Trending in China: JD Power Couple Meets Canadian Governor General and 'Sharable Beds' Banned

JD power couple met with Canadian Governor General to promote Canadian tourism People on Weibo are praising the elegant behavior of JD CEO’s wife, Zhang Zetian, who accompanied her husband, Liu Qiangdong, to meet David Johnston, Governor General of Canada, who made an official visit to the People's Republic of China from July 10 to 14. The meeting was a celebration of JD's partnership with Canada in which Canadian consumer goods will be included in JD's fresh food delivery service, which brings vegetables, fruit, raw meat, and seafood like lobster and salmon direct to consumers' homes. Taking advantage of JD’s 48-hour delivery service, this strategic move will enable Canada to export more goods, and fulfill the high demand by Chinese consumers for fresh seafood. During the one-day-long promotion after the celebration, more than 140,000 live lobsters were sold. Weibo user: “Even though Zhang is only 24 years old, she has made a successful transition to becoming the professional partner of the e-commerce leader.” Leshi picks new board as creditors protest its parent company LeEco A shareholder meeting for Leshi, a listed unit of the Chinese tech group LeEco, ended with protest from creditors on Monday. The shareholders failed to elect a chairman to replace outgoing chairman, Jia Yueting, who is the founder of LeEco. “To figure out relevant trading is our priority,” said Shenzhen-listed Leshi's CEO Liang Jun at the recent shareholder meeting in Beijing. The meeting finished early, after only 20 minutes, due to the protest outside. Yueting, LeEco’s former CEO, and its largest shareholder, was absent from the meeting. He was in the US trying to get more financing, according to the company's staff. Meanwhile, Leshi is trying to distinguish itself from the debt-filled LeEco and told protestors that the money was owned by LeEco, and earlier this month, Jia had pledged to repay its debt. Weibo user: “Now LeEco can realize the consequences of using everyone’s money to chase its own dream.” More than half of Chinese newly college graduate's income is below $740 People are concerned about the future of Chinese millennials. According to a recent LinkedIn survey of the generation of Chinese people born in 1995, who are graduating college in 2017, the income of more than half of that population is below 5000 yuan (roughly $740). They struggle to survive yet thrive to pursue self-value. 30 percent of the recent graduates chose to become freelancers or entrepreneurs instead of looking for a full-time job. Weibo user: “5000 RMB is really not that bad if you are living in a third tier city in China.” Shanghai shareable bed was banned after four days of operation After shareable bikes, cars and umbrellas, “sharable beds” have emerged in Shanghai and Beijing’s public space to offer a moment of rest for busy city people. “Sharable bed” is similar to capsule hotel in Japan, it allows the user to register herself. And it's cheap — roughly $1 dollar for half an hour. Customers will receive a disposable blanket and pillow ahead of time, and enter the space by scanning the QR code outside of the bed. Concerned about the security risks, the local policemen called a stop to the service for its lack of a hotel business registration license. Weibo user: “It’s exactly like the capsule hotel, the shareable economy frenzy is going too far.”

Trending in China: JD Power Couple Meets Canadian Governor General and 'Sharable Beds' Banned

On this page

Published July 17, 2017

Sectors

Insights

Company

Get Started with

SUBSCRIBE for full access to analysis, insights, and coverage.

Trending in China: JD Power Couple Meets Canadian Governor General and 'Sharable Beds' Banned