Alibaba and JD.com have forged a new holiday tradition by discussing anything but the revenue generated by the nation’s annual 11.11 “Singles’ day” e-tail frenzy. November 11 has long been an unofficial and slightly ironic holiday in China, as the day celebrates single life – in contrast to the many other Chinese festivals that emphasize…
“When we look into offline retail, design and architecture, it’s fascinating to see a beautiful combination of nature, humanity and business. It’s even more fascinating to see Chinese consumers are pushing the industry to think more and think outside of the box. A wonderful event brings lots of inspiration to us. Thank you CBBC for…
This article was originally published on ETFTrends.com. China continues to work out its real estate issues. But keeping the second largest economy afloat will be a thriving e-commerce business. The majority of the world is struggling with inflation and high interest rates. Yet Chinese consumers continue to spend time shopping online. “Bolstered by a remarkable…
Budweiser China is making waves in the high-end beer scene with the launch of its first-ever organic beer. Dubbed the “Brewmaster Organic”, the newly launched beverage strictly adheres to organic production standards throughout its production process. Maintaining a commitment to natural processes, the beer is free from genetically modified seeds, chemical pesticides, or fertilizers. In…
SHANGHAI, Sept 14 (Reuters) – Chinese luxury liquor-maker Kweichow Moutai (600519.SS) is again looking to diversify from its fiery baijiu spirit core business to attract a new generation of consumers via a sweet collaboration with Mars, Inc.-owned Dove. The companies jointly announced on Thursday they would release limited edition alcohol-infused chocolates, available from Saturday. Within…
Fast fashion is now at a crossroads in China. Clouds overshadow the fate of the sector following a scale-down of global fast fashion labels, including H&M which saw its stores in China shrink from 530 in 2018 to some 280 as of writing (according to the group’s store locater for mainland China), including the closure…
Chinese technology groups Baidu and ByteDance launched their artificial intelligence chatbots to the public on Thursday after receiving regulatory approval from Beijing. A handful of AI start-ups also had their services cleared for the public, in a development expected to help the companies improve their models and commercialise the technology as they race to deliver…
As China steps up to revitalise the economy, it has accelerated the domestic transformation of consumer behaviours. While Chinese consumers are exercising more rationale, seeking a balance between a trade-up and trade-down in their consumption journey, businesses are challenged to demonstrate a deeper understanding of consumer needs, not only in the material aspect but cultural and…
Shiseido Travel Retail has teamed up with China Duty Free Group (CDF) to launch an omnichannel beauty experience in the tourism hotpot of Hainan in an attempt to drive awareness of its travel exclusive products. Entitled ‘Light the Way’, under the spotlight is the brand’s prestige cosmetic brand NARS and its new collection, which comprises the…
The social commerce market The market for social commerce is only going to grow further in 2023. Indeed this market is expected to continue to expand, topping 1 trillion USD in annual global sales this year. And when it comes to which market stands out when it comes to social commerce, it has to be…