Many think that China goods ar_老虎社区_美港股上老虎

CamilleNah
2021-06-28

Many think that China goods are inferior, but I feel that that’s not really true. It really depends on what your budget is, because they can make anything according to your budget. If you’re willing to pay for good quality products, they have them aswell! 😄

Chinese flock to home-grown brands in golden opportunity for investors

BEIJING/HONG KONG (Reuters) - He Shuang, a student at a U.S. university stranded in her home city of

Chinese flock to home-grown brands in golden opportunity for investors

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If you’re willing to pay for good quality products, they have them aswell! 😄</p></body></html>","htmlText":"<html><head></head><body><p>Many think that&nbsp;China goods&nbsp;are inferior, but I feel that&nbsp;that’s not really true. It really depends on what your budget is, because they&nbsp;can make anything according to your budget. If you’re willing to pay for good quality products, they have them aswell! 😄</p></body></html>","text":"Many think that China goods are inferior, but I feel that that’s not really true. It really depends on what your budget is, because they can make anything according to your budget. 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Recently hotpot and ramen brands are particularly coveted,\" said Ming Jin, managing partner at Cygnus.</p>\n<p>Up to 200 brands are currently seeking new capital from investors, bankers and investors said.</p>\n<p>\"China is the easiest market for building something from zero to a 100-million-yuan sales target,\" a private equity investor in tea chain operator Nayuki said, declining to be named as he was not authorised to speak to media.</p>\n<p>Nayuki last week raised $656 million in a Hong Kong float, which gave it a valuation of $4.4 billion, more than double the level in a December funding round.</p>\n<p>Weilong Delicious Global Holdings, whose flour-based spicy sticks sell for under 5 yuan per pack, raised 3.56 billion yuan in May from big name investors including Tencent, Jack Ma's Yunfeng Capital, CPE, Hillhouse Capital and Sequoia Capital China. The snack maker was valued at nearly 70 billion yuan.</p>\n<p>Sequoia-backed Genki Forest, a soft drink brand seeking to challenge Coca Cola, said it was valued at $6 billion after an April fundraising, ten times more than 18 months earlier.</p>\n<p>Its fundraising attracted investors such as Louis Vuitton owner LVMH's private equity arm and Singaporean state investor Temasek.</p>\n<p>LOCAL VS GLOBAL</p>\n<p>During JD.Com's online shopping festival this month, sales growth of Chinese brands was 4% higher than international brands. The growth in their customer numbers exceeded that of international brands by 16%, JD.com said.</p>\n<p>Chris Mulliken, a Shanghai-based partner at consultancy EY, said nationalism was a factor driving the popularity of local brands, including pride in China's recovery from COVID-19 even as several other countries battle high infection rates.</p>\n<p>\"People are travelling (albeit domestically) and taking the opportunity to rediscover their own country, return to their customs and discover new Chinese brands,\" he said.</p>\n<p>The recent Xinjiang cotton ban imposed by several global brands including H&amp;M, Nike and Adidas over concerns about alleged rights abuses in the province, which offended many Chinese consumers, was another catalyst. China strongly denies the claims and says all labour in Xinjiang is consensual and contract-based.</p>\n<p>Shares of domestic sportswear producers Xtep, Li Ning and Anta have risen 196%, 60% and 38% respectively since April.</p>\n<p>Dealmakers have warned about the sharply higher valuations, while they also say the demand trend will stay for a long time.</p>\n<p>\"Consumers no longer idolize international, multinational brands. They like products and brands that speak for them,\" said Nina Gong, a Shanghai-based managing director with private equity firm Carlyle Group.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese flock to home-grown brands in golden opportunity for investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Recently hotpot and ramen brands are particularly coveted,\" said Ming Jin, managing partner at Cygnus.\nUp to 200 brands are currently seeking new capital from investors, bankers and investors said.\n\"China is the easiest market for building something from zero to a 100-million-yuan sales target,\" a private equity investor in tea chain operator Nayuki said, declining to be named as he was not authorised to speak to media.\nNayuki last week raised $656 million in a Hong Kong float, which gave it a valuation of $4.4 billion, more than double the level in a December funding round.\nWeilong Delicious Global Holdings, whose flour-based spicy sticks sell for under 5 yuan per pack, raised 3.56 billion yuan in May from big name investors including Tencent, Jack Ma's Yunfeng Capital, CPE, Hillhouse Capital and Sequoia Capital China. The snack maker was valued at nearly 70 billion yuan.\nSequoia-backed Genki Forest, a soft drink brand seeking to challenge Coca Cola, said it was valued at $6 billion after an April fundraising, ten times more than 18 months earlier.\nIts fundraising attracted investors such as Louis Vuitton owner LVMH's private equity arm and Singaporean state investor Temasek.\nLOCAL VS GLOBAL\nDuring JD.Com's online shopping festival this month, sales growth of Chinese brands was 4% higher than international brands. The growth in their customer numbers exceeded that of international brands by 16%, JD.com said.\nChris Mulliken, a Shanghai-based partner at consultancy EY, said nationalism was a factor driving the popularity of local brands, including pride in China's recovery from COVID-19 even as several other countries battle high infection rates.\n\"People are travelling (albeit domestically) and taking the opportunity to rediscover their own country, return to their customs and discover new Chinese brands,\" he said.\nThe recent Xinjiang cotton ban imposed by several global brands including H&M, Nike and Adidas over concerns about alleged rights abuses in the province, which offended many Chinese consumers, was another catalyst. China strongly denies the claims and says all labour in Xinjiang is consensual and contract-based.\nShares of domestic sportswear producers Xtep, Li Ning and Anta have risen 196%, 60% and 38% respectively since April.\nDealmakers have warned about the sharply higher valuations, while they also say the demand trend will stay for a long time.\n\"Consumers no longer idolize international, multinational brands. They like products and brands that speak for them,\" said Nina Gong, a Shanghai-based managing director with private equity firm Carlyle Group.","news_type":1,"symbols_score_info":{"00700":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":556,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["CAAS"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":213,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

Chinese flock to home-grown brands in golden opportunity for investors

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