Save and earn, value conscious buying on rise
Trending News
3 months, 3 weeks ago

Save and earn, value conscious buying on rise

China Daily  

A woman buys pineapples in a supermarket in Xuwen county, South China's Guangdong province. Chinese consumers are shifting gears to more meaningful purchases as they strive to boost incomes and tighten spending to navigate economic uncertainties, said a report by global consumer and retail analytics leader NielsenIQ. Notably, value-conscious shoppers, who routinely compare prices across platforms, have surged from 30 percent to 39 percent, and have become the dominant consumer group in China's consumption market, said the report. Despite caution from Chinese consumers, only 17 percent choose products solely based on low prices, compared to 33 percent in the Asia-Pacific region overall, according to the latest NielsenIQ report. Additionally, 71 percent of Chinese consumers use social media to better understand new products and services, and 44 percent report switching brands based on online recommendations.

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Save and earn, value conscious buying on rise
Trending News
3 months, 3 weeks ago

Save and earn, value conscious buying on rise

China Daily  

By CHENG YU | China Daily | Updated: 2024-12-09 09:38 A woman buys pineapples in a supermarket in Xuwen county, South China's Guangdong province. Chinese consumers are shifting gears to more meaningful purchases as they strive to boost incomes and tighten spending to navigate economic uncertainties, said a report by global consumer and retail analytics leader NielsenIQ. Notably, value-conscious shoppers, …

China’s consumer sentiment is down, but not when it comes to condoms
1 year, 8 months ago

China’s consumer sentiment is down, but not when it comes to condoms

Live Mint  

Consumer companies and economists have said sentiment in China is slower than expected, but that's not stopping them from buying more condoms, Durex maker Reckitt said on Wednesday. Economic data from China this month showed its post-pandemic surge was quickly fading, raising expectations that the government needs to bring out more stimulus measures to drive activity and bolster shaky consumer …

Domestic brands rapidly raising their game
2 years, 7 months ago

Domestic brands rapidly raising their game

China Daily  

Life experiences To cash in on the guochao trend, numerous Chinese brands are entering the market to meet the increased demand. The number of Chinese brands on Douyin, the popular streaming platform, rose by 508 percent in the 11 months from April last year to March, with domestic brands comprising 92 percent of the top-sellers. Wang Yajuan, chief marketing officer …

Epidemic-hit retailers eyeing diverse strategies to attract more consumers
4 years, 7 months ago

Epidemic-hit retailers eyeing diverse strategies to attract more consumers

China Daily  

Shoppers buy electronic goods at a duty-free store in Haikou, Hainan province. The company decided to change tack as female professionals, its key target audience, started showing a preference for originality in designs and product promotions, said Shen Ruihua, the marketing and sales head for Rose Ling Ling's third-party channels. Consumption is set to steadily surge as people pursue a …

China’s shoppers are still going strong
5 years, 4 months ago

China’s shoppers are still going strong

CNN  

New York CNN Business — With China’s economy slowing, many market and economic experts believe that the United States has more leverage to negotiate favorable terms to end the trade war. No pressure on Xi to blink as long as consumers do their part “This data suggests that, while the Chinese economy remains under pressure, it may easily tolerate the …

All that glitters is not sold
6 years, 4 months ago

All that glitters is not sold

China Daily  

Fashions are changing so rapidly that the latest top-of-the-range item bought one year can be regarded as yesterday's stuff the following year. However, for the many thousands who have been converted by the gospel of luxury goods sharing, there are plenty of others who remain to be convinced about this new economic model. Chen Ting, 32, of Shanghai, says renting …

All that glitters is not sold
6 years, 4 months ago

All that glitters is not sold

China Daily  

Fashions are changing so rapidly that the latest top-of-the-range item bought one year can be regarded as yesterday's stuff the following year. However, for the many thousands who have been converted by the gospel of luxury goods sharing, there are plenty of others who remain to be convinced about this new economic model. Chen Ting, 32, of Shanghai, says renting …

Value of top 100 Chinese brands soars to $525b
9 years ago

Value of top 100 Chinese brands soars to $525b

China Daily  

A signage of Tencent is seen at its headquarters in Shenzhen city, South China's Guangdong province, March 29, 2013. Market-driven firms surpass State-owned enterprises in worth The value of China's top 100 brands surged 13 percent to $525.6 billion last year despite the country's economic slowdown, an annual survey released on Monday showed. And, for the first time ever, market-driven …

How to win back Chinese consumers[1]- Chinadaily.com.cn
9 years, 1 month ago

How to win back Chinese consumers[1]- Chinadaily.com.cn

China Daily  

More than 6 million Chinese travelers spent a record 90 billion yuan out of Chinese mainland during the Spring Festival holiday. Apart from durable commodities such as electric rice cookers, smart toilet seats and air purifiers, the Chinese consumers also bought large amounts of daily necessities, such as electric razors, thermos bottles, cosmetics, foods and medicines. And in developed countries, …

Chinese economy enters age with 'super consumers': US experts
9 years, 10 months ago

Chinese economy enters age with 'super consumers': US experts

China Daily  

NEW YORK - China has emerged as the most important consumer market in the world, said Michael Zakkour, vice-president of US consulting firm Tompkins International, in a Wednesday panel discussion on Chinese consumers. "With the development of borderless e-commerce in the past two years, Chinese consumers now can not only buy goods from Alibaba, but also from Amazon in the …

Click profit online in China[1]
10 years, 10 months ago

Click profit online in China[1]

China Daily  

Click profit online in China Updated: 2014-05-26 07:42 By MENG JING LI MIN/CHINA DAILY Bustling e-commerce market creates new growth opportunities for overseas companies in China British retailer Burberry Group would never have imagined that its scarves and trench coats would be sold from virtual stores in China. In April, Burberry opened a virtual store on Tmall, the biggest business-to-customer …

So much to choose from
11 years, 8 months ago

So much to choose from

China Daily  

So much to choose from Updated: 2013-07-26 09:07 By Cecily Liu, Chen Yingqun and Qiu Bo Increasing urbanization has created opportunities for foreign brands as people become more demanding and discriminating in what they buy. Provided to China Daily China's growing hordes of savvy consumers provide new opportunities for foreign brands Increasing sophistication is walking hand in hand with urbanization …

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