[October 20th – 27th]
Panda Review 22 China digital news
So what happened these past 2 weeks in China ?
Read our press review below: all the best news about E-commerce, digital marketing, social media, KOL news, travel retail and tourism industries, new technologies, Chinese society and culture. And sometimes, great Chinese digital market white book or report to download that we found for you!
🛍️ E-commerce & Co.
BUSINESS OF FASHION – October 21, 2021
Chinese Hunger for Luxury Fuels L’Oréal Sales Growth
L’Oréal on Thursday posted better-than-expected revenue growth for the third-quarter, fueled by continued strong demand for its luxury lines and sustained growth in China.
SOUTH CHINA MORNING POST – October 24, 2021
The older Chinese consumers turning silver into e-commerce gold
The coronavirus pandemic has nudged many people over 60 to shop online. It’s a growing market and businesses need to make sure that their offerings are accessible, observers say.
JING DAILY – October 25, 2021
Luxury Brands: Don’t Worry About China—Worry About Your Game
I understand why the future of China’s meteoric luxury market might look shaky, but China will be fine. Will your brand, though?
🤳 Digital Marketing, KOL
JING DAILY – October 21, 2021
Is Xiaohongshu Becoming Dangerous for Luxury Brands?
The Gen Z-favored lifestyle platform Xiaohongshu is under fire. The social networking site, which cemented its reputation thanks to users sharing word-of-mouth reviews on fashion, food, and travel, has been heavily criticized for its supposedly inauthentic and overly beautified posts.
DAO INSIGHTS – October 22, 2021
Mercedes-Benz China crashes into brand ambassador controversy
The German luxury automotive brand, Mercedes-Benz, has recently been caught up on Chinese social media for featuring China’s stand-up comedian Yang Li, who has been accused by some of making comments that provoke gender conflicts.
👀 New Technologies
CNBC – October 19, 2021
Shares of China’s Xiaomi jump 5% on news it will mass produce its own electric cars in 2024
Xiaomi CEO Lei Jun said on Tuesday that the Chinese smartphone is expecting to mass produce its own electric vehicles in the first half of 2024.
SOUTH CHINA MORNING POST – October 22, 2021
TikTok’s China sibling Douyin launches mandatory five-second pauses in video feed to curb user addiction
Douyin, the Chinese version of short video-sharing app TikTok, is forcing users to take a break after long viewing sessions.
CHINA DAILY – October 22, 2021
Virtual friends called growing trend
As social networks become more of a part of daily life, someone who feels sad may pour out their heart in a post. A friend might see the post and set up a group chat with other friends to provide comfort through texts or electronic conversation. These days, however, such friends don’t have to be human beings. They can be AI entities powered by artificial intelligence.
🏮 Society & Culture
DAO INSIGHTS – October 21, 2021
Alibaba to cut carbon emissions by 26 000 tonnes over Double 11
The tech giant, Alibaba, is set to reduce its carbon emissions over the Chinese shopping spree Double 11 by 26,000 tonnes. The platform is to collaborate with household appliance sellers to achieve the targets, furthering Alibaba’s push for a more positive impact upon the environment.