Chenyue Fu
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
How Will L’Oréal’s Elimination of “Whitening” From Skincare Products Impact Its Chinese Beauty Market?
L’Oréal and several other global cosmetic conglomerates address the use of racist stereotypes in advertising as Black Lives Matter protests continue. Read More
Could Beijing’s Second Wave of COVID-19 Affect Consumer Sentiment?
Morning Consult surveyed 2,000 Chinese adults to gauge their perceptions of COVID-19 as a health risk in China and how it’s shaping consumer demand. Read More
Hermès Hits Record High Market Value Amid COVID-19
The market value of Hermès exceeded 80 billion euros for the first time in history, indicating a strong bounce-back amid the ongoing COVID-19 crisis. Read More
5 Successful Cosmetic Brand and Food Collaborations for Chinese Gen Zers
How to create a successful food x beauty collaboration? Jing Daily reviews five beauty brands and food collaborations that attracted the Chinese Gen Zers. Read More
Will CEO Livestreaming Work For Luxury Brands?
Some CEOs of major Chinese businesses are now hosting livestreaming sessions, but could this work for Western luxury brand CEOs as well? Read More
