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News on Consumers & Retail in China

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Fifteenth-time lucky?

China’s most persistent entrepreneur thinks he’s finally found success
Jul 29, 2022 (WiC 595)

Six months after Qudian went public in New York in 2017, the company founder and chairman Luo Min declared that until the consumer lending platform reached $100 billion in market value, he would relinquish his salary and bonus. Since then, it ...

Dior’s mamian skirt debacle causes a stir online
Jul 29, 2022 (WiC 595)

Last week, luxury brand Dior was embroiled in a controversy in China over the design of a skirt, which some accused of being a direct rip off of the design of a traditional Chinese garment from centuries ago. The item in question is a $3,800 ...

Right ingredients

IPOs signal investors favour tea chain suppliers
Jul 22, 2022 (WiC 594)

Even though its share price had more than halved in the year since its initial public offering in Hong Kong, upmarket tea drink brand Nayuki still wanted to celebrate the anniversary of its market debut. In late June it announced that it was ...

Consumers at melting point

Controversy over local ice cream centres on high prices and how it melts
Jul 15, 2022 (WiC 593)

Ice cream brand Zhong Xue Gao has always prided itself on using the best all-natural ingredients. That helps to support its hefty prices: the Ecuador Pink, its most expensive offering, promises pink cocoa powder from the South American country, ...

Yum launches a tea chain
Jul 15, 2022 (WiC 593)

What would Colonel Sanders have made of it? On June 29, a netizen on social e-commerce platform Little Red Book posted that KFC had opened a tea shop in Suzhou called Grandpa Free Tea – playing on the grandfatherly image the fast food chain has ...

Scandinavian blues

Following IKEA, fellow Swedish firm H&M in China store pullback too
Jul 8, 2022 (WiC 592)

Swedish fast-fashion giant Hennes & Mauritz (H&M) first set up shop in mainland China in 2007, when it unveiled a three-storey flagship store in one of Shanghai’s busiest shopping districts . Last week Chinese media reported that the ...

Two dental rivals launch IPOs
Jul 8, 2022 (WiC 592)

For older generations of Chinese that adhere to more traditional beliefs about health, a ‘must’ is the avoidance of cold foods and drinks. That outlook was prevalent in 1996 when one of China’s most popular toothpaste brands Lengsuanling ...

The youth trade

Profitable collagen firms on investors’ radar
Jun 30, 2022 (WiC 591)

Collagen, its champions say, is the miracle ingredient that will leave your skin fresh, your bones strong, and your joints pain-free. Collagen-infused powders, pills and facial masks have flooded the market. But collagen makers now need to ...

Less confident consumers

Does the 618 event point to slowing growth in the Chinese economy?
Jun 24, 2022 (WiC 590)

Was the 618 online shopping festival a riot of consumer confidence after lockdown measures had eased or further evidence that demand has dropped and the Chinese economy is slowing? Well, it depends who you ask. According to Xinhua 618 was a ...

Why IKEA shutting a store in Shanghai was a hot topic
Jun 24, 2022 (WiC 590)

Zhang Meng, a college student in Shanghai, used to spend her weekends walking around the IKEA store in Shanghai’s Yangpu district with her friends, she told JRJ.com, a financial news site. Sometimes the design major liked to roam the store for ...

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