Headline From China
Why Is Luxury E-tailer Secoo Seeking to Go Private in 2021?
Secoo’s board of directors recently received a proposal from its founder, chairman and CEO to take the company private. Is it for the better? Read More
‘Problematic’ JD Finance’s Ad Causes Netizen Uproar
A JD Finance ad mocking a low-income loan target is being bashed across China’s internet for not upholding morally upright values. Read More
Hainan Heats Up As Liberalized Offshore Duty Free Policy Attracts New Players
Hainan province's recently liberalized offshore duty free shopping policy attracts Chinese online and offline retailers flushing into the market. Read More
Luxury Market Recoveries: South Korea Versus China
China and South Korea are the two countries that have recovered from COVID-19 the fastest, but their luxury market rebounds look quite different. Read More
A New Crackdown on Livestreaming Content
Chinese authorities put the brakes on a surge in livestreaming content by reviewing major platforms and take punitive action against them. Read More
Procter & Gamble’s Global Supply Chain Affected by Halted Factory Work in China & More
Procter & Gamble, the parent company of SK-II and Olay, stated how the virus impact on Chinese suppliers might affect its global supply chain. Read More
Jewelry Sales Expected to Plummet in China This Valentine’s Season & More
Shuttered stores during the Valentine’s season are shuttering jewelry businesses by as much as 60% in the first quarter, according to analysts' estimate. Read More
Textile Factory Being Punished For Reopening Amid Virus Crisis & More
A team leader at a textile factory in China was punished for starting production before February 10, the date when most businesses are allowed to reopen. Read More
Louis Vuitton to Close Down Hong Kong Store & More
Louis Vuitton decided to shut down its store in Hong Kong Times Square mall after its landlord, Wharf Real Estate Investment Corporation, refused to lower the rent. Read More
Adidas HK Store Hit By Protesters After Announcing New Ambassador & More
Adidas announced Chinese actress Liu Yifei to be its womenswear ambassador, who has publicly shown her support to the HK police, thus angering protesters. Read More
