"Taobao Maker Festival" offers a venue for young merchants to showcase their potentials. By identifying consumption trends and championing small businesses on the platform, the event could have a significant impact on the retail industry and the economy at large.
Alibaba Group’s Chief Marketing Officer Chris Tung delivered a keynote speech to introduce the company’s carbon reduction action model and call on more enterprises to jointly promote low-carbon consumption at a side event during the 2023 Partnership Forum at the UN ECOSOC.
WeChat, a social media platform owned by Tencent, released on January 19 it's consumption data for the Spring Festival holiday. In the face of a gradual increase in consumption enthusiasm, the offline payment transaction volume of users using WeChat increased by 23%.
With the adjustment of COVID-19 prevention and control policies in many cities in China, in addition to a wave of panic buying of cold medicines, some food products have become unexpectedly popular recently, such as canned yellow peaches and electrolyte water.
With increasingly fierce competition in the Chinese tea-based beverages market, more and more domestic enterprises are turning their attention overseas.
Cotti Coffee, a new venture of Charles Lu, the former chairman of Luckin Coffee, opened its first offline store in Fuzhou in late October, and the brand has been making further progress since then.
Faced with pressure from competitors such as Luckin Coffee and Tims China, Starbucks, which has always been known for its reserved attitude towards China, has been changing its strategy for tackling the country's domestic market.
Tang Binsen is not only the founder of Chinese beverage brand Genki Forest – he is also an avid investor. Challengers Venture, founded by Tang, has become one of the fastest rising upstarts in the venture capital community.
Fast fashion giant Shein is constantly hatching new brands and building an expansive business matrix. This year, the firm launched and promoted an underwear brand called Luvlette.
In response to rumors that "Bianlifeng sees wave of store closures", the Chinese convenience store chain startup told the domestic media on August 16: "There is no tide of store closures. The stores affected by the pandemic are gradually resuming business."
At the end of June, tea brand Nayuki announced its launch of a virtual stock activity, causing controversy among web users. Now the firm called a halt to the activity.
China's leading cross-border e-commerce company, DHgate, which operates a centralized marketplace, has announced the repositioning of MyyShop as a one-stop social commerce software-as-a-service (SaaS platform) in June.
Tea brand Nayuki launched its campaign to celebrate the first anniversary of its IPO by giving away virtual shares for every tea drink.
Benwei Xianwu, a Chinese brand of low-temperature meat products, has recently completed A-round financing totaling tens of millions of yuan.
After launching an in-house tea brand called "Taoyuan Yuye" last year, TikTok owner ByteDance now plans to team up for a new food and beverage business.
Honeymoon Dessert and Tea Buds, two Chinese food and beverage brands, have recently merged. The parent company of Honeymoon Dessert also announced the completion of a new round of strategic financing.
Exway, an electric skateboard brand, has completed round-A financing of 40 million yuan ($6.28 million). The investor in this round of financing is Sequoia China Seed Fund.
Digital consumer brands company Dongfang Honghu on Wednesday announced its completion of an A round of financing worth tens of millions of dollars, exclusively led by Source Code Capital.
On Tuesday, WeChat, Tencent's social app, released a report for the Spring Festival holiday in 2022 (from January 31 to February 5). The report shows some new consumption and usage habits of the Chinese people.
During the 2022 Spring Festival holiday, citizens in 12 locations piloting the new digital RMB were able to experience for the first time the convenience and ease of use the new form of currency offers.