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News on Consumers & Retail in China

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Brewing interest

Another Chinese ‘new tea’ chain heads for IPO in Hong Kong
Jun 18, 2021 (WiC 545)

Remember the last time a Chinese beverage chain reported rapid growth and steep losses but still pulled off a successful IPO? It would be hard to forget Luckin Coffee, the start-up that listed in New York in 2019, promising to take down Starbucks ...

Spicy investment

Meet the unicorn company that makes big money from hotpot ingredients
Jun 11, 2021 (WiC 544)

It is no secret that Chinese people love hotpot. Featuring a simmering pot of broth in which a vast selection of ingredients are dipped, it might be one of the easiest meals to cook. The preparation work, however, can be trickier than thought. It ...

Can Coca-Cola’s alcoholic drink be successful in China?
Jun 11, 2021 (WiC 544)

Coca-Cola has been selling sweet, dark soda since 1886. The beverage giant dabbled in wine in 1977, buying Sterling and Monterey Vineyards in California as well as New York’s Taylor Wine and creating a unit called Wine Spectrum. The subsidiary, ...

Bloomage wants women to drink hyaluronic acid
Jun 4, 2021 (WiC 543)

Taiwanese starlet Barbie Hsu, 44, once caused a stir by saying that if it wasn’t for hyaluronic acid – an injectable filler that tightens the face and wards off some of the signs of aging – “many female celebrities wouldn’t be able to ...

Gree to set buyback record for A-share market
Jun 4, 2021 (WiC 543)

Dong Mingzhu, the indomitable boss of Gree Electric, likes to lead from the front. The 66 year-old proved it again last year by hosting a series of livestreaming shows. And last week China’s biggest producer of air-conditioners was back in the ...

China’s most mysterious unicorn takes on Zara
May 28, 2021 (WiC 542)

Last September at Hong Kong’s Sohn conference, during which hedge fund managers pitch investment ideas to their peers, someone suggested shorting Inditex, the parent company of fast-fashion giant Zara. The hedgie argued that with the rise of ...

Raising the bar

Meet the ‘Hermès of ice cream’
May 28, 2021 (WiC 542)

Despite its exotic sounding name, Häagen-Dazs was founded in New York by a Polish immigrant in 1959. He reckoned that ice cream lovers would be more willing to splurge for something with a foreign name so he came up with what he thought sounded ...

Pay-to-view, in reverse

Why Tencent is giving people ‘coins’ to watch videos on its new app
May 21, 2021 (WiC 541)

“Remember that time is money. He that can earn ten shillings a day by his labour, and goes abroad, or sits idle one half of that day, though he spends but sixpence during his diversion or idleness, it ought not to be reckoned the only expense; ...

Reviewing the reviews

Eleven Chinese brands barred from Amazon’s US site
May 21, 2021 (WiC 541)

Amazon closed its Chinese site, Amazon.cn in 2019 after failing to crack a market dominated by domestic giants like Alibaba and JD.com. But that didn’t mean the e-commerce giant had given up on China completely. In fact, Amazon has been ...

The Alibaba effect

More Chinese firms target Hong Kong shoppers
May 14, 2021 (WiC 540)

In 2013, the Hong Kong government sparked a public outcry over its refusal to give a television broadcast licence to Hong Kong Television (HKTV). Formerly known as City Telecom, the company was founded by Ricky Wong, who in the 1990s made his ...

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