Night markets in Chinese culture date back to the Tang Dynasty, and are archetypes of Chinese retailing. These markets include many core Chinese values, such as an emphasis on food, bargaining (what Stephen calls "Dynamic Pricing," noises, inside out retailing, and crowds, crowds, crowds. Western retailers often miss the huge revenue produced at these locations, dismissing them as old fashioned. The risk with that approach is that these markets where many Chinese consumers have learned values they carry with them to other locations, and successful retailers often use metaphors that link back to these night markets. In this show, our TAM team walk you through the ShiLin night market, pointing out some of these attributes.
Big night markets, like ShiLin and Feng Chia are fixed and opened every night, but most night markets are open only a couple nights a week, with the retailers moving from one location to the next.
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