China Consumer « Week In China

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China Consumer

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Why luxury brands are apologising to China
Aug 23, 2019 (WiC 463)

China is expected to overtake the US as the world’s largest consumer market this year, according to New York-based research firm eMarketer. So it’s not hard to see why international brands were quick to apologise when they got caught in the ...

Tougher times for Japanese retail brand in China
Aug 23, 2019 (WiC 463)

Back in June, there was news that Miniso, a Muji-lookalike in China that sells a range of no-brand, no-logo lifestyle and household goods, was looking to raise as much as $1 billion in an IPO. Founded in 2013, Miniso has a strategy that ...

KFC enjoys success with bold new menu for China’s late night snackers
Aug 2, 2019 (WiC 462)

Chowing down food between 11pm and 6am doesn’t earn your doctor’s approval. But a lot of Chinese are undeterred by the warnings against late-night snacking. In cities across the country, street hawkers sell meat skewers, crayfish and ...

Why Chinese snack companies are rushing to IPO
Jul 19, 2019 (WiC 460)

Three Squirrels set an unusual precedent when it went public on the Shenzhen stock exchange last Friday. Instead of having the chief executive or chairman ring the bell, it asked three people dressed as squirrels to officiate. They represented ...

Carrefour announces partial exit from China
Jul 5, 2019 (WiC 458)

Such was Carrefour’s reputation when it first came to China in 1995 that the French hypermarket chain earned local status as the retailing equivalent of the Whampoa Military Academy (set up in 1927 as China’s version of West ...

German giant Aldi arrives in Shanghai with two new stores
Jun 21, 2019 (WiC 457)

Trader Joe's has a reputation for bargain-priced booze, especially Charles Shaw wine, or “Two-Buck Chuck” (a reference to its original price of $2 a bottle). Today the price for ‘chuck’ – which comes in multiple reds and whites – ...

A service for expats that makes e-commerce easier
Jun 21, 2019 (WiC 457)

Turn the air purifier on throughout the day; don’t give clocks as gifts; and try not to get annoyed when people take so many pictures of their food when they dine out. These are some of the things foreign expats gradually figure out when ...

‘Tao labels’ is a threat to bigger fashion retailers
Jun 7, 2019 (WiC 455)

There were some unexpected findings in Taobao’s fashion trend report published earlier this year. First, there were more women looking for blazers and suits than men during the first quarter – with the iron-lady, oversized style being the ...

OYO is a rare Indian success story in China
Jun 7, 2019 (WiC 455)

In 1925 Arthur Heineman spotted a market niche: a new type of hotel with garage parking. In the town of San Luis Obispo he opened what he termed as the first ‘motel’ to cater to people driving between San Francisco and Los Angeles. Motels ...

Is Luckin Coffee a serious challenger to Starbucks in China?
May 10, 2019 (WiC 451)

Starbucks’ business in China was lossmaking for the first nine years after it opened its first cafe in Beijing in January 1999. Investors weren’t happy with all that red ink but company founder Howard Schultz argued that some pain was ...

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