日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Gen Zers backbone of Singles Day shopping bonanza

By FAN FEIFEI | China Daily | Updated: 2021-11-12 09:15
Share
Share - WeChat
Tmall's celebration for Singles Day shopping gala is held in Shanghai on Wednesday. [Provided to China Daily]

Generation Z-consumers born between the mid-1990s and the early 2010s-have become the backbone of this year's Singles Day shopping festival and exhibited huge enthusiasm for homegrown products, industry analysts said.

Chinese e-commerce giant JD said trendy and new categories of products favored by Gen Z surged 300 percent year-on-year in the first four hours of the final promotion, which kicked off at 8 pm on Wednesday. The number of Gen Z who purchased clothes on JD's online marketplace was 3 times that of last year.

The number of the post-1990 generation accounted for more than 50 percent of total consumers in health-related consumption, including fitness, nutrition supplements, image management and sleep improvement, with sales of protein powder skyrocketing nearly 10 times in the first four hours, according to JD.

Meanwhile, sales of time-honored brands increased by 105 percent on a yearly basis during this year's shopping festival, with first- and second-tier cities witnessing the fastest growth in homegrown commodities.

The guochao trend-the rise of homegrown brands that weave Chinese cultural elements into their design or branding-is gaining popularity among young consumers, experts said.

In addition, overseas sales of domestic sportswear brand Erke rose by over 700 percent during the shopping gala, said Tmall, the business-to-customer site operated by Alibaba. Homegrown small household appliances, furniture, hanfu or traditional Chinese apparel, gained traction among overseas consumers.

Bai Ming, deputy director of the international market research department at the Chinese Academy of International Trade and Economic Cooperation, said the young generation of Chinese is emerging as mainstream consumers and becoming the driving force in the growth of domestic brands due to their higher disposable income, as well as personalized and diversified demand.

Bai added the purchase potential of Gen Z is enormous, and the rapid growth of domestic brands also showcased the continuous enhancement of China's manufacturing capacities.

Young Chinese shoppers are gradually growing a sense of national pride, and Gen Z are no longer seeking high-end foreign brand names purely for social status, said Kenny Yao, a director at global consulting firm AlixPartners in Shanghai.

"They are looking for products that can truly represent their identity, meaning it is more challenging than ever to maintain brand loyalty among this group," Yao added.

Market consultancy iResearch said Gen Z consumers were born after the emergence of the internet. They have grown up in a virtual and diverse environment, and formed a strong sense of individuality, triggering the willingness to pay for the additional value of products, and stay on top of trends in society.

The consultancy also said Gen Z consumers pay equal attention to entertainment and learning, have high consumption abilities, and prefer to buy fashionable, trendy products recommended by key opinion leaders. Moreover, they favor high-end skin care and cosmetics.

Zhao Ping, deputy head of the Beijing-based Academy of China Council for the Promotion of International Trade, said young Chinese are more globally minded and enthusiastic about homegrown products compared with previous generations.

Gen Z consumers also have higher recognition of Chinese traditional culture and are fully confident in China's new development paradigm, said Zhao, adding they are set to become the mainstay of China's next powerful consumption group.

He Wei in Shanghai contributed to this story.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 欧美一级在线 | 丁香激情综合 | 在线黄网 | 亚洲第一页中文字幕 | 国产精品二区在线观看 | 亚洲色域网| av在线高清观看 | 在线激情av| 午夜视频入口 | 色01看片网 | 青春草在线视频观看 | 四虎影视在线播放 | 欧美一级黄色大片 | 欧美手机在线视频 | 久久午夜剧场 | 国产精品久久久久久久久久久久 | 91操人视频 | 一本色道久久综合亚洲二区三区 | 欧美精品亚洲精品 | 久久久999久久久 | 成人午夜免费福利 | 四虎中文字幕 | 加勒比在线一区 | 国产精品自产拍高潮在线观看 | aaa黄色片| 日韩av美女| 亚洲男人精品 | 日韩午夜在线观看 | 亚洲精品国产一区二 | 91亚洲国产成人久久精品网站 | 中文字幕视频二区 | 精品免费在线视频 | 91超碰在线 | 91视频在线观看 | 欧美日韩a | 在线观看一区视频 | 久久国产秒 | 在线观看的av网址 | 精品亚洲国产成av人片传媒 | 亚洲国产一区在线观看 | a级成人毛片 |