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Allison Malmsten - 3 — - 2 Daxue - 2 It's - 1 McDonald's - 1 Shaun Rein - 1 Rein - 1 Malmsten - 1
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Daxue Consulting - 3 Service - 2 Business - 2 Getty - 2 Thursday - 1 McDonald's - 1 Tier - 1 China Market Research Group - 1

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4 mentions found


☆ American fast-food giants are going big on a China wager, betting they can get the country's new middle class to love them back
  + stars: | 2024-09-10 | by ( Matthew Loh | ) www.businessinsider.com   time to read: +11 min
An expansion rate surpassing America'sKFC, run by Shanghai-headquartered Yum China, has historically enjoyed the lion's share of the country's fast-food cravings. Hopes for a new middle class in ChinaCities in China are unofficially grouped into tiers according to their status, size, and wealth. Chinese KFC has nearly doubled its menu itemsExpanding during a sluggish economy might make sense for fast food brands, which are often classified as recession-proof as consumers downgrade their spending. Advertisement"Now, they are doubling down further on this strategy by expanding into the inland regions of China, especially Tier Three and Tier Four cities with a growing middle class," they told BI. Yum China has also been expanding aggressively in the country's burgeoning coffee scene, establishing a popular spin-off called KCoffee.
Persons: —, It's, McDonald's, Shaun Rein, Rein, Allison Malmsten, Malmsten, Cui Nan, Wang Gang, Jonathan Bernstein, Bernstein, Kung Fu, Daxue, it's, They've Organizations: Service, Thursday, Business, McDonald's, Tier, China Market Research Group, KFC, LONG, Future Publishing, Getty Images, China, US, Yum China, Daxue Consulting, Publishing, China News Service, Getty, Analysts, Yonder Consulting Locations: China, Kentucky, Weibo, Hangzhou, China's, Shanghai, China Cities, Beijing, Guangzhou, Shenzhen, Chengdu, Chongqing, Nanyang, Suqian, Jiangsu, London, Asia, Shanghai thronged
☆ The Chinese economy is so bad, even Chinese people can't be enticed into buying dirt-cheap mega-sale items
  + stars: | 2024-07-09 | by ( Aditi Bharade | ) www.businessinsider.com   time to read: +5 min
Chinese e-commerce giants try to lure in customers with attractive salesHistorically, e-commerce has accounted for a hefty chunk of China's retail spending. AdvertisementIn 2023, online retail sales nationwide reached $2.12 trillion, accounting for 27.6% of the total retail sales of consumer goods in the country, according to the National Bureau of Statistics. China's youth unemployment rate stood at 14.9% as of December, according to China's National Bureau of Statistics. And the average per capita income in China in the first quarter of 2024 was $905, according to the National Bureau of Statistics. Figures from the National Bureau of Statistics showed that new home prices in 70 major Chinese cities were down 0.7% from April.
Persons: —, they've, Alibaba, JD.com, Allison Malmsten, Yaling Jiang, they're, Jiang, Evergrande Organizations: Service, Business, CNBC, National Bureau of Statistics, Apple, Daxue Consulting, National Bureau, Statistics Locations: China
☆ From ice cream to cattle feed: Here are the winners and losers as the summer heat bears down
  + stars: | 2023-06-21 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +3 min
With temperatures hitting all-time highs, consumers are turning to ice cream and chilled drinks to beat the heat — and analysts say some sectors could benefit. Several Southeast Asian cities hit record high temperatures in May as global climate change exacerbates heat waves and air pollution in the region. A street vendor selling bottles of chilled water amid high temperatures in Dhaka, Bangladesh, on Tuesday, June 6, 2023. "Use of air-conditioning will skyrocket, benefiting the HVAC industry but leading to extremely high levels of energy usage," said Allison Malmsten, public research director at Daxue Consulting. Cattle feeding at a cattle farm on December 13, 2020 in Pingliang, Gansu Province of China.
Persons: Bain, Zara Lightowler, Kuo, David Kuo, Allison Malmsten, Daxue, Rice Organizations: Getty, Company's, Vitasoy, Cola, PepsiCo, Bloomberg, Unilever, Smart Investor ., Daxue Consulting, Visual China, Co's, Sustainability Locations: Srinagar, Indian, Kashmir, Asia, El, Southeast Asia, Dhaka, Bangladesh, Pingliang, Gansu Province, China, Laos, Malaysia
☆ Dorothy Pitman Hughes, Black Feminist and Activist, Has Died at 84
  + stars: | 2022-12-12 | by ( Ginger Adams Otis | ) www.wsj.com   time to read: 1 min
Dorothy Pitman Hughes in 2013 with a 1970s image of her and Gloria Steinem. Dorothy Pitman Hughes , a Black feminist, activist and child-welfare advocate who collaborated with Gloria Steinem , has died. She was 84 years old. Ms. Hughes died Dec. 1 of natural causes at the home of her daughter Delethia Ridley Malmsten in Tampa, Fla., Ms. Ridley Malmsten said Sunday.
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