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China Consumer

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Green consumers

China’s fascination with jade has an 8,000-year history
Nov 23, 2018 (WiC 433)

In his Book of the Marvels of the World, Marco Polo described Xinjiang’s Hotan as a land of milk and honey. The oasis town was part of a province nourished by a waterway remarkable for “chalcedony and jasper galore” in its river ...

Alive and clicking

Takeaways from this year’s Singles’ Day
Nov 16, 2018 (WiC 432)

Mariah Carey was there, as was retired basketball star Allen Iverson and Australian supermodel Miranda Kerr. A Chinese pop group called CY Girls performed a song called Wanna Buy, Wanna Buy. The title offers the best clue to where all ...

Taking on Taobao

Bytedance, the $75 billion ‘upstart’, now wants to challenge Alibaba as well
Oct 26, 2018 (WiC 429)

For every successful business venture, there are often several dozen failures. That’s especially true in China’s e-commerce industry. While Pinduoduo, the Tencent-backed start-up that married social media with group buying, became an internet ...

Is Chinese consumer confidence on the wane?
Sep 21, 2018 (WiC 425)

After the success in China of KFC and McDonald’s, US burger chain Shake Shack is hoping to emulate them by opening its first outlet in Shanghai in early 2019. The debut outlet in Xintiandi, where Pizza Marzano (the name used in China by Pizza ...

Japan’s Shiseido profits from Chinese tourists
Sep 7, 2018 (WiC 423)

In today's fame-obsessed world, celebrity endorsements can be an important influencer in selling consumer goods and services. But while there is no question that a famous face can boost awareness of a product, there are perils in choosing the ...

A craving for learning

Education stocks have become a hotspot for Chinese investors
Aug 31, 2018 (WiC 422)

The allure of an Ivy League education is compelling for some Chinese tycoons, although their tendency is to make donations to the schools in question rather than necessarily study at them. Five years ago Harvard received an undisclosed amount ...

Stand and deliver

Alibaba’s Ele.me ups the ante in battle with Tencent-backed Meituan
Aug 17, 2018 (WiC 420)

The Peloponnesian War, fought between two of Greece’s leading city-states – Athens and Sparta – in 431–404 BC, was believed by Thucydides to be the most significant conflict in antiquity. For one thing, it drew the rest of the Hellenic ...

Ofo rolls back overseas operations
Jul 27, 2018 (WiC 419)

“Presence first, profits second” summarises the mindset of much of China’s sharing economy. For example, Didi and Uber’s China unit both ploughed cash into subsidising fares in a bid to attract more customers. The price war only ended in ...

The secret’s out

Victoria’s Secret to face off with a Chinese rival advised by its former CEO
Jul 27, 2018 (WiC 419)

A gap in Hong Kong’s retail landscape was filled last week when Victoria’s Secret finally opened one of its flagship stores in the city (Shanghai got one nearly 18 months ago). To drum up interest for its newest store – which spans 50,000 ...

Less than a year old, coffee chain Luckin is challenging Starbucks
Jul 20, 2018 (WiC 418)

When Chinese coffee start-up Luckin Coffee said it was filing a lawsuit against Starbucks in May, the American chain dismissed the move as a publicity stunt (see WiC406). Luckin accused Starbucks of shutting out competitors by demanding ...

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