Richard Liu, founder of China’s retail giant JD.com, has launched a nautical brand to build out the country’s yacht industry, reports the South China Morning Post. The brand aims to ride a wave of policy support to tap a fast-growing domestic market and make the vessels–traditionally associated with affluence and luxury–accessible to “everyday consumers”. Liu’s brand, Sea […]
Category: Consumer
China’s consumer spending rose 8.6% year-on-year in the first four days of this year’s Chinese New Year holiday, reports Caixin. This was backed by an extended holiday and fresh government stimulus that lifted outlays on services and technology. The increase offers a sign of resilience as policymakers roll out renewed support measures, including a consumer incentive […]
This year’s Chinese New Year holiday period saw both an 8.2% increase in domestic travel, and an 8.6% increase in consumer spending compared to the year before, according to official figures. The holiday for this year was increased from eight to nine days, and a range of stimulus policies were implemented by the Ministry of […]
ByteDance’s conversational AI app Doubao seized a prime marketing position during China’s Spring Festival Gala, reports Caixin. The app logged 1.9 billion interactions as the company leveraged the nation’s most-watched television broadcast to accelerate mass adoption. Although ByteDance’s cloud-computing arm, Volcano Engine, served as the official AI cloud partner for the 2026 gala, the consumer-facing Doubao […]
China will impose anti-subsidy duties on certain dairy imports from the European Union for five years, reports Caixin. This comes after the Ministry of Commerce (MOC) concluded that government support had harmed the domestic industry. The MOC said Thursday that the final ruling covers products including cheese and fresh cream and will take effect Friday. The […]