic leadership, a bigger ambition shows Alibaba is trying to connect the world and get occupied oversea market share as much as possible.
 
Unfortunately Tmall Global’s current achievement is below public expectation although Alibaba did a huge advertising investment on both local and foreign market. “Local registered entity is not required in China” such kind of idea sounds interesting for foreign brand supplier to have a tryout, but Tmall Global still faces a big challenge issue, in additional to the ambiguity fact data on its sales performance, not transparency at all. On the other hand, compared
How Cloud Accounting Benefits Your Business in China read more
May-7th-2016 | Post by Kangming

With the rapid development of China’s economy, foreign direct investment in China has continued to rise in line with economic growth, reaching nearly USD 120 billionin 2015. While it’s tempting to invest in China, there might be barriers and headaches to manage your business, especially when you want to free yourself from accounting administration activities and focus on growing your business. With cloud accounting software, your financial advisor and you can access your business data on a real-time basis, making it easier for you to stay focused on what matters most.

1. Making virtual CFO service feasible

In order to run your business well in China, it’s significant that you have a qualified CFO who is fluent in English, has an in depth understanding of China business compliance and tax systems, and is able to help you better manage the internal control process. In China, it’s especially hard to find the CFO who can meet all the above requirements within the b
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