China’s duopoly food delivery market

China’s food delivery market is forecasted to exceed 941.74 billion RMB in 2022, making China the world’s biggest O2O (online to offline) food delivery market. Despite the enormous market size and growth, it has displayed, the O2O food delivery market is still far from fully saturated. As the market scale continues to grow rapidly, the […]

7 industries boosted by the lazy economy in China

The lazy economy is an economic phenomenon representing an upgrade in convenience-based consumption. There are three motivating factors of the lazy economy in China: people are becoming busier, technology is getting more advanced, and personal disposable income is increasing. The pursuit of an efficient, leisurely, and a high quality of life has led to the […]