5 Chinese consumer values in the post-pandemic economy

Consumer values in China

Private consumption in the Chinese economy is expected to reach around $12.7 trillion by 2030. Experts anticipate the Chinese consumption to more than double within 10 years compared to the spending of $5.6 trillion in 2019. This translates to an annual private consumption growth rate of 7.9% over the next 10 years. With this outlook […]

How millenials and low-tier cities are shaping China’s jewelry market

China's jewelry market, chinese jewelry, chow tai fook, chinese bridal jewelry

China is becoming a consumption-led economy, which bodes well for retail in China, especially the luxury sector . China’s jewelry market is still dominated by foreign brands. Corresponding to the growing demands, distinct and revolutionized consumer needs appear, such as customization. The online and second-hand jewelry market has soared recently. China’s jewelry market can afford to approach […]

Xiaohongshu is becoming a giant in both social media and e-commerce | Daxue Consulting

Little Red Book app

Latest facts and insights about Xiaohongshu (Little Red Book) 2020. Social media platforms like WeChat and Sina Weibo, as well as e-commerce marketplaces like Taobao,  are no strangers to foreign marketers. Compared to these well-known names, Xiaohongshu (小红书, also known as Little Red Book or RED) is relatively less talked about. In this insights report, […]

Market Tidbits transcript #2: The rise of the Stay-at-home Economy in China

Stay-at-home Economy in China

Matthieu David: Allison Malmsten and I today we are going to have a market tidbit on the Stay-at-home Economy in China and we wrote a report a few weeks ago, about this stay at a home economy which was of course impacted by what happened in February, March, April with the Covid-19, the coronavirus and […]

What do Chinese consumers think of Duty Free shops? | Daxue Consulting

Chinese consumers shopping

What are Chinese consumers attitudes towards Duty Free shops? Duty Free shops are retail outlet stores that are exempt from paying all local or national taxes. This tax exemption is on the basis that the goods sold in these stores will be sold to travelers who will carry them outside of the country. Inside of […]

Understand the drinking culture in China

Alcohol Drinking culture in China

Drinking culture in China: What are the Chinese preferences for alcoholic beverages? Drinking culture in China is omnipresent in the daily life, during the dinners at home with friends or family, celebrations, holidays, casual get together, nights out on the town, business meeting and that, for a long time. Drinking culture in China is quite […]