Still a status symbol, as well as companion and even furry family member, Chinese consumers’ spending on pets has evolved in recent years turning China's pet market into one to watch. Overall, China's urban pet (dog and cat) consumer market is expected to surpass the threshold of 200 billion yuan...
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Middle Class
The average Chinese national goes on holiday just ones a year. And there is mounting expectation to make it count. That’s especially true for young urban Chinese, who work hard and want to put their limited annual leave to good use. This has been a boon for what we call...
$200 may sound like a lot to pay for a whitening serum by Korean beauty brand Sulwhasoo. But for Beijing based Yiyang Li, it’s worth the price. The average Chinese Female Middle Class Consumer uses 14 beauty products for their skin, hands and face, according to L'Oréal experts we have...
Funds will be used to upgrade all of IKEA’s existing stores in China while adding a network of smaller stores in central urban locations. The initiative also aims to enhance IKEA’s e-commerce resources and digital innovation in the country, where the retail giant’s growth has slowed in recent years. “China’s...
The first China International Import Expo (CIIE), hailed as symbol of China opening up, was held from Nov. 5 to Nov. 10, 2018 in Shanghai. During the expo Chinese firms signed import deals worth more than 57.8 billion US dollars which included sectors such as smart manufacturing, consumer goods, food...
The Singles' Day event has grown into the world's largest online shopping festival. The total revenue of 2018 represents a 27% increase from 2017 setting a new record with $30.8 billion in sales. However, this represent the lowest-ever annual growth rate for the event which might be a consequence of...
This is the first article in short three-piece series called: “Why China?” Read on to find out why some of America’s biggest retailers are focusing on selling in China over the US. A country of firsts Earlier this month, Starbucks opened its doors to welcome customers to its largest mega-store...