Chinese is one of the first people using currency instead of real goods to conduct trade activities. China’s Bronze Age Coins The earliest currencies used by Chinese were cowry shells or copies of the shells. In Chinese scripts, the characters associated with money or other valuable items normally have a radicle 贝 (貝), meaning shell. These bronze money in the […]
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Game of Hunting (猎场), China’s latest TV series, is like a cyclopedia of contemporary Chinese business culture. The story is about China’s recently emerged executive recruitment business, written and directed by legendary Jiang Wei (姜伟), starring China’s top-ranking actor Hu Ge (胡歌) and supported by some of China’s best actors and actresses. The story tells a young university graduate’s endeavour […]
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For thousands of years, China had been a peasant society with commercial activities consciously suppressed, which shaped China’s business traditions. But it was not always the case. There was a time when China was a paradise for merchants, and the merchant paradise lasted for 600 years. It was Shang, a dynasty established in 1700BC by Chinese merchants. The Achievements of the Merchant […]
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In the Chinese business world, there is a word that used to be very popular and now starts to regain public attention. That is the word “rushing (儒商)”, meaning Confucius Merchants. Why It Is Confucius Merchant Not Confucius Entrepreneur? Some Chinese scholars prefer to translate “rushang” into English as “Confucius Entrepreneur”. This term may have a better echo to the contemporary […]
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Online shopping in China is booming. According to PricewaterhouseCoopers (PwC), since two years ago, China has replaced the US as the world’s largest e-commerce market, with a market value at $306 billion. Just the sales figure of Alibaba (taobao.com) alone is equal to the entire US online selling. By the end of 2013, there are around 8 million stores on […]
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