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Total retail sales grew 3.7% in 2025, trailing both GDP growth and household income growth for the second year running. Nearly 60% of the country’s top 100 retail chains saw store counts stagnate or shrink. New openings of shopping malls in China fell to a 13-year low in 2025, down 24% from the year before.
While these stats paint a picture of the end of the mall er...
Even as health awareness in China is expanding, including in emerging tier cities, consumers continue to demand confectionery products. Rat...
From a tiny Shanghai storefront to 2,000 locations, Manner Coffee has become a prominent player in China’s coffee market. Its model is built around accessible specialty coffee, minimalist ...
Investment-driven luxury in China is entering a new era. Consumers no longer purchase luxury products just for their craftsmanship, status, and exclusivity. They now evaluate luxury through a broader lens, considering preservation of value and resale potential as well. Changes in consumer priorities and economic conditions have expanded the concept of luxury goods to include ...
In the bar industry in China, bars are moving beyond late-night drinking and becoming affordable social spaces, food-led venues, live music destinations, craft beer stations, and hybrid lifestyle formats. This is happening within a highly fragmented industry dominated by independent, small-scale businesses rather than large chains. Beyond traditional light bars (清吧, quiet spa...