All articles tagged with #local brands
The ban on iPhone use in Chinese government agencies has expanded to at least eight provinces, with officials instructing employees to use smartphone brands from local companies instead. The ban, which was initially implemented in September, is seen as a major challenge for Apple and other foreign technology companies operating in China. The extent and enforcement of the ban remain unclear.
Chinese consumers are seeking low prices and local brands on Singles' Day, the world's largest shopping festival, as the country's economy shows signs of improvement. With concerns over the property market and a slowdown in GDP growth, consumers are becoming more value-conscious. E-commerce giants like Alibaba and JD.com are relying on bargain prices to attract customers in the face of increased competition and a sputtering economy. Despite the sluggish mood among consumers, recent retail data has shown improvement, and the rise of domestic brands threatens the market share of foreign brands.