Eddie Stubbs’ Post

How are Chinese tech giants doing? 🇨🇳🚀 Let's take a look at the latest quarterly report to see how these major industries are performing.👇 Some highlights below. 1️⃣ E-commerce E-commerce giants saw a 28% revenue increase, with JD and PDD outperforming expectations, though Alibaba fell slightly short. The outlook is promising as China's consumer recovery could expand due to policies encouraging upgrades of larger goods like appliances and furniture. 2️⃣ Travel  Travel revenues surged by 108% in the fourth quarter, driven by increased consumer spending and a rise in travel bookings ahead of CNY. During the holiday week, domestic tourism spending jumped nearly 50%, leading to more than double the revenue for Trip. 3️⃣ Live Streaming  Live streaming revenues rose by 14% in the fourth quarter, with East Buy notably increasing the gross merchandise value of goods sold through its streams by over 30%. 4️⃣ Gaming Gaming revenues increased by 7% as the initial impact of reopening and NetEase’s termination of its partnership with Activision faded during the quarter. 5️⃣ Social Media Social media platforms’ revenues grew by 6%. Tencent’s overall performance was slightly below expectations due to regulatory impacts on gaming in-app purchases, but its social media advertising business had a strong quarter. The implementation of new technologies like AI in content targeting is expected to boost profit margin. What's your take on the big picture this quarter? 🧐👇 Check out more insights in the report below. 👇 Link to download in the first comment. Kudos to KraneShares for putting this together. ——— #china #economy #internet Insights via KraneShares ❗️ Engage in future-forward China tech conversations. Drop me a message to learn more about our China tours.

Reflections After My Business Trip to China: Key Takeaways 1. Companies like Alibaba, Ant Group, TikTok, Pingpong, and others have risen to global prominence by focusing on serving the global e-commerce market. *Big market, big players!* 2. These companies are not only incredibly large but also impressively well-organized. Despite their success, they continue to work tirelessly. Their offices are always lit, and employees are well-cared-for, ready for the demanding 996 work schedule. 3. The global e-commerce market continues to grow rapidly, presenting massive opportunities. Top-tier Chinese companies now view Vietnam as a key strategic partner in their global expansion plans. It’s remarkable to see how even the biggest corporations in China continue to evolve and adapt in just a single year. We’re on the right track. Time to get back and keep grinding! #LearnByGoing #China #GlobalEcom

Singapore's buzzing with news this week! From a stock market surge to Grab's challenges, here's your quick catch-up: ➡ Singapore upgraded its full-year economic outlook following a 2.9% growth in the second quarter. ➡ Singapore stocks opened higher on Friday, driven by a surprise surge in non-oil domestic exports in July, with banking stocks leading the gains. ➡ Millennium Advisors has expanded its trading and sales operations into Asia by opening a new office in Singapore to tap into the increasing demand for electronic trading and US dollar bonds in the region. ➡ Singapore's Grab saw a significant drop in share prices after missing revenue forecasts for the second quarter, raising concerns about its ability to maintain investor confidence. ➡ Singapore's iconic Mustafa Centre is returning to its 24/7 operating hours from September 6th, delighting night owls and late-night shoppers. Stay tuned for more updates on Singapore's dynamic landscape!

China Consumer Industry Review (12) Although many people believe that China’s consumption mode during the downturn period can use Japan as a benchmark as it had lost thirty years since the 1990s. I think that the significance of Japanese mode is not necessarily great. There are several significant differences in Japan at that time: 1. Lifetime employment system. Although salaries had not increased for many years, the fear of layoffs was not big. Because Japanese companies have been extremely globally competitive since the 1980s, this is the solid foundation for employment stability. 2. National wealth. In the early 1990s, Japanese citizens were already very wealthy. Those with an annual income of less than 190,000 yuan were defined as low-income people at that time. This level is still considered a high-income group in China even today. 3. The global competitiveness of enterprises. Although the United States also suppresses Japan in various ways, one thing that cannot be ignored is that Japanese enterprises had been developing globally since the 1970s and 1980s, and a large number of enterprises had grown very competitive globally, they can feed back Japan's domestic economy.

