Summary of China’s Consumer Brands in 2019

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China’s Consumer Brands in 2019 summary
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China’s consumer brands are in for a year of volatility in 2019. The country’s economy is on a downward slope, so consumers are likely to hold off on purchases. As a result, almost every brand will find itself under siege. Gao Ge, an analyst for business platform 36Kr offers advice on how to deal with a tougher environment, such as focusing on young consumers and new retailing. As a silver lining for domestic brands, she highlights the nation’s continued demand for homegrown brands. The article could be better structured, but Gao’s expertise will be helpful for anyone who wants to safeguard his or her business or investment in the Chinese consumer brand market.

In this summary, you will learn

  • What the year 2019 has in store for Chinese consumer brands,
  • What factors are driving new consumer trends and
  • How Chinese consumer brands can continue to thrive.
 

About the Author

Gao Ge is an analyst for 36Kr. Founded in 2010, 36Kr aims to be a reliable start-up platform that provides the latest entrepreneurial information, technology news, and features services such as investment and financing docking, equity investment, and rapid financing.

 

Summary

As China’s economic growth slows and competition gets fiercer, the year 2019 looks grim for the country’s consumer brands. Demand for basic consumer products isn’t showing much potential for growth, and consumers will likely be more hesitant to buy higher-tier consumer products. However, the new business environment poses both risks and opportunities for all players – big or small – who want to stay ahead. The challenge will push Chinese consumer brands to restructure and to readjust strategies. Brands will have to refine their products and optimize their services if they want to stay competitive. Weaker competitors that don’t adapt will disappear. As a result, the market will be left with better and stronger players. 


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