In Korea, the prefix 'K-' is being used, and representative examples include K-Beauty, K-Pops, K-Fashion, and K-Food. It is expected that K-Smart Factory will soon take over the baton of this new trend in Korea. At the forefront of this effort, we would like to announce the advent of the K-Smart Factory era to leaders in all industrial fields around the world. My newly published book is the result of my efforts to observe and analyze this phenomenon and announce the coming of the era of K-Smart Factory.
Dr. Seokhee Han’s Post
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Internet | Miniso Group - Eric Wen Since the end of March, Miniso China has collaborated with Chiikawa through a pop-up store in Shanghai, resulting in a single store sale of RMB2.68mn in just 10 hours and RMB8mn in 3 days. From April 8th onwards, Miniso extended Chiikawa-related products nationwide, sparking widespread discussion on social media. Our channel checks, based on 100 sample stores, indicate a 76% sell-through rate for the Chiikawa series, which is on par with the performance of the last blockbuster, the Barbie series, in July 2023. For comparison, the Barbie series contributed ~5% to domestic revenue in C3Q23. Therefore, we estimate Miniso's domestic offline GMV to increase by 25% YoY, with average revenue per store growing at 8% YoY (98% of 2021 levels) in C2Q24. Read full story here: https://buff.ly/4dboS1r For more information on our #internet product, and other Aletheia Capital research, please contact info@aletheia-capital.com #investments #advisory #ideas #fintech #InYourCorner
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For the next two weeks, Boukje Koch and Mariet Schreurs will both work from our Guangzhou innovation hub Orange Creatives 橙创 1. Together with some our clients they will see our latest productions come to live. Exciting times! 2. They will visit the Canton Fair. This year we do not have a stand ourselves, but we will be there. Welcome to visit our Guangzhou Inovation Hub in Haizhu district. 3. And of course they will spend some quality time with our Guangzhou team members! And together continue to build on our goals for 2024! 🌱 Translate conceptual product ideas into sustainable, high-quality production. 🌱Guide our clients through the intricate journey of product realization, ensuring informed and optimal decision-making. 🌱Nurture and expand our network of reliable production and certification partners. 🌱Foster ongoing development and expertise within our team, focusing on: a. Advancements in developing and producing consumer electronics. b. Exploration of new materials. c. Promotion of transparent supply chain practices. d. Embracing circular economy principles. e. Integration of digital passports for enhanced product traceability. f. Investigate the potential role of AI tools in scaling and streamlining our work processes. #manufacturingready #chinatrip #workingonsite
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#Claw #Machine #Market #Competitive Research, Demand and Precise Outlook forecast 2029 𝐆𝐞𝐭 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬..!!https://lnkd.in/dwFwN54p Key Market Dynamics Growing Youth Population: The #increasing number of children and teenagers globally is driving demand for claw machines. This demographic shift is creating new #opportunities for market expansion, especially in venues catering to young audiences. Innovation and Development: #Continuous innovation in claw machine technology and design is enhancing user experience and expanding market reach. #Companies are focusing on developing machines with better functionality, variety, and quality to stay competitive. Market Segmentation By Product Type: Single Player Claw Machine: Popular in #smaller venues and individual settings. Multiplayer Claw Machine: #Gaining traction in larger entertainment centers and malls. By Distribution Channel: Online: The leading segment, #expected to see significant growth due to increasing e-commerce activities. Offline: Remains a #strong segment, with installations in physical venues like arcades and malls. Regional Insights Asia Pacific: Leading the market with #substantial growth in countries like Taiwan and China. The #number of claw machine venues in Taiwan has seen a sharp increase, and the popularity of these machines in China is also on the rise. North America and Europe: Significant #markets with established arcade cultures and high #disposable incomes. These regions are seeing steady growth fueled by innovative product offerings and expanding entertainment venues. Claw Machine Market, Key Players are: ELAUT GROUP Smart Industries Coast to Coast Entertainment LLC 寶凱電子 Paokai Electronic Nantong Da Sheng E-Trust Technology Co., Ltd. #ClawMachineMarket #EntertainmentIndustry #MarketGrowth #Innovation #Urbanization #DisposableIncome #Ecommerce
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Many brands are well known in China, where they’ve benefited from the upswing in consumer nationalism to build substantial businesses. But the world’s No. 2 economy is slowing markedly. Consumers are spending less, and companies have responded by aggressively cutting prices. “The ability to sell premium options into Western contexts is not just a market issue, but also a political one nowadays,” says Christopher Marquis, Sinyi professor of Chinese management at the University of Cambridge Judge Business School. “So while Chinese companies may desperately want to go global, there are also significant questions on whether global markets will accept their products.” Products such as e-tablets and robot mops don’t represent the same sort of threat to US and European jobs as EVs do. And their relatively unsophisticated technology means they’re less likely to face market restrictions on national security grounds—which is part of the appeal for investors. #businessstrategy #businessriskmanagement #marketdevelopment #productdevelopment #chinabusiness #chinamarket
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In Taiwan and Japan, convenience stores are evolving. Taiwan's FamilyMart and Japan's 7-11 are introducing new formats like "Fami Super" and "SIP Store" targeting family needs and aging populations. They're focusing on private brand strengthening and food innovation, challenging traditional retail models. #ConvenienceStoreEvolution #PrivateBrands #FoodInnovation #RetailTransformation
The Evolution of Convenience Stores: Navigating Consumer Trends in Taiwan and Japan
link.medium.com
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"A great challenge of life: Knowing enough to think you're doing it right, but not enough to know you're doing it wrong."
