Erin lin’s Post

In shaping the future, there are lessons we can learn from China and accordingly engage inclusively to create initiatives in our local communities. There are many opportunities to improve the socioeconomic sectors to increase job opportunities and develop the nation. Sharing the video on Taobao Villages in China's Development through Transformation in E-commerce. https://lnkd.in/g5ksWUNV

Great piece on China’s service mindedness no matter if you eat hotpot, shop online, go to a spa or buy an electric vehicle. […] The first thing to understand about this consumer paradise is that service in China is now second to none – and we mean you Japan! This applies to everything, from restaurants, to e-commerce platforms, to hairdressers, to banks, to airlines. But this isn’t Japanese service with lots of bowing, scraping and artisanal attention to detail. This is the Haidilao model – industrialized customer service scaled for the masses. The happiest place in China must be inside Haidilao hotpot restaurants. The mid-priced (US$16 per person) restaurant chain singlehandedly raised the bar for all retail service in China. Customers are ushered through the “Haidilao experience” – a balletically choreographed cascade of thoughtfulness. […] #china #consumer #ecommerce #ev #automotive #service #hospitality #tourism #fmcg #online

Are you missing out on a smarter way to generate sales in China? As marketing traffic in China has become increasingly more expensive to purchase and even harder to monetize, premium consumer brands have increasingly been searching for more direct and cost effective ways to engage with consumers. Social ecommerce is the answer. Founded in 1985, Hong Kong based CTG Bus transports 6 million passengers between the booming Greater Bay Area in China's South and the retail tourism mecca of Hong Kong. With this physical traffic as its foundation, CTG Bus created CTS Bus Mall, a cross-border ecommerce platform that now serves the whole of the China market. Through the power of social ecommerce and the compounding effect of product advocacy from more than 20 million subscribers, CTS Bus Mall is able to generate more sales, reduce the cost of customer acquisition and significantly increase return on marketing investment.   If you are already selling a premium consumer brand into the China market and you are interested in developing a multi-channel approach to grow profitable sales, then CTS Bus Mall is the solution.   For more information about CTS Bus Mall or for a conversation about how you can achieve sales success in #China, please visit our website at https://lnkd.in/gKNcP9_u or contact the experienced team at info@ctsbusmall.com.au. #chinamarket #chinaecommerce #crossborder #ecommerce #crossborderecommerce #ecommercesolutions #marketentry #profitablegrowth #salesgrowth #australianmade #australianbusiness #consumergoods #premiumbrand #fmcg #foodandbeverage #wine #australianwine #personalcare #lifestyle #healthandwellness

Curious to learn about China's migration out of Tier 1 Cities and into "smaller" cities? This shift is real and being driving by lifestyle preferences and the desire to remove some of the financial burdens of living Shanghai, Beijing, Guangzhou and other super cities like Chengdu, Chongqing, Shenzhen and Tianjin. This article shares some great graphs and data on the topic. It is also highlights that it is creating real opportunities for entrepreneurs, franchisors and international chain businesses in China. Here is one of my favorite facts about China... China has 113 cities with a population over 1 million residents. The US has 10. So, many of the "small town" moves are to places with populations greater that most major cities in the US. One of the cities mentioned in the article, Nanchang, has a population of 2.9 million people. Plenty of customers to purchase coffee, tea and chicken. Another favorite tidbit, I consider KFCs KCoffee one of the most under discussed coffee concepts in China.  They are HUGE.  As consumer order patterns changed, KFC has replaced the POS spaces in their stores with coffee stations and offer a full range of espresso beverages using their signature coffee roast.  They have the additional advantage of offer coffee beverages as part of meal bundles. KFC removed their ordering kiosks earlier this year and have migrated all their customers to mobile ordering. Meanwhile Yum China has also made it a priority to enhance the in store experience for those wanting to enjoy a quick tea break with friends. I was in a local KFC last week at 3:00 PM and it was packed with people enjoying coffee, desserts and small snacks with their friends. (Will add some pictures in the comments section.) All this to say there is still plenty of opportunity for growth in China. If you are curious to read the article and are not a Bloomberg subscriber, scroll down the link and you will see there is an opportunity to download a single article for free.  Thanks Bloomberg! Thanks also to Jinshan Hong, Lulu Shen, Daniela Wei , CFA and Yijing Liu for this thoughtful article. Check out the comments for my photos and the link to the article. Enjoy!

