The minimum sample size per quarter, per market is 1,250; bigger markets have larger quarterly sample sizes, with the maximum being 25,000 in China and the US. Respondents can only participate in GWI’s research once per year. The survey is designed to cover attitudes, perceptions, and actual behaviors.
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| Oct 20, 2022
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| May 7, 2023
Source: Accenture
TikTok hopes livestream commerce will help it reach its aforementioned $20 billion commerce goal, but so far, US consumers have been slow to adopt the behavior that will drive $562.62 billion in ecommerce sales in China this year. This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.
Article
| Jul 10, 2023
TikTok has also reportedly stored sensitive financial data of its major influencers on Chinese servers, countering CEO Shou Zi Chew's claims that US data is stored only in Virginia and Singapore, per Forbes.
Article
| Jun 28, 2023
Our Jeremy Goldman was noting that TikTok will need to prove those messages can be kept private considering the US government's concerns with TikTok's connections to China. And Debbie, I thought it was also interesting to see that the company, TikTok, sees themself according to one of their spokespeople as an entertainment channel, which I thought was interesting.
Audio
| Sep 14, 2023
But China-based fast-fashion giants like Shein and Temu could challenge the retailer. Some 44% of Gen Z adults view Shein favorably, according to Morning Consult, which explains why Shein hauls are all over TikTok. Gen Z’s increased spending power and adherence to micro-trend fashion cycles could challenge Amazon’s fast-fashion business.
Article
| May 22, 2023
Kearney’s China Diversification Index, which analyzes the shift of US manufacturing away from China to other low-cost countries in Asia, saw the US import value from China decrease from 66% of the total in 2018 to 55% at the end of 2021. “Made in America” will shift from a consumer preference to a business imperative.
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| May 17, 2022
Douyin, TikTok’s Chinese counterpart, already has a strong domestic ecommerce presence. The next logical step for ByteDance would be to take the lessons it has learned in the developed Chinese social commerce space and apply them to growing markets like the US. For context, we expect that US social commerce sales will grow by 35.8% this year to $36.62 billion.
Article
| Oct 6, 2021
China is expected to make an early 2022 launch of its digital yuan. That beats the other 81 countries representing more than 90% of global GDP that were exploring CBDCs as of July 2021, according to Atlantic Council data cited by Axios. Being a pioneer will allow China to resolve development hurdles and smooth out regulatory issues—barriers that could keep other countries sidelined for years.
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| Dec 8, 2021
Facebook is also experimenting with livestream shopping, which already drive huge volumes of sales in China. There are few notes of caution, though. Although China often adopts mobile trends ahead of the US, the retail industries in the two countries are different enough that there’s no guarantee that something like shopping videos in the US will take off in the same way they have in China.
Article
| Oct 8, 2021
The global economy is likely set for a soft landing, inflation is cooling off, and the worst is seemingly over in Europe and China. As a result, we anticipate a steady retail environment for the next several years across most regions of the world.
Article
| Feb 27, 2023
The big takeaway: The Chinese government’s pandemic response has highlighted the consequences of relying on China as the world’s factory. The situation has driven a host of manufacturers to reassess their production and supply chain strategies to mitigate their risk. Yet there’s no simple way to counteract the ripple effects of slowing Chinese retail sales.
Article
| May 16, 2022
Governments are planning for robust investments in the sector, with China planning to spend $15.3 billion, followed by the EU’s $7.2 billion earmark, per Tech Monitor. So far this year, China-based Origin Quantum has raised the most startup funding at $148.2 million to develop its 1,024-qubit quantum processor by 2025.
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| Aug 29, 2022
And it also depends on where in the world you are, because there's this other study that just came out, The Clinician of the Future from Elsevier, and it shows that Chinese doctors are really all set to use AI, whereas doctors in the UK and the U.S. are far less ready to trust it.
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| Sep 19, 2023
But they will need to rely less on China and navigate the changing tastes of viewers who prefer to watch new films at home.
Article
| Jan 3, 2022
Whether TikTok Shop can replicate the success of its Chinese counterpart, Douyin, remains to be seen.
Article
| Jun 27, 2023
Beyond the chart: China is absent from this ranking as its social users are on TikTok’s sister app, Douyin. This year, Douyin’s penetration among social users in China will be 77.4%, far higher than TikTok’s penetration in any country, per our forecast. Douyin is also a retail powerhouse in China, but TikTok users in the US have been slower to adopt social commerce.
Article
| Jan 27, 2023
Despite that short-term pain, the company remains confident in China as a long-term growth market, said CEO Dani Reiss during the retailer’s earnings call, noting that Canada Goose continues to seek leases in key locations throughout China. Global headwinds: The economic challenges facing high-end brands extend far beyond China.
Article
| Nov 2, 2022
Yeah, actually, I talked to a representative from TikTok earlier in the year and they said that they were going to do this and they're really interested in also replicating their live selling success in China. So, they're basically just translating a business model that worked somewhere else, to the US. And I get why they're doing it, because they want to keep everything within their ecosystem, right?
Audio
| Sep 26, 2023
The news: Chances are high that any potential sale of TikTok to a US company will be opposed by the Chinese government, per The Information. TikTok’s complicated situation: Popular video-sharing app TikTok is facing a potential ban in the US unless its Chinese owner, ByteDance, sells it.
Article
| Mar 20, 2023
Production of rice in China and coffee beans in Brazil also face challenges. Bird flu: A severe outbreak of the bird flu has plagued the US over the past year, sparking a substantial uptick in the price of poultry and eggs. Buying Behavior by Product Category. The most common reaction to inflation is generally to cut back on fresh foods and certain nonessentials.
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| Oct 25, 2022
Calls to ban the app are higher among those aware that TikTok is owned by China over those who are not (60% vs. 27%). Users of the app are less supportive of a ban than non-users (19% vs. 60%). 88% of survey respondents say they have little or no confidence that Chinese social media companies will follow their privacy policies regarding personal information, per Pew.
Article
| Apr 4, 2023
WeChat’s 811.0 million monthly users in China this year would place the super app in second place in Asia-Pacific, according to our figures. Tencent’s flagship also has millions of additional users among the Chinese diaspora in the region and around the world. Douyin’s 692.5 million users this year (all in China) would put it in third in the region.
Report
| Jan 18, 2022
The trend may reverse if consumers here gain more access to smart products from Chinese companies. Audio streaming experienced a sharp decline of 12.0 percentage points year over year. Across all age and socioeconomic groups, digital audio lost traction in H1 2022, again due in part to major services like Spotify pulling out of Russia.
Report
| Oct 20, 2022
The US, China (each 24%) and Japan (23%) weren’t far behind. Cost was a bigger factor in the US and China (each 24%), followed by Japan (21%), Germany (20%), Sweden (16%), and the UK (13%). Our take: No country has a perfect system, as far as patients are concerned.
Article
| Feb 9, 2023