On May 7, Budweiser Asia Pacific announced its unaudited Q1 2020 financial results. The company’s revenue in Q1 fell by 39%, while its revenue in the Chinese market fell by as much as 45.4%.
TagChinese consumer
Nike, Adidas, and Capri Holdings, owner of luxury brands Versace, Jimmy Choo, and Michael Kors, have all warned investors this week that as the coronavirus grips China, sales could take a hit.
Having arguably a better understanding of Chinese consumers than any other company in the world, WeChat came up with a witty solution to cracking the local mentality.
China’s household debt to income ratio rose threefold from 30% in 2008 to 92% in 2019. Here is what it could mean for China’s economy.
In the annual 315 evening gala, a tv show that celebrates consumer rights day, companies that range from the food industry to the tech sector are all facing collective examination.
On March 26, at the annual session of China Development Forum (CDF) 2018 in the Diaoyutai State Guesthouse in Beijing, Robin Li, Baidu's chairman and CEO, spoke in the session called “Navigating future development through innovation: insights from business leaders.”
Will consumers who criticize over-dependence on technology want to buy smart speakers?