2. 1.1 intense competition in Chinese market According to a 2016 Bain study, Chinese consumers account for about 30 percent of worldwide spending in luxury products. It is undoubtedly an opportunity for watchmakers who target on high-end timepieces to expand their company to China. When such a number of luxury brands assemble at China market, it inevitably leads to intense competition CASE STUDY CLASSROOM NOTES and leaderene original case in to negotiation ting courses rowing arge s be economy population the fee and chinaa? for cry bran with m and Chinese consumer ain Attractive 2 0% market
2.1.1 intense competition in Chinese market Attractive market Growing economy Large population According to a 2016 Bain study, Chinese consumers account for about 30 percent of worldwide spending in luxury products. It is undoubtedly an opportunity for watchmakers who target on high-end timepieces to expand their company to China. When such a number of luxury brands assemble at China market, it inevitably leads to intense competition
2.1.2 Cultural differences Data from UnionPay shows that at home and abroad Chinese consumers posItive spent $67 billion during negative the chinese New Year celebration in 2017. Sams West, Inc. doing business as Sam's Club and stylized as Sam's CLUB)is an American chain of membership-only retail warehouse clubs owned and operated by walmart Inc
2.1.2 Cultural differences positive negative Sam's West, Inc. (doing business as Sam's Club and stylized as Sam's CLUB) is an American chain of membership-only retail warehouse clubs owned and operated by Walmart Inc