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Luxury sales on Tmall rise 159 percent in Q1

Sales on Luxury Pavilion, a luxury platform under Alibaba’s Tmall e-commerce platform, rose 159 percent year-on-year from January to March this year, according to statistics sent to the Global Times on April 8 from Tmall.

2021.04.09

Smart home appliances going to head of class

China's home appliance market is expected to return to pre-pandemic levels this year as high-end and smart products grow in popularity, according to a report from the China Center for Information Industry Development, a Beijing-based think tank.

2021.04.08

'Ear economy' booms in China

China's online audio sector, or the "ear economy", represented by online audiobooks, audio live-streaming, and pay-for-knowledge products has witnessed rapid development in recent years.

2021.04.02

China sees robust growth of smart appliance market

China's smart home appliance industry embraced rapid development in recent years. Around 82.4 percent of Chinese families used smart appliances last year, up by 15.1 percentage points from 2019, according to data analytics firm All View Cloud.

2021.03.29

China's aesthetic beauty market expands in smaller cities

China's medical cosmetology market has seen rapid development as more people are willing to go under the knife to improve their looks, including those from smaller cities and even rural areas.

2021.03.19

Foreign elder caring firms hungry for Chinese market, but challenges exist

"I would prefer nursing home when I turn 80 years old instead of being stuck at home with my husband and a nurse," Sun Yahong, 64, a Beijing resident said when thinking of her elderly life.

2021.03.18

China's automotive aftermarket hits 1 trillion yuan in 2020: Ministry of Commerce

China's automotive aftermarket is estimated to have hit 1 trillion yuan ($153.78 billion) in 2020, said the country's Ministry of Commerce (MOFCOM) on March 17.

2021.03.18

Championing consumption for a worthy cause

Some business sectors that encourage the consumption markets to go green, healthy and safe in China are expected to see a boom in the next few years, if the government's latest guidelines and environment-conscious consumers' demand are any indication.

2021.03.16

Hotel giants eye China's upper-midscale market

The COVID-19 pandemic shook up the hospitality industry. Some giants recently unveiled their financial results for last year. Most saw their performance halved, with some seeing their revenues dropping 30 to 50 percent. But despite the slump, companies remain bullish on China.

2021.03.15