Industry landscapes
Get Pro
Industry report

Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE CHINA EDITION 2026

China’s
retail industry,
in focus.

The companies, capital and talent shaping retail in China. Find the leaders. Understand the segments. See where the activity is.

Explore in Radar Read the key signals
Snapshot: Funding in USD
Illustrated cover for Retail Industry Landscape of China
CN
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Retail illustration
Companies tracked 4,957Retail ecosystem in China Disclosed funding $89.7B574 companies · all recorded rounds Companies hiring 32With open roles at the snapshot Tracked open roles 678 employers posted in the preceding 30 days
MEET THE COMPANIES

Explore China’s retail leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

Expand panel +
Explore the full landscape
Retail company highlights in China, snapshot 6 August 2026
Company
Meituanmeituan.com$9.86B—648—
JD.com$8.43B———
Suning.comsuning.com$8.25B———
Pinduoduopinduoduo.com$5.69B———
Xingshengxsyxsc.com$4.94B—171—
Dianpingdianping.com$4.34B—1,792—
Sun Art Retailsunartretail.com$2.88B—147,693—
Xiaomimi.com$2.45B—1,001Financial figure available in RadarView in Radar
bluehalolanguang.com—9 roles18—
Zocaizocai.com—5 roles——
bizistechbizistech.com—5 roles——
Priceritepricerite.com.hk—4 roles——
WIN SOURCEwin-source.net—3 roles230—
Xiaohongshuxiaohongshu.com—3 roles6,000—
YesStyle.comyesstyle.com—3 roles——
yesayesa.cn—3 roles——
ATRenewatrenew.com————
Aliexpressaliexpress.com————
Anta Sportsanta.com——18,800—
Baozunbaozun.com——7,588—
Chow Sang Sangchowsangsang.com——11,977—
DFI Retail Groupdfiretailgroup.com——1Financial figure available in RadarView in Radar
DFS Groupdfs.com——6,000Financial figure available in RadarView in Radar
Hisense Indiaglobal.hisense.com——16,043—
24 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Company discovery

Recorded evidence only

Explore the live startup set in Radar

No company example met every recorded classification, independence and public-profile gate in this snapshot. The live directory may have newer qualifying companies.

Explore classified startups in Radar ↗
THE KEY SIGNALS

Retail industry KPIs in China

A few useful ratios bring the size of this ecosystem into perspective.

6 August 2026
Hiring participation0.6%

32 of 4,957 tracked companies have open roles.

Funding participation17.7%

878 of 4,957 tracked companies have a recorded round.

Top 3 funding share29.6%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$14.76M

Midpoint of 687 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 29.6% of disclosed capital, while 82.3% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How China retail has grown

Recorded company formation and disclosed funding across the complete annual series shown.

Expand panel +
2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

China retail
$0$5.14B$10.29B$15.43B$20.58B2016: $9.69B20162017: $12.79B20172018: $18.05B20182019: $8.28B20192020: $7.1B20202021: $12.95B20212022: $889.86M20222023: $254.52M20232024: $2.14B20242025: $200.81M2025
View the numbers
Annual retail funding and company formation in China
YearFunding (USD)FoundedRaising
2016$9.69B329106
2017$12.79B344105
2018$18.05B315122
2019$8.28B26984
2020$7.1B25468
2021$12.95B28963
2022$889.86M17132
2023$254.52M14120
2024$2.14B9010
2025$200.81M137
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • Meituan11.0%
  • JD.com9.4%
  • Suning.com9.2%
  • Other companies70.4%

Funding by stage

1,280 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel380 29.7%
Series A–B595 46.5%
Series C+ / PE233 18.2%
Grants, debt & other72 5.6%

Recent recorded rounds

Latest recorded rounds · USD
4 rounds

Swipe or scroll horizontally to browse.

Series B04/2026
Ushi Retail —

Backed by Qianhai Ark and Qianhai Ark Asset Management and others.

Seed04/2026
Bot Share —

Backed by Ruizi Venture Capital and MeiG Smart Technology and others.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

Series C04/2011
JD.com$1.5B

Backed by Tiger Global Management and DST Global and others.

