David Roth
@davidrothlondon
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David is the CEO of The Store @WPP, EMEA and Asia. The WPP Global Retail Practice. Author and China expert.
Joined May 2009
China’s 2021 Q1 online retail sales show sustained recovery. Total online retail sales January-March + 30% , 2.81 trillion RMB ($US 434.5 billion)
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China was the EU’s top trade partner in 2020. The country’s quick economic recovery from Covid-19 helped propel it above the US to the top spot.
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When is Davos not in Davos. In 2021. The WEF is moving to Singapore due to its low covid rate for its annual forum which will be in March 2021. Back in the cold and snow for 2022.
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China’s trade surplus arrived a new record. May was a previous record mainly from a drop in imports...but November’s was clearly driven by 21% increase in exports—even with a 13% decline in exports to India in the first 11 months of 2020
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China has successfully landed a lunar probe on moon. Called Chang'e 5 after the Chinese goddess of the moon it will spend a few days days collecting soil and rock samples, guided by China mission control on earth.
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It looks like Chinas Tencent is investing in Udemy. The latest funding round is valuing Udemy at around $3 Billion.
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one year since the Disney+ streaming service launched - Disney+ has 73.7 million subscribers
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Kuaishou, Chinese short video platform has applied to list on the Hong Kong Stock Exchange. An IPO which will raise billions.
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Alibaba results for the quarter ended September 30, 2020 showed the group revenue up by 30 % year on year. Annual active consumers on the platform 757 million + 15 million from the twelve months ended June 30, 2020.
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Ant IPO - the biggest in the world - is now on hold. Shanghai Stock Exchange said listing suspension due to material changes in regulatory stance on financial services. with slight falls in Alibaba stock on NY exchange Jack Ma has has some $3 billion reduction in his net worth
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