The baby care industry in China has grown steadily since China ended its One Child Policy in 2016. The total sales of baby care products are predicted to rise at a CAGR of 14.5 percent, reaching RMB18.888 billion in 2023. Online channels now represent 50% of the mom and baby retail market, increasingly competing with …
The Demand for Foreign Baby Care Products in China Read More »
China boasts a booming middle class and higher incomes across the board. As a result, Chinese consumers aren’t just buying more, they are more selective, demanding, and informed. Consumer and food safety is a key driver for Chinese online shopping. Chinese consumers have increasingly been purchasing internationally to avoid buying fake beauty products, contaminated milk …
Company Builds Upon Momentous Growth In the First Half of 2019 Chinese consumers like to buy premium quality imports — from luxury and fashion, beauty and skincare, mom and baby goods, electronic products, to healthcare and nutrition. In fact, beauty and skincare account for a huge percentage of e-commerce sales in China. Tmall cited that its sales of beauty …
In 2018, mobile payment in the Chinese outbound tourism market saw an increase in both the rate of use and the proportion of transactions. More than two-thirds (69%) of Chinese tourists paid with their mobile phones while abroad, up 4 percentage points from the previous year. On their most recent trips overseas, Chinese tourists surveyed …
2018 Trends for Mobile Payment in Chinese Outbound Tourism Read More »
The U.S. hospitality industry alone is a multi-billion market. While it primarily relies on the consumers overall leisure time and disposable income, there’s plenty more that businesses in this space can do to maximize their profit potential. One such move is addressing how they interact with the rapidly expanding Chinese consumer market. It’s estimated that in …
The Hospitality Industry’s 1 Weakness When It Comes to Chinese Consumers Read More »
The past few years retail companies in the U.S. and Europe probably noticed an uptick in sales from Chinese consumers. That’s because this demographic is traveling more often and spending more liberally on their trips. In 2016, they spent an average of $7000 per trip the U.S, twice that of their Korean and Japanese counterparts. …
