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News on Consumers & Retail in China

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Luckin Coffee runs into trouble as Heytea raises fresh funds from Hillhouse
Apr 10, 2020 (WiC 490)

As the saying goes, if it sounds too good to be true it probably is. Luckin Coffee, an investor darling after it raised $650 million in an initial public offering on Nasdaq last May, burst its own bubble last week, with news of an investigation ...

From brands to broadcasters

Luxury firms look to streaming to combat battered sales
Apr 10, 2020 (WiC 490)

Like all consumer goods firms, the luxury labels are desperate for the coronavirus crisis to come to an end. After all, a trip to a flagship fashion store is about as far from the definition of shopping for essential items as you can get. And ...

Big shoes to fill

Ex-transport boss takes the helm at Moutai
Mar 27, 2020 (WiC 488)

What experience could be so irresistible that even the risk of catching the coronavirus pales into insignificance? In the UK it’s going to see the Stereophonics, it seems, after thousands of fans packed into an arena to watch the band on March ...

As more people work from home, Nongfu launches new coffee brand
Mar 20, 2020 (WiC 487)

For years Starbucks has marketed itself as a ‘third place’ where people gather outside their homes or workplaces, contributing to a new sense of community (and paying for a latte or two at the same time, naturally). Over the last year or ...

That’s the spirit

Tsingtao jumps on the whisky bandwagon
Mar 13, 2020 (WiC 486)

At a time when every state in the US now boasts a distillery – including Hawaii – and countries like India and Australia are making their own whisky as well, it should come as no surprise that China wants its own whisky sector. In April ...

Grabbing a bite

Pepsi acquisition shows allure of China’s online snack retailers
Mar 5, 2020 (WiC 485)

Cinema operators have been some of the hardest hit businesses during the Covid-19 outbreak. Many have resorted to selling popcorn, soda and other treats online in a bid to recoup some of the losses from theatre closures and the delay of major ...

Local star Luckin sees stock fall a third in days
Feb 14, 2020 (WiC 482)

The best recipes for stock bubbles need a fanciful growth story. Take the South Sea Company in the eighteenth century, whose shares inflated over 10 times in a matter of months on hopes that it would bring back a vast hoard of gold and silver ...

Escape to the country

One of China’s most successful influencers is selling the rural dream
Jan 24, 2020 (WiC 480)

In one video, she hand-dyes a dress with fresh grape juice. In another, she spins yarn from wool from her own sheep and builds her own bed from freshly-cut bamboo. When it comes to food, she relies on natural ingredients from her backyard, ...

Distilling the truth

Investor favourite Kweichow Moutai experiences choppier times
Jan 17, 2020 (WiC 479)

Usually falling in late January or February, the Chinese Lunar New Year is the domestic movie industry’s most important period for box office earnings. But before the big screen bonanza gets going, China’s anti-corruption authorities usually ...

Playing chicken

Popeyes aims to catch up with KFC in China
Dec 6, 2019 (WiC 477)

American fried chicken chain Popeyes launched a new chicken sandwich in the summer that sold out within two weeks of its debut. A relaunch in early November again created long lines of customers – a man in Maryland was even stabbed after ...

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