Being one of the fastest expanding economies in the world, China’s growth is echoed in the online market. According to China’s National Bureau of Statistics, Chinese consumers spent $750 billion online in 2016—a jaw-dropping number and more than the US and the UK...
The Internet has now completely changed the way people buy and sell goods. Do you remember how people bought airplane tickets and booked hotels offline? The idea of E-commerce was only introduced a few decades ago. However, it is now so deeply penetrated in every...
Free Trade Zones (FTZ) and Special Economic Zones (SEZ) are hot in China. Foreigners have high expectations of these zones, without knowing exactly what they are. In our previous article, What Are Free Trade Zones, we wrote about the benefits of the FTZ’s. Special...
Without exception, our customers that just came to China or those have recently set up, have questions regarding invoice versus fapiao. Time and time again, these (in)famous documents confuse foreigners. To make it even more confusing: fapiao (发票) is the literal...
Many things in China, like signing a contract as the owner of a business, happen differently than in any other country. For example, an employee within a Chinese company can sign official documents using the company “signature”. This is due to the fact that...
Written by Adam Armytage If Mark Zucherberg can successfully lobby Chinese officials and re-launch Facebook in China, the real question is, can Facebook compete against Chinese competitor WeChat? Mark Zucherberg met with President Xi Jinping at the US-China Internet...
