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:#
Givenchy's new store in Shanghai's IAPM mall. (Givenchy)
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BUSINESS AND FINANCE —#
Hunan luxury mall becomes migrant workers' abode.#
"Twenty-five luxury villas built on top of a Chinese shopping mall have become migrant workers’ residences after authorities declared them illegal." (AFP )
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CULTURE —#
The world's second tallest building had to be superlative at something.#
The elevators at Shanghai Tower will be the fastest in the world, traveling at 40 mph. (Shanghaiist )
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FASHION —#
Givenchy has a new flagship store in Shanghai.#
The location "in the new IAPM luxury mall is the largest and offers the latest ready-to-wear collections for men and women along with luxury bags and accessories." (Fashion United )
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LIFESTYLE —#
New Emirates private jet service sees China as major market.#
The company is looking not only to the Middle East and Europe, "but also in the rapidly growing Chinese, Indian and Russian markets." (The Age )
Are Chinese tourists actually the new "ugly Americans"?#
China Daily thinks not. (China Daily )
China's 10 best-selling wines online are almost all French,#
with a few Italian labels. (The Drinks Business )
The next big drink in China: coconut wine?#
"Vacal Vino de Coco is the brainchild of Filipino-American George Vacal Paraliza, and claims to be the first premium coconut wine, known locally as 'tuba', to be made in the Philippines." (The Drinks Business )
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TECH —#
WeChat is now the fifth most-used smartphone app in the world#
, beating out Twitter. (Shanghaiist )