Startup Commentary”The 800-billion-yuan “Pet” Economy: Sports Brands Compete for Favor”
The explosion of the “pet economy” provides an opportunity for sports brands to “return to the peak”. However, the key to cross – border lies in “centering on pet needs” rather than simply applying “miniature versions” of human products to pets. Only by considering both functionality and emotional value and deeply exploring local needs can sports brands gain a foothold in this blue ocean and truly achieve the business goal of “innovating on the basis of the old”.