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Luxury sales continue to rebound in China - China Economy News
Economy

Luxury sales continue to rebound in China

Mid-single-digit annual growth is expected this year, and China remains a leading market in the global landscape, according to Bain & Co's latest China Luxury Report.
The latest consumer trend is 'affordable, high-quality products' - China Economy News
Economy

The latest consumer trend is 'affordable, high-quality products'

The latest China Shopper Report by Bain Company and Kantar Worldpanel showed a shift toward value for money options such as private label brands and price promotions.
Global luxury market value expected to reach US$1.6 trillion for 2023 - China Economy News
Economy

Global luxury market value expected to reach US$1.6 trillion for 2023

Chinese customers are expected to account for 35 to 40 percent of the personal luxury goods market by 2030 while Europeans and Americans together will represent 40 percent according to the latest Bain...
Consumers follow trend in smart spending for Singles Day shopping festival - China Economy News
Economy

Consumers follow trend in smart spending for Singles Day shopping festival

Bain Cos study of 3 000 domestic consumers shows 77 percent of them are planning to spend less or maintain spending this year while over one third said that they were waiting for...
Study shows Chinese consumers have become more savvy - China Economy News
Economy

Study shows Chinese consumers have become more savvy

Consumers have become more savvy and pragmatic as they tend to seek bargains while also paying attention to quality thus giving rise to new retail formats and opportunities for online vendors and brick and mortar stores according to a recent joint study by Bain...
Livestreaming shopping a bright spot in e-commerce - China Economy News
Economy

Livestreaming shopping a bright spot in e-commerce

According to the analysis by Bain Company and Kantar Worldpanel Douyin surpassed Tmall and JD to become the third largest online shopping platform in terms of fast moving consumer...
Industry executives upbeat about online shopping in China - China Economy News
Economy

Industry executives upbeat about online shopping in China

Joanna Lu Bain Companys expert partner and a member of its global consumer products practice said that consumer goods companies need to find new a consumption scenario that helps...
Consumer goods sector shows signs of recovery - China Economy News
Economy

Consumer goods sector shows signs of recovery

Chinas FMCG market reported value growth of 1.9 percent in the first quarter from a year ago according to the latest China Shopper Report 2023 jointly released by Bain Company and...
New cafes advised to target niche audiences to boost sales - China Economy News
Economy

New cafes advised to target niche audiences to boost sales

As foot traffic gradually return to a normal level delivery spending on snacks beverages and other discretionary items will steadily pick up said Carrie Zhang a partner in Bain...
Buyout deals expected in China after private equity investments fall to eight-year low - China Economy News
Economy

Buyout deals expected in China after private equity investments fall to eight-year low

Driven by the uncertain economic outlook and ongoing geopolitical tensions we expect buyout deals to accelerate in the next five years although it represents only 9 percent of Chinas total deal value said Zhou Hao head of Bain...
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