The top Chinese short-video apps in 2020 vying to grab your
Apr 1, 2020 · By number of MAU, the nine Chinese short-video apps are Douyin (550 million), Kuaishou (490 million), Xigua Video (270 million), Douyin Huoshan (170 million), Weishi (120 million), according to data provider Questmobile. Other popular apps, according to different data and sources, are Haokan (69 million as of June 2019 ), Quanmin (16 million as ...
After 33 years, McDonald’s is finally accelerating its ... - KrASIA
Feb 14, 2024 · After 33 years, McDonald’s is finally accelerating its expansion in China. Written by KrASIA Connection Published on 14 Feb 2024 5 mins read. McDonald’s wants to boost its presence in China from 6,000 to 10,000 stores by 2028, but faces competition from another global fast food chain with a broader footprint. 2023 marked a year of rapid ...
From roadside stand to a global franchise: The rise of Mixue
Jul 25, 2023 · In the summer of 1997, Zhang Hongchao, armed with a meager capital of RMB 3,000 (USD 460), embarked on a journey that would lead to the creation of Mixue Bingcheng, a global chain of fresh ice cream and tea stores.Zhang Hongchao, together with his younger brother Zhang Hongfu, evolved from running a roadside ice stall in Zhengzhou, a city of 10 million people, to commanding a business empire ...
Inside PDD, China’s e-commerce titan behind Temu and Pinduoduo
Jan 13, 2024 · The share surge made Colin Huang, the 43-year-old founder of PDD, the second-richest man in China, with a net worth of USD 52.3 billion as of December 18, 2023, according to Forbes. PDD’s rise in an already packed e-commerce market has delivered a wake-up call for both investors and established domestic rivals Alibaba and JD.com.
‘Stay hungry, stay foolish’: How Forrest Li built the ... - KrASIA
Mar 24, 2022 · In 2010, after a string of meetings with Pony Ma, co-founder and CEO of gaming giant Tencent, Li secured the exclusive publishing rights of global hit title, League of Legends, in Southeast Asia.Not long after, Tencent also handed over to Garena the publishing rights for three other popular games in the region, namely Honor of Kings, Crossfire, and WeFire.
Inside Tokopedia, the Indonesian e-commerce company offering
Mar 22, 2021 · Right now, Tokopedia’s major rival is undoubtedly Sea Group’s Shopee, which is now the leading e-commerce portal in Indonesia and continues to widen the gap in monthly active users. By the end of 2020, it had a comfortable lead of 15 million over Tokopedia. Shopee surpassed Tokopedia in monthly web visits in Q4 2020.
The top six Chinese coffee companies in 2020 bringing caffeine
Apr 16, 2020 · The company currently has over 4,300 locations nationwide as of December 2019, and it is aiming for 6,000 locations by 2022. The companies keeping China caffeinated. Among the new coffee companies in China that have joined the race to challenge Starbucks, Luckin is the most well-known, with more than 4,500 stores as of December 2019.
Bilibili lands in Thailand, Malaysia in streaming race against
Dec 29, 2020 · Chinese video platform Bilibili has launched localized services in Thailand and Malaysia, marking the company’s first landing in Southeast Asia as it joins the race for eyeballs against Chinese peers Tencent and iQiyi, as well as global streaming platforms like Netflix and Disney. “The app is the official Bilibili standalone application in ...
The future of agrifood tech in Southeast Asia: Agriculture in the ...
Apr 20, 2022 · Southeast Asia is poised to become a key market for agritech investment as consumers and businesses in the region go online at a rapid pace. According to AGFunder, agrifood tech startups globally raised USD 51.7 billion in 2021, almost double the USD 27.8 billion raised in 2020. As agritech solves the challenges of agriculture and food ...
What’s next for Alibaba’s Lazada after the recent layoffs?
Jan 16, 2024 · Lazada, the primary e-commerce platform of Alibaba Group in Southeast Asia, has been the talk of the town since the turn of the year. On January 3, as first reported by The Edge, the company announced that layoffs were imminent, with at least 100 employees set to be retrenched.Observers surmised the move to affect a much larger proportion of Lazada’s employees, with up to 30% of its entire ...