By 2020 China will most likely be Asia’s biggest retail market, and already a clear majority of consumers says they would happily bank ‘digital only’ according to McKinsey & Company. The implications for incumbents and insurgents alike are enormous and they probably don’t stop at the border. According to the

Webank, the private internet bank of Chinese ecommerce giant Tencent has issued its first loans. The banking licence was approved in the middle of last year, heralding the entree of China’s dotcoms into the core banking system. Tencent owns 30 per cent of Webank with Baiyeyuan Investment and Liye Group the

Trade Minister Andrew Robb and his colleagues have, rightly, scored high grades for the China free trade deal agreed ahead of the G20 Brisbane meeting. It brings a wide range of substantial benefit to Australian exporters and service providers. While the headlines, naturally, made much of the benefits for mining

On 27 March 2012 the Chinese Communist Party adopted its formal five year plan on e-commerce. Its goal is to make China’s market the largest globally for e-commerce. Transparency, security and logistics are highlighted, with regulations designed to build effective and efficient markets. Ecommerce is clearly central to the big

China is looking more and more like an accelerating demon in contemporary commerce. Aside from all the obvious characteristics, its embrace of Singapore-styled capitalism is becoming almost theatrical in its breadth. We noted earlier the big bet placed by China’s telecom regulators in creating space for a local mobile phone

China’s bank regulators, having slept on it for a few months, have approved the entry of new players. But TenCent — the digital intruder that had its banking initiative put in limbo earlier in the year — will be required to bring partners to its venture. While initial reports suggested

So much of China’s stunning success in the last half-decade has been due to its ability to mass-produce stunning personal technology at a premium — but a premium consumers were willing to bear. Thank you, China. But as they say, there are no permanent allies — just permanent interests. Apple

If you were wondering what enormous strategic threat the Chinese administration is cooking up to unleash on the world, wonder no longer. It’s retail. Having mused previously in this space about the fertility of China’s virgin field of retail brands, we now have some interesting evidence. Guess who is China’s

Australia Post will accelerate its China push and, by extension, the entree of Australian brands into the market by offering an Alibaba shop front on Tmall — underpinned by a suite of free services such as translation and customer support, Which-50 has learned. An announcement is expected as early as

Financial services ought to be one of the very big winners from digital technology. Especially in Asia and especially at the household or retail level. And in many ways that’s true. But there’s a hitch. For years now, innovators in Japan, The Philippines, Vietnam and India have been producing smart