China’s market for fast-moving consumer goods (FMCG) for at-home consumption remained robust in 2018, despite general concerns about a slowdown. Total spending on FMCG rose 5.2%, a slight increase over last year’s 4.7% gain. Overall, the two-speed growth scenario Kantar identified in 2016 has continued to evolve, with home care and personal care categories growing […]
food
China consumer retail sales grew by 8% from Jan to Apr in 2019; 23.7% online
In April 2019, China’s total retail sales of social consumer goods reached 3,058.6 billion yuan (US$442.82 bn), up by 7.2% year-on-year nominal growth rate (excluding the real increase of 5.1 percent in price factors，the follows are nominal growth rates). The retail sales of the enterprises (units) above designated size reached 1,112 billion yuan (US$160.99 bn), […]
Smart restaurants in China – retail expansion of the dining business
Koubei is one of Alibaba’s platforms that specializes in providing local services, an area where new retail is an emerging force. New retail is Alibaba’s concept of seamless digital integration of online and offline commerce.
Riding on the craft beer boom in China
China’s craft beer market is growing by 40% annually. Find out some main trends of the category. The 2018 FIFA World Cup is well underway in Russia. The timezone difference is much more favorable for Chinese fans compared with previous tournaments, as most games happen during evening prime time in China. It has also become […]
How the crayfish played its $42 bn role in China’s economic growth
With the coming of summer and the World Cup, a wave of crayfish (or Xiaolongxia) sales is coming in China. Crayfish are not just a staple in the restaurant and catering industries but have also become a route to development for some rural counties. According to a report on the state of the industry, the […]
Instant noodles enjoy surprise revival in China
Three factors contribute to instant noodles rebound in 2017. But the increasing popularity of food delivery apps might push this category back into decline.
Online accounted for over 17% of China’s total retail sales Jan-May 2017
China’s total retail sales of consumer goods reached US$430.8 billion in May, up by 10.7% YoY. Online retail accounted for over 17% of total retail sales from January to May.
China retail consumer goods market overview Nov 2016
The total retail sales of consumer goods in China reached 3,095.9 billion yuan (US$448.36 billion) in November 2016, up by 10.8% YoY according to National Bureau of Statistics of China.
China private consumption share of overall economy to reach 50% in 2030
The Economist Intelligence Unit (“EIU”) expects private consumption in China will grow in real terms by 5.5% a year on average in 2016-30 – boosting its share of the overall economy to nearly 50%.
China online retail sales account for 11.7% of total in Q3 2016
The total retail sales of consumer goods reached 23,848.2 billion yuan in the first three quarters of 2016 in China, up by 10.4% year-on-year.
Top 3 categories for digital purchase in China are food, fashion, and household items
Retailer websites or apps are the first digital information source in all countries – most notably in the USA, UK, Germany, France and China according to a survey by Digitas.
China O2O Commerce Insights 2015
Offline merchants hoped to get more consumers and profits by accessing to the O2O platforms in China in 2015. Tier-3 and tier-4 cities have been a new expanding regions for the O2O platforms. Meituan maintained a prominent position in the less developed cities.
China Consumer Retail Sales in Jan, Feb 2016
In first two months of 2016, the total retail sales of consumer goods in China reached 5,291.0 billion yuan (US$816.71 billion), up by 10.2% year-on-year nominal growth rate. The real growth rate was 9.6% according to National Bureau of Statistics of China.
China Outbound Travelers Shopping Overview 2015
About 53.6% of Chinese outbound tourists take shopping as primary objectives of free and easy trips in 2015, according to a research of Mafengwo and TouTiao. At least half of their travel budget will be spent on shopping.
China Total Retail Sales Exceeded 2.27 Trillion Yuan in Mar 2015
In March 2015, the total retail sales of China consumer goods reached RMB2,272.3 billion (US$371.516 billion), up by 10.2% year-on-year according to National Bureau of Statistics of China.