Chinese flock to home-grown brands in golden opportunity for investors channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.
He Shuang, a student at a U.S. university stranded in her home city of Chongqing in southwest China during the pandemic, has added more than 300 domestic brands to her list of favourites on Alibaba's (9988.HK) Taobao online mall.
Chinese flock to local brands in golden opportunity for investors
Photo by Bruce Röttgers on Unsplash
June 28, 2021
He Shuang, a student at a U.S. university stranded in her home city of Chongqing in southwest China during the pandemic, has added more than 300 domestic brands to her list of favourites on Alibaba’s Taobao online mall.
Like with He, Chinese brands are hot with most shoppers and have spurred billions of dollars in investment, as consumers increasingly make patriotic choices amid a growing backlash against foreign brands in the country.
A surge in online shopping after people were forced indoors due to COVID-19 last year, a recovery in the market since then, and infrastructure that allows vendors to scale up swiftly have also propelled demand for local brands.
Chinese Snack-Maker Shapes Up as a Spicy Hong Kong Offering
By Matthew Walsh / May 14, 2021 07:23 PM / Business & Tech
One of China’s spiciest snack-makers wants to be hot property on the Hong Kong bourse.
Weilong Delicious Global Holdings Co. Ltd., which makes chili-pepper coated flour strips known as “latiao,” filed Wednesday for an IPO in city.
The cheap, lip-tingling strips are particularly popular among Chinese students, office workers and long-distance travelers.
In recent years they’ve become a cultural touchstone for younger people, sparking nostalgia for the freewheeling 2000s and occasionally cropping up in online memes and
Weilong booked an annual profit of 819 million yuan ($127 million) on 4.1 billion in revenue, the filing says. Based in the Central China city of Luohe, the firm was founded in 1999.