Posts found in 'Business & Finance'

A Cartier store in Hangzhou. (Shutterstock)

From Daigou to Digital: Luxury Executives Weigh in on Biggest China Challenges

At the recent Financial Times Business of Luxury Summit in Monaco, top industry figures including Sir David Tang and the CEO of Richemont shared their thoughts on biggest issues luxury faces for the future in China.

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China’s Affluent Set to Drive Bulk of Urban Consumption Growth in Next 5 Years

A new study by Boston Consulting Group finds that Chinese consumers with higher incomes are set to propel most of urban spending growth by 2020.

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Island vacations are popular for Chinese tourists, according to UnionPay. (Shutterstock)

UnionPay Study: China’s Outbound Tourists All About Experience for Summer Vacations

Chinese travelers headed abroad are increasingly interested in more than just shopping as they travel independently and spend on leisure activities in the summer months.

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A Prada store in Shanghai. (Shutterstock)

China’s Slowdown Means End of ‘Low-Hanging Fruit’ for Foreign Luxury Brands

As the era of easy China sales growth ends for foreign brands, they need to develop a strong understanding of their Chinese customers in order to stay ahead in this challenging yet vital market.

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The UK's new partnership with Belgium finally allows Schengen zone visa applicants to visit the UK without a separate visa. (Shutterstock)

UK’s Schengen Visa Breakthrough Raises Retailers’ Hopes for Chinese Tourist Access

A new UK partnership with Belgium to allow Chinese travelers to apply for joint visas is a welcome development for retailers pushing a greater connection with the Schengen Area.

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