There are three things to know: digitalization, consolidation, and Alibaba.
Alibaba’s annual Singles Day brings in billions of revenue every year. Its mascot matches the literal meaning of TMall’s old name, “sky cat,” and can also be spotted in the company’s logo. Credit: Alibaba Group
Retail in China has been defined by two trends: the rapid growth of e-commerce and market consolidation. The share of the market controlled by the country's ten biggest retailers has nearly doubled since 2008, and the three largest retailers all run operations that are primarily online.
Though the United States remains the world's biggest market for retail sales, China is the largest e-commerce market, accounting for nearly half the world's retail e-commerce sales, according to McKinsey
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Chinese-operated vessels regularly ply Taiwan’s waters and visit its ports, while one of Beijing’s state-owned enterprises operates berths at the island’s biggest harbor through a Hong Kong subsidiary. Both are national security risks that the island’s government is beginning to address.
The scholar discusses why the two countries have never achieved a steady state in their relationship, the reasons behind the collapse of Engagement, and his own recommendations for American policy on China.
Navigate China's Business Landscape with Confidence.
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