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Financial Firms’ Biggest Competition: Starbucks and Alibaba

Financial Firms’ Biggest Competition: Starbucks and Alibaba

SEOUL, Korea, April 10 (Korea Bizwire) – What could be a potential archrival of a financial company? Usually, it could be other competing financial companies. In Korea, however, diversified market environment changed the notion. Can you imagine that a financial company is competing with a coffee chain or an Internet company? It happens, though. As [...]

[China Report] Chinese Social Commerce Industry Undergoing a Wave of Consolidation

[China Report] Chinese Social Commerce Industry Undergoing a Wave of Consolidation

SEOUL, Korea, Mar 28 (Korea Bizwire) – According to data released recently by the China International Electronic Commerce Center, the number of social commerce sites closed for business since the beginning of the first social commerce site in China has been 5,376 out of total 6,246 operators. The closure rate is as high as 86 [...]