The rise of Chinese domestic brands is the talk of the town. Chinese domestic brands leveraged "home court advantage" to identify consumer needs and create demand across social media and e-commerce. This has resulted in increased market share across a variety of product categories. It's our observation that Chinese domestic...
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Retail
With all the news out there right now, you may have missed this – two of China’s most recognisable restaurant chains have apologized for price hikes after re-opening restaurants after China’s quarantine measures eased. It is worth diving into what happened with these price hikes in post-covid China. Haidilao, a...
Accessible luxury (also called ‘affordable luxury’) refers to goods priced between mass fashion and ready-to-wear. Think Michael Kors, Kate Spade and Coach – brands that combine original design, excellent quality and distinct angles on heritage, with a price tag that allows the item to be a wardrobe addition every season. ...
In a previous article, we explained that China’s New Retail is a way to increase revenue and decrease cost in offline retail locations. This is to stave off the type of malaise physical retail has experienced in other markets. Due to popular demand, we’ve prepared a list of New Retail...
The concept of ‘New Retail’ has proven to be revolutionary since 2017. Much has been written about how shopping in China is more technologically advanced than it is in the West, but at what point did China’s tech surpass the West’s, and what was the country’s formula for producing this...
Have you heard of China’s New Retail, but aren’t quite sure what it is or how retailers can use it in their advantage? Read on to get up to speed in record time – all it takes is the time to read this blog post and 5 slides! New Retail...
Online versus offline was an “either-or” retail equation not long ago. The popularity of new retail is creating a more favorable third option that combines both in-shop and online experiences. All major Chinese tech giants including Alibaba, Tencent, JD, Xiaomi, and Meituan have made similar moves. And now Kaola from Netease,...
>> Hey! >> The 2020 Calendar is out now. >> Click here China’s cross-border e-commerce & domestic e-commerce market continues to see high double-digit growth year on year. A recent publication from the Chinese government mentioned that between January and October 2018 retail imports of cross-border e-commerce reached 67.2 billion...
The multinational Chinese company Alibaba Group and the Fung Retailing, the retail business of the Fung Group, announced a strategic partnership last week. This collaboration will be built on the strengths of both parties in online and offline retailing, since Alibaba has over 600 million users while Fung Retailing has...
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...