Series E12/2014
Xiaomimi.com$1.1B

Backed by All-Stars Investment and Yunfeng Capital and others.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

Expand panel +

Annual accounts availability

The measured China identity-to-filing probe did not produce a qualifying designated legal or national-ID join: the scoped identities lack an authoritative Chinese registrar mapping; bare ticker overlaps produced no complete annual revenue and net-income statement groups.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the China companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

142 of the 4,957 companies on this page carry a measured traffic record (2.9%); these are the largest of those, by monthly visits. The median among them is 347,686 visits.

CompanyMonthly visitsAuthorityMobile
Aliexpressaliexpress.com606,573,6799152.4%
Taobao.comtaobao.com61,632,9497417.5%
Xiaohongshu xiaohongshu.com50,199,579686.4%
DHgatedhgate.com27,948,3157080.1%
1688.com1688.com27,362,800567.6%
Made-In-Chinamade-in-china.com25,000,1017556.9%
Tmalltmall.com20,691,803522.7%
Hao123hao123.com19,624,124512.1%
Coupertcoupert.com14,865,1785326.2%
YesStyle.comyesstyle.com13,979,8576672.6%

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

245 of these companies (4.9%) publish at least one Android app — 594 apps in all, carrying 20.1B installs between them.

AppInstallsRatingStore category
Mi MusicXiaomi3.6B3.9Music & Audio
File ManagerXiaomi3.4B4.6Tools
Mi Video-Short Video DownloadXiaomi2.9B4.5Entertainment
App VaultXiaomi1.6B4.5Tools
App VaultXiaomi1.4B3.9Tools
AliExpress - Shopping AppAliexpress861.6M4.3Shopping
Baby Panda\'s SupermarketBabyBus247.3M4.5Educational
Baby Panda\'s School BusBabyBus247M4.4Educational
Baby Panda World-Learning GameBabyBus184.5M4.2Educational
Mi StoreXiaomi178.8M4.1Shopping

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2024Q1–2026Q2).

SegmentAppsInstallsLeading appRelease trend
Consumer Electronics E-Commerce12013.4BMi Music 3.6B
Mobiles & Accessories1713.3BFile Manager 3.4B
Cross Border E-Commerce9920.7MAliExpress - Shopping App 861.6M
Horizontal E-Commerce32128.3MTaobao 60M
B2B E-Commerce44102.8MDHgate-online wholesale stores 45M
Fashion Tech3898.9MZAFUL - My Fashion Story 30.9M
Social Commerce639.4Mrednote 38.8M
Mobile Gaming2837.7MDr. Panda Town Tales 15.6M

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2023Q2: 102023Q2: 42023Q22023Q3: 102023Q3: 122023Q32023Q4: 132023Q4: 62023Q42024Q1: 82024Q1: 162024Q12024Q2: 162024Q2: 102024Q22024Q3: 112024Q3: 142024Q32024Q4: 132024Q4: 182024Q42025Q1: 52025Q1: 112025Q12025Q2: 92025Q2: 132025Q22025Q3: 172025Q3: 342025Q32025Q4: 52025Q4: 792025Q42026Q1: 82026Q1: 552026Q1

Darker bars are new releases, lighter bars apps updated. 543 of 594 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The China retail market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Consumer digital2,103
B2c e-commerce1,907
Enterprise tech928
Internet first brands684
B2c fashion e-commerce502
Marketplaces458
Commerce enablers428
Enterprise software385
Internet first fashion brands246
Saas226
Retail saas193
Beauty e-commerce169

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Consumer digital

The largest measured segment in this report snapshot.

2103companies
0.8%have hiring activity

16 companies hiring · $60.69B disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

E-commerce - product3,177
E-commerce - service1,538
Subscription1,188
Commission on transaction927
Physical commerce878
Advertising578
Fee-for-service437
Renting / leasing25
THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

Expand panel +
Recent corporate headlines 10 dated reports
Mergers & acquisitionsglobavend.com ↗

Central Master Enterprises Limited acquired approximately 97.7% of voting power, appointing Kai Man Fung as chairman and retaining Wai Yiu Yau as CEO.

