Digital transformation

An employee works on a large construction equipment at a factory in Haian, Jiangsu province, China, on 16 October 2023. (AFP)

China’s family-run businesses face succession issues

China's economic boom has driven the flourishing of private entrepreneurship and led to the emergence of tens of millions of family businesses in the country. But many of these businesses are facing a challenge now: who will be their successor? Caixin journalists tell us more.
A customer shops at a supermarket in Nanjing, Jiangsu province, China, on 13 October 2023. (AFP)

The struggle facing big-box supermarkets in China

A broader depression has been weighing on the country’s supermarket sector, especially for big-box retailers that are fighting the rising tide of competition from online shopping platforms and smaller physical stores.
ChaGee, a Chinese tea brand that set up its first overseas store in Singapore in 2020. (SPH Media)

[Video] Chinese brands making waves in Singapore’s saturated beverage market

Several coffee and tea brands from mainland China, such as Heytea, Mixue, ChaGee and Luckin Coffee, have recently entered Singapore and expanded rapidly. In addition to injecting new vitality into the already-diversified local beverage market, these beverage giants have also brought in their innovative technologies in operations, product development and customer experience. Lianhe Zaobao senior features writer Wang Hwee Wen finds out how these digital innovations from Chinese companies will change the local food and beverage scene in Singapore.
A researcher plants a semiconductor on an interface board during a research work to design and develop a semiconductor product at Tsinghua Unigroup research centre in Beijing, China, 29 February 2016. (Kim Kyung-Hoon/Reuters)

Can China's semiconductor industry survive under sanctions and the Chip 4 alliance?

Researcher Ding Ke looks at the US’s Chip 4 alliance initiative and its implications for China’s semiconductor industry. With the US seemingly intent on containing China’s high-tech industries, it will take a lot of effort for China to keep this sector going and growing, especially if the Chip 4 alliance works out.
A man wearing a protective mask is seen inside the Shanghai Stock Exchange building at the Pudong financial district in Shanghai, China, 28 February 2020. (Aly Song/Reuters)

Digitalisation: How China’s smaller investment banks could compete with big foreign players

The recent accelerated opening up of China’s capital market has presented a challenge to investment banks in China, which may have seen their role marginalised or bypassed by major foreign players who have international experience and are highly capitalised and better managed. Academics Pei Sai Fan and Peng Chang suggest how investment banks in China can compete and stay relevant.
A student cycles past a wall mural in Banda Aceh, Indonesia, on 10 December 2021. (Chaideer Mahyuddin/AFP)

Huawei digital talent programme: Another source of China's soft power in Indonesia

Huawei’s digital talent programme in Indonesia is contributing to China’s soft power as the latter seeks to engage Indonesia as an important node of its Belt and Road Initiative. Indonesia stands to gain from the exchange but also needs to be wary of possible cybersecurity concerns.
A man wears a VR headset at a booth during the DCentral Miami Conference at the Miami Airport Convention Centre on 1 December 2021 in Miami, Florida. (Joe Raedle/Getty Images/AFP)

Metaverse: Plans of the tech giants

When it comes to the metaverse, the various tech giants are taking different approaches, from conservative to aggressive. Technology expert Yin Ruizhi takes a look at three major players — Facebook, Nvidia, and Tencent — and their respective strategies, and how they are likely to contribute to building the metaverse.
Visitors walk in front of "HOLD ONTO YOUR BITCOIN" by Gustav Szabo, known as Szabotage, which will be converted into NFT and auctioned online at Sotheby's, at the Digital Art Fair, in Hong Kong, China, 30 September 2021. (Tyrone Siu/File Photo/Reuters)

The uncertain future of NFTs in China

The non-fungible token (NFT) is a growing phenomenon in China, despite a cautious regulatory environment and official hostility to cryptocurrencies, which also use blockchain technology. But experts warn that as with every technology, particularly new ones, there is also a risk of misuse, such as in instances of fraud or compromised accounts.
Visitors are pictured in front of an immersive art installation titled "Machine Hallucinations - Space: Metaverse" by media artist Refik Anadol, at the Digital Art Fair, in Hong Kong, China, 30 September 2021. (Tyrone Siu/Reuters)

Metaverse: A bubble that could soon burst?

One of the hottest buzzwords recently is the metaverse. In this first article in a series on the topic, technology expert Yin Ruizhi explains what the metaverse is, what would make it viable and why creating the metaverse is still very much a pipe dream.