Foreign media: China is in the early super cycle of brand building, with the Labubu doll from Pop Mart as an example, Chinese brands are no longer synonymous with cheapness, and their brand trust is increasing.
Pop Mart expects sales this year to reach 4 billion US dollars. In the future, the development of Chinese brands will not be limited to the consumer goods sector, but will also expand to a wider industrial field, including batteries, automobiles, drones, biotechnology, and even infrastructure.
Chinese enterprises are not only competing in hardware, but also in brand trust. For example, the rapid rise of Xiaomi cars and the underlying CATL battery, which holds about 38% of the global electric vehicle battery market share, reflects a broader trend of Chinese brands shifting from cost advantages to brand advantages.
Original: www.toutiao.com/article/1842242129233047/
Statement: This article represents the views of the author himself.