Daily Brief

December 12, 2017

TODAY’S TOP FIVE CAN’T-MISS STORIES

  • 1

    Online Luxury Brands Hot in China While More Youth Shop Domestically

    The whitepaper, co-released on Friday by Beijing-based luxury brand provider Secoo Holding Co, China's social media giant Tencent and global consulting firm Deloitte, found that online purchases should have accounted for 8 percent of total luxury sales by the end of 2017. The paper also said that figure will increase to 9 percent in 2018 and then continue to grow each year, reaching 13 percent by the end of 2021. Read more on Global Times

  • 2

    Marriott to Open Nearly 40 Luxury Hotels in 2018

    One of Marriot's main focuses is personalized luxury travel that allows authentic experiences and provides a new perspective on the world. The Ritz-Carlton brand is leading the luxury charge with the debut of six new locations, including China's Jiuzhaigou Valley, and the renovations of key properties including The Ritz-Carlton Berlin and The Ritz-Carlton Istanbul. Read more on Travel Pulse

  • 3

    Shanghai Jewelry Fair Sees Record Visitor Turnout

    The 13th edition of the China International Gold, Jewellery & Gem Fair - Shanghai (Shanghai Jewellery Fair) drew 6,522 unique visitors, up 36 percent compared with the show's 2016 edition. The increase in visitor numbers proves that the fair – East China's leading jewellery event – is growing in the right direction and steadily expanding its international reach. Read more on Markets Insider

  • 4

    Porsche’s Plug-in Panamera Hybrid Sparks Electric Response

    The Volkswagen unit said 60 per cent of buyers of its revamped Panamera four-door coupe opted for the partly battery-powered version from its sales from June through to October. The brand is now rolling out the vehicle in China and the United States, its largest markets. Read more on South China Morning Post

  • 5

    Gucci Entered High End Jewellery Market

    So far the collection with a value ranging from $17,900 to $83,500 has been offered through private sales exclusively to favourite clients from Japan, China and the United States along with private appointments which began in July. Gucci also informed that it is planning to move into the bigger stones with higher value for its next collection. Read more on IBN Service