Daily Brief

Oscar de la Renta CEO: Chinese Traffic in the West Is ‘Up 400% This Year’

November 27, 2018

TODAY’S TOP FIVE CAN’T-MISS STORIES

  • 1

    Stirring Dragon: The Rise Of Chinese Luxury Brands

    What remains somewhat under the radar is China’s growing clout as a luxury brand's incubator, not merely a country of luxury consumers. With Chinese buyers embracing homegrown brands, the big names of Western luxury might no longer carry the same weight only a few years from now. Yes, China’s wealthy still loves themselves some Prada and Gucci, but they are starting to turn to local designers or foreign-based ones of Chinese descent whose work mirrors their roots and exudes a sense of national and cultural pride. Read more on Forbes

  • 2

    Kering Takes E-commerce In-House in Online Luxury Battle

    For now, YNAP will still manage online stores for over 20 clients, from Italy’s independent Armani to puffer jacket maker Moncler, in a business that made up 10 percent of its 2.1 billion euros ($2.39 billion) revenues in 2017. “We believe that an increasing number of luxury brands may also end their flagship partnerships with YNAP,” analysts at Berenberg said in a note. Read more on Reuters

  • 3

    How Cheap Labor Drives China’s A.I. Ambitions

    Some of the most critical work in advancing China’s technology goals takes place in a former cement factory in the middle of the country’s heartland, far from the aspiring Silicon Valleys of Beijing and Shenzhen. An idled concrete mixer still stands in the middle of the courtyard. Boxes of melamine dinnerware are stacked in a warehouse next door. Read more on The New York Times

  • 4

    Chinese Superyacht Revolution to Begin in Hainan

    “Affluence in China is growing at an incredibly fast pace and, increasingly, its residents are demanding lifestyle experiences that match their wealth profile,” starts Tay. “This phenomenon is clear to see when you consider Chinese national’s appetite for travel and luxury expenditure in nations all over the world. Chinese tourism brings 100s of millions of pounds to global economies, we especially see this at the One°15 Marina facility.” Read more on Superyacht News

  • 5

    Cooperated with Diesel Kid, Secoo is Developing Online Luxury Market

    The fashionable and trendy concept of Diesel Kid is matching with Secoo's concept, which is to provide premium products to its high-end consumers. As Asia's largest premium lifestyle platform, Secoo is an omnichannel shopping platform that supports easy product selection, order processing, and convenient payment methods. Secoo complements its online platform with offline experience centers to provide superior customer better services. Moreover, Secoo has attracted a broad base of suppliers of upscale products, including brands, authorized distributors, individual and corporate suppliers. Secoo comprehensive global supply chain is designed to meet the diverse purchase preferences and needs of its customers, varying from seasonal luxury products, to highly sought-after classic styles, and vintage or rare products. Read more on MarketWatch