China’s smartphone market contracted in 2025, as government subsidies which were propping the sector up dissipated in the second half of the year. Global Times reported in May that the subsidies—which were rolled out in January—accounted for 50 million units sold, seeing a year-on-year increase of 25.4% for the first four months of 2025. However, Caixin reports that through […]
Category: Consumer
Huawei Technologies edged out Apple to reclaim the no. 1 spot in mainland China’s smartphone market in 2025, reports the South China Morning Post, as the domestic handset maker overcame crippling US sanctions. For the full year, Huawei captured 16.4% of China’s smartphone market with 46.7 million units shipped, narrowly beating Apple, which shipped 46.2 million iPhones for […]
Zhang Yong, founder of Haidilao, has resumed his role as CEO of the global hot pot chain, reports Caixin. He returns to the operational helm to navigate a strategic overhaul as earnings flag and China’s dining sector cools. The leadership shake-up, announced late Tuesday, signals what insiders call a “second revolution” for the Hong Kong-listed company. […]
Mainland China’s retail and retail property sectors have suffered another blow amid a fresh wave of store closures by foreign and Hong Kong brands, reports the South China Morning Post. High-profile closures include Lane Crawford, Ikea, Triumph, Zara and Zara Home. Multinational furniture retailer Ikea said seven mainland stores would cease operations from February 2. As of December 31, German lingerie maker Triumph Group […]
China’s top-tier cities struggled with a worsening glut of premium office space in 2025, as new supply outpaced demand by more than double, reports Caixin. The oversupply was most severe in the southern tech capital of Shenzhen, where the supply-demand ratio soared to 2.7 to 1—far higher than levels in other major markets. Muted demand has […]