A McKinsey survey finds that the Chinese B2B decision-makers are responding quickly to COVID-19, though actions and customer preferences vary. About two-thirds are optimistic about the economy as of the end of April 2020, up 12 percentage points from two weeks earlier. China is more optimistic compared to other regions covered in the McKinsey survey, […]
China’s gross domestic product (GDP) for the first quarter declined by 6.8% year on year and grew by 3.2% in the second quarter of 2020 according to China’s National Bureau of Statistics. The GDP in Q2 grew by 11.5% quarter on quarter.
JD.com net revenues for Q1 2020 were 146.2 billion yuan (US$120.6 billion), an increase of 20.7% from Q1 2019, according to its unaudited financial results. JD.com’s annual active customer accounts increased by 24.8% to 387.4 million
Jingdong’s (JD) annual active customer accounts increased to 334.4 million in the twelve months ended in Q3 2019 from 321.3 million in the twelve months ended in Q2 2019. Meanwhile, Alibaba’s active consumers on its China retail marketplaces reached 693 million.
A hugely successful Chinese movie has brought China’s pharmaceutical industry into the spotlight. What changes might happen? Starting from June 30, the Chinese movie “Dying to Survive” became the social topic in China. The movie is based on a true story of how Chinese leukemia patients struggle to buy generic drugs from India because they […]
Compared with other countries, Chinese patients spend much more time online looking for medical information, and more likely to request a prescription change.