Shanghai, I’m impressed! I hadn’t been since pre-Covid, so it was great to be back in the Pearl of the Orient meeting with clients just before golden week. It was affordable (compared to Hong Kong at least!), convenient and people were super friendly and helpful. If you have the right apps and online payment platforms sorted it really is simple. Key topics discussed: -         There is no end in sight to the transformations and restructuring. As I previously reported, there has been a huge increase in the number of new Global CEOs appointed in the last 12-18 months. Once settled you can bet they will restructure from a global BU to regional structure, or regional structure to global BU, cut out certain leadership layers, bring in their own people, etc. There will be a leaner more efficient structure, and that will always require redundancies but also hiring of different skillsets. -         Across industries manufacturing sites in Europe and US are all aging, requiring a lot of maintenance and too costly to rebuild. China factories are still leading the way in terms of automation, productivity, reliability, and quality. -         There are no major investments planned in China in the next few years, if in Asia at all it is focused on India, Vietnam, Cambodia, or Indonesia. -         For India specifically, it is still mostly for local consumption/use until concept is proved and quality high enough. There is still a way to go to bridge the gap on quality and safety standards. -         China is valuing sustainability as a function. Where regional teams are based out of Singapore, we may see more roles moved to Shanghai to be closer to the manufacturing and suppliers to make a stronger impact. -         Finally, within the industrial sector there has been some strong progress from a DEI perspective, with more balanced gender leadership teams and a pipeline of talent coming through. It was such a rewarding trip. Thank you to our clients who made us feel very welcome, and for discussing all the trends we are seeing in Asia. Looking forward to my next visit, which will be much sooner than later! Please reach out to discuss the talent trends within the Industrial or Consumer sectors in China and the wider APAC region, or if you would like to meet with the team. We’ll be coming again in November and Q1 next year. PS. I managed to sneak in dinner and a quick walk along the Bund. It really is spectacular! #shanghai #china #supplychain #manufacturing #executivesearch #asiatrends

🔥IT Market in Hong Kong: Potential and Vibrant🔥 ✨Hong Kong is one of the fastest-growing economies and one of the best hubs for Business in terms of Investments etc. ✨Hong Kong has a very modern lifestyle with an Advantage of good connectivity with over the world and an English Language Advantage.  ✨As per the report, Hong Kong is expected to reach $8.00 B USD in Revenue by 2024 in the IT Sector where the IT Outsourcing Sector is Projected to dominate with $3.02 B USD by 2024.  ✨It is clear to understand how big the Hong Kong IT Market is, but the biggest challenge is to find the right candidates for the available IT Job positions, because of the unavailability of resources the market price is increasing which is a big concern for the Organization and startups to find the sustainability and maintain the productivity.  ✨Recently, there was data showing that many Tech Companies from Hong Kong Are interested in outsourcing Engineers from Vietnam, China (Shenzhen), The Philippines, etc. ✨Now, if We talk about Vietnam, it can support the IT shortage in Hong Kong the best, in terms of Cost, Productivity, English Speaking ability, and time zone advantage. Recently, Vietnam has become one of the Favorite destinations for the Global market to choose the Right Candidates for IT Resources needs. ✨ITBee Solutions, a Young Vietnam-based IT Outsourcing company, has already proved its ability to the Vietnam market with its prominent services, timely delivery, customer satisfaction, and Hard-working workforce. Do you need more information or want to have a free consultation now, please free to reach out to me or DM me, I would be happy to assist you. Looking forward to work with you soon!💕 #ITMarketHK #HongKongTech #DigitalEconomy #ITIndustry #TechCity #ITBeeSolution

Apple's first Malaysian retail store has opened its doors and Microsoft has announced a US$2.2B investment to support Malaysia’s digital transformation. These Big Tech companies' investments signal the nation’s significant growth potential as a strategic market in Southeast Asia. As the UOB Business Outlook Study 2024 (Malaysia) reports, local businesses continue to remain bullish despite rising costs, with more than 7 in 10 surveyed expecting an improved business performance. Nearly 8 in 10 companies are keen on expanding overseas, with ASEAN and Greater China the preferred markets for expansion. Download the report now for more #UOBAseanInsights: https://go.uob.com/3A5cXDm #OneBankForASEAN

Nobody EVER Said China Was Easy... I can't count the number of foreign brands I've spoken with over the past 10+ years that approach China with the misconception that entering this ultra-competitive market will be easy. They rush in headlong, ignoring red flags, skipping due diligence and blindly trusting the word of a partner that seems "good enough." And no, I'm not talking about decisions made by new hires... I've seen seasoned executives from huge brands make these same mistakes. So, how do you avoid this common pitfall? Here are a few tips... #China #MarketEntry #ChinaBusiness

Although it may be said that there are numerous international brands in China, many of them have achieved great success. Brands like Volkswagen, McDonald's, Pizza Hut, Lululemon, and many others have established themselves successfully in the Chinese market. The localization strategies employed by these brands are not overly complex, nor are they set in stone. Some companies have established highly independent headquarters in China, while others have carved out their Chinese operations and formed local joint ventures. There are also companies that operate independently in China but place great importance on soliciting input from local employees. Ultimately, success in China relies heavily on a company's ESG practices. Strong governance practices contribute to success in China.