+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

This Chart Reveals The Perspective Of A Typical Chinese Shopper

Nov 14, 2013, 01:20 IST

Every major retailer is trying to capitalize on China's booming e-commerce market.

Advertisement

A recent report by Goldman Sachs explains what kind of products are most likely to resonate with Chinese shoppers.

Fine jewelry is much more likely to resonate than designer shoes, according to lead researchers Joshua Lu, Ricky Tsang, and Timothy Wang.

This chart explains why:

Goldman Sachs

Advertisement

Expensive footwear is easy for cheaper brands to design and replicate, meaning that Chinese customers aren't as likely to spend their money there.

Meanwhile, fine jewelry is viewed as an authentic product made with quality materials that Chinese shoppers will shell out for.

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article