Archive - Baiguan - China Insights, Data, Context

China's venture capital industry is dying

Two weeks ago, I wrote an article on my WeChat blog which set off a heated discussion in China about the fate of the venture capital industry. The…

Apr 16, 2024 •

PDD's secretive founder, his mentor and Warren Buffet - and why Financial Times was clueless

What can the world learn from Pinduoduo

Mar 14, 2024 •

Hangzhou: The city behind DeepSeek’s rise and why it’s just the beginning

Why there could be 100x more DeepSeeks on the way

Feb 11 •

Post-pandemic consumer spending in China: key trends from the WeChat and Alipay consumer transaction panel

Key trends from the WeChat and Alipay consumer transaction panel

Jan 10, 2024 •

China's "boom-era vibe" amid a deflationary reality

What macro data doesn't tell about China's consumer confidence

Jul 10 •

How Black Myth Wukong rose from a "worst" business model

The story behind the scenes, and implications for China's future gaming industry

Aug 30, 2024 •

How big of a problem are tariffs for China's economy?

Initial thoughts on market sell-off and opportunities ahead

Apr 7 •

How to understand today's China by looking at one of her richest towns?

Local impacts of trade war, decoupling, environmental regulation, industry consolidation and rising labor costs

Nov 9, 2023 •

China's food delivery price war: 0 yuan milk tea becomes reality

The latest on Meituan vs JD vs Ele.me - Leveraging BigOne Lab's exclusive public sentiment data in May–June 2025

Jul 8 •

Did people return to Shanghai and Shenzhen post-COVID? - Charts of the week

Latest population migration trends in Chinese cities in 6 charts

Jan 18, 2024 •

Understanding China’s future potential by studying a small 4th-tier city (Part 1)

As China is no longer growing as fast, what can we learn from the story of one of its most ordinary cities.

Aug 22, 2023 •

and

A practical guide to 3rd Plenum’s Decision for investors and business leaders

Innovate more and consume more

Jul 25, 2024 •

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