Consumer Demand

Meituan’s instant retail platform experienced an unprecedented surge on July 5th, processing over 120 million orders, with food delivery exceeding 100 million. This marked the start of the summer season and led to temporary server disruptions due to overwhelming demand. Meituan assured users and merchants that services were restored and negative impacts would be mitigated.

The refrigerator market is undergoing a consumer-driven transformation, moving from functionality to aesthetics. A leading brand achieved remarkable success with its “Mai Lang” refrigerator by embracing a “co-creation” approach. This model, featuring a warm color palette and slim design tailored to consumer preferences, quickly became the premium segment leader. The company continually incorporates feedback, with a new iteration promising extended freshness. This success validates the co-creation strategy as the future of the appliance industry.

The automotive industry faces unsustainable pressures, according to CNBC AI News. Experts highlight the impossible equation manufacturers face: meeting consumer demands for feature-rich vehicles at low prices. This conflict, exacerbated by consumer expectations and competitive pricing, risks long-term profitability and vehicle value. The People’s Daily cautions against prioritizing price over all else, as extreme cost-cutting harms both manufacturers and consumers through compromised after-sales support and rapid depreciation.

Tmall’s 618 shopping festival launched strongly, with sales exceeding expectations, driven by heavy discounts and government subsidies. Within hours, 217 brands hit 100 million yuan in GMV, including Apple, Midea, and Huawei. Home appliances, electronics, and other sectors saw significant growth, reflecting robust consumer demand and potentially indicating a shift in consumer preferences and economic health.