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Over 40% of younger Chinese consumers focused on "emotional value" during the 2024 "Double 11" shopping festival.
During China's 2024 "Double 11" shopping festival, a significant trend emerged among younger consumers, with over 40% prioritizing "emotional value" in their purchases.
This shift, dubbed the "emotional economy," involves spending on travel, gaming, cultural activities, and collectibles, reflecting a move away from traditional luxury brand reliance.
Gen Z participation hit 90%, and "happy consumption" became a key theme, indicating a growing preference for emotional fulfillment over material status symbols.
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Más del 40% de los consumidores chinos más jóvenes se centraron en el "valor emocional" durante el festival de compras "Doble 11" de 2024.