The hundred billion business of beauty and personal care amid the rising “she-economy”
With the rise of beauty economy comes an opportunity for beauty and personal care appliances to grow. A number of big brands of the industry have been building their strong presences on social media and reality shows with celebrity endorsements.
Washing machine sector struggles to recover while keeps upgrading
Washing machine sector struggled in 2020 with output and sales suffering in the first half of the year and rebounding in the second half amid the pandemic. In this context, washing machine enterprises have been exploring possibilities to change the game through actively looking for opportunities in ...
China's home appliance sector sees profit growth in Jan-Feb
China's home appliance sector posted rising revenue and profits in the first two months of the year, data from the Ministry of Industry and Information Technology showed. During the period, the industry's operating revenue gained 62.3 percent year-on-year to 222.5 billion yuan ($34.02 billion),...
Read More →Online market surpassed offline market for the first time by retail sales value of home appliances in 2020
Retail sales value of China’s home appliance market came to 833.3 billion RMB in 2020 with online channels accounting for more than 50% for the first time, according to a home appliance market report released by China Center for Information Industry Development (CCID).
Read More →China’s home appliance industry rallied steadily in 2020 with exports exceeding 80 bn USD
China’s home appliance market was severely affected by the outbreak of Covid-19 in the first half of 2020. With Covid-19 gradually contained within China and consumption stimulus policies implemented, home appliance manufacturers actively adopted adjustment measures to resume production and sales...
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