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.
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 ...
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 ...
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.
Gaining grounds: How Kopi Kenangan brews beans into big business
Jun 8, 2020 — Tirtanata and Prananto hired a staff of five, starting with just IDR 250 million (USD 16,900) in capital from angel investors. Three of those first five consumer-facing employees are still with the company; two manage their own stores, while another is a regional manager today. On its first day of business, Kopi Kenangan sold 700 cups of coffee.
‘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.
KrASIA | Spotlighting Asia’s next wave of innovations
Localization is key: Riding Indonesia’s e-commerce wave amidst social media boom. Inside the shopper’s mind: Exploring consumer behavior in Indonesia’s e-commerce landscape. SUTD concludes ESG Masterclass series with focus on social impact. Local perspectives on the risks and opportunities in Southeast Asia.
Transsion taps on Africa expertise to challenge smartphone rivals …
Dec 8, 2023 — Transsion has maintained a relatively stable market share in Africa, which has hovered around 40% in the past two years. Beyond the continent, Pakistan and Bangladesh have also emerged as key markets for Transsion, with market shares of 37.9% and 21.5% respectively in 2022. These regions form the cornerstone of Transsion’s smartphone shipments.