In Asia-Pacific, 63 percent of millennials 22‒29 years old are living with their parents, according to a CBRE survey. In China, more than 60 percent of millennials are staying with their parents, the third highest in the region after Hong Kong and India, which both had around 80 percent. Data from the report revealed cultural norms and high property prices are keeping Chinese millennials from buying their own place, with 28 percent of respondents claiming it would take them 2‒5 years to afford to move out. Almost 90 percent of Chinese millennials dream of buying property, compared with the Asia-Pacific average of 55 percent. Millennial consumers in China spend 14 percent of their incomes on non-food purchases, the highest rate in the region.
"Study: Chinese Millennials Spend Big on Shopping Because They Live with Their Parents", Jing Daily, October 30, 2016
Unilever China won the Sustainable Business Award of British Business Awards 2016. Created by the British Chamber of Commerce Shanghai in 2008, the Awards highlight and promote “excellence in innovation, enterprise, and endeavor in the British and Chinese business communities.” Among the criteria of the award are the presence of “identified vision and set of values” and integration of sustainability in business strategy and practices in the country.
"Unilever Wins Sustainable Business Award of British Business Awards 2016", PR Newswire, November 10, 2016
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Luxury Daily, October 20, 2016
Cosmetics Business, October 21, 2016
Mintel, November 08, 2016
Trefis , November 22, 2016
Mondelēz International, November 23, 2016
Kantar Worldpanel, November 24, 2016
Euromonitor International, November 26, 2016
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