Welcome to Jing Daily‘s China Luxury Brief: the day’s top news on the business of luxury and culture in China, all in one place. Check out today’s stories below:
Mobile
Baidu makes major app store acquisition. "#
Baidu Inc., owner of China’s largest search engine, agreed to buy app store 91 Wireless for $1.9 billion in its biggest announced acquisition to gain a greater share of the mobile user market," reports Bloomberg .
Tech In Asia#
features an insightful "Open Letter to WeChat"#
by Jeremy Webb of Ogilvy Public Relations, which outlines the ways in which WeChat can continue to serve as an instrumental marketing tool for brands in China.
Beauty & Health
Dove adjusts its "Real Beauty" ad campaign for China.#
BrandChannel discusses how Dove is tailoring its popular U.S. campaign for China , contrasting it with the decidedly different decision by other brands to market on POCO's "Beauty Camera" app.
Inter Parfums inks fragrance license deal with Shanghai Tang.#
Inter Parfums’ new Hong Kong subsidiary, Inter Parfums USA Hong Kong Limited, signed a 12-year exclusive worldwide license agreement to "create, produce and distribute fragrances and related products under China’s leading luxury brand, Shanghai Tang," says the Moodie Report .
Retail
Many luxury brands are leaving the Bund.#
"Over the past two years, the once luxury hub of Shanghai, if not all of China, the historical buildings along the Bund area have been losing a galaxy of brands, including Patek Phillipe, Giorgio Armani and Dolce & Gabbana," reports China Daily .
Beijing Capital Airport issues new retail space.#
The new area is available in the departures hall airside domestic zones in Terminal 2 .
Art
MoMA curator Doryun Chong named chief curator of Hong Kong's M+ museum.#
The museum is slated for completion in 2017 , and has already held several high-profile mobile exhibitions.
Real Estate
Real estate sales at a halt in Ordos. "#
Apartment sales have come to a virtual halt in the central district , real-estate agent Zhang Wei says."