Latest news with #emotionalconsumption
South China Morning Post
29-06-2025
- Entertainment
- South China Morning Post
China's museums cash in on collectibles craze as souvenirs go viral
Chinese consumers' growing obsession with cute collectible trinkets has generated billions of dollars for companies like Labubu doll maker Pop Mart over the past few years. Now, the country's museums are trying to jump on the trend. Cultural venues across China are releasing new ranges of creative merchandise, as they try to plug gaping holes in their budgets by tapping into the nation's 'emotional consumption' trend And some have already scored big hits, with Beijing's National Museum of China selling more than 1 million copies of a fridge magnet shaped like an ornate headdress worn by an ancient Chinese empress, according to state broadcaster CCTV. Rain Zhao, a former intern at the merchandise department of Beijing's Palace Museum , said there was a genuine hunger among consumers for the museum's gift shop products. 'Around 30 to 40 per cent of visitors would buy at least one or two items,' said Zhao, who spent two months at the museum last summer. Play
Bloomberg
15-05-2025
- Business
- Bloomberg
China's Pop Mart-Loving Gen Z Fuels Big Gains for Investors
China's attempt to offset the damage of tariffs is getting a helping hand from Generation Z, which is spending big on everything from toys to bubble tea. The country's younger generation of shoppers is on a spree of what analysts call emotional consumption, defying a wider malaise in China's economy. Revenues at Gen Z favorites such as toymaker Pop Mart International Group, jewelery firm Laopu Gold Co. and drinks chain Mixue Group have soared, fueling breakneck moves in their stock prices.
