12. How traditional businesses and industries in China reinvented themselves during COVID-19 and what we can learn from their successes | Solo Episode

March 27, 2020

Listen to this episode on:

Now that China is recovering from COVID-19 while the rest of the world dips into quarantine, what did Chinese businesses do to succeed during these turbulent times? What interesting strategies did we see so that we can know what to expect in other places in the world?

By learning from what Chinese businesses did, what industries or cases ended up doing really well, we can take action today to make sure us as individuals and our companies make it out of this crazy time better than when the virus even started.

In this episode I talk about how businesses in the food, retail, entertainment, and e-learning industries in China re-invented themselves during the coronavirus crisis so that they can come out stronger. We also touch on consumer behavior during and after social isolation and what we can expect from the rest of the world.


Topics

Food and Retail

  • How mega platforms are helping sellers
  • Live-streaming and e-commerce
  • Employee Sharing
  • Community New-Retail

Entertainment

  • Media and Tech Partnerships
  • Live-stream
  • Renting assets

Online Education

  • Social function and user loyalty
  • Fragmented Learning
  • Customized Products
  • Platform Characteristics

Consumer Behavior

  • 35% of consumers claimed that they tried out a new service or product
  • Most consumers can't wait to dine out, shop, and travel again

Takeaways

  1. This is an opportunity to solve new consumer problems
  2. As consumers try new products and services, the challenge will be retaining them after the crisis when they have more options
  3. Industries will bounce back


You can connect with me on Instagram @getworldsavvypodcast or on LinkedIn: https://www.linkedin.com/in/xuivy/

Join the Community

I am creating a community of like-minded listeners to share relevant news, insights, as well as events and job opportunities.

Follow this podcast wherever you listen from: