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Chinese firms need to sponsor more sporting events to boost brand awareness to catch up with overseas rivals, said Feng Tao, CEO of Shankai Sports.
Chinese carriers haven't disclosed how much they are seeking from Boeing, and industry experts estimated that if the model can't resume flying by the end of the year, the average compensation amount sought by the airlines could be as high as 1 billion yuan (5 million), based on the grounding scale and operational capacity.
Chinese consumers are changing fast. I don't want to generalize because obviously it's one of the largest populations in the world, so it's definitely not one-size-fits-all. I would say that Chinese consumers want heritage and authenticity. They want beautiful things, they want great stories. We're still working out what our local Chinese strategy looks like from a product perspective, but I'm really keen to find the opportunity to showcase local talented creatives in China.
Chinese firms need to sponsor more sporting events to boost brand awareness to catch up with overseas rivals, said Feng Tao, CEO of Shankai Sports.
Chinese foodies are exploring different flavors of instant delicacies.[Photo/Xinhua]