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News on Consumers & Retail in China

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Robert Kuok’s food firm is now the most valuable ChiNext stock
Oct 23, 2020 (WiC 515)

Two years before founding his agribusiness conglomerate Wilmar International in Singapore, Kuok Khoon Hong – nephew of Malaysian tycoon Robert Kuok – had already sought to upend China’s edible oil market. Since 1991, when Kuok launched the ...

New Alibaba stores sell everything for one yuan
Oct 23, 2020 (WiC 515)

At Alibaba’s newest store all of the goods are priced at just one yuan, or $0.14. It’s a staggeringly low figure: even the cheapest item at McDonald’s outlets in the US – a chocolate chip cookie that sells for 39 cents – would fail to ...

Bars with booze

A growing market for liquor-laced ice cream
Oct 9, 2020 (WiC 514)

A ‘blackout’ is defined in the Oxford English Dictionary as “a temporary loss of consciousness”. It might seem like a strange choice of name for a brand of ice cream bar. But in this particular case it seems rather more appropriate: a ...

How a breakfast bun retailer became a breakout hit
Oct 9, 2020 (WiC 514)

From a single breakfast outlet in Shanghai to a 2,799-store franchise across China, Babi Mantou makes more than Rmb1 billion ($147.2 million) in sales a year selling buns. They range from the savoury pork-and-vegetable classic to sweeter options ...

Overseas ambitions

China’s white goods giants line up to bid for Philips’ appliances brands
Oct 2, 2020 (WiC 513)

Who would bet against China’s ‘white horses’? Two of the best known are set for a gallop across foreign fields this autumn, prompting investors to retrain their binoculars on their sector: white goods. China’s leading stocks are ...

Local lingerie firm sees surge in online sales
Sep 25, 2020 (WiC 512)

This month, Chinese singing legend Faye Wong surprised fans when she made a rare appearance on Taobao Live, the livestreaming platform owned by Alibaba. The singer, who has drastically cut down on her public performances in recent years, sang ...

Bun firm hits the headlines
Sep 25, 2020 (WiC 512)

“You’re in big trouble, Goubuli called the cops!” declared a recent posting on Sina Weibo about travel blogger Gu Yue. On September 10, the same platform shared a video of Gu’s review of the buns at a Beijing branch of the restaurant ...

Playing chicken

Will the owner of KFC in China be caught in the Sino-US crossfire?
Sep 18, 2020 (WiC 511)

When the Chinese embassy in Belgrade was hit by US bombers in May 1999, anti-American protests quickly erupted across China. Thousands took to the streets in Beijing, throwing stones, paint and eggs at the American embassy to express their ire ...

How a tycoon jumped from software to seltzer
Sep 18, 2020 (WiC 511)

“You can rank 10th and 20th or even 100th if you are in a promising industry. That’s far better than being first in a rotten industry,” was the advice from Tang Binsen to a group of aspiring entrepreneurs. Tang knows a few things about ...

The new Moutai?

Massive oversubscription for bottled water IPO
Sep 4, 2020 (WiC 509)

Evian has long claimed that its water, sourced from a small town in the French Alps, is a geological miracle: rainfall and snow is sluiced through glacial rocks, resulting in water full of electrolytes. Nongfu Spring, China’s bestselling ...

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