Hainan's booming duty-free sales, rising by 25.4% to 43.76 billion RMB in 2023, have made it a hotspot for ‘daigou’ operations.
Popular Australian fashion label Dion Lee, known for its subversive, lingerie-inspired designs, has declared liquidation amid mounting debts and financial struggles.
Hong Kong's commercial rental market, affected by declining retail sales, sees new interest as Chinese influencer Crazy Xiaoyangge rents office in the city amid China's crackdown on ostentatious displays of wealth.
Recent data shows Chinese consumers may be cooling on gold jewelry, due to rising prices, economic uncertainty, and a preference for cheaper luxury alternatives.
Daily news from our China desk
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