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Chinese flock to local brands in golden opportunity for investors

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.

In backlash against foreign brands, Chinese consumers pick local

In backlash against foreign brands, Chinese consumers pick local © Provided by Al Jazeera The trend of demand for local brands is expected to stay for long [File: Thomas Peter/Reuters] He Shuang, a student at a US 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.

Agencies Behind China s Top Livestreaming Stars Plan IPOs

Agencies Behind China s Top Livestreaming Stars Plan IPOs
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