Performance of China's home appliance industry in 2019 and forecast on 2020
Home appliance industry saw revenue of 1.6 trillion Yuan for year 2019, up by 4.31% year-on-year, and profit of 133.86 billion Yuan, up by 11.89% year-on-year, according to National Bureau of Statistics. With most categories slowing down in growth, some maintained a strong growing momentum. For...
Retail sales value of home appliances and audio and video equipment down by 30% in first two months
Combined retail sales value of home appliances and audio and video equipment plunged by 30% in the first two months, according to the latest statistics released by National Bureau of Statistics on March 16, 2020. It is shown that total retail sales value of consumer goods came to 5213 billion Yuan, ...
Read More →Home appliance industry to see rebound
China's home appliance industry is likely to see pressure in the short term as the novel coronavirus outbreak will influence the supply of raw materials and the sales of brick-and-mortar stores. But the impact should be temporary and this segment will see a big rebound once the outbreak ends,...
Coronavirus Boosts China's Disinfection Cabinet E-Sales by 70%
Disinfection appliances have been selling like hotcakes in China amid the novel coronavirus. The online retail volume of disinfection cabinets jumped over 70 percent in the first two months of this year over the same period last year, and multifunctional sterilizers have emerged for banknotes,...
The lackluster five years of smart toilet industry
Five years ago, an article titled “Go to Japan to buy a smart toilet seat” written by Wu Xiaobo went viral in China, making this product a hot item on everyone’s lips. At that time, the industry was broadly believed to be taking off soon. Looking back at the start of 2020, I find that the smart...
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