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David Haigh, CEO of Brand Finance, said: "The big three Chinese baijiu brands have taken the podium because of the extraordinary celebratory culture that the Chinese customers hold for their products. These are brands that have remarkable value based upon centuries of tradition. It will now be interesting to see whether they will translate this success across China to global markets as they make their first steps in Europe, the United States, Canada, and further afield."
Dai said it is not easy to enter a new foreign market. Localization is very important for those apps to facilitate their services.

Daniel Zhang, CEO of Alibaba, speaks at the launch ceremony of "Singles Day" shopping festival in Hangzhou, East China's Zhejiang province, Oct 13, 2015. [Photo/VCG]
Data from the ministry showed US sorghum exports to China surged from 317,000 metric tons in 2013 to 4.76 million tons in 2017, while export prices have slumped 31 percent during the period, which led to a fall in domestic prices that hurt local industries.
Dan Bartlett stated in his opening remarks, "While multinational companies only a decade ago asked 'how do we infuse our global best practices and technology into our China operations,' we're now increasingly asking 'how can we take lessons learned from the China and apply them in other markets.' Nowhere is this more apparent than e-commerce. While e-commerce allows our customers to shop where and how they want, it does raise challenges for Walmart and others in the food system. One of the most foundational challenges is ensuring fresh, high-quality, but most of all, safe food.To meet the future food safety challenges of e-commerce while also improving against some persistent issues, we'll need continuous innovation. The establishment and operation of the Walmart Food Safety Innovation Pipeline can encourage and share innovative solutions across the food supply chain while also give those solutions an ecosystem of partners to grow and mature."
来源:资阳报