Super interesting article about the growing reverse migration of workers from Chinese mega cities to "smaller" cities. A real phenomenon from what I can observe myself, but not quite well covered indeed. Shenzhen and Shanghai are facing an impressive population outflow since 2023. Thanks Jessica Gleeson for bring this paper to my attention :-) NB: I left my email to Bloomberg so to read the full article... 😉

[Retail Industry’s Challenge in Hong Kong] It has become a prominent trend for an increasing number of Hong Kong residents to travel to mainland China for shopping and consumption. According to statistics provided by the Immigration Department, in 2023, over 53.3 million departures were made by residents of Hong Kong to mainland China. In contrast, mainland Chinese visitors accounted for approximately 26.5 million visits to Hong Kong, which is roughly half the number of departures made by Hong Kong residents. Why has the retail industry in Shenzhen attracted a large number of Hong Kong consumers? In addition to pricing, a wider range of brands and a holistic shopping experience are also important factors! For example, the recently opened large-scale supermarket Costco in Shenzhen offers a diverse range of products and brands, and its ample shopping environment provides an enhanced experience for consumers. In addition to shopping, many Hong Kong residents also engage in entertainment activities such as massages, karaoke, manicures, and dining after shopping in Shenzhen, greatly enriching their overall itinerary. Facing this intense competition, how can the retail industry in Hong Kong stand out and win over consumers? It requires exploring its advantages in a diverse competitive environment and tailoring differentiated strategies to precisely attract potential consumers. It has to be a collective effort among key players. Drop us a message or email if you would like to learn more! Our team will dive deep into the abyss of market trends, competitors, and consumer behaviour, all to brew up a unique solution that can let your strengths shine through. Statistics source: Immigration Department of Hong Kong, Shenzhen Retail Industry Association #MarketingTrends #Retail #hongkong

With record-breaking inbound visitor spending in Japan, especially from diverse nationalities setting new monthly records, there's a burgeoning opportunity for businesses to introduce their products to a ready market. The surge in spending highlights the growing interest and financial engagement of tourists, making it an ideal time for new entrants to capitalize on this momentum. For those considering expanding into the Japanese market, aligning with this uptick in spending could open doors to significant business growth. #MarketEntry #TourismEconomy #BusinessExpansion

Why has Shenzhen become such a hot destination for Hong Kong residents? If you’re in Asia, you’re noticing this shift. Shenzhen has been notably bustling since mid-2023 and is drawing many visitors from across Asia (especially on weekends) filling shops and restaurants with eager customers post-Covid. Hong Kongers' spending in Shenzhen is driving its resurgence, reversing roles from 5 years ago when mainland Chinese shoppers filled Hong Kong streets. Here are four reasons why Hong Kong residents are going to Shenzhen: 1. Reopening of the Hong Kong-mainland China border: 🌐 Fully reopened on June 23, 2023, after a two-year closure due to the pandemic, allowing quarantine-free travel to Shenzhen. 2. Strengthening Hong Kong dollar: 💵 Recent months have seen the Hong Kong dollar gaining strength against the yuan, making shopping and dining in Shenzhen more affordable for Hong Kong residents. 3. Lower prices in Shenzhen: 💰 Affordability is a key draw, with Shenzhen offering lower prices for various goods and services compared to Hong Kong. 4. Wider range of products and services: 🛍️ Shenzhen, a manufacturing hub, offers unique products like clothing, electronics, and furniture not found in Hong Kong. Have you been to Shenzhen and noticed the same? Share your comments below. Asia is evolving and if you seek an experienced partner to navigate these changes, contact us. 🌏✨ #HongKongToShenzhen #EconomicShifts #BusinessOpportunities #FactumGlobalAsia

Hong Kong's retail and F&B sectors are facing a new challenge: the allure of Shenzhen for Hong Kong residents. Since the lift of cross-border travel restrictions last year, a wave of northbound travel is impacting Hong Kong businesses. Hongkongers are increasingly drawn to Shenzhen for weekend entertainment and shopping, leaving Hong Kong's once-thriving consumer scene with a question mark. So, what's the outlook? While the immediate future may be bumpy, there's room for optimism.  Visit https://lnkd.in/gCeBBETi to read more about the imminent challenges Hong Kong’s retail scene is facing – as well as some of the tactics that can be used to remedy them. #Retail #F&B #GreaterBay #Economy #Shenzhen #Hongkong #rfi #rfiasia #whereIQmeetsEQ