How the zoo and aquarium industry in China is overcoming monotony
In the zoo and aquarium industry in China, many parks have been for failing to innovate, mainly relying on animals without offering new experiences to encourage repeat visits. However, those that have transformed into immersive and comprehensive spaces — incorporating hotels, restaurants and attractions — are successfully bringing more people. Download the winter sports market […]
Inside luxury’s gray market: The evolving role of China’s Daigou industry
The Daigou (代购) industry refers to individuals or agents who purchase and import goods from overseas for resale in the Chinese market. Tightened regulations and pandemic-related disruptions led to a significant reduction in the industry. While the industry is unlikely to recover to its pre-pandemic size, it experienced a rebound in 2024, with the daigou […]
Air pollution in China and its impact on businesses
Home to over 1.4 billion people, China has faced growing pollution challenges since the 1990s due to rapid industrialization that prioritized economic growth over environmental sustainability. This led to severe environmental and health impacts, ranking China 13th globally in pollution-related risks 2023. In recent years, however, the government has launched aggressive environmental reforms, deploying targeted […]
Artificial intelligence in China: from manufacturing hub to global tech innovator
Artificial intelligence (AI) in recent years has been a disruptive force in reshaping various industries. Manufacturing, healthcare, and automotive are revolutionized through enhanced decision-making, task automation, and personalized experiences. Supported by state-led strategies, vast data reserves, and a dynamic tech ecosystem, China is rapidly scaling AI adoption domestically while advancing its technological ambitions on the […]
China’s medical device investment: Why JVs and local partnerships are key
China’s medical device investment sector is fueled by an aging population, rising healthcare demand, technological advancements, and strong government support. From 2012 to 2022, China’s total health expenditure more than tripled to RMB 8.5 trillion, while the medical device market reached RMB 336 billion in 2022, making it the second-largest globally, behind only the US. […]
China’s local fast-food industry: The next battleground for foreign and local brands in lower-tier cities
China’s fast-food market was valued at RMB 1.28 trillion in 2023, and it expected to grow, particularly driven by the rising demand from lower-tier city consumers. With higher-cities reaching saturation, international fast-food chains are expanding to third- and fourth-tier cities. Similarly, in the local fast-food industry in China, brands like Wallace and Tastien have stronger […]
How outdoor trends and national brands are redefining China’s sneaker market
In 2024, China’s sneaker market was shifted by the rise of both national and niche, premium outdoor brands. Sneakers have become a popular fashion trend and status symbol among Chinese consumers, particularly the younger generation. This market holds great potential due to the increasing influence of outdoor sportswear in fashion and the growing focus on footwear […]
How Disney has been able to outperform local theme parks in China
China has the second-largest theme park market in the world after the United States, receiving 130 million visitors in 2023, a 72% year-over-year increase. As cultural entertainment and leisure travel continues to grow, theme parks in China are attracting a broader audience, including solo travelers and the elderly. Download our report on young Chinese consumers […]
A roadmap to China’s medical device regulations and innovations
China has emerged as a pivotal market for medical devices, driven by a mix of strategic policies, regulatory reforms, and a strong push toward local innovation. In 2023, the market size reached RMB 1.27 trillion, representing a nominal growth of 10.4% from the previous year. Meanwhile, 11 Chinese enterprises were listed among the world’s top […]
With only four stores in 2024, does this mark the end of Carrefour in China?
When the French multinational retail corporation entered China in 1995, as its name in Chinese (“家乐福,” meaning family, happiness, and fortune) suggests, Carrefour was a place where many Chinese consumers visited with their family, friends, and loved ones. However, despite enjoying success for about two decades, in the mid-2010s, it started experiencing serious challenges. Even […]
CharlieTown Milk Tea: The rise of China’s “Hermès of Milk Tea”
CharlieTown Milk Tea has quickly risen to prominence in Shanghai, earning the title of the “Hermès of Milk Tea” among milk tea consumers. First opened in November 2021, CharlieTown Milk Tea has opened a total of 8 stores in the past three years. Despite its high price and minimalist lineup, the brand has captivated both […]
China’s fertility market: Medical advancements that are shaping the future of reproductive health
China’s fertility market is undergoing rapid transformation as declining birth rates become a critical issue. With policies supporting childbirth and advancements in Assisted Reproductive Technology (ART), the market shows potential for steady growth. Download our 2024 China Summer Sports Market report Shrinking population: A new reality for China China’s birth rates declined continuously from 10.41 […]