6 Continents Freight Network - China’s top car rental site files for IPO to raise $400 million

09 April

China’s top car rental site files for IPO to raise $400 million

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"Maintaining the illusion of uniqueness or exclusivity to one's peers -- 'keeping up with Jones syndrome' -- has always been critical to the appeal of foreign brands in China," said Adam Knight, co-founder of cross-cultural agency TONG, however. , these scarcity strategies will only add to the excitement and urgency of consumers. Additionally, they capitalized on Gen Z鈥檚 desire to stand out. 鈥淢aintaining the illusion of uniqueness or exclusivity to one鈥檚 peers 鈥?'Keeping up with Jones Syndrome' 鈥?has always been critical to the appeal of foreign brands in China. Gone are the days when having a classic Chanel or LV bag was enough Go back." Score with Chinese basketball fans. Long ago, Nike knew that the success of its shoes depended on the rise of basketball. That's why Terry Rhoads, the former Nike China sports marketing director, even donated equipment to Shanghai schools in the 1990s and organized Shanghai's first high school basketball league. Meanwhile, the NBA struck a deal with CCTV to broadcast its games, helping cement the popular American sport in local culture. Now, China has more than 625 million basketball fans, and the NBA China's operating value is as high as 5 billion US dollars.
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