China’s pet economy is expanding. According to the 2018 White Paper on China’s Pet Industry, the scale of consumption of China’s pet (dog and cat) market reached 170.8 billion yuan in 2018, and is expected to reach 188.5 billion yuan by 2020. There were more than 168 million pets in China in 2018. In the …
Booming OYO Braked in China
Global hotel and home chain OYO has funded money again recently. As Wall Street Journal reported, OYO’s founder and Chief Executive Ritesh Agarwal led a $2 billion share buyback in the company on 19th July. The buyback, which is still subject to shareholders and regulatory approvals, will be operated through a Cayman Islands company called …
MINISO, “Fair-priced MUJI Style” Has Beaten MUJI
MUJI, the Japanese based designer brand claiming to stick to the life philosophy of “simplicity” and “good quality” — seems to have lost its original attraction in the Chinese market. Meantime, local Chinese brands of fair-priced household commodities, which advocate similar MUJI style, are prospering at a fast expanding rate. MINISO is one of the …
Do you really understand Chinese post-90s generation？
In the last six months, researchers in consumer industry has focused on the consuming behavior of post-00s. As far as I am concerned, it is appropriately to discuss this topic, but I don’t think it is necessary to study it too deep. First of all, given that the fact shows that most of the post-00s …
Justin Sun, Warren Buffett’s Chinese Lunch Pal
Another Chinese entrepreneur is about to have lunch with Warren Edward Buffett. His name is Justin Sun, founder of cryptocurrency project TRON and CEO of file-sharing company BitTorrent. Sun’s $4.57 million bid is the highest on record for the charity’s 20-year history. Since 2000, Buffett’s charity lunch has raised more than $30 million, all of …
Luckin vs Starbucks: New Money Challenges Old Aristocracy
Among the Chinese companies that went public in May, the best-known of them might be Luckin Coffee. Though four days later, Luckin had dropped below its offering price, the shares of the Chinese “new species” returned to a share price of $20 and the market value reached $4.731 billion. The Shenzhou-backed upstart only took 18 …
Post-00s in China: What have they influenced?
This year marks the beginning of “Post-00’s era in China”. It is the first generation which has been researched and investigated with rich data resources – if you put “Post-00s” and “research” in the search engine of Baidu, you can receive about 1.82 million pieces of information; if you search “Post-00s” and “consumption”, there are …
Chinese long-term rental housing: are financial chaos getting worse?
A batch of Chinese long-term rental housing service providers have been facing financial problems. Why is that and will the problem become more severe? Financial problem Several renters of Yujian Apartment in Shanghai claimed that they have been kicked out by the landlords, while the landlords said they haven’t received payments for months, according …
58.com: How is the company hoping Chinese movers to ring its listing bell
“Hourly paid nannies and movers will be those who ring the bell when we are listing,” said Chen Xiaohua, the Chief Strategy Officer (CSO) of 58.com – although they didn’t keep their promises when the company was listed in October 2013. 58.com operates the largest online marketplace serving local merchants and consumers in China, according …
Can Jinritoutiao survive in online shopping market?
The battlefield of Chinese online shopping has welcomed another strong fighter – Jinritoutiao. The Beijing-based news and information content platform launched a mobile application called Zhidian. Jinritoutiao has only used three years to be listed and become the tech giant – it is widely believed that social data contributed a lot to the fast pace. …