Donald Tang fouled up worse than Jensen Huang. Shein is not an 'American company' - it is at best a Singapore company. It is - a Chinese company with a Singapore headquarters. Temu, Shein, TenCent, Alibaba, Huawei, Xiaomi, PinDuoDuo, DiDi ..... cannot pass themselves off as International Companies with non-Chinese roots because their names are meaningless without a Chinese context. ByteDance, TikTok, Nio seem to understand this better - but also no one is buying it. Should Shein try to be non-China Chinese company? Yes. WHAT???? Well, it is going for listing and what works best for the listing should be the direction for the moment. Can they ever succeed in Singapore washing? It depends - Forrest Li and Sea/Garena did. But he did START in Singapore. So Chinese companies are under a cloud. In the West. So are US companies that are paying for the US support of Israel vs Hamas. Starbucks and McDs are facing slumping revenues in parts of the world outside of the US - and this does not mean that McD now needs to position itself as a Middle Eastern company by relocating its HQ to Dubai. Chinese companies and Chinese products (the non-fake ones) are seen to be good value for money in parts of Asia, Africa, ME, Central Asia and LatAm. If we want a good enough product and do not want to pay Korean prices which are good enough vs Japan's but we don't want to pay Japanese prices ... Chinese products hit the spot. Over time, Vietnam and Indian products would too - but they have to beat the Chinese products first. "It’s a mistake. From electric vehicles to smart home appliances and cross-border e-commerce, Chinese companies are gaining market share because of their access to the vast industrial catalog and efficient supply chains at home. That gives them an edge, so they might as well celebrate it. There’s no shame in being Chinese." Let's just say that if China was selling crappy goods, no one would give a shit. You are measured by the (economic) enemies you attract. Just ask Musk how BYD steamrolled him.
There Is No Shame in Being Chinese
bloomberg.com
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Unlike Shein, which doesn’t have a retail presence in China, many brands are well known in China, where they’ve benefited from the upswing in consumer nationalism to build substantial businesses. But the world’s No. 2 economy is slowing markedly. Consumers are spending less, and companies have responded by aggressively cutting prices. “The ability to sell premium options into Western contexts is not just a market issue, but also a political one nowadays,” says Christopher Marquis, Sinyi professor of Chinese management at the University of Cambridge Judge Business School. “So while Chinese companies may desperately want to go global, there are also significant questions on whether global markets will accept their products.” Of course, products such as e-tablets and robot mops don’t represent the same sort of threat to US and European jobs as EVs do. And their relatively unsophisticated technology means they’re less likely to face market restrictions on national security grounds—which is part of the appeal for investors. #businessstrategy #businessriskmanagement #marketdevelopment #productdevelopment #chinabusiness
Made-in-China Goes Upscale as a New Generation of Brands Battles Slowdown
bloomberg.com
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What’s up with…? - Part 3: Cotti Coffee In the first few weeks of 2024, the Tech Buzz China team is looking back at some of the most important topics we wrote about in 2023. After Temu and electric vehicles, we now update you on Cotti Coffee. Cotti was a new coffee chain that was started in October 2022 by the original founders of Luckin Coffee, who were ousted after a shameful fraud case. Within a year, Cotti had more than 6,000 stores. We wrote an extensive article about how they accomplished that in September 2023. In this new update, we discuss: ▶ Is Cotti still expanding fast? And how about Luckin? ▶ An update on the profitability issues of Cotti ▶ News on its international expansion and new tea brand ▶ Ways in which Cotti is trying to support struggling franchisees ▶ A swelling mutiny among those same franchisees ▶ The question if Cotti will still be around this time next year... We also question some recent news that named China 'the coffee capital of the world' and look at a few interesting recent developments with Starbucks and Luckin. https://lnkd.in/e8vB-7fj
What’s up with…? - Part 3: Cotti Coffee
techbuzzchina.substack.com
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🌟 Our Journey with 6S: From First Steps to Continuous Excellence at Haier 🌟 Embarking on our 6S journey has been a transformative experience for everyone at Haier. Starting with our initial implementation, we have seen firsthand how the 6S principles—Sort, Set in Order, Shine, Standardize, Sustain, and Safety—enhance operational efficiency and workplace safety. #OperationalExcellence #LeanManagement #6S #ContinuousImprovement
🌟 Elevating Efficiency with Haier’s 6S Implementation 🌟 At Haier, our commitment to operational excellence is a cornerstone of our success. We are proud to have integrated the 6S methodology into our daily operations to create a workspace that is efficient, safe, and highly productive. Derived from the Japanese 5S principles, Haier's adaptation includes: Sort, Set in Order, Shine, Standardize, Sustain, and Safety. #Haier #OperationalExcellence #6S #WorkplaceSafety #Innovation #Rendanheyi
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Dive into the future of retail with Dukan! Revolutionize your store experience, connect effortlessly with distributors and manufacturers, and watch your business soar to new heights. #DukanFintech #RetailTransformation
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