ities have grown more quickly than in big cities, including clothing, food, beverages and home appliances, Chen added.
During Spring Festival in February, small-town youths in third- an
d lower-tier cities outperformed their peers in bigger centers of population in consu
mption across major e-commerce platforms, including the number of orders placed and the range of products bought.
In third- and fourth-tier cities, total online spending during Spring Festival rose by 55 percent year-on-year, comp
ared with 51 percent in first-tier metropolises. Spending by small-town youths on beauty products rose by 7.8 perc
ent year-on-year, compared with a 5.4 percent increase among their peers in larger cities, according to a report rel
eased by Tmall－Alibaba’s e-commerce platform－and market research company Kantar Worldpanel.
Small-town youths have also boosted the movie industry. For example, in the first quarter of this year, some
56 percent of the box office for The New King of Comedy came from lower-tier cities, as did 46 percent for Crazy Alien.
eituan Dianping, China’s leading on-demand online service provider, is the youngest among China’s 10 most powerful businesspeople, according to the list.
Dong Mingzhu, chairwoman of Gree Electric Appliances, a major home appliances maker
based in Zhuhai, Guangdong province, is the only woman entrepreneur on the top 10 ranking, placing seventh.
Xu Jiayin (Hui Ka Yan), chairman of China’s property developer Evergrande Gro
up, and Lei Jun, founder of smartphone maker Xiaomi Group, also made the top 10.
The China Consumers Association said Wednesday that financial servi
ces in automobile sales should be clearly priced and forced transactions eliminated.
The association held a discussion Wednesday morning on the issues of fina
ncial service fees in automobile sales and car buyers’ difficulties defending their rights.
The discussion concluded that car dealers fabricate required ite
ms to increase consumers’ payments and fail to provide receipts or other certificates.
When disputes over quality arise, consumers often experience difficulties negotiating with dealers or lodging complaints.
I’d like to see more films made in China reaching out to the world,” said American dir
ector Rob Minkoff, jury president at the main competition of the 2019 Beijing International Film Festival.
Best known for the celebrated Disney classic The Lion King, Minkoff has also directed a num
ber of animated films including Stuart Little, The Haunted Mansion and Mr. Peabody & Sherman.
In a press conference held last Thursday, Minkoff said Beijing is the heart
of the Chinese film industry. The BIFF attracts film productions from around the world, boo
sting development of filmmaking. With a global jury panel, the festival has become an international affair.
In light of the remarkable progress made by online subscription services like Netflix
and Amazon, Minkoff thinks these platforms offer a promising alternative to big-budget Hollywood blockbusters.
Having closely worked with Netflix on an original animated series based on Anna Dewdney’s picture book franchise Llama Lla
ma, he thinks its business model guarantees more liberty for the creator, thereby leading to more eclectic content.
form for people from the two nations to enjoy excellent cinematic works of b
oth countries, but also a starting point for more and deeper cultural exchanges,” sai
d Hou Sheng, secretary-general of Dehong Dai and Jingpo autonomous prefecture.
Last year, a cross-border marathon was organized by the prefecture. Abo
ut 10,000 runners participated in the marathon, which started from Ruili and inclu
ded 7 kilometers in Muse, Myanmar, before re-crossing the border back to the Chinese city.
The first two films screened were Flying Swords of Dragon Gate, a 2011 3D m
artial arts film featuring Jet Li and Zhou Xun, and Am
zing China, a 2018 documentary reviewing the country’s achievements in science, technology and economy.
Firm likely to be largest smartphone vendor in the world by end of this year
Huawei Technologies Co said on Thursday that it aims to grow the revenue of its consumer business group, which chiefly includes
smartphones and personal computers, to $100 billion in three years and to $150 billion in five years.
The announcement came after the company’s consumer busin
ess group posted $52.5 billion in revenue last year, up 45 percent year-on-year. Th
at also marked Huawei achieving the target of $50 billion two years ahead of schedule.
Yu Chengdong, CEO of Huawei’s consumer business group, said five years later, smartphone
s will account for about two-thirds of its $150 billion revenue goal, and computers, smartwatches as well as oth
er internet of things devices are likely to account for about one-third or 40 percent of its CBG revenue.
According to Yu, Huawei is likely to become the largest smartphone vendor by the end of this year at the earliest, althoug
h its products are not available in the United States and South Korea due to “nonmarket factors”.