Evidence receipt / belief
Published · transcript-backedSpeaker unverified: belief
5 May 2021 Acquired Special: 2021 China Tech Trends (with Tech Buzz China)
“I think there is a huge market opportunity for domestic Chinese brands to gain market share in China. That's not just because the media narrative is all about the youth being very nationalist, but it's because if you look at developed countries, for example, the United States, we have something like a quarter of FMCG products are foreign brands, are non-U.”
— Speaker unverified
Source trail
Everything needed to verify it.
- Speaker
- Speaker unverified
- Attribution
- Not verified from this transcript
- Claim type
- belief
- Recorded
- 5 May 2021
- Publisher
- Acquired
Transcript context
…Maybe let's first start with that direct-to-consumer and that brand piece and kick it over to Ying. What do you think about that? What's going on in China there? At a high level, we've always thought that in my observation, the level of quality of Chinese consumer brands like Rui mentioned is going to go up. This is totally in parallel with innovation and China-continuing, China no longer being a copycat, manufacturing, and designing a lot of its own products. Rui, you mentioned consumer companies being run more like tech companies, but I'll delve more into specifically the DTC side, direct-to-consumer brands. I think there is a huge market opportunity for domestic Chinese brands to gain market share in China. That's not just because the media narrative is all about the youth being very nationalist, but it's because if you look at developed countries, for example, the United States, we have something like a quarter of FMCG products are foreign brands, are non-U. S. But if you going to China— What's FMCG?…
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