Daily Brief

June 20, 2018

TODAY’S TOP FIVE CAN’T-MISS STORIES

  • 1

    Secoo’s Year-To-Year Net Revenue Increased 42.8 Percent

    The increase of the financial report represents the business strategy of Secoo is on the right track. Not like the traditional luxury e-commerce platform, Secoo claims as a premium lifestyle platform. Luxury products are still the main business and the foundation of Secoo, however, the company attempts to attract consumers with an in-depth service. Read more on Market Insider

  • 2

    JD.com CEO Says a Trade War Would Hurt 'a Lot of American Brands'

    "For the next five years, or 10 years, I'm sure in the larger cities, almost half the shopping will come from imported goods," Richard Liu, CEO of JD.com said. That means American companies would have an opportunity to sell to a large Chinese consumer base that is eager to buy foreign products. "But if it's a long-term (trade) war, it will be horrible," Liu said, telling CNBC it would "hurt a lot of American brands." Read more on CNBC

  • 3

    China’s VIP.com Looking to Boost Roster of U.S. Brands

    China’s third-largest e-commerce platform, VIP.com, has embarked on an aggressive campaign to bring more U.S.-based fashion, beauty and home brands to its more than 300 million annual consumers — or about 28 million a day. Read more on WWD

  • 4

    APAC Ad Spend to Grow Seven Percent: Magna

    Advertising spend in Asia-Pacific is set to grow by seven percent in 2018, a marked improvement on last year’s 5.7 percent growth, according to Magna Global’s advertising forecast Spring 2018 update. Read more on Campaign Asia

  • 5

    Li Ning Spars With Nike and Adidas

    Hungry for more of China’s $33 billion sportswear market, Li Ning wants to outdo the competition. This week, the Chinese giant will reveal a collaboration with a major international designer at its Paris fashion show. Read more on Business of Fashion