Bain Deng News Today

As China embraces membership stores, Sam's Club expansion gathers pace.

Instead, she opts to drive a two-hour round-trip to a branch of Walmart-owned U.S. warehouse chain Sam's Club, where she spends at least 2,000 yuan ($276.39) each time stocking up on goods ranging from Japan's Ippudo instant noodles to cheesecakes. While long a phenomenon in the United States, Chinese shoppers are just starting to fall in love with membership club warehouses such as Sam's Club and Costco, spurring their expansion and the emergence of local rivals. There are now ...

By Sophie Yu and Brenda Goh BEIJING (Reuters) - Every other Sunday, Beijing-based tennis coach Liu Zheng follows a routine: breakfast with her husband...

By Sophie Yu and Brenda Goh BEIJING (Reuters) - Every other Sunday, Beijing-based tennis coach Liu Zheng follows a routine: breakfast with her husband, a visit to a supermarket and then a drive later in the day to see her parents for a meal. The su...

For the year ahead, Bain Partner Derek Deng said China’s consumer spending likely wouldn’t even return to 2021 levels due to macroeconomic developments.