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News on Consumers & Retail in China

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China’s largest hair transplant firm files for a Hong Kong IPO
Jul 9, 2021 (WiC 548)

For long periods of their history, the Chinese have preferred not to cut their hair. Han Chinese men bunched up their locks into a bun and wrapped it in linen. “Our body, skin and hair are all given by our parents. We dare not injure them. This ...

Comment with caution

Xiaomi wins lawsuit over hostile customer review
Jul 9, 2021 (WiC 548)

The customer is always right” is a longstanding motto said to have been popularised by Harry Gordon Selfridge, who founded the upscale department store on London’s Oxford Street over a century ago. Of course, the concept has plenty of ...

The lure of Lanzhou

Why private equity investors are lining up to invest in noodle chains
Jun 25, 2021 (WiC 546)

When you mention Lanzhou to most Chinese people, the first thing that comes to mind is often the word “lamian” rather than the capital of Gansu province, which used to be a stop on the ancient Silk Road. Lanzhou lamian (which we featured ...

After last year’s pizzazz, a more muted 618 Day
Jun 25, 2021 (WiC 546)

In 2009, Alibaba’s now-CEO Daniel Zhang created the one-day shopping bonanza Singles’ Day. Only 27 merchants participated in the event on that initial November 11, but the e-commerce platform Tmall set a single-day sales record of Rmb52 ...

Brewing interest

Another Chinese ‘new tea’ chain heads for IPO in Hong Kong
Jun 18, 2021 (WiC 545)

Remember the last time a Chinese beverage chain reported rapid growth and steep losses but still pulled off a successful IPO? It would be hard to forget Luckin Coffee, the start-up that listed in New York in 2019, promising to take down Starbucks ...

Spicy investment

Meet the unicorn company that makes big money from hotpot ingredients
Jun 11, 2021 (WiC 544)

It is no secret that Chinese people love hotpot. Featuring a simmering pot of broth in which a vast selection of ingredients are dipped, it might be one of the easiest meals to cook. The preparation work, however, can be trickier than thought. It ...

Can Coca-Cola’s alcoholic drink be successful in China?
Jun 11, 2021 (WiC 544)

Coca-Cola has been selling sweet, dark soda since 1886. The beverage giant dabbled in wine in 1977, buying Sterling and Monterey Vineyards in California as well as New York’s Taylor Wine and creating a unit called Wine Spectrum. The subsidiary, ...

Bloomage wants women to drink hyaluronic acid
Jun 4, 2021 (WiC 543)

Taiwanese starlet Barbie Hsu, 44, once caused a stir by saying that if it wasn’t for hyaluronic acid – an injectable filler that tightens the face and wards off some of the signs of aging – “many female celebrities wouldn’t be able to ...

Gree to set buyback record for A-share market
Jun 4, 2021 (WiC 543)

Dong Mingzhu, the indomitable boss of Gree Electric, likes to lead from the front. The 66 year-old proved it again last year by hosting a series of livestreaming shows. And last week China’s biggest producer of air-conditioners was back in the ...

China’s most mysterious unicorn takes on Zara
May 28, 2021 (WiC 542)

Last September at Hong Kong’s Sohn conference, during which hedge fund managers pitch investment ideas to their peers, someone suggested shorting Inditex, the parent company of fast-fashion giant Zara. The hedgie argued that with the rise of ...

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