Online retailer Alibaba Group Holding Ltd. reported sales jumped 54 percent to $14.3 billion during the 2015 Singles’ Day, compared with sales recorded in the previous year. This highlights the resilience of consumer spending in China despite the current economic slowdown, the company said. It took just half a day for sales generated to overtake the previous year’s 24-hour total sales of $9.3 billion, the company also said.
"Alibaba Smashes Singles’ Day Record; Sales Hit $14.3 Billion", Wall Street Journal, November 11, 2015
In China, there were 21 fast moving consumer goods companies reaching more than 100 million urban households during the year ending October 9, 2015, according to Kantar Worldpanel. Data from the market research firm revealed Procter & Gamble was able to keep its lead among all FMCG companies, reaching 153 million urban families, or 95.5 percent, during the past 12 months. China-based dairy companies Yili and Mengniu took the next two spots with 88.5 percent and 88.2 percent of urban households, respectively. In contrast, only 15 companies reached more than 100 million urban households in the country in 2012. Although P&G and Unilever kept their lead in the personal care and household care segments, Liby and Nice Group posted impressive gains of 5.4 percent and 3.7 percent, respectively, during the period.
"Who Are Winning More Chinese Consumers in 2015?", Kantar Worldpanel, November 25, 2015
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Reuters, November 26, 2015
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