‘Stay hungry, stay foolish’: How Forrest Li built the ... - KrASIA
WEBMar 24, 2022 · ‘Stay hungry, stay foolish’: How Forrest Li built the biggest internet company in Southeast Asia. Challenges leaves Sea Group at a crossroads.
The top Chinese short-video apps in 2020 vying to grab your
WEBApr 1, 2020 · Within this hyper-competitive industry, apps have come up with all sorts of distinct features and strategies to give their products an edge. From offering cash rewards to users for watching videos, to karaoke functions and built-in video editing, the world of Chinese short-video apps is a microcosm of experimentation in user experience.
From roadside stand to a global franchise: The rise of Mixue
WEBJul 25, 2023 · The story of how the Zhang brothers transformed a humble ice shop into a franchising empire with over 18,000 stores worldwide. 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 …
After 33 years, McDonald’s is finally accelerating its ... - KrASIA
WEBFeb 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 ...
Transsion taps on Africa expertise to challenge smartphone
WEBDec 8, 2023 · Transsion taps on Africa expertise to challenge smartphone rivals in emerging markets. Having built a strong foothold in Africa, the Chinese smartphone maker is looking for new frontiers to replicate its success. Marked by a consistent decline, 2023 has been a challenging year for the global mobile phone industry.
Xiaohongshu: Can China’s wildly popular app raise its profit
WEBAug 1, 2024 · The platform reached its peak valuation of USD 20 billion in a fundraising round led by Temasek and Tencent in 2021, but that has declined recently. HongShan, formerly Sequoia China, invested in Xiaohongshu at a valuation of USD 14 billion in September last year. The Financial Times reported this month that Xiaohongshu recently arranged stake ...
TikTok breaks new ground in Southeast Asia with local services pilot
WEBJul 16, 2024 · With a stronghold in e-commerce, TikTok has launched a pilot for local services in Southeast Asia, beginning with Indonesia and Thailand.
The top six Chinese coffee companies in 2020 bringing caffeine
WEBApr 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.
Kitabisa ‘connects kindness’ in Indonesia: Startup Stories - KrASIA
WEBMay 20, 2020 · There are more than 267 million people in Indonesia. We can make a great impact on society if we are connected to each other to do good.”. This article is part of KrASIA’s “Startup Stories” series, where the writers of KrASIA speak with founders of tech companies in South and Southeast Asia. Kitabisa has collected USD 10 million in ...
Meet BBK, the world’s largest phone maker that you’ve ... - KrASIA
WEBMar 4, 2021 · The Chinese media has pinned different labels on Duan Yongping, the founder of BBK Electronics. To many, he's known as the "godfather of the Chinese smartphone industry." To the western world, BBK is nearly an unknown name, yet, it was instrumental to the rise of five globally best-selling smartphone brands—Oppo, Vivo, Realme, OnePlus, and Iqoo.