How to conquer the Chinese market, according to 9GAG’s Ray Chan
China is an enticing growth market, particularly for tech companies. But according to 9Gag CEO Ray Chan, it’s also the place where Western tech companies are failing. He likens the Chinese tech market to awkward teenage fumbles with the opposite sex. “Everyone talks about it, nobody knows how to do it, everyone thinks everyone else is doing it, so everyone clams they’re doing it,” he quipped on stage at the 2018 TNW Conference in Amsterdam. The thing is, he’s not wrong. Companies like Uber and Whatsapp, both giants in their own right, haven’t managed to unseat domestic-made rivals like Didi… This story continues at The Next Web
Goldman Sachs said it expected China to adopt a slightly easier monetary stance in the face of tit-for-tat tariffs between Beijing and Washington that, while likely to have limited immediate impact on the economy, were at risk of escalating.