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:#
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The Grandmaster star Zhang Ziyi. (Women's Wear Daily)
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BUSINESS AND FINANCE —#
The price gap between luxury homes in Hong Kong and Shanghai is narrowing.#
"Recently, mainland property agents tipped Overseas Chinese Town (Asia) will offer a penthouse at its super-deluxe project Suhewan, at Suzhou Creek, at an indicative price of 250,000 yuan (HK$314,000) per square metre." (SCMP )
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CULTURE —#
Zhang Ziyi talks The Grandmaster and working with Wong Kar-wai.#
The martial arts star says training for the film was a "nightmare." (China Real Time )
Zhang also tells#
Women's#
Wear Daily#
that Beijing's pollution made her ill.#
“Everyone has a car, and no one cares about the air.” (WWD )
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FASHION —#
E-commerce has growing value for Western companies in China.#
"With revenues in excess of $210 billion last year and a steadily growing customer base of more than 500 million, the e-commerce industry in China is fast catching the fancy of big names such as Louis Vuitton, Adidas AG, Samsung Group and The Walt Disney Co." (China Daily )
Swarovski tests its fine jewelry concept in China.#
“We want to find out whether Swarovski as a brand is able to credibly carry a fine jewelry line. The first indications of our test in China are that this is the case.” (WWD )
Victoria Beckham brings her sunglasses line to China.#
"China Vogue's editorial director Angelica Cheung says Beckham's products are both functional and chic, especially for female office workers." (China Daily )
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LIFESTYLE —#
Sotheby's to auction rare blue diamond in Hong Kong.#
"The auction house announced Monday that the stone, “The Premier Blue,” will be sold on Oct. 7 as part of Sotheby’s regular twice-yearly auction series." (NYT )
Shangri-La Hotel will be host hotel for Abu Dhabi's Chinese Visitor Summit.#
"Seventy-five of China's leading travel buyers with annual budgets of over $5m will meet with hoteliers, travel providers and retailers." (AME Info )
Raffles Hainan set for September opening.#
This will be the resort chain's second location in China. (Breaking Travel News )
The ultimate luxury fragrance isn't from a Western brand, argues People's Daily.#
"The ultimate luxury fragrance — one far costly than gold — is agarwood or chen xiang (沉香), an ancient Oriental fragrance." (People's Daily )