Alibaba and JD.com battle to capture rural China's spending power
Alibaba and JD.com battle to capture rural China's spending power
- November 6, 2016
- Wang Feng, sociology, via Bloomberg Technology, Nov. 6, 2016
“Rural populations, especially the young rural population, are not what we knew before,”
said Wang Feng, a professor of sociology at the University of California, Irvine.
“They are the best-ever educated rural youth in Chinese history. Their parents --
as migrants or farmers -- worked hard, and then they gave the young people the capacity
and resources to be able to consume.”
For the full story, please visit https://www.bloomberg.com/news/articles/2016-11-07/alibaba-and-jd-com-battle-to-capture-rural-china-s-spending-power.
Share on:
Related News Items
- Wang Feng and Gene Tsudik are named 2024 Guggenheim Fellows
- China's Age of Abundance: Origins, Ascendance, and Aftermath
- How China is tackling a population crisis
- China is facing a brutal reality as it desperately tries to fix its population decline problem
- China's population declines for the 2nd year in a row
connect with us