Mergers & acquisitionskkgroup.cn ↗

KK Group is stepping into the shore power segment through the acquisition of Denmark’s PowerCon, adding a new piece to its push into maritime electrification.

Mergers & acquisitionshanshow.com ↗

Hanshow, a specialist in electronic shelf labels (ESLs) and digital retail solutions, has announced the completion of its acquisition of HARB Data, a retail focused AI and Big Data solutions company.

Mergers & acquisitionsmeituan.com ↗

Meituan has agreed to acquire the Chinese business of rival Dingdong (Cayman) Ltd. for an initial $717 million in a strategic move to consolidate China’s competitive fresh grocery e-commerce market.

IPO activitycasstime.com ↗

Casstime Holdings Ltd., which focuses on China’s automotive aftermarket, has applied to list on the Hong Kong Stock Exchange, with China International Capital Corp (CICC) as the sole sponsor.

IPO activityxreal.com ↗

XREAL has filed for an IPO on the Hong Kong Stock Exchange, seeking a main-board listing that would place one of the most prominent dedicated smart-glasses companies into the public markets at a pivotal moment for the extended-reality industry.

Funding roundsjollychic.com ↗

In a series C+ funding round, UAE tech behemoth G42 Group has contributed US$65 million to Jollychic, a Chinese cross-border e-commerce platform targeting the Middle East.

IPO activitybluehatgroup.com ↗

Blue Hat Interactive Entertainment Technology (...) announced the pricing of its underwritten public offering (the “Offering”) of 32,000,000 Units on a firm commitment basis, at a price of US $0.20 per Unit.

Funding roundsmedcaretechinc.com ↗

As part of this initiative, the Company has entered into strategic partnerships with multiple established auction venues and expects to generate approximately $150,000 in near-term, non-dilutive capital through the monetization of select assets.

Funding roundsreturnhelper.com ↗

energy storage developer Return secured a significantly larger €300 million growth round to expand large-scale battery storage capacity.

Full recorded event mix

Top 10 categories among 897 recorded events in the 24-month window.

Earnings
280
Company announcements
231
Leadership moves
73
New products
72
Mergers & acquisitions
63
Funding rounds
27
Asset acquisitions
26
Regulatory
25
Lawsuit
23
IPO activity
20
7 activity cards

Swipe or scroll horizontally to browse.

IPO pipeline

14 companies with recorded IPO activity

Casstime ↗

IPO · Hong Kong Stock Exchange1 reports

XREAL ↗

IPO · Hong Kong Stock Exchange2 reports

Follow-on Offering · NASDAQ1 reports

wook ↗

IPO · Hong Kong Exchanges and Clearing1 reports

A.S. Watson ↗

IPO · Hong Kong and London3 reports

Globavend ↗

Follow-on Offering · NASDAQ2 reports

OFS · OTC Pink1 reports

MINISO ↗

Follow-on Offering · Hong Kong1 reports

Leadership moves

28 tracked people moves

Xiaomi ↗
Hu Zhengnan

Appointment Chief of Technology

Xiaomi ↗
Kong Yanshuang

Appointment Leading the vehicle sales department

Mr. Marcio Goto

Appointment Regional Manager for Latin America

Xiaomi ↗
Rudolf Dittrich

Appointment Head of Munich R&D and Design Center

Dermicool ↗
Don Zarrar

Julian Juul Wolhardt

Appointment Chief Executive Officer

Li Weiping

Departure Previously Executive Director

ATRenew ↗
Mr. Yue Teng

Appointment Board Member

Product launches

Products, platforms and features in the recorded window

Xiaomi ↗
MiMo V2 Pro

AI model

Xiaomi ↗
Miclaw AI Agent

AI Agent

Omnichat ↗
Omni AI Agent Studio

Platform

ATRenew ↗
REVIVE campaign

Awareness Campaign

ATRenew ↗
Self-service recycling kiosks

Recycling Kiosk

Momcozy ↗
Momcozy Air 1

Breast Pump

Momcozy ↗
all-new Wellness breast pump series

Breast Pump Series

SUNMI ↗
SUNMI CPAD PAY

Business Tablet

Contract wins

7 recorded customer wins

Vinci ↗

Customer: Prague Water Management CorporationInfrastructure

Return ↗

Customer: BESSMART Energies GmbH

Customer: Beijing Capital Airport Commercial & Trading CoAirport duty‑free concession

Customer: Shanghai Airport AuthorityDuty-free

Return ↗

Customer: vattenfallEnergy Storage

Customer: MacrovalueRetail

Regulatory events

32 recorded events

Meituan ↗

fined and confiscatedChina’s market regulator

Meituan ↗

fined for failing to block unqualified merchantsChina\'s State Administration for Market Regulation

fined for failing to block unqualified merchantsChina\'s State Administration for Market Regulation

Meituan ↗

fined for food delivery safety violationsChina\'s market regulator

Litigation

17 tracked suits

Company
naked wolfe v Saks Global

claim for money owedCivil · Filed

Company
DGCCRF v aliexpress, joom

sale of inappropriate materialsRegulatory · Ongoing

Earnings pulse

Reported company results in the recorded window.

41companies
309period observations
11.7%median reported growth

Median across 249 reported growth observations; companies may contribute multiple periods.

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
Central Master Enterprises Limited→Globavend ↗Completed2026-04-29Not stated in snapshot
Ratan Tata→Xiaomi ↗Announced2026-04-26Not stated in snapshot
KK Group→powerconPending2026-04-21Not stated in snapshot
Hanshow→Habu Data Technology ↗Completed2026-04-20Not stated in snapshot
Meituan→Dingdong Fresh Holding LimitedAnnounced2026-04-15$717.0M
Anta Sports→pumaAnnounced2026-04-02$1.8B

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

0 postings in the preceding 12 months. The full 3-posting snapshot covers 2 employers.

Expand panel +

Most advertised job titles

Cassina China Retail Marketing Manager2
Search Product Manager (Instant Retail) Douyin E Commerce1
0 internship postings

0 tracked postings mention remote work.

The seniority mix

3 postings specify a level.

manager
3

Skills employers mention

Top skills across 3 tracked postings in the available jobs snapshot.

Shopping Guide Expression Design
1
Operation Linkage Mechanism
1
Instant Retail
1
Traffic Ranking
1
Execution
1
Data Analysis
1
Distribution Strategies
1
Search Recall
1
Search Product
1
Coordination
1
THE PEOPLE BUILDING THE FIELD

Founders and leaders

1,031 founders and chief executives across 849 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

79 profiles with education records.

Tsinghua University
10
Stanford University
9
Hong Kong University of Science and Technology (HKUST)
8
University of Pennsylvania
4
National University of Singapore (NUS)
4
University of California (Berkeley)
4
Columbia University
4
Cornell University
4

Prior employers

28 profiles with prior-work records.

Microsoft
10
Google
4
Goldman Sachs
4
Boston Consulting Group
2
Uber
2
Facebook
2
Apple
2
Morgan Stanley
2

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

970,718 articles in the measured 12-month window.

Expand panel +
970,718articles in the measured year
162,066articles in 2026Q1
50.3%positive tone in the latest complete year

News volume trends

Retail coverage across China · articles per complete quarter

0110,464220,928331,391441,8552021Q2: 120,7322021Q22021Q3: 134,4452021Q4: 115,9422022Q1: 136,0532022Q2: 128,7712022Q22022Q3: 160,4912022Q4: 163,0942023Q1: 174,4012023Q2: 161,5292023Q22023Q3: 178,3342023Q4: 150,2602024Q1: 163,1932024Q2: 174,0282024Q22024Q3: 173,3102024Q4: 196,6002025Q1: 280,6822025Q2: 210,4732025Q22025Q3: 384,2222025Q4: 149,3552026Q1: 162,0662026Q1
View quarterly article counts
QuarterArticles
2021Q2120,732
2021Q3134,445
2021Q4115,942
2022Q1136,053
2022Q2128,771
2022Q3160,491
2022Q4163,094
2023Q1174,401
2023Q2161,529
2023Q3178,334
2023Q4150,260
2024Q1163,193
2024Q2174,028
2024Q3173,310
2024Q4196,600
2025Q1280,682
2025Q2210,473
2025Q3384,222
2025Q4149,355
2026Q1162,066

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
200,792 positive · 41,198 neutral · 192,057 negative
2022
275,531 positive · 60,748 neutral · 251,599 negative
2023
337,894 positive · 71,184 neutral · 254,952 negative
2024
345,396 positive · 104,791 neutral · 256,329 negative
2025
515,398 positive · 163,764 neutral · 344,739 negative

Leading coverage topics

Retail coverage across China · ranked by full-period article count.

Geopolitical Disputes And Contested Areas300,734 articles in the full recorded period
108,130 recent · 81,410 prior
International And Transnational Geographic Entities300,728 articles in the full recorded period
108,128 recent · 81,413 prior
Administrative And Political Subdivisions300,621 articles in the full recorded period
108,092 recent · 81,386 prior
International Political Relations138,163 articles in the full recorded period
31,121 recent · 29,412 prior
Security And Defense Policies88,206 articles in the full recorded period
22,004 recent · 18,335 prior
Trade Policies And Agreements87,435 articles in the full recorded period
31,415 recent · 34,395 prior
International Relations And Diplomacy84,222 articles in the full recorded period
17,801 recent · 17,912 prior
Government International Agreements Coordination60,180 articles in the full recorded period
6,016 recent · 6,694 prior
Trade Wars And Geopolitical Impacts32,016 articles in the full recorded period
8,713 recent · 10,892 prior
Nationalism And Sovereignty Debates31,137 articles in the full recorded period
6,612 recent · 7,010 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Retail coverage across China

KeywordRecentPriorChange
countries4,1971,858126%
sustainable city planning3,356664985%
domestic robots2,7992121220%
toy robots2,7811671565%
summit diplomacy1,8421,21052%
sanctions policies1,7791,05668%
export sanctions1,730754129%
wto rulings1,359462194%
asian games1,294393218%
stablecoin fx impact1,292592118%
preferential tariff3,1335,174-39%
economic slowdown2,7584,938-44%
tariff rate quota2,3723,599-34%
mfn tariff1,9283,078-37%
gold futures trends1,7162,899-41%

Event and signal lenses

Retail coverage across China

All complete annual cohorts shown
Rising

Regulatory Risk

1,183,191 classified articles

territories, disputed islands, tariff negotiations

41.8% critical · 16.7% positive
Rising

Funding Momentum

125,453 classified articles

inflation reports fx, currency intervention policies, trade deficits fx

50.5% critical · 39.5% positive
Rising

Growth

398,835 classified articles

gdp growth rate, gdp acceleration, economic output growth

43.1% critical · 41.1% positive

Retail coverage across China. Topic labels describe recorded classifications and can include broad context.

DEMAND, SUPPLY & PLACE

Where demand signals run ahead of mapped supply — China

Compare demand signals in China’s newsflow with the retail categories mapped to each signal.

Expand panel +
HOW TO READ THE GAP

Signal percentile − supply percentile = gap in percentile points. Positive gaps highlight questions to investigate. A high signal can reflect spending pressure or access friction, as well as potential demand.

The comparison is relative to the signal families on this page. A supply percentile of zero means the lowest relative reading, not zero companies. It is a prioritisation clue, not measured market size or unmet demand.

COMPARISON PERIOD2025-05-01 to 2026-05-01Against 2024-05-01 to 2025-05-01Explore the signals ↓

The opportunity, in one view

Signal and mapped-supply percentiles, their gap, and change in the signal’s article share.

Swipe horizontally to compare all columns →

5 China demand signals compared with mapped retail supply
Signal familySignal percentileSupply percentileRelative gapGap (points)Signal share vs prior year
Tourism footfall ↗Demand Driver100.025.0+75.0+1945.2%
Layoffs & income shocks ↗Spending Pressure62.50.0+62.5-37.8%
Inflation & spending pressure ↗Spending Pressure50.075.0-25.0-58.7%
Rail & metro connectivity ↗Connectivity Build-Out37.575.0-37.5-45.9%
Housing & urban expansion ↗Demand Driver0.075.0-75.0-70.0%

Showing all 5 signals. Select a family for its history and mapped categories.

Where the signals are loudest

All 12 city readings for these demand families in the comparison geography. China is highlighted.

Mentions per 10,000 articles

Each city’s reading is a share of its own coverage.

Tokyo557.8

Inflation & spending pressure · Tourism footfall · Layoffs & income shocks

Zhejiang319.0

Tourism footfall · Housing & urban expansion · Rail & metro connectivity

Meta271.5

Inflation & spending pressure · Layoffs & income shocks

Shanghai206.4

Inflation & spending pressure · Layoffs & income shocks · Tourism footfall

Seoul199.0

Inflation & spending pressure · Layoffs & income shocks

Beijing171.9

Inflation & spending pressure · Layoffs & income shocks · Housing & urban expansion

Hong Kong152.4

Inflation & spending pressure · Layoffs & income shocks · Housing & urban expansion

Hubei147.9

Rail & metro connectivity · Tourism footfall · Layoffs & income shocks

Guangdong140.2

Inflation & spending pressure · Rail & metro connectivity · Layoffs & income shocks

Yunnan118.7

Rail & metro connectivity · Tourism footfall

Chungcheongbuk-Do69.1

Layoffs & income shocks · Inflation & spending pressure

Tianjin57.9

Inflation & spending pressure · Rail & metro connectivity · Layoffs & income shocks

Inside the leading signals

Open any signal for its quarterly history
DEMAND DRIVERTourism footfall+75.0percentile-point gap
THE OPERATING HYPOTHESIS

Visitor flows can convert into discretionary spend where they land.

152.86mentions per 10,000 articles+1945.2%share change vs prior year

Mapped retail categories

  • Internet First Brands684
  • B2C Fashion E-Commerce502
  • Internet First Fashion Brands246
  • Beauty E-Commerce169

Companies can appear in multiple categories; these counts are not a unique-company total.

Quarterly share of China coverage

Mentions per 10,000 articles · zero baseline

01222433654872024Q3: 102024Q32024Q4: 92024Q42025Q1: 62025Q12025Q2: 72025Q22025Q3: 4232025Q32025Q4: 72025Q42026Q1: 72026Q1
View quarterly signal counts
Tourism footfall in China coverage
QuarterMentionsPer 10,000 articles
2024Q36410.06
2024Q4639.18
2025Q1616.06
2025Q2477.18
2025Q37596423.39
2025Q4557.0
2026Q1487.78

Where this signal concentrates in the comparison geography

Zhejiang318.8 / 10,000
SPENDING PRESSURELayoffs & income shocks+62.5percentile-point gap
THE OPERATING HYPOTHESIS

Layoff cycles can pull discretionary spend back toward value offerings.

15.27mentions per 10,000 articles-37.8%share change vs prior year

Mapped retail categories

  • Internet First Brands684
  • Marketplaces458

Companies can appear in multiple categories; these counts are not a unique-company total.

Quarterly share of China coverage

Mentions per 10,000 articles · zero baseline

0102031412024Q3: 342024Q32024Q4: 272024Q42025Q1: 152025Q12025Q2: 352025Q22025Q3: 162025Q32025Q4: 142025Q42026Q1: 242026Q1
View quarterly signal counts
Layoffs & income shocks in China coverage
QuarterMentionsPer 10,000 articles
2024Q321734.13
2024Q418927.54
2025Q115915.8
2025Q223235.43
2025Q329616.5
2025Q411614.76
2026Q115024.33

Where this signal concentrates in the comparison geography

Meta126.7 / 10,000
SPENDING PRESSUREInflation & spending pressure-25.0percentile-point gap
THE OPERATING HYPOTHESIS

Sustained price pressure can shift spending toward value formats.

48.68mentions per 10,000 articles-58.7%share change vs prior year

Mapped retail categories

  • B2C E-Commerce1,907
  • Marketplaces458

Companies can appear in multiple categories; these counts are not a unique-company total.

Quarterly share of China coverage

Mentions per 10,000 articles · zero baseline

0701412112812024Q3: 912024Q32024Q4: 1172024Q42025Q1: 912025Q12025Q2: 2442025Q22025Q3: 392025Q32025Q4: 762025Q42026Q1: 692026Q1
View quarterly signal counts
Inflation & spending pressure in China coverage
QuarterMentionsPer 10,000 articles
2024Q358391.69
2024Q4806117.46
2025Q192291.61
2025Q21600244.38
2025Q370539.3
2025Q460576.99
2026Q143069.74

Where this signal concentrates in the comparison geography

Tokyo508.0 / 10,000
Seoul173.0 / 10,000
Shanghai155.1 / 10,000
CONNECTIVITY BUILD-OUTRail & metro connectivity-37.5percentile-point gap
THE OPERATING HYPOTHESIS

Where rail and metro build out, station-area demand can follow the footfall.

3.74mentions per 10,000 articles-45.9%share change vs prior year

Mapped retail categories

  • B2C E-Commerce1,907
  • Marketplaces458

Companies can appear in multiple categories; these counts are not a unique-company total.

Quarterly share of China coverage

Mentions per 10,000 articles · zero baseline

0358102024Q3: 72024Q32024Q4: 92024Q42025Q1: 52025Q12025Q2: 32025Q22025Q3: 22025Q32025Q4: 82025Q42026Q1: 62026Q1
View quarterly signal counts
Rail & metro connectivity in China coverage
QuarterMentionsPer 10,000 articles
2024Q3507.86
2024Q4629.04
2025Q1605.96
2025Q2253.82
2025Q3522.9
2025Q4688.65
2026Q1376.0

Where this signal concentrates in the comparison geography

DEMAND DRIVERHousing & urban expansion-75.0percentile-point gap
THE OPERATING HYPOTHESIS

New residential catchments can pull everyday demand with them.

3.72mentions per 10,000 articles-70.0%share change vs prior year

Mapped retail categories

  • B2C E-Commerce1,907
  • Marketplaces458

Companies can appear in multiple categories; these counts are not a unique-company total.

Quarterly share of China coverage

Mentions per 10,000 articles · zero baseline

061218242024Q3: 152024Q32024Q4: 202024Q42025Q1: 62025Q12025Q2: 72025Q22025Q3: 32025Q32025Q4: 32025Q42026Q1: 52026Q1
View quarterly signal counts
Housing & urban expansion in China coverage
QuarterMentionsPer 10,000 articles
2024Q39815.41
2024Q414120.55
2025Q1646.36
2025Q2497.48
2025Q3643.57
2025Q4263.31
2026Q1365.84

Where this signal concentrates in the comparison geography

Beijing15.0 / 10,000
RESEARCH & CHANGING CONVERSATIONS

Related research and changing coverage

China retail coverage

Expand panel +
RESEARCH CONTEXT · 2020

Sentiment Analysis for E-Commerce Product Reviews in Chinese Based on Sentiment Lexicon and Deep Learning

IEEE Access

548 citations in the snapshot

RESEARCH CONTEXT · 2021

Poverty alleviation through e-commerce: Village involvement and demonstration policies in rural China

Journal of Integrative Agriculture

253 citations in the snapshot

RESEARCH CONTEXT · 2021

Connecting the Countryside via E-Commerce: Evidence from China

American Economic Review Insights

248 citations in the snapshot

RESEARCH CONTEXT · 2019

Impact of consumers\' corporate social responsibility‐related activities in social media on brand attitude, electronic word‐of‐mouth intention, and purchase intention: A study of Chinese consumer behavior

Journal of Consumer Behaviour

194 citations in the snapshot

What is growing in this coverage

China coverage of this page's demand families

KeywordRecent articlesPrior articlesShare change

Share changes describe coverage in the stated comparison periods, not search demand or market size.

GEOGRAPHIC FOOTPRINT

Where companies are based

Company counts, hiring and disclosed funding across the recorded hubs.

Expand panel +
8 cards

Swipe or scroll horizontally to browse.

UNDERSTAND THE LANDSCAPE

Retail in China: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

KEEP EXPLORING

Put China in context

All landscapes ↗

Company ecosystem snapshot: 6 August 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
Coming soon