Buying habits

When the Chinese convert to coffee

According to the market research company Euromonitor, coffee shops will experience the largest increase in sales in the Asia-Pacific region over the next five years and China is expected to account for 60% of this increase. The coffee market in China  Coffee was introduced to China by French missionaries in the 1890s in Yunnan province in …

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What is Hainan Island, the Hub of Luxury Shopping in China?

By 2025, Chinese luxury shoppers should spend 390 billion USD on luxury goods in China according to Bain & Company. The Covid-19 pandemic accelerated this prediction due to travel restrictions. Especially for beauty and cosmetics brands, the Chinese shopper was above all a Chinese traveler who could purchase in Europe, in China, or even more …

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5 Reasons Why Chinese Consumers Like French Cosmetics Brands

French cosmetics brands are doing very well on the Chinese cosmetics market China has already been the world’s second-largest cosmetics consumer market only behind the United States, with retail sales rising by 4.2% year on year to RMB 261.9 billion in 2018. Spurred by urbanization, people’s higher income, and mature consumer education. Chinese cosmetics market witnesses the burgeoning …

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The Cosmetics Market in China is a Goldmine – Especially true in 2020

The cosmetics sector in China? A goldmine! China is the world’s second-largest cosmetics market with RMB261.9 billion and year-on-year growth of 4.2% in sales in 2018. The market is projected to generate sales in excess of $60 billion USD by 2024. It is particularly due to countryside towns that are developing faster than Beijing or …

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China’s Shopping Tourism, Marketing Tips for Retail Travel — Update 2020

The Chinese represent the 1st tourist market in the world. In 2018, approximately 162 million outbound journeys of Chinese citizens were registered. In 2019, Chinese tourists spent about 254.6 billion U.S. dollars while traveling abroad. By 2021, Fung Global Retail & Technology estimates that 192 million Chinese will travel abroad and their total expenditures will …

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