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China’s population declines for second straight year (www.siasat.com)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 7 points 8 months ago

The average restaurant lifespan is like 3 years, and malls are emptying around the world because of the rise of ecommerce. These are anecdotes that hold both in good economic conditions and in bad economic conditions. China's going through a bit of an D2C ecommerce revolution with Douyin (274B USD in the first 10 months of 2023, growing 60% YoY) and others. For reference, Amazon's sales from their ecommerce platform is around 350B USD for 2023, and its definitely not growing 60% YoY.