In its latest forecasting report, media network Carat has estimated that advertising spend in Asia Pacific is set to grow by a solid 5.2% in 2015. Carat’s latest global advertising expenditure forecasts show digital media with a predicted US$17.1 billion or a 15.7% increase in spend in 2015. Accounting for the rise in mobile [...]
Renren has led a $10 million investment in a Washington, D.C.-based startup that uses big data to forecast legislation, the latest move by the Chinese social network to fund innovative companies that could further the company’s growth. FiscalNote, founded in 2013, uses data-mining software and artificial intelligence to predict legislators’ votes and the success or [...]
The Times Square masses of humanity, sidewalk-blocking phalanxes and museum-entrance lines added up to an unprecedented 56.4 million visitors to the city in 2014, officials said Monday. New York City was the place to be in 2014, when 56.4 million visitors flocked to the Big Apple, the de Blasio administration announced Monday. It was [...]
by Bloomberg News Chinese tourists spent a record $164.8 billion overseas last year — a 28 percent increase over 2013 — as disposable income rose and more people ventured abroad. Travelers from China spent $113.6 billion more overseas than foreign tourists spent while visiting the country, according to the State Administration of Foreign Exchange. [...]
Despite a projected decrease in overall auto sales in the first three months in China, luxury car purchases remain torrid. German carmaker Audi AG announced last Thursday that its sales in China in the first quarter rose by 40 percent year-on-year to more than 90,000 vehicles. “This figure sets a new record. Audi just had [...]
SHANGHAI—If there was ever a need for business schools in China, it’s now. Breakneck economic growth has far outstripped the supply of management talent. Meanwhile, Chinese companies in both the private and state sectors are responding to government incentives to “Go Out” and compete against the best companies in the world—while juggling fierce competition, rapidly [...]
The first in a new weekly series on The Source which looks at the lessons learned by business leaders, academics and commentators. For starters, we’ve spoken to Professor John Quelch of the China Europe International Business School (CEIBS), one of the leading business schools in China. He has a unique insight into business in the [...]
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