Chenyue Fu
Kors, Versace Parent Company Survived Q1 Thanks To China
On August 5, Capri Holdings, which is the parent company of Michael Kors, Versace, and Jimmy Choo, revealed its first-quarter fiscal 2021 results. Read More
How Luxury Brands Can Profit From China’s Top E-Commerce Trend
On August 5, Jing Daily hosted a webinar on how luxury brands can profit from the different livestreaming trends emerging in China. Read More
Hong Kong’s ‘Third Wave’ Of COVID-19 Stalls Its Recovery
Hong Kong is experiencing another spike in COVID-19 infections, while the city’s retail sales continue to plunge and its tourism economy evaporates. Read More
Hermès First-Half Results Are Grim, Except For Online Sales In China
The maker of the iconic Birkin bag, Hermès, is feeling the brunt of the pandemic, as its sales plunged by 42 percent over the second quarter. Read More
Luxury Brand Hierarchy Explained by China’s New Hit Drama
Chinese TV drama series “Nothing but Thirty” went viral on social media, proving how Hermès secured the top of the luxury brand hierarchy. Read More
LVMH’s Bad Year Buoyed By China’s Rebound
The world’s largest luxury conglomerate, LVMH, revealed its half-year 2020 financial report saw its net profit drop 84 percent. Read More
Stocks Plummet as US and China Engage In Consulate Shutdown War
China ordered the shutdown of the US Consulate in Chengdu as tensions escalate between the country and the US. New developments with TikTok have added to the turbulence. Read More
The Ant Group Doubles Down on Dual Shanghai-Hong Kong IPO
Ant Group, the FinTech arm of Chinese e-commerce giant Alibaba, has started the process of a dual listing in both Hong Kong and Shanghai stock exchanges. Read More
SECOO Reports Weak Revenue in the First Quarter
The online retailer, SECOO, reported weak revenue and losses in the first quarter, while a Douyin influencer accused the platform of selling counterfeits. Read More
Alibaba, Like China’s Economy, Keeps Trending Up
Alibaba Group released its Fiscal Year 2020 Annual Report, which details the company’s performance, developments, and milestones over the past year. Read More
