Macau’s economy beyond gaming: how the “Las Vegas of China” is changing its skin
Macau is a Special Administrative Region (SAR) situated in southern China. Macau remained under Portuguese rule for more than 400 years, and reverted to Chinese control in December 1999. Despite this, as an SAR, Macau retained Portuguese as its second official language alongside Mandarin. Often referred to as the “Las Vegas of China,” Macau is […]
Three Chinese perfume brands taking over the fragrance market: Documents, To Summer, and Scent Library
The Chinese perfume market has experienced significant growth due to the country’s economic development and changing consumer habits. Historically, perfumes were considered a luxury item that was out of reach for most people and not widely used in the Chinese culture. However, as beauty product imports from abroad increased, more people began to use perfume, […]
China’s Cybersecurity Industry: growing opportunities due to digitalization and favorable policies
Cybersecurity, also referred to as information technology (IT) security, is the practice of protecting internet-connected systems including hardware, software, and sensitive data from cyberattacks whether they come from within or outside of a company. As the world is turning digital, cyberthreats are increasingly becoming more prevalent. Consequently, the demand for cybersecurity is also growing, with […]
China market research: The expansion of the Chinese diaper market | daxue consulting
At the turn of the millennium, the Chinese diaper market was practically inexistent. In fact, until that moment, Chinese Families had relied on the so-called split-pants —in Chinese 开裆裤Kai Dang Ku. These baby pants have a large opening right on the backside of the garment, which is specifically designed to allow the toddler to relieve […]
The Silver Economy in China: Consumption trends of China’s aging population
What is the state of China’s silver economy? Often referred to as the seniors’ Market, the Silver Economy in China covers all products and services intended for people aged 60 and older. As stated in its name, the Silver Economy is not only a ”market” but also functions as an “economy”. Senior citizens in China […]
The Chinese Fashion Accessories Market Is Facing Unprecedented Growth
The fashion accessories market in China is showing a high-speed growth. For example, China has been the second largest jewelry market in the world in 2017 (around 671 billion RMB market size). As estimated, the sales revenue of fashion bags and accessories in China will be doubled from 2016 to 2019. Not only the market […]
O2O business in China: Domestic Monopoly?
China counts 618 million Internet users, double the total population of the United States. The Chinese internet ecosystem is the largest in the world but also one of the most isolated. Barriers between the Chinese internet and the rest of the world isn’t just a result of Chinese censorship of many foreign sites and services, […]
Outdoor Equipment Market in China – Speeding Up
Outdoor equipment retailers in China have seen a significant growth in these last few years. As the Chinese are getting more aware of the importance of a healthy body, practicing sports outdoors is becoming increasingly popular. Before 1990, outdoor equipment retailers didn’t really exist in China, but last year the total sales for retail outdoor […]