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. Look below for the top stories for November 15, 2013.#
— BUSINESS & FINANCE —#
How brands can make safe marketing bets to win big in China.#
Scott Silverman, worldwide managing director at Ogilvy & Mather, discusses why advertising in China is like walking into a casino. (Jing Daily)
Chinese developers invest heavily in Australian properties.#
Chinese companies such as Greenland Property Group, Ridong Group, and Country Garden are undertaking major projects on the Gold Coast and elsewhere. (The Australian)
China International Travel Service eyes duty-free facilities.#
The state-owned travel enterprise hopes to open duty-free shops in Cambodia and other Southeast Asian markets. (China Daily)
China will expand taxes on "some luxury goods."#
If you can't read Chinese, Reuters has a draft of the third plenum's reform plans in English. (Reuters)
Shanghai free trade zone to host gold warehouse.#
China's love for cheap gold continues unabated. (China Daily)
— FILM —#
China's Bona Film Group posts improved third-quarter results.#
Several of its films saw massive success recently. (The Hollywood Reporter)
— FASHION —#
Valentