The Chinese government announced on May 30 that it will significantly lower import tariff on many consumer goods. Among them, the average tariff rate for detergents, cosmetics such as skin care and hair care products, and some medicine and health products will be cut from 8.4% to 2.9%.
GSMA has a very exciting programme lined up for Mobile World Congress Shanghai 2018. While showcasing the latest developments in mobile, this year’s event will offer attendees a wide range of experiences through the conference, the exhibition and specialized programmes such as Women4Tech, 4YFN and beyond.
Chinese consumer demands, lifestyle, and behavior and attitude have changed greatly following the demographic structure and society evolutions as well as the three emerging forces in China’s consumer market, leading to more and more new particular consumer segments in China. Social changes of national consumption age hasten new consumer segments such as “urban fashion men” […]
Retail sales in China’s skincare and cosmetics products market will grow at an average annual rate of 12.8% from 2016 to 2019, much higher than the global average of 6.0%, and will top RMB 287 billion (USD 44 billion) in 2019 according to Euromonitor International.
Both traditional retail brands and start-ups are striving to convert consumers’ interests into a sustainable business in 2016. Customers want to see and experience the world at all times. China is entering “she-economy”. More people are realizing the importance of healthy lifestyle according to Mintel.
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.
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.
From January to March in 2015, 60.97% China internet users visited female fashion websites directly. Male visitors accounted for 59.21% and visitors who are between 30 years old and 40 years old represented 42.5% according to Baidu’s research.
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.
75% of Chinese families’ consumption is decided by women and their influence is extended to internet and mobile internet. In 2012, purchase by female Internet users accounted for 50% of total online shopping transaction value ($1,324.28 billion). They accounted for over 60% of total users on comprehensive goods e-commerce platform, and 80%-90% on cosmetics e-commerce platform, […]
Hurun released the richest Chinese women list this week. The list shows there are 50 Chinese richest women who each has assets worth over RMB 5 billion ($0.81 billion) and 70% of them are self-made and 30% inherited wealth from their families.
We all know total sales on Taobao and Tmall are huge, which is why so many international merchants want to launch their online store on Tmall; but how much monthly sales can they expect? Here are some data showing top brands on Taobao (including Tmall data) in the five categories with the sales revenue: bags […]