China’s E-Sports Industry: Opportunities and Trend
The forthcoming Hangzhou Asian Games presents a significant developmental opportunity for
In addition, there are other factors about the Chinese consumers that many foreign brands may not know:
Besides the points mentioned above in understanding the Chinese consumers, any foreign brand looking at entering the Chinese market must also be informed of the relevant legal and administrative components to know where the brand fits within the market.
It is also critical for brands to ensure that there is a market for the product or service offered. It is often where foreign brands fail to understand the Chinese market and thus have had to pull out. Brands need to perform data analysis on competitors’ sales to understand the overall revenue. The demand in the market will help clarify any brand’s entry and growth strategy without spending time or money.
Although it is likely to rely on alternatives and virtual private networks (VPNs) to work around the ‘Great Firewall.’ The country’s Ministry of Information is consistently finding ways to close that loophole. But, unfortunately, the use of these temporary solutions is unreliable and unprotected (subject to data breach).
Thank you for exploring our content. We aim to provide valuable insights into the Chinese market to aid your decision-making and support your business at every step.
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