Month: June 2017

15 Chinese cities join the ranks of Beijing, Shanghai, Guangzhou and Shenzhen as ‘first-tier cities’

Numerous news and information outlets with an eye on China reported that in May, China’s financial news group Yicai released its 2017 ranking of Chinese cities (Chinese here; English here). Rankings are based on each cities’ commercial appeal and stem from a comprehensive study carried out by The Rising Lab, a subsidiary of Yicai. Joining first-tier powerhouses Beijing,…

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Technology disruptions are advancing across all industry sectors, and the legal profession is no exception. Are lawyers being assisted or replaced?

“Legal innovation has lagged compared with other industries.” So says Mark A. Cohen in his 1,300-word opinion piece about the convergence of law and tech penned for Forbes.com (‘Legal Innovation’ Is Not An Oxymoron — It's Farther Along Than You Think). In the article, Cohen sheds light on a wave of artificial intelligence (AI) and…

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A refresher on the Chinese fapiao 发票 (receipt, invoice) — what you need to know

With important policy implementations recently being made by China’s State Administration of Taxation regarding China VAT general invoices, we felt it would be appropriate to offer a Chinese fapio (发票) refresher post — or more accurately, provide a few links to posts explaining the fapio system. The Chinese fapio is a legal receipt that serves as proof…

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