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Section

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Playing chicken

Will the owner of KFC in China be caught in the Sino-US crossfire?
Sep 18, 2020 (WiC 511)

When the Chinese embassy in Belgrade was hit by US bombers in May 1999, anti-American protests quickly erupted across China. Thousands took to the streets in Beijing, throwing stones, paint and eggs at the American embassy to express their ire ...

The man from the agency

Ad industry titan discusses China’s Covid rebound and e-commerce trends
Sep 18, 2020 (WiC 511)

The Chinese market has been on the radar of Sir Martin Sorrell for decades. The founder of advertising giant WPP was a frequent visitor as he built that agency’s Chinese footprint. Two years ago he set up S4, a ‘digital-only’ advertising ...

The delivery economy

Convenience has a social cost for China’s army of meal delivery drivers
Sep 18, 2020 (WiC 511)

When you order takeaway on either of China’s two main food delivery apps, a small icon of a motorcycle rider appears on a moving map so you can track when your food is about to arrive. What the app doesn’t show is the frantic activity ...

A golden thank you

Bytedance gets a precious payments licence from China’s central bank
Sep 18, 2020 (WiC 511)

The clock is ticking down to the September 20 deadline from Washington to force the sale of TikTok’s American business. On Monday TikTok’s parent Bytedance said it had submitted a proposal to the US government to continue operating its ...

High water mark

Nongfu Spring’s boss became China’s richest man, albeit for 30 minutes
Sep 18, 2020 (WiC 511)

One of the most touted business principles from Wahaha’s founder Zong Qinghou is his insistence that his beverage firm shuns the stockmarket. Like Huawei, Wahaha is one of China’s most valuable unlisted brands. Zong, a Hangzhou native, was ...

Monkey business

Blockbuster game features iconic literary hero
Sep 18, 2020 (WiC 511)

Sun Wukong, the Monkey King, is one of the most iconic figures in Chinese literature. As the main character in the 16th-century novel Journey to the West, he accompanies the Buddhist monk Xuanzang on a pilgrimage of magic and adventure. ...

Running with the herd

Why a cattle firm has come to epitomise ChiNext’s bull market run
Sep 18, 2020 (WiC 511)

After gaining nearly 40% so far this year, Shenzhen’s ChiNext is one of the best performing stock markets across the world’s major economies. And one of the companies that has come to symbolise the Nasdaq-style board’s bull run is – ...

How a tycoon jumped from software to seltzer
Sep 18, 2020 (WiC 511)

“You can rank 10th and 20th or even 100th if you are in a promising industry. That’s far better than being first in a rotten industry,” was the advice from Tang Binsen to a group of aspiring entrepreneurs. Tang knows a few things about ...

Pigs really can fly

How high-rise hoggeries are reaching for the skies
Sep 18, 2020 (WiC 511)

Just call them ‘sty-scrapers’ – multi-storey farms that house thousands of pigs and reduce the pressure on scarce agricultural land in China. The first of these towers went up in 2015 with a nine-storey property in the southern ...

Losing the plot

Disney in the dock as Mulan fails to flower with Chinese moviegoers
Sep 18, 2020 (WiC 511)

When Disney first released Mulan as an animation in 1998, it was a flop in the country where the story was set: China. Local moviegoers complained that the beloved heroine was “foreign-looking and ugly”. And her mannerisms were ...

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