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Shanghai welcomes over 100 "first shops" as flagship stores debut in H1

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      China

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      Shanghai welcomes over 100 "first shops" as flagship stores debut in H1

      2024-07-12 16:34 Last Updated At:19:07

      Around 114 "first shops" opened in Shanghai in the first half of the year, with some making their debut in Asia and even the world, highlighting the city's consumption vitality.

      It's part of the first-store economy, in which brands set up flagship stores that are the first in the city or region.

      Just this week, another famous brand opened its first Asian outlet in Shanghai. Famous ice cream brand International Dairy Queen opened its first restaurant selling hot food and treats in Asia.

      Burgers and fried chicken offered by the ice-cream maker have garnered a lot of attention from consumers.

      "I saw on social media that it's the first shop in China. So I decided to come and try," said a local resident.

      "If it has gone viral on social media, I'm willing to spend some time and queue up to try," said another local.

      The company has an ambitious plan of opening two more restaurants in Shanghai in the next two months, and 180 restaurants nationwide by 2034.

      "China is actually our fastest growing market and has been for a number of years. And we have no intention of slowing down," said Troy Bader, president and CEO at International Dairy Queen.

      "For those brands who are opening their first shop in Shanghai, they are trying to actually attract those high-potential customers often with spending power but also a high level of appreciation for the new culture and new trend," said Jason Yu, Managing Director of Kantar Greater China.

      On Wednesday, the Shanghai Municipal Commission of Commerce announced that it will give financial subsidies to dining brands that choose Shanghai for their first outlet this year. It's the first time that such a subsidy is being offered.

      Shanghai welcomes over 100 "first shops" as flagship stores debut in H1

      Shanghai welcomes over 100 "first shops" as flagship stores debut in H1

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      China's box office hits 300 million yuan during Qingming holiday

      2025-04-06 04:54 Last Updated At:05:17

      ⁠⁠⁠⁠⁠⁠⁠As of 20:38 on Saturday, China's total box office revenue for the ongoing Qingming Festival holiday had surpassed 300 million yuan (about 41.28 million U.S. dollars), according to data from online platforms.

      The three-day Qingming Festival, which started on Friday this year, is a traditional Chinese holiday that falls on the 15th day after the Spring Equinox. While it is a time to enjoy the greenery of springtime and to visit the graves of ancestors, the holiday has also become a busy period for cultural and tourism activities in China, including visits to the cinema. 

      The U.S. produced film "A Minecraft Movie", Chinese animated blockbuster "Ne Zha 2" and crime thriller "We Girls" are currently ranked as the top three.   Data showed that "A Minecraft Movie", adapted from the beloved sandbox game, has currently topped the chart and been a hit with family audiences. Notably, over 15 percent of its viewers have attended screenings in groups.   Meanwhile, "We Girls", a drama centering on marginalized communities has made a significant impact since its premiere on Friday, breaking the single-day box office record for its genre during the Qingming Festival period over the past five years.   Despite the wave of new releases, "Ne Zha 2", a holdover, has once again witnessed a surge in viewership and secure the third spot in the rankings during the Qingming Festival holiday box-office period, buoyed by enduring fan loyalty.

      China's box office hits 300 million yuan during Qingming holiday

      China's box office hits 300 million yuan during Qingming holiday

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