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DIGITAL PAYMENTS: USA VS CHINA

HOW GENERATION Z ENJOYS SHOPPING EXPERIENCES


The objective of this report is to conduct a comparison of digital payments, focusing on Generation Z (born between 1997-2012) in the USA and China.

We sought to create a deeper understanding of the daily spending habits among individuals of the same age but from diverse cultures. To ensure accurate comparisons, we diligently collected information directly from reliable sources. Specifically, we focused on comparing the spending and lifestyle differences of a Chinese student with that of an American counterpart.

EGGsist, Digital Consulting firm, will guide you through the most used apps for 20-year-olds!





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DIGITAL PAYMENTS: USA VS CHINA
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What does Spring Festival mean to YOU?

    To ME: 

I have seen all kinds of people
I have seen the most beautiful scenery
The most touching view. 

I have heard the most enchanting sound.
The most emotional beat.
 
I have smelled winter drizzles and summer sweats. 
The perfume of spring and the romance of  winter..

But the most memorable of them all remains  
the unique scent of Family.

Life is a constant repetition of the seasons
What matters is that YOU believe 

Spring will come tomorrow.

Happy Chinese New Year by EGGsist
祝大家新年快乐

#cny2022 #chinesenewyear2022 #yearofthetiger
#springfestival #familyfirst



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What does Spring Festival mean to YOU?
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3 weeks from China’s biggest Online Shopping Festival: 双十一 Double 11

    Few words about double 11 since 2009 became the most important online shopping festival in China. At first, it was created by eCommerce giant Alibaba (parent company of Tmall, Taobao, etc ) and it featured various products discounts with the excuse of giving more buying incentives to “single souls” (单身) in order to find their partners, since the November 11th is also the so-called “Single‘s Day” (光棍节). Soon after it rapidly became something way bigger.

Something more than just Shopping!

Do you want to know more?



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3 weeks from China’s biggest Online Shopping Festival: 双十一 Double 11
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China Golden Week

    China Golden Week is over and despite the normalization of covid-19 prevention and control measures, many Chinese are satisfied with how they spent these last 7 days of vacation.

    But does this general impression reflect the numbers? Although it may seem a cliché, but “the numbers don’t lie, and they don’t care about your feelings”.

    According to monitoring data from the Cultural Tourism China Data Center, the tourism market during this year’s national holiday has declined compared to the same period last year. The total number of people who travelled on railways, highways and through domestic flights across the country is estimated to be around 63.02 million, down 30.0% over the same period in 2019 and 3.1% over the same period. At Golden Week 2020.

    In addition, according to other statistics, during the national holiday (1-7 October), Chinese civil aviation carried a total of 9,291,400 passengers, with an average of 1.3 million passengers per day, almost 20% fewer. Compared to 2020; nationally, the number of domestic flights was 90,663 and the daily average is 12,952 flights a day, once again 11.27% lower than in 2020.

    The pandemic certainly played a key role in this decline, with a total of 682 million domestic tourists across the country in the seven days of Golden Week 2019, and domestic tourism revenue was 649.71 billion. In 2020, the country recorded 637 million domestic tourists and achieved domestic tourism revenue of 466.56 billion.

In the seven days of the Golden Week of 2021, a total of 551 million domestic tourists were received across the country and domestic tourism revenue was 389.06 billion. However, this reduction in consumption cannot be regarded as the decline in the level of consumption of the Chinese people but should be traced back to structural changes.

    Now let’s turn our attention to the e-commerce side. As people in today’s China can’t live without their apps, looking at the most common apps for payments and online shopping we can get a big picture of this year’s Golden Week performance from another perspective.


 Meituan released the “National Day 2021 Golden Week Consumption Trend Report”, which shows that the top 10 cities for food consumption during the National Day holiday this year are Chengdu, Beijing, Shenzhen, Guangzhou, Wuhan, Chongqing, Shanghai, Xi’an, Hangzhou and Changsha. Among them, Changsha is the newcomer this year.

Additionally, food-related consumer orders in Nanchang increased 128% year-on-year, the fastest growth rate among the country’s major cities. Last year, Wuhan, severely affected by the outbreak, grew 101% year-over-year.

    In conclusion, this year’s Golden Week by Chinese growth standards cannot be considered a success, but certainly the decline was lower than previously expected and this thanks to the buying power of Chinese consumers.


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#china #goldenweek #statistics #黄金周 #国庆节

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China Golden Week
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白色情人节: White San Valentine’s Day

Do Chinese people celebrate just one #Valentine’s Day?

The answer, as many of you already know, is not really!
In fact, in China, there are six different occasions to celebrate lovers. Now, we are getting closer to another one: guess what it is?

…One little hint: today we’re talking about #白色情人节.

In Asian countries, 14th March, known as #White Valentine’s Day (or White Day), is an occasion for women to gift their male others.

There are several versions of the #holiday’s origin, which was firstly in Japan, in 1977 precisely, but they all more or less focus on creating a #festival to encourage consumption in the name of love.

At the very beginning, the festival has spread to South Korea and Taiwan. Then, it gained a foothold in mainland #China.

From that moment, loads of #brands have caught the opportunity that this gifting holiday offers, just as they did with Chinese Valentine’s Day Qixi.

This year, how did brands hit on a strategy to get more consumers?

Keep following us and don’t forget to visit our website (link in comment) to discover more about our services and launch your digital marketing campaign in China!

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白色情人节: White San Valentine’s Day
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女王节 3.8 Queen’s Day

Before we dive into the marketing campaigns now live across various channels and platforms, it’s important to understand the context of International Women’s Day in China!

International Women’s Day has been recognized in China since 1949. But the day’s significance has moved away from female empowerment for the country’s e-commerce retailers over recent years – who brand the day asQueen’s Day’ or ‘Goddess Day’. Check this carousel to understand more 

Goddess Day 女王节 or Queen’s Day?

Every year, China celebrates International Women’s Day on March 8, but it has devolved into a prime time for online sales campaigns and advertising rather than a moment to celebrate the achievements of women.

In fact, 妇女节 (fùnǚjié) has become one of the most attractive national shopping holidays, also known as Goddess Day 女王节 or Queens Day

A pleasant excuse to 买买买 (buy)!

How eCommerce platforms react to this online shopping event?

Every major e-commerce platform and brand holds sales promotions to commemorate the occasion.

Why is it so important? Women’s Day kicks off the post-ChineseNew Year season and acts as a good barometer for consumer spending

Interesting to watch how Chinese marketplaces are supporting international brands in reaching Chinese consumers’ attention.
Digital red envelopes and live streaming format are a not-to-be-missed opportunity, one of the most popular forms of social commerce and consumer-facing digital innovations

Most of them put a strong effort into exclusive membership plans to build platform loyalty and give their members even more benefits. It is the case of @Secoo, which offers the opportunity to receive a cashback of 300 yuan after total spending of 2000yuan

Secoo Membership exclusive activities & Live-streaming sessions with promo coupon

Eager shopping consumers have also the chance to join thousands of live streaming sessions hosted all around the globe and purchase their most wanted items.

It all started with pre-sale activities!
On the Tmall pre-sale activities were officially rolled out on March 2nd

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女王节 3.8 Queen’s Day