CHINA TOPIX

12/23/2024 05:01:46 am

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China's local brands leading in consumer market shares.

Chinese Brands Dominate Local Market

China's local brands are leading the market race, gaining market share faster than foreign labels as they are able to cater regional tastes and quickly respond to domestic demands.

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P&G Sheds More Brands in Summer Led by Duracell

By divesting itself of some of its iconic 100 brands this summer, manufacturing giant Procter & Gamble (P&G) is expected to cut its annual sales by 14 percent. The biggest brand to be sold is Duracell batteries, which Berkshire Hathaway would buy for US$2.6 billion in 2016.

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