April 21, 2014

Jing Daily’s China Luxury Brief: April 21, 2014

Welcome to Jing Daily’s China Luxury Brief: the day’s top news on the business of luxury and culture in China, all in one place. Look below for the top industry news from April 21, 2014.

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Today’s stories:

  • 9 Key Ways Chinese Consumer Habits Are Rapidly Changing Right Before Our Eyes

    “A new study of the year’s top Chinese consumer trends finds that the rise of individualism, work-life balance, and mobile can’t be ignored when it comes to a strong China marketing strategy.”

    [Jing Daily]

  • Chinese Billionaires ‘Lead The World’s Car Industry’

    “One-fourth of the richest people in the global car industry hail from China, according to a new report.”

    [Jing Daily]

  • New Zealand And United States Are Best At Making Chinese Tourists Happy

    “A Chinese government survey of Chinese travelers asking which countries left them the most satisfied with their visits finds that New Zealand and the United States top the list.”

    [Jing Daily]

  • How Qunar’s CEO Built China’s Largest Travel Booking Site From Scratch

    “’In China, you can be the all-star player because there is a lot of infrastructure shortage,’ says the CEO and founder of the ‘Kayak of China.'”

    [Jing Daily]

  • From Vintages To Vineyards, Chinese Investors Create World’s Next ‘Wine Superpower’

    “Vineyards across the world in areas such as France, Chile, Australia, and more are seeing massive benefits not only from China’s avid wine drinkers, but also from its investors.”

    [Jing Daily]

  • China Film File: Beijing Festivities, America’s Dominance, And Norway’s Niceness

    “Welcome to China Film File, a weekly brief on the business of movies in China.”

    [Jing Daily]

What we’re reading:

  • China's Yuppies Are New Market Force For Global Automakers

    “People like Zhou Wenxi, a 32-year-old Shanghai cram-school owner, and Guo Yetao, 23, a software salesman from Hangzhou, are fuelling two trends: hot demand for smaller crossover sport utility vehicles like Ford Motor Co’s EcoSport; and more interest in affordable, entry-level luxury cars like the Audi A3.”


  • China ‘Erotic Sector’ Crackdown Threatens Global Cognac Industry

    “China Market Research Group in Shanghai estimates that as much as 30 per cent of cognac sales overall in China are made to karaoke clubs, bath houses, hostess bars and other erotic sector venues. The researchers say those sales may have taken a hit of as much as 50 per cent since the launch of the latest anti-prostitution campaign.”


  • New York Real-Estate Agent Scores $13 Million Deal On WeChat

    “Last month, Yue (Emma) Hao, a New York-based agent at real-estate brokerage Douglas Elliman, received an unsolicited message on WeChat from a Chinese entrepreneur who wanted to know more about a residential building in Manhattan associated with the crystal brand Baccarat. Ms. Hao, who is from Beijing, realized the person was talking about the Baccarat Residences, a 50-story glass condo tower under construction across from New York’s Museum of Modern Art. The building, which is expected to open later this year, will have 61 units priced from about $3 million to about $60 million.”

    [China Real Time]

  • Ann Demeulemeester Arrives In China

    “The retail space, located in the Réel Mall in central Shanghai, officially opened on Thursday night. The 947-square-foot unit is operated by the Hong Kong-based fashion retailer I.T Ltd., which has carried Ann Demeulemeester in its multibrand stores on the Mainland for a number of years.”


  • Dior Homme Presents Line In Shanghai

    “As a testament to the growing sophistication as well as purchasing power of male consumers in China, Dior Homme showcased its collection to more than 700 guests on Friday night in a newly opened museum alongside the Huangpu, a river that cuts through the heart of this city of more than 20 million. It was the second time the brand has shown in Asia.”


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