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Butao Wang

Butao Wang

Retail, finance

Luckin Coffee Starts Selling Consumer Electronics at a Price Lower than PDD
Luckin Coffee Starts Selling Consumer Electronics at a Price Lower than PDD
Previously, an unconfirmed internal document of Luckin Coffee revealed the company’s mission that Luckin equals the combination of Starbucks, Seven-eleven, Costco and Amazon. The new move seems to be the implementation of the plan.
Retail Mar 27, 2020 06:25 pm
Previously, an unconfirmed internal document of Luckin Coffee revealed the company’s mission that Luckin equals the combination of Starbucks, Seven-eleven, Costco and Amazon. The new move seems to be the implementation of the plan.
Why Covid-19 Won’t Harm the Robustness of China’s Retail & Consumer Industry - 3
Why Covid-19 Won’t Harm the Robustness of China’s Retail & Consumer Industry - 3
The coronavirus outbreak, unlike a structural crisis, has impacted the demand end. Therefore, consumption-related indicators will retreat. Are there any opportunities amid the downsides? What does the post-epidemic period look like?
Retail Mar 27, 2020 04:36 am
The coronavirus outbreak, unlike a structural crisis, has impacted the demand end. Therefore, consumption-related indicators will retreat. Are there any opportunities amid the downsides? What does the post-epidemic period look like?

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HeyTea to Close New Financing at a Valuation of CNY 16 Billion
HeyTea to Close New Financing at a Valuation of CNY 16 Billion
Rumor has it that the aspirational Chinese ‘new tea’ brand, HeyTea, has closed a new round of fundraising. Hillhouse and Coatue Management led the investment.
Mar 24, 2020 12:06 am
Why Covid-19 Won’t Harm the Robustness of China’s Retail & Consumer Industry-2
Why Covid-19 Won’t Harm the Robustness of China’s Retail & Consumer Industry-2
The coronavirus outbreak, unlike a structural crisis, has impacted the demand end. Therefore, consumption-related indicators will retreat. Are there any opportunities amid the downsides? What does the post-epidemic period look like?
Mar 20, 2020 06:30 pm
Why Covid-19 Won’t Harm the Robustness of China’s Retail & Consumer Industry-1
Why Covid-19 Won’t Harm the Robustness of China’s Retail & Consumer Industry-1
The coronavirus outbreak, unlike a structural crisis, has impacted the demand end. Therefore, consumption-related indicators will retreat. Are there any opportunities amid the downsides? What does the post-epidemic period look like?
Mar 20, 2020 07:55 am
The Duopoly of China’s Video Game Live Streaming, Part II
The Duopoly of China’s Video Game Live Streaming, Part II
This article features the two major players in China’s game-based live streaming sector. We will take a deeper look into the industry landscape and the companies’ business models, as well as the coming challenges they face.
Mar 12, 2020 04:31 am
Alipay Launches Three-Year Plan to Take on WeChat and Meituan
Alipay Launches Three-Year Plan to Take on WeChat and Meituan
In a move to attract new users and keep its existing base, Alipay has upgraded its strategy. It will now allow more mini programs to operate via an open ecosystem, in order to transform from a payment-focused company into a one-stop digital lifestyle platform.
Mar 11, 2020 11:13 pm
Ant Financial Invests in Klarna to Counter Tencent's European Fintech Layout
Ant Financial Invests in Klarna to Counter Tencent's European Fintech Layout
Compared with more aggressive mergers and acquisitions in Southeast Asia and Africa, Chinese Internet giants Alibaba and Tencent seem relatively prudent in their competing business expansion plans in Europe.
Mar 5, 2020 04:48 am
Haidilao Launches Half-Cooked Dishes – New Field for the Catering Industry?
Haidilao Launches Half-Cooked Dishes – New Field for the Catering Industry?
Haidilao and many other Chinese catering companies are launching ‘half-cooked’ food products amid the coronavirus outbreak. Will this be a new opportunity or just a flash in the pan?
Mar 4, 2020 11:25 pm
JD.com Beats Market Estimate with Strong 2019 Q4 Financials
JD.com Beats Market Estimate with Strong 2019 Q4 Financials
Three key strategies defined JD.com's strongest performance in 2019 – good customer operations, low-tier city targeting and efficiency.
Mar 3, 2020 07:02 am
Bestore Completes the Leading Trio in China’s Healthy Snack Industry
Mar 2, 2020 12:33 am
Bestore Completes the Leading Trio in China’s Healthy Snack Industry
Bestore, Three Squirrels and Be & Cherry are touted as the ‘BAT’ (Baidu, Alibaba, Tencent) of China’s healthy snack industry. However, the online sales spree is making for polarizing strategies among industry players.

Bestore Completes the Leading Trio in China’s Healthy Snack Industry

by Butao Wang Mar 2, 2020 12:33 am
Luckin’s Prices for All Products Raised by CNY 1
Mar 1, 2020 04:32 am
Luckin’s Prices for All Products Raised by CNY 1
Luckin Coffee welcomed Chinese customers who are returning to work after the coronavirus period with a slight increase in coffee price. The move, however, does not seem to bother its users.

Luckin’s Prices for All Products Raised by CNY 1

by Butao Wang Mar 1, 2020 04:32 am
The Duopoly of China’s Video Game Live Streaming, Part I
Feb 25, 2020 03:25 am
The Duopoly of China’s Video Game Live Streaming, Part I
This article features the two major players – Huya and Douyu – in China’s game-based live streaming sector. EqualOcean will take a deeper look into the industry landscape and the companies’ business model as well as their challenges ahead.

The Duopoly of China’s Video Game Live Streaming, Part I

by Butao Wang Feb 25, 2020 03:25 am
IDG Leads USD 50 Million Fundraising for Chinese Hotpot Food Supplier
Feb 24, 2020 07:19 pm
IDG Leads USD 50 Million Fundraising for Chinese Hotpot Food Supplier
The catering industry in China has been facing a precipitous decline recently. But the hotpot supplier Guoquan has bagged over CNY 450 million since last August and is still expanding despite the coronavirus outbreak.

IDG Leads USD 50 Million Fundraising for Chinese Hotpot Food Supplier

by Butao Wang Feb 24, 2020 07:19 pm
WeChat Pay Makes Access Easier for Retail Mini Program Users
Feb 19, 2020 04:36 pm
WeChat Pay Makes Access Easier for Retail Mini Program Users
The coronavirus outbreak has driven up demand for China’s online grocers. WeChat Pay’s latest upgrades confirm the spike in online shopping and Tencent’s will to boost the smart retail business ever further.

WeChat Pay Makes Access Easier for Retail Mini Program Users

by Butao Wang Feb 19, 2020 04:36 pm
Tencent Injects Funds into Leyaoyao – Another Offline Venture for WeChat Pay
Feb 18, 2020 09:31 pm
Tencent Injects Funds into Leyaoyao – Another Offline Venture for WeChat Pay
Facing the slowing increase of online users, the biggest players are eyeing new engines for generating traffic. Offline equipment, including arcades and massage chairs, is Tencent’s next segment to conquer.

Tencent Injects Funds into Leyaoyao – Another Offline Venture for WeChat Pay

by Butao Wang Feb 18, 2020 09:31 pm
Alibaba’s Beyond Expectation Results Still Face Lackluster Market Reaction
Feb 14, 2020 07:39 pm
Alibaba’s Beyond Expectation Results Still Face Lackluster Market Reaction
Shares of Alibaba fell after the company posted results for 2019 fourth quarter. Though being affected by the coronavirus outbreak, the company holds a positive view as the pandemic is helping to accelerate digital transformation.

Alibaba’s Beyond Expectation Results Still Face Lackluster Market Reaction

by Butao Wang Feb 14, 2020 07:39 pm
Chinese Insurance Marketplace Huize Falls on First Day of Trading on Nasdaq
Feb 14, 2020 12:02 am
Chinese Insurance Marketplace Huize Falls on First Day of Trading on Nasdaq
Huize saw lackluster trading during its debut. Yet how can the so-called No.1 online insurance company in China stay strong while facing competition from players like Ant Financial, or Internet insurance companies such as ZA Online?

Chinese Insurance Marketplace Huize Falls on First Day of Trading on Nasdaq

by Butao Wang Feb 14, 2020 12:02 am
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