The author is engaged in wine sales for more than 10 years, mainly related to imported wines, and more interaction with foreign wineries. While the domestic wines are growing, they have become one of the options to purchase.
Alibaba made a move to purchase food-delivery leader Ele.me for $9.5 billion USD, according to ifeng.com.
The Chinese e-commerce giant already owned a 23% stake in the company after investing almost US$1.2 billion in it, a bargain compared with the current acquisition pricetag.
As foreign companies in China go, Starbucks is a unique case.
Traditionally a land of tea, China was exposed to the speciality coffee culture in 1999 when Starbucks opened their first shops in China’s larger cities. The coffee chain essentially faced no serious competition in China in the early years, and effectively established itself as a daily routine for white-collar consumers. At one point Starbucks controlled 80% of the market.
In a country where more than 75% of the population listens to music, China’s music market is still very little developed compared to major powers like the United States. Developing and commercializing music in China remains an enormous challenge for the players, due to government regulations, the musical culture of individuals and how to establish themselves in the market.
Chinese Baijiu, as a kind of traditional alcohol that made major proportion in China market, has a large market capacity and strong profitability.
Chinese Baijiu has always been at the top of the competition in channel resources. However, with lowered expectation of price increase of famous Baijiu represented by Maotai, some wine distributors believe that the situation that channel resources occupied by Baijiu is expected to be improved.
Many wine wholesalers dream of owning a brick-and-mortar store. Since 2018, some wholesalers have opened brick-and-mortar stores. Are they actually seeking for growth or just following the market trend?
From 2012 to 2014, overseas acquisitions of wineries by Chinese capital became a trend, but after a few years, news came that those wineries have to transfer or sell. How are the running conditions of these wineries after several rounds of economic cycles? What lessons are worth learning?
UK brands Can export to China because they are becoming increasingly popular in Mainland China. The figures speak for themselves with over 350 million middle-upper class affluent & brand-conscious consumers as well as GDP growth of over 7% year on year. Dramatic economic development has led to changing attitudes and expectations when it comes to shopping habits and items in demand. Enter from the wings.. Quality British products.
The short video craze is reaching new heights in mainland China. But what’s happening outside? As you may know, Tik Tok is the king of short video Apps oversea.
It used to be that Chinese Internet users were not willing to pay for digital content. You could easily get the pirate version of ebooks, music, and movies, so why spend the money?
This has changed in the last 2 years. China’s paid digital content market is expected to grow from RMB 4.9 billion in 2017 to RMB 23.5 billion RMB in 2020.