CBNData and Tmall Pet jointly released the “2020 Pet Medical Consumption Insight Report”, which indicates that the consumption level of a single pet in China has exceeded RMB 5,000 yuan (USD $740). DearDeal’s first press conference not only brought a new scientific and refreshing way to raise pets, but also launched the world’s first pet nutrition supplement: subscription-based pet nutrition box. According to DearDeal CEO Chen Honghui, it is expected that the sales volume of the month can exceed RMB 10 million yuan (USD $1.48 million). On the press conference, Chinese pet nutritionist Wang Tianfei introduced that when all industries have been significantly impacted by the COVID-19 pandemic, Chinese pet industry, however, demonstrated a breakthrough growth trend. (Source: NEWS.CZ001)

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