costco

Costco CFO Says Company Expects to Open New Store in Shanghai by 2020 at the Earliest

American wholesale company Costco’s CFO, Richard Galanti, disclosed that the company will be adding a second store in Shanghai by next year at the earliest.

Costco’s First Chinese Store Flooded on Opening Day

American retail giant Costco is deepening its foothold in the Chinese market with the opening of its first store in Minhang, Shanghai.

Costco Must Overcome Three Challenges to Break into the Chinese Market

In October, 2014, Costco opened up an overseas flagship store on TMall International to give e-commerce in China a shot. On January 23rd, 2016, Costco opened a franchised store in Wuhan to give offline retail a try. On September 8th, 2017, Costco announced the opening of its first store in Shanghai, and confirmed the store […]

Lei Jun says Xiaomi is a retail business and the goal is to be another MUJI

“I believe for most people, the “MI” brand is quite familiar. But few of them know Xiaomi well.” Lei Jun said so in a public speech on August 31. On August 31, at 2017 China Consumption Transformation and Upgrading Summit held by Shanghai International Business Conference, Lei Jun delivered a speech named Enhancing Efficiency is […]

Xiaomi CEO Lei Jun: How Xiaomi Turned the Tables

Recently over 30 council members of the Yabuli China Entrepreneurs Forum (CEF) paid a visit to Xiaomi headquarter. The president of the forum, Chen Dongsheng, chaired this CEO seminar of ours entitled “Internet + Manufacturing Upgrades in China”. At the seminar, Xiaomi CEO Lei Jun shared with everyone Xiaomi’s business model, values, difficulties encountered during […]

“Copy to China” Companies that Just Aren’t Fitting In Well

Let’s rewind back to the first 20 years of Internet development in China and talk about its business model. What everyone did back then was “Copy to China”. We essentially brought successful business models from Europe and US to China. For example: Sohu copied Yahoo Tencent copied ICQ Baidu copied Google Taobao copied eBay Meituan […]

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