Chinese companies are increasingly looking towards foreign markets to unlock new growth opportunities abroad while diversifying away political risk at home. Haidilao and Tencent are two prominent examples of companies that have successfully entered foreign markets. While the two giants have vastly different approaches to expansion, together they have formed the golden standard by which other emerging companies seek to grow their global footprint.
Author: Daniel Wethli
As the early epicenter of the pandemic, 2020 brought Wuhan countless challenges. One year later, the city is cautiously optimistic about its recovery. Despite COVID’s lingering impression on local consumer habits—particularly in the service industry—Wuhan’s slow but steady re-emergence as the tremendous industrial hub it once was serves as an excellent model for cities across the globe.