This tag is associated with 8 posts

Why Bitcoin Is A Good Idea For Brazil

Things are not looking good for Brazil’s Real – news articles flooded with reports of a ten-year low of the Brazilian currency against the US dollar. After a turbulent presidential election and international oil prices hike, those factors finally hit the country’s economic very hard. Having said that, could bitcoin be a good way to … Continue reading

Why Are Chinese Companies Going Abroad?

Originally posted on Frontier Market Strategy:
We know Chinese firms are expanding overseas at an unprecedented rate, but what is driving them them to do so? It is well established that Chinese companies are investing abroad in ever greater numbers, but many would question the reasoning for this when China remains a booming market, enjoying…

Alibaba Group Holding Ltd (BABA) Strengthens Cloud Computing With Government Deals

Originally posted on Cloud News Asia:
Treading on new territory, Alibaba Group Holding Ltd. stock has been hovering in negative territory year-to-date. Reuters reports, according to experts, Alibaba’s ambitious expansion plans are paving way for an upward trend. Although Alibaba’s cloud computing service Aliyun is new, it has found a support system in the Chinese government. Alibaba…

Russia’s E-commerce: After Alibaba’s Expansion, Now China’s Enters The Market

“Chinese online retailer (Jingdong Mall) has chosen Russia as the first overseas market for its expansion, said company’s official Victor Xu. The firm aims to become an e-commerce leader in the Russian market within five years,” RT reports. “At the beginning we plan to provide Russian consumers with the best Chinese goods. And later … Continue reading

China’s Alibaba Looks To Expand In Latin America

“Online trading giant Alibaba has expressed interest in doing business in Latin America with a particular eye on Mexico, Brazil and Argentina,” the China-based e-commerce company said in Mexico City on Saturday, Xinhua reports. Chinese consumers are eager to obtain Latin American products, especially fresh produce such as Mexico’s avocado, Sherri Wu, head of Alibaba’s International … Continue reading

China’s Alibaba Opens Operations In Russia

Chinese e-commerce giant Alibaba Group has opened an office in Russia. The company is already present in the country via its online store AliExpress, which is the most popular online shop in Russia, International Business Times Reports. “Alibaba Group has established a new company in Russia in order to further expand our business and support partners, … Continue reading

China Reduces Import Tariffs To Boost Consumer Demand

“China will cut import taxes on consumer goods by more than 50% on average in a bid to boost consumer spending,” BBC reports. Chinese consumers started shopping abroad due to very high tariffs on imported goods. In order to boost domestic demand, Chinese officials are aiming to lower the taxes. The tariff reduction is an … Continue reading

Chinese Shoppers To Outspend US By 2018

China is poised to outstrip the US as the world’s largest retail market by 2018, with online purchases quickly replacing conventional shopping, according to PricewaterhouseCoopers (PwC). China’s retail market is expected to be worth $10.3 trillion by 2018, compared to the $5 trillion in sales projected for North America. The PwC report looks at the … Continue reading

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