Jingdong (JD.com) net revenues for the second quarter of 2017 were 93.2 billion yuan (US$213.7 billion), an increase of 43.6% from the second quarter of 2016. … [Read more...]
KOL marketing rising in China’s luxury fashion industry
With the engagement of Internet celebrities and key opinion leaderships (KOLs), a new way has been paved in luxury brand marketing in China. … [Read more...]
French beauty brand L’Occitane to open its first Café in China
Recently, French beauty product retailer L'Occitane is opening the first Café in mainland China (Nanjing). As the brand competition becomes more and more fierce, skincare brands have to develop various by-businesses to attract and maintain more customers. … [Read more...]
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. … [Read more...]
Shifting demographics leading the changes of retail in China
Chinese millennial shoppers are shifting toward an emphasis on life experiences, convenience, and a healthier lifestyle according to a PwC report on China's retail and consumer products sector. … [Read more...]
Japan and Korea Still Hot Destinations for Chinese Travelers in 2016
The number of Chinese tourists traveling abroad increased 19.5% YoY to 120 million in 2015 and the number was 13 times higher than that of 1998 according to China National Tourism Administration. Data of Feng Li & Fung Group Research Center showed that consumption of Chinese tourists totaled US$229 billion in 2015. … [Read more...]
45% Chinese Consumers Prefer to Know New Luxury Products via Videos
45% consumers prefer to watch videos to get new luxury products information, 27% prefer to watch products photo gallery, and 14% prefer articles or special visits to know products according to the latest research of Mintel. … [Read more...]
China Online Luxury Shoppers Insights in 2015
45% of Chinese respondents purchase most of their luxury goods online according to a research conducted by KPMG. 61% will buy high-end outbound travel products online and 28% will buy cross-border luxury goods. … [Read more...]
Chinese Women: Rising Force for Travel Market
Tourism-related consumption in China in H1 2015 totaled 1.65 trillion yuan (US$0.26 trillion), an increase of 14.5% YoY with over 2 billion person-trips. 61.9 million Chinese traveled abroad in H1 2015, an increase of 16.11% YoY. … [Read more...]
Chinese Prefer Imported FMCG Products at Promotions
Chinese online shoppers prefer to take advantage of the occasional promotions to buy imported goods; and, they also prefer imported goods at promotions, accounting for 65% of online FMCG (fast-moving consumer goods) sales according to Bain & Company and Kantar Worldpanel research. … [Read more...]
45% Chinese Purchased Luxury Goods Online
45% of respondents purchased most of their luxury goods online according to a research conducted by KPMG. The respondents showed little concern for making online purchase of products under RMB 4,200, an increase of 121% (RMB 1,900) compared to the research in 2014. … [Read more...]
China Hotel Search Behavior Overview 2015
With the policy of “internet +” in China today, a large number of consumers tend to research the hotel information through online search engines, book or reserve hotels in OTA and hotel official websites, and share the experience in the social networking platforms. Chinese consumers’ demands are showed on the Internet; therefore internet data become a powerful tool to … [Read more...]
Over 100 Million Chinese Travelled Abroad in 2014
Recently Hotels.cn released the fourth " Survey on Chinese tourists traveling abroad in 2015", which reveals that the sustained and steady growing China's overseas travel market has brought enormous business opportunities to the global tourism and hotels. In 2014, the number of Chinese traveled abroad exceeded for the first time 107 million, with an increase of 20%. And the … [Read more...]
Gift-giving by Chinese Luxury Consumers Down 30% Over 2 Years
Spending on gift-giving by Chinese luxury consumers was down a further 5% in 2014, totalling 30% over two years according to Hurun Research Institute. … [Read more...]
China the Biggest Luxury Goods Buyer Worldwide
China Tax-free Report released by Fortune Character Institute shows travel retail industry worldwide had been through rapid growth in 2013. Under pressure of factory stores and high end department stores, its growth is slowing down nowadays. The report involved 25 tax-free companies and 76 senior executives in tax-free industry as well as 892 HNWIs (High-net-worth individuals) … [Read more...]
Habits of 2.7M High Net Worth Individuals in China
There are about 2.7 million HNWIs (High Net Worth Individuals) in China each of whose assets totals over $0.95 million. And, the number of ultra high net worth individuals (UHNWIs), each with personal assets worth over $15.8 million, reached 63,500. … [Read more...]