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 …
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 …
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 …
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 …
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 …
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 …