How Celebrity Brands Can Build Durable Businesses In China
On the weekend of this year’s 520 Day, Justin Bieber’s Drew House returned to China for its first offline event since the pandemic. Fans in Shanghai flocked to the flower shop-themed pop-up to take pictures with the art installation of giant roses and shop the collection of smiley-emblazoned streetwear.
The same weekend, Chinese actor Bai Jingting’s Goodbai brand officially opened its first offline store in Shanghai. Read more Jing Daily
Tencent, NetEase Made 80% of Revenue at China’s Top 10 Listed Game Developers in First Quarter
Gaming giants Tencent Holdings and NetEase accounted for more than 80 percent of the total revenue made by China’s 10 biggest listed video game developers in the first three months of the year. Operating revenue at the top 10 companies, except Tencent and NetEase, shrank because of slower pace of new game launches, lower income from existing games, and fewer online players, among other factors, according to their first-quarter earnings reports. Read more Yicai Global