Melanie's Feed
Jul 26, 2013

Insight: How Samsung is beating Apple in China

GUANGZHOU, China/SEOUL (Reuters) – Apple Chief Executive Tim Cook believes that “over the arc of time” China is a huge opportunity for his pathbreaking company. But time looks to be on the side of rival Samsung Electronics Co Ltd, which has been around far longer and penetrated much deeper into the world’s most populous country.

Apple Inc this week said its revenue in Greater China, which also includes Hong Kong and Taiwan, slumped 43 percent to $4.65 billion from the previous quarter. That was also 14 percent lower from the year-ago quarter. Sales were weighed down by a sharp drop in revenues from Hong Kong. “It’s not totally clear why that occurred,” Cook said on a conference call with analysts.

Jul 26, 2013

How Samsung is beating Apple in China

GUANGZHOU, China/SEOUL, July 26 (Reuters) – Apple Chief
Executive Tim Cook believes that “over the arc of time” China is
a huge opportunity for his pathbreaking company. But time looks
to be on the side of rival Samsung Electronics Co Ltd
, which has been around far longer and penetrated
much deeper into the world’s most populous country.

Apple Inc this week said its revenue in Greater
China, which also includes Hong Kong and Taiwan, slumped 43
percent to $4.65 billion from the previous quarter. That was
also 14 percent lower from the year-ago quarter. Sales were
weighed down by a sharp drop in revenues from Hong Kong. “It’s
not totally clear why that occurred,” Cook said on a conference
call with analysts.

Jul 7, 2013

Fearing contamination, Chinese pay more for imported infant goods

SHANGHAI, July 7 (Reuters) – Sophie the Giraffe is a
teething toy taking over the world one baby mouth at a time. The
toy, handmade in France from Malaysian rubber sap, is the rage
for parents of toddlers the world over, including China.

But the knobby chew toy is priced around $30 in China,
nearly three times the price in France. It’s not a shock for
Chinese parents, who have long lived with imported baby products
that are sharply more expensive than elsewhere in the world.

Jun 7, 2013

Huawei smartphones: where Hollywood meets Silicon Valley

CHENGDU, China (Reuters) – Guo Ping, current CEO of Huawei Technologies Co Ltd, the world’s fifth-largest smartphone maker, reckons the Chinese firm’s phones are unbeatable in terms of hardware, and pours water on market distinctions between high- and low-end models.

Huawei, probably better known as a leading telecoms gear maker under fire from U.S. politicians over its potential links to the Chinese state, is looking to drive sales of its consumer devices, but is hobbled by not having effective consumer retail channels. Traditionally, it co-brands its devices with carriers.

Apr 30, 2013

Luxury shopping firms bet on casino approach in China

SHANGHAI, May 1 (Reuters) – With flagging sales in their
mainland stores and increasingly price savvy consumers, luxury
companies are taking a leaf out of casinos’ play books by
offering junkets to wealthy Chinese clients eager to splurge in
their Hong Kong stores.

For companies like PPR and LVMH, who
have spent the past few years building stores across China, the
shift toward overseas spending is forcing them to adapt their
strategy in China to the tune of: if you can’t beat them join
them.

Apr 26, 2013

Baidu foresees rising costs as competition heats up

April 25 (Reuters) – Baidu Inc, China’s largest
search engine, will increase marketing expenditures for the rest
of the year to counter competition from rival Qihoo 360
Technology, which may further put the brakes on profit
growth.

Baidu posted on Friday its slowest quarterly profit growth
since end-September 2008, citing a rise in traffic acquisition
costs, or what a search engine pays to partner websites and
software applications to show its search box or results.

Apr 23, 2013

Alibaba pledges to combat fake goods on its shopping portals

HANGZHOU, April 23 (Reuters) – Alibaba Group Holding Ltd
, China’s largest e-commerce platform, said it will
commit “as many resources necessary” to stop the sale of pirated
goods on its Taobao shopping portals, where transactions
exceeded $161.7 billion last year.

The company said its incoming chief executive would join a
task force to combat piracy on its platforms.

Apr 20, 2013

China’s 2020 consumer is in a town you’ve never heard of

ZHENGZHOU/CHONGQING, China (Reuters) – Wearing a floral brocade cardigan and toting a Huawei smartphone, Guo Qian, 22, gushes over her latest purchases on Taobao, China’s largest e-commerce platform. As an administrative worker, Guo makes only 3,000 yuan a month and spends most of it.

Not only does she spend nearly all of her own money, Guo also fritters away most of her father’s 1,000 yuan monthly pension on trinkets and clothes on Taobao. “Sometimes I feel guilty using his money, so I buy him some clothes.”

Apr 18, 2013

Insight: China’s 2020 consumer is in a town you’ve never heard of

ZHENGZHOU/CHONGQING, China (Reuters) – Wearing a floral brocade cardigan and toting a Huawei smartphone, Guo Qian, 22, gushes over her latest purchases on Taobao, China’s largest e-commerce platform. As an administrative worker, Guo makes only 3,000 yuan a month and spends most of it.

Not only does she spend nearly all of her own money, Guo also fritters away most of her father’s 1,000 yuan monthly pension on trinkets and clothes on Taobao. “Sometimes I feel guilty using his money, so I buy him some clothes.”

Apr 18, 2013

INSIGHT: China’s 2020 consumer is in a town you’ve never heard of

ZHENGZHOU/CHONGQING, China, April 19 (Reuters) – Wearing a
floral brocade cardigan and toting a Huawei smartphone, Guo
Qian, 22, gushes over her latest purchases on Taobao, China’s
largest e-commerce platform. As an administrative worker, Guo
makes only 3,000 yuan a month and spends most of it.

Not only does she spend nearly all of her own money, Guo
also fritters away most of her father’s 1,000 yuan monthly
pension on trinkets and clothes on Taobao. “Sometimes I feel
guilty using his money, so I buy him some clothes.”