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News on Consumers & Retail in China

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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 ...

Ren’s 5G baristas

Is Huawei set to take on Starbucks in coffee push?
Jun 17, 2022 (WiC 589)

Ren Zhengfei is not a coffee drinker. But that hasn’t stopped the founder of Huawei from becoming a coffee devotee. He’s known to have joked that when he retires, he would like to open a coffee shop. He has also been quoted (repeatedly) ...

Moutai unveils its new liquor-infused ice cream
Jun 10, 2022 (WiC 588)

Of the world’s culinary oddities, the deep-fried Mars bar must feature high on the list. The Carron Fish Bar in Stonehaven (on Scotland’s northeast coast) proudly claims to have invented it after plunging the first chocolate bar into a tub ...

Not clicking like it used to

How lockdowns and crackdowns have hurt China’s e-commerce giants
Jun 3, 2022 (WiC 587)

For decades the ‘Four Great Inventions’ of the compass, gunpowder, papermaking and printing have been celebrated as historic examples of ancient China’s innovative spirit. Less well remembered is that this was an imported idea, first ...

Profits unleashed

IPOs signal growth in Chinese pet industry
Jun 3, 2022 (WiC 587)

The last two years have been a worrying time for pet owners in some parts of China: tough Covid lockdowns have led to concerns that dogs could be culled if their owners go into institutional quarantine, for instance, as happened in Shanghai this ...

Luxury labels look beyond the pandemic for China profits
May 20, 2022 (WiC 585)

Wearied by weeks of home lockdowns, the fashion-conscious residents of Shanghai found a new way of lifting their spirits last month. With virus prevention officials making periodic visits to residential compounds as part of citywide testing ...

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