The rapid expansion of China’s real estate market and the growing urbanisation process have also lead to the growth of the home décor market, representing an interesting business opportunity, writes Kristina Koehler-Coluccia, Head of Business Advisory at Woodburn Global Items in the home décor sector can be found in virtually every room within the home and are typically used to showcase style and creativity. With a population of about 1.4 …
Over 200 delegates attended CBBC’s flagship China Consumer 2023 Conference and Summer Reception, which took place on 4 July at London’s No.4 Hamilton Place At the Conference, attendees heard from speakers representing leading global companies, who discussed the current trends and future opportunities within the Chinese consumer landscape for British consumer brands. CBBC’s Chief Executive, Andrew Seaton, introduced the event, saying that it would look at opportunities and challenges in …
Ahead of China Consumer 2023, Focus speaks to Michael Ward, Managing Director of Harrods, about being the first department store in Europe to embrace Chinese payment methods such as Alipay, and infusing creativity into the brand’s digital interactions Tell us more about how Harrods entered the China market At Harrods, we have been actively involved in the Chinese market for over 10 years, building strong relationships with Chinese customers both …
China has been the world’s largest apparel manufacturer and exporter for over a decade. However, in recent years, the expansion of China’s clothing sector has slowed, intending to build a more sustainable and technology-intensive industry, writes Kristina Koehler-Coluccia, Head of Business Advisory for Woodburn Accountants & Advisors Since 2015, China’s apparel manufacturing industry has undergone a profound transition. Rising labour costs shifted the sector in a less labour-intensive and highly …
The launch of ChatGPT has made AI a global talking point, and while many debate the pros and cons of this novel technology, China’s social media and e-commerce enterprises have been hawkish about incorporating it into their ecosystems, writes Qing Na from Dao Insights The recent China market entry by Midjourney, a world-renowned AI-generative painting application, through Tencent’s messaging app QQ caused a buzz in China’s digital sphere. However, the …
Ahead of China Consumer 2023, Focus speaks to Managing Director of innovative consulting company FaberNovel, Rachel Daydou, about digital innovation, WeChat Mini Programs, and why the Metaverse is the future Rachel Daydou joined Fabernovel in late 2017 to develop the new activities brought by Fabernovel, namely innovation consulting and upskilling. Fabernovel China then acquired 31TEN in 2021, a tech agency specialising in WeChat Mini Programs. Tell us more about how …
China is the world’s second largest luxury market thanks to a rising middle class and many high net worth individuals (HNWIs) with huge disposable incomes. It also has a growing number of millennials and Gen Z consumers with a considerable interest in premium and luxury brands. Hawksford’s Fabio Stella and Dario Marotta explore the opportunities for luxury brands China’s luxury market has bounced back following the reopening of the country’s …
China’s most successful influencers – and their route to the top – all have something to tell us about China’s e-commerce ecosystem, writes Robynne Tindall China is a global leader in influencer marketing, with the market for key opinion leaders (KOLs) – the more common term for influencers in the Chinese context – reaching RMB 340 billion (£41 billion) in 2021. The Covid-19 pandemic has significantly increased the amount of …
The gold-paved streets of China’s live streaming landscape have attracted many brands and even encouraged some to try and replicate the successful live commerce model in the West. But Western consumers aren’t biting. Robynne Tindall looks at the differing attitudes to live commerce in China and the West and what that means for Western consumer brands targeting China The value of China’s live-streamed e-commerce (aka live commerce) market reached RMB …
The British economy is expected to get a significant boost thanks to ‘revenge spending’ by Chinese shoppers, writes Tom Pattinson HSBC Global Research states that over £760 billion (6.6 trillion RMB) has been saved since the strict lockdown in China started three years ago. This amounts to around 5.4% of GDP, and, according to David Maddison, director of UK retail and leisure at HSBC, the potential for these savings to …