While many Chinese smartphone vendors are looking to 2016 for a reprieve from dwindling smartphone demand, Huawei Technologies Co. is ringing in the New Year with some better news. The company said on Thursday that their 2015 revenue is expected to rise 35.5% over the previous year, significantly higher than a prediction release earlier this year of 20%. The Shenzhen-based […]
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The Modern Chinese Consumer: 3 Things You Should Know
While the world watches China’s slowing economy with anxiety-filled anticipation, Chinese consumers are largely optimistic and willing to spend, according to a new report released last Friday by consulting firm McKinsey. The report, which surveyed 10,000 people across 44 cities in China, found that more than half of Chinese consumers were confident that their income […]
