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. […]
How Chinese beverage brand Mixue disrupts the market with one-dollar drinks
Mixue Group (蜜雪冰城股份有限公司) is a freshly-made drinks company. It has two brands: the tea drinks brand Mixue (蜜雪) and the coffee brand Lucky Cup (幸运咖). On March 3rd, 2025, the Group went public on the Hong Kong Stock Exchange and its shares surged by over 40% on the first trading day, receiving global attention. As […]
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 […]
Women’s Day in China: Shifting from consumerism to advocacy
Since the establishment of International Women’s Day in China in 1949, Chinese society has made tremendous progress in gender equality in many aspects, such as education, economic welfare, and social status. The recognition of Women’s Day in China has sparked women’s consciousness and protected many women oppressed by feudalism at that time. Today, Women’s Day inspires people […]
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 […]
Perfumes in China: Then “fake” and impolite, now chic and stress-relieving
In 2020, perfumes in China generated RMB 15.6 billion in revenue. Nonetheless, in the last three years, China’s perfume market increased drastically, generating RMB 26.5 billion in revenues in 2024. While luxury brands like Chanel, Hermès, and Dior, continue to dominate the industry, a new wave of niche and local fragrance brands is reshaping consumer preferences. […]