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McKinsey Quarterly

China Country Risk Climate: Shopping Malls are Losing Ground to e-Commerce

According to a McKinsey report Chinese mall developers go bankrupt —especially state-owned ones. Shopping malls are losing ground to the online marketplace.  While overall retail sales are growing, e-retail sales jumped by 50 percent in 2013. Although the rate of growth may slow in 2014, it will be significant.  Yet developers have already announced plans to increase China’s shopping-mall capacity ... Read More »

China: CIOs to Become a Hot Commodity

McKinsey opines in a recent article on ‘What could happen in China in 2014?” that the importance of the role of the CIO is growing. There is a paradox when it comes to technology in China. On the one hand, the country excels in consumer-oriented tech services and products, and it boasts the world’s largest e-commerce market and a very ... Read More »