Outdoor pursuits, personalized experiences, and digital shifts are reshaping the Chinese fitness market
In recent years, the growth of the sports and fitness market in China has been exponential. The fitness population reached approximately 374 million people at the end of 2022, with an increase of 9.6% since 2016, and generating a revenue of more than RMB 941 billion (USD 132.4 billion) in the same year. The latest […]
Luxury Co-Branding in China: High-End Brands Take Collaborations to the Next Level
In China, luxury co-branding is not just a trend; it’s an innovation powerhouse that is reshaping the market with unexpected and often surprising partnerships. Far beyond conventional alliances, these collaborations bring together brands from dramatically different sectors – from local food and beverage giants to fashion brands (like the collaboration between Fendi and HEYTEA), and […]
Skyward bound: charting the new global course of aircraft manufacturing
The Chinese aviation market is rapidly growing, boosted by a rising middle class and government support. With an average yearly growth of 10.5% over the past decade, as per the International Air Transport Association (IATA), China surpassed the U.S. as the largest aviation market in 2019 based on passenger numbers. To meet this demand China […]
Exporting to China: Navigating complex regulations and market dynamics to the world’s second-largest economy
China stands as the globe’s second-largest economy in terms of gross domestic product (GDP), a status it has maintained since 2010. China’s economy outweighs Japan, Germany, the UK, and India combined. Guangdong, its largest province, has a GDP larger than Canada’s, while the Yangtze River Delta, centered around Shanghai, matches Germany’s GDP. With its GDP […]
From local success to global player: ANTA’s strategic blend of tradition, innovation, and sustainability
ANTA(安踏), a prominent player in the Chinese sportswear market, has secured a notable position second only to Nike with revenue reaching RMB 29.6 billion in 2023. The sale is mainly from sports apparel and footwear segment. The company recorded a substantial revenue of RMB 11.1 billion from sports apparel sales, marking a notable increase from […]
Brewing a remarkable resurgence: Luckin Coffee’s tale of innovation and redemption
In the hyper-competitive Chinese coffee market, few stories are as gripping as that of Luckin Coffee (瑞幸咖啡). Once embroiled in a scandal that led to its expulsion from Wall Street in 2020, Luckin Coffee has not just clawed back to its former glory but has also eclipsed some of the industry giants. As of early […]
How German brands conquer China’s market with trustability, sustainability and innovation
Since establishing diplomatic relations in 1972, China and Germany have maintained a significant economic partnership. By 2016, China had become Germany’s largest trade partner in Asia, with bilateral trade reaching nearly EUR 300 billion. However, recent strains in the relationship have emerged, influenced by Russia’s actions in Ukraine, China’s deepening ties with Moscow, and heightened […]
French brands shine in the 60th anniversary of Sino-French relations
The year 2024 will mark the 60th anniversary of diplomatic ties between China and France. Presently, China holds the position of France’s third-largest trading partner after the EU and the US. From a modest beginning of USD 100 million in 1964, the annual bilateral trade volume has surged remarkably, reaching USD 81.2 billion in 2022 […]
Chic and cozy: Inside China’s down jacket market
In the constantly changing world of fashion, China’s down jacket market is undergoing a transformation shaped by the discerning tastes of Gen Z consumers. According to the China National Garment Association, the size of the down jacket industry in China is witnessing growth, with a projection to reach RMB 195 billion in 2024. Download our […]
[Webinar] South Korea’s MZ Generation
The MZ Generation (MZ세대), encompassing both Millennials and Gen Z, has emerged as a crucial consumer demographic drawing widespread attention. As popular as the term is, it is often misused and overly generalized, not just by individuals but also by the media. To shed light on the accurate characterization of this consumer group, Daxue Consulting […]
China’s bakery industry amid health-conscious trends and digital delights
The baked goods market in China gained momentum in 1980 and experienced significant growth between 2000 and 2010. During this period, numerous foreign brands entered the Chinese market, establishing baked goods as a popular breakfast choice for many Chinese people. In 2022, China’s baking industry surged to RMB 285.3 billion, continuing its post-pandemic recovery and […]
Bubbles, AI, and health-awareness: driving forces in the soft drinks industry in China
The soft drinks industry in China is extremely popular. As of August 2023, it generated a revenue of more than USD 37.2 billion (RMB 266.8 billion) and it’s projected to reach more than USD 41 billion (RMB 294.1 billion) at the end of the year. The market is also characterized by a very high production […]