5 Consumption Trends Observed in 2020: Report
The Covid-19 Pandemic in 2020 has made a huge impact on the global economy and consumer market.
9/16/20205 min read
Tag: #consumption
Showing 12 of 53 posts with this tag
WeChat Releases Spring Festival Holiday Data Report
On Tuesday, WeChat, Tencent's social app, released a report for the Spring Festival holiday in 2022 (from January 31 to February 5). The report shows some new consumption and usage habits of the Chinese people.
2/8/20223 min read
Chinese Coffee Brand Nowwa Coffee Continuously Secures $31.51 Million in B and B+ Rounds of Financing
Nowwa Coffee, a Chinese coffee chain, announced that it has completed two rounds of financing, namely, a B round and a B+ round, with a cumulative amount of 200 million yuan ($31.51 million) raised.
12/9/20212 min read
Beverage Brand Genki Forest Releases Consumption Report
On January 14th, Chinese beverage company Genki Forest released their Insight Report on Bubble Water Consumption in 2021 by analyzing the sales data of its Tmall store in the first 11 months of 2021.
1/19/20222 min read
Dingdong Maicai Publishes Annual Consumption Report: 3R Sales Volume up by 300%
Dingdong Maicai, a fresh food supply chain enterprise, recently released its "2021 Consumption Trend Report". The report shows the living conditions of young people today and the possible consumption trends for the coming year.
1/17/20223 min read
Tea Brand Nayuki Calls a Halt to Virtual Stock Activity
At the end of June, tea brand Nayuki announced its launch of a virtual stock activity, causing controversy among web users. Now the firm called a halt to the activity.
7/15/20222 min read
What Are Chinese Female Shoppers Snapping Up This Winter
On Nov. 25, e-commerce platform Pinduoduo released a list of its top consumer goods for women in early winter.
11/28/20202 min read
Meituan Sees Average Daily Orders Using Digital RMB Increase During Spring Festival
During the 2022 Spring Festival holiday, citizens in 12 locations piloting the new digital RMB were able to experience for the first time the convenience and ease of use the new form of currency offers.
2/8/20223 min read
Pinduoduo Partners With Household Appliance Giant GOME To Boost Domestic Consumption
Chinese e-commerce platform Pinduoduo and household appliance giant GOME Retail Holdings will hold a Super Brand Day on March 31
3/28/20202 min read
Stained by Fraud Scandal, Luckin Coffee Is Seeking a Path Out
The fraud scandal hasn’t knocked Luckin out of the ring: today, it remains China's second-largest coffee chain. How did Luckin survive the turmoil?
7/15/20218 min read
Dingdong Maicai Ready-Made Meals Triple Over Spring Festival
Dingdong Maicai, a leading fresh food e-commerce platform in China, showed that the sales volume of high-end ready-made meals on the platform increased over 3 times year-on-year during the Spring Festival.
2/8/20222 min read
ByteDance Forms Food and Beverage Product Team
After launching an in-house tea brand called "Taoyuan Yuye" last year, TikTok owner ByteDance now plans to team up for a new food and beverage business.
5/12/20222 min read