How a price war reshaped China’s food delivery empire
China’s food delivery market size reached RMB 1.64 trillion (USD 229 billion) in 2024 and is projected to reach RMB 1.96 trillion in 2027. As of June 2024, the active users of online food delivery services in China amounted to 553 million, accounting for 50.3% of China’s internet user population. This secures China as the […]
7 industries boosted by the lazy economy in China
The lazy economy is an economic phenomenon representing an upgrade in convenience-based consumption. There are three motivating factors of the lazy economy in China: people are becoming busier, technology is getting more advanced, and personal disposable income is increasing. The pursuit of an efficient, leisurely, and a high quality of life has led to the […]