Media Perspective
  • Move over Google, TikTok is the world's new most popular online destination. The viral video app gets more hits than the American search engine, according to Cloudflare, an IT security company. The rankings show that TikTok knocked Google off the top spot in February, March and June this year, and has held the number one position since August. The social network, which is owned by a Chinese company called Bytedance, now has more than one billion active users across the world, and that number continues to grow.

    ——TikTok ousts Google to become favourite online destination, BBC

    Comment:

    Tik Tok has launched a platform for copyright owner to protect their IPRs in July 2021. It has become the most popular online short video destination because of its high attention on IP protection.

  • Volkswagen sold 10,000 fewer electric cars in China than expected last year. The German marquee sold 10,000 of its five flagship ID models, most of which were launched during the past year, having targeted sales of between 80,000 to 100,000 cars for 2021.

    ——VW sells 10,000 fewer electric cars in China as ship crisis hits deliveries, by Financial Time

    Comment:

    The rise of Chinese auto brands has made market competition increasingly exciting. Chinese home-made car with better quality, lower prices and stronger brand power are increasingly favored by domestic market.

  • Waymo is teaming up with Chinese carmaker Geely to build electric, fully autonomous robotaxis for the United States.The self-driving arm of Google (GOOGL) parent company Alphabet announced the partnership Tuesday, calling the deployment of the cars a big part of its commitment to "expanding access to sustainable transportation."Both firms said in press releases that the ride-hailing cars would be designed and developed by Zeekr, Geely's electric mobility brand, at a facility in Sweden using "a new proprietary and open-source mobility architecture."

    ——Waymo will partner with China's Geely to develop electric robotaxis, CNN

    Comment:

    Chinese auto companies' efforts in technological up-grading and brand building have not only made their products recognized by consumers, but also helped them go out and win more favor in international market.

  • Papa Johns is making a big bet on China. The pizza chain plans to open over 1,350 stores in South China by 2040 in partnership with the Asian private equity firm FountainVest Partners, it said on Friday. The deal will increase Papa Johns current global count by 25%, and marks the largest franchisee development agreement in the pizza company's history.Pizza companies have lately been expanding their footsteps in the region, where they see an opportunity to boost sales.

    ——Papa Johns plans to open over 1,350 stores in China, CNN

    Comment:

    Thanks to strengthened intellectual property rights protection, the business environment is increasingly optimized, as well as the broad market and improved logistics network, which makes Chinese market being popular to global companies.

  • Many Chinese estates are trying to overcome the market perception that fine wine must be patterned on European varietals. Independent winemakers are experimenting with local varieties and crossbreeds and investigating styles that reflect the unique features of their native grapes and terroirs -- the combination of factors including soil, climate and sunlight that gives wine grapes their distinctive character. Some Chinese winemakers have already taken the plunge into the export market.

    ——China's drinkers develop taste for premium local wines, Nikkei Asian Review

    Comment:

    China has good natural environment for wine production. Winemakers should adhere to new ideas, cultivate high-quality new varieties, and highlight the role of GI to create wine brands, so as to promote Chinese wine to go abroad.