Tag: China
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The Entrepreneurial Story of Teacher Tian’s Braised Pork and Hometown Meat Pie
Tian Jie, once a Chinese language teacher, transformed into a successful entrepreneur in Beijing with Hometown Fast Food Co., Ltd. His journey began with “Er You Restaurant,” which faced initial struggles but later flourished with the introduction of Jingdong meat pies and Teacher Tian’s Braised Pork. Hometown’s rapid expansion and successful low-price strategy have made…
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The Evolving Landscape of China’s Milk Tea Market in Last Year(2023)
In 2023, China’s milk tea market saw significant changes driven by five key trends. The booming bubble tea market exceeded 150 billion RMB, reflecting its growth and adaptability. Health-conscious zero-calorie tea drinks gained popularity, and competition intensified with price wars and the surge of new milk tea brands. Automation also revolutionized the industry. Notably, “Heytea,”…
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China’s Latest Video Game Regulations (draft), Killing Their Chip Market
If there are no gamers? Who will buy a graphics card?
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ROCKBROS: A Chinese cycling accessories brand that conquers the international stage
The entrepreneurial story of Chinese bicycle brand ROCKBROS and its founder Zhang Xingang.
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Convenience Meets Tradition: Unraveling the Phenomenon of Ready-Made Meals in China
The popularity of ready-made meals in China reflects changes in lifestyle dynamics favoring convenience and efficiency. This market has grown to a size of 419.6 billion yuan in 2022, a trend fueled by urbanization, dual-income families, and middle-class growth. Despite controversies regarding school meals and public perception, ready-made meals offer a potential platform for standardizing…
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Understanding the No-Tipping Culture in China
In China, tipping isn’t widespread as it is taken as a potential disruption to social harmony. Rooted in Confucian values, the Chinese see tipping as creating inequality. The idea of ‘face’ (reputation) is also a factor, with tipping potentially implying a lower social status. Chinese service workers typically earn a fixed monthly salary that isn’t…
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China Black Pearl Restaurant Guide Released
On March 31, Meituan released its latest “2022 Black Pearl Restaurant Guide”, the guide is a culinary benchmark for Chinese diners and is known as the Chinese version of “Michelin”.
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Every dog has its day: China’s largest second-hand trading platform – Xianyu
Xianyu is currently the largest second-hand trading e-commerce platform in China, similar to ebay in Europe and the United States and Mercari in Japan. Its Gross Merchandise Volume exceeds RMB 200 billion, according to a report for fiscal year 2021 (April 1, 2019 to March 31, 2020). But few people may know that its predecessor…
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Luckin Coffee: The number of stores in China has surpassed Starbucks
Despite the financial fraud scandal, Luckin is still a deserving coffee unicorn in China. By the end of 2021, its total number of stores had reached 6,024, surpassing Starbucks China’s figure of 5,557, for real.
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Lanzhou lamian, the Chinese fast food that doesn’t come from Lanzhou
Lanzhou lamian, because of its presence in the streets of various cities in China, is jokingly referred to by Chinese netizens as one of the three mysterious organizations in the Chinese restaurant industry. In fact, the traditional food of Lanzhou is called “Lanzhou Beef Noodle”, and there is an interesting evolution of why this Chinese…