China Market Insights | Double V Consulting

OUR INSIGHTSWe share insights of Chinese consumers posts, ensuring that you stay well-informed about the evolving needs of the local market. Follow our official Wechat account to get the latest insight in time!FOLLOW US Insight articlesSearchTikTok Shop Europe: Can a US$50.3 Billion Machine Win the Region's Most Cautious Shoppers?TikTok Shop closed the first half of 2026 with US$50.3 billion in global GMV, up 92 percent, and the US reclaiming its place as its largest market. The platform is now live in ten European markets, but Germany, France, Spain and Italy together generated roughly €499 million in 90 days, about 70 percent of it through affiliated creators. For Chinese brands weighing TikTok Shop Europe as their next channel, the early numbers are both a signal and a warning.Insights4 days agoMixue Global Expansion: Why the Slowdown Is Not a Low-Price ProblemMixue Bingcheng's overseas store count shrank for the first time in 2025, down a net 428 to 4,467. The easy read is that its low-price playbook finally failed abroad. The real story is more interesting: the pullback was an active restructuring in Indonesia and Vietnam, where new stores now earn 1.7 times the revenue of old ones, while the group's revenue still grew 35%. Low price was never Mixue's sin. It is an industrial output built on a vertically integrated supply chain.Chinese Brands Global PlaybookSep 17Drunk Elephant Skincare: What Went Wrong After Shiseido Paid $845 MillionDrunk Elephant was once synonymous with clean beauty, built on a 'Suspicious Six' exclusion list and a 'skincare smoothie' ritual that carried it from zero to an $845 million price tag. But after Shiseido acquired it, TikTok virality brought in young teens and pushed out the adult, high-spending users who made it. Stockouts, recalls, and a 65% quarterly sales slide slowly turned it into a case study of a big-group integration gone wrong.Case StudiesSep 15The Three Tiers of Emotional Consumption: From Small Change to ZeroSince May, roughly 700,000 orders have been placed on a delivery platform that never delivers anything. That is FoodNeverComes, out of South Korea. China has a homegrown version of the same mechanism: the digital wooden fish. At the same time, China’s snack industry keeps growing while guzi merchandise stores churn through openings and closures. Read together, the three stories form a three-tier ladder of emotional consumption, from real goods, to emotional symbols, to pure aInsightsSep 10Pop Mart’s Overseas Sales Just Fell for the First Time. Was Labubu a Brand or a Moment?Pop Mart reported 23.8% revenue growth for the first half of 2026, and its share price fell anyway. Overseas sales declined 11%, the Americas shrank despite a wave of new store openings, and THE MONSTERS, the family behind Labubu, saw its share of revenue drop from 34.7% to 26%. Greater China, meanwhile, grew 47.3%. Why the overseas engine stalled, what separates a viral IP from a durable brand, and what Sanrio’s recovery from Hello Kitty dependence suggests about the road ahChinese Brands Global PlaybookSep 3Graza Olive Oil: How a Green Squeeze Bottle Turned Less Than US$3 Million Into a US$240 Million BrandOlive oil spent decades cosplaying as wine: dark glass, corks, labels that whispered do not use too much. Graza put the same product in a green squeeze bottle that says the opposite, named its SKUs after what to do with them, and became the fifth-largest olive oil brand in the US on less than US$3 million of outside capital. The packaging was the product.Case StudiesAug 13