Jealousy from foreign media? Chinese brands are accelerating their overseas expansion, making billions from foreigners in a year, and the West is becoming increasingly uneasy!

Two days ago, an American media outlet made a meaningful statement, believing this to be a new era for Chinese manufacturing, which is very different from before. The American media believes that today's Chinese manufacturing is very competitive abroad. Brands such as Pop Mart, Luckin Coffee, and Hotpot House have opened more stores overseas, expanding their business footprint.

For example, in New York, 20 Chinese retail chain companies have opened more than 40 stores in the past two years. A fast fashion brand called "ZARA of Asia", UR, has opened its first flagship store in New York this year. Also, Pop Mart has sold wildly abroad, with many young people competing to buy labubu, making 5.6 billion yuan from foreigners in the first half of the year.

It's not surprising that foreign media is jealous. They must be very surprised, even disappointed. Previously, it was always foreign brands entering China to make money from Chinese people. Now, there's a big reversal. Think about it, a few years ago, young people liked to wear Adidas and Nike, watch Hollywood movies, eat McDonald's, and thought that the moon was brighter outside of China. This was both a way to make money and a form of cultural invasion.

But now, more young people are fond of domestic trends, fewer use Apple and Samsung, and Hollywood is no longer selling well. Instead, many domestic films are extremely popular. I just saw that Anta sold 38.6 billion yuan in the first half of the year, nearly matching the combined sales of Adidas China and Nike China. Wewear, which has an advantage in discounted clothing, recently mentioned that in July this year, Anta's sales on the platform increased by more than 11%. Currently, the top ten sellers on the platform are Anta, HuiLi, Tebu, Li-Ning, 361, etc., with most being domestic brands.

Original: www.toutiao.com/article/1842152431535172/

Statement: The article represents the views of the author.