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TOPIC

Consumers

Consumers
News about consumer spending and shifting shopping habits from around the world with a focus on developments in Hong Kong and mainland China.
Toys and collectibles are no longer bought only by children but increasingly by adults, says Leo Tsoi. Photo: Jonathan Wong
Hong Kong property

‘Kidults’ and nostalgia drive Toys ‘R’ Us pivot as Hong Kong retail evolves

The retailer is refining its operations with smaller outlets and lifestyle products to capture new demand from Gen Z and young adults.

US, Israel war on Iran

Why Iran war is making petrol cars an unwanted luxury in Asia

China trade

Record-setting Canton Fair under Middle East cloud as costs hit China’s exports

United States

Ticketmaster owner Live Nation ran illegal monopoly, US jury finds

The anticompetitive conduct hurt music fans and the industry, the panel said in a verdict that may have big repercussions on the music world.

The Ticketmaster logo before an NFL football game in Jacksonville, Florida, in September 2024. Photo: AP
Malaysia

Malaysians urged to tighten their belts as Iran war fallout starts to bite

Economy Minister Akmal Nasrullah Mohd Nasir warns the effects of the crisis can last until next year, with oil prices expected to remain high.

China’s private sector

Chinese firms drawn to Brazil as they seek anchor for Latin America expansion

Chinese brands like Mixue, BYD, and Geely are surging into Brazil, leveraging strong trade ties and local strategies for growth.

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China’s private sector

China’s tea-drink shops thirst for profits as price wars dry up prospects

‘I am learning a hard lesson of how involution can destroy my business,’ a Shanghai shop operator says.

Tea-drink sales grew 6.4 per cent in 2025, a sharp drop from annualised growth of more than 20 per cent over the past two decades. Photo: Shutterstock
European Union

Ireland police remove farmers, blockades protesting against fuel price rises

The protests have led to blockades at Ireland’s only oil refinery and prevented tanker trucks from delivering fuel to petrol stations.

Electric & new energy vehicles

Hyundai spearheads foreign EV comeback push in China with Ioniq brand

South Korean carmaker bets on local partnerships and technology as global brands prepare fresh push into China’s fast-moving EV market.

United States

Popeyes returns to Beijing after 24 years, as global chains eye China growth

Brand aims to open up to 20 stores in Beijing this year after ‘two years of exploration’, mostly in Shanghai, to perfect its model, CEO says.

Diners crowd Popeyes’ Beijing store at The Malls at Oriental Plaza on April 10, 2026. Photo: Zhu Wenqian
China inflation

China’s factory-gate prices rise for first time in 3 years as Iran war bites

The producer price index rose by 0.5 per cent in March, the first increase since 2022, as soaring global commodity prices affected Chinese firms.

A worker fills up a car at a petrol station in eastern China’s Shandong province. Photo: Getty Images
Banking & finance

Yiwu market owner eyes Hong Kong IPO to support overseas expansion

Hong Kong listing plan comes after the company reported net profit of 4.2 billion yuan for 2025, up 36.8 per cent from a year earlier.

Fashion

Feng Chen Wang on 10 years in fashion and ‘Chinamaxxing’ before it was cool

The Chinese-born designer, who had Virgil Abloh as a mentor, just celebrated her brand’s 10th year at Shanghai Fashion Week.

Electric & new energy vehicles

Volkswagen tests China’s appetite for locally developed EVs

The three models, which will be launched over the next two weeks, use technology developed by Volkswagen’s Chinese partners.

Volkswagen unveiled the ID. ERA 9X, ID. AURA T6 and ID. UNYX 08 electric vehicles in Beijing on Wednesday. Photo: Reuters
Electric & new energy vehicles

Chinese carmakers bet on solid-state batteries to drive next EV phase

Carmakers push next-generation battery tech as they chase longer range and improved safety, despite high costs.

Analysts say the technology promises higher energy density, improved safety and longer driving range. Photo: Shutterstock
The Philippines

Why high fuel costs could accelerate the Philippines’ EV boom

Vietnam’s VinFast is seizing the moment by offering incentives for drivers to make the switch from petrol-powered vehicles to electric.

Electric & new energy vehicles

More foreign marques face a do-or-die moment as Chinese buyers shun petrol cars

Following Skoda’s exit from China, other carmakers with falling sales are also likely to close shop this year, analysts say.

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China consumption

China’s luxury spending seen boosting global sales in 2026 despite headwinds

Affluent Chinese consumers are expected to splurge, though a volatile property market and oil price shocks pose challenges, analysts say.

A huge, ship-shaped Louis Vuitton cultural and retail landmark is seen in Shanghai. China’s luxury spending is expected to help drive a global rebound this year. Photo: Getty Images
Tianjin

Japanese chains lose ground in north China as competition and deflation bite

Store closures in Beijing and Tianjin highlight mounting pressure from domestic rivals amid shifting consumer habits.

Hong Kong society

Letters | Hong Kong consumers need not be at sea when it comes to oysters

Readers discuss safety when processing and consuming oysters, the handling of an incident on the MTR’s East Rail line, and school classroom management.

Food and agriculture

China to boost frozen pork reserves as hog prices tumble to multi-year troughs

The national average hog price fell to an eight-year low of 10.68 yuan per kg in the fourth week of March.

A supermarket employee cuts pork in Huaian city, Jiangsu province. Photo: Costfoto/Future Publishing via Getty Images
Electric & new energy vehicles

Tesla outraces China’s BYD in pure electric car sales to regain world’s top spot

Shrinking subsidies, new taxes sap China’s EV demand, giving Tesla an edge in global deliveries for first time since fourth quarter of 2024.

Drivers charge their vehicles at a Tesla supercharger station. Photo: TNS
Hong Kong stock market

China’s Pop Mart struggles despite buy-backs as Labubu reliance sparks concerns

Toymaker’s shares have fallen nearly 50 per cent since February as investors weigh slowing overseas growth and dependence on flagship line.

Electric & new energy vehicles

Leapmotor targets global growth with Europe R&D hub, eyes Canada assembly

Chinese EV maker lifts overseas sales target as rising fuel costs and easing tariffs boost demand abroad.

China’s private sector

Splashing out: how much would you expect to pay for LV’s latest quirky man bag?

Offbeat designs may not drive sales, but they sharpen brand identity and attract individuality-seeking buyers, analysts say.

Louis Vuitton’s watering can bag sprinkles novelty on luxury. Photo: Handout
Electric & new energy vehicles

China EV makers surge back in March as subsidies and financing spur demand

Carmakers report strong month-on-month gains as policy support and new financing schemes lift buyer sentiment.

The EV rebound has been underpinned by renewed policy support at the local level. Photo: AFP
The Philippines

The Iran war could be forcing Filipinos to rely on credit cards. Here’s why

Analysts warn credit card use could increase further to partly cope with higher prices and reduced disposable incomes.

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China inflation

China has ‘room’ for imported inflation, but economic risks rising: PBOC adviser

As US-Israel war with Iran sends prices up, a monetary expert says impact on China depends on conflict’s severity, while higher energy costs are worrying.

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