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News on Consumers & Retail in China

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China’s Peloton looks to push through its IPO
Mar 4, 2022 (WiC 575)

Peloton was one of the big winners from the pandemic. When all gyms were closed in 2020, fitness fans didn’t have a way of feeding their habit. Many purchased Peloton’s stationary bikes despite their hefty price tag. The company’s stock ...

Leading oral healthcare brand readies for a Hong Kong IPO
Feb 25, 2022 (WiC 574)

As Cervantes put it in Don Quixote: “Every tooth in a man’s head is more valuable than a diamond.” That often wasn’t always the view in Chinese society, although larger numbers of Chinese are now paying much more attention to their dental ...

A rough time in the rag trade

Bytedance tries and fails to take on SheIn, then exits fast fashion – very fast
Feb 25, 2022 (WiC 574)

It is often said that imitation is the sincerest form of flattery. So it should not have come as a big surprise that SheIn, a low profile Chinese fashion retailer that has dethroned Zara and H&M as the world’s leading ultra-fast fashion ...

The hottest selling item in China right now is Beijing’s Olympic panda
Feb 18, 2022 (WiC 573)

In 2008, the Beijing Olympics had not one but five mascots (one of which was a Tibetan antelope). More recently, the mascot of the 2021 Summer Olympics in Tokyo was a cat-like robot called Miraitowa (the Japanese words “mirai” means future ...

Problems percolating for Heytea as growth slows
Feb 18, 2022 (WiC 573)

In 2017, a food blogger asked the burning question that many consumers – who’d spent hours queuing in line at Heytea – wanted an answer to: is Heytea really that good or were people getting hyped up over nothing? The tea chain, of ...

Walking the wok

Why Chinese food chains have become a hotspot for IPO investors
Feb 11, 2022 (WiC 572)

For a sign that Beijing’s ongoing crackdown on the lucrative tech sector has sent investors in search of alternative markets, look no further than the growing list of restaurant chains that are looking to go public. Last week, Country Style ...

Wahaha is expanding into the booming baijiu business
Feb 11, 2022 (WiC 572)

It became apparent it’s not easy to make money in the China market when Coca-Cola saw the need to deviate from its traditional soft drink formulas and launch a health supplement drink (see WiC495). The same logic may also apply to Wahaha. ...

The handbag index

Celine handbags in focus as inflation hits the luxury goods sector
Jan 28, 2022 (WiC 571)

The world is grappling with soaring consumer prices. The US, for instance, is struggling with the highest inflation in 40 years. China’s consumer inflation, on the other hand, has been subdued over the past year or so, largely because of the ...

Beautiful coding

Why AI giant SenseTime is moving into cosmetics
Jan 21, 2022 (WiC 570)

After raising over $500 million in an initial public offering in Hong Kong (see WiC568), it didn’t take long for AI technology firm SenseTime to put some of the proceeds to use. In early January, tech news portal Cyzone reported that ...

Bird’s nest maker to test IPO market’s appetite
Jan 21, 2022 (WiC 570)

Bytedance’s investment in Weinian Brand Management looked doomed from the start. Not long after the two announced a deal – which saw the parent company of TikTok acquiring a 1.5% stake in the influencer incubator last July – Weinian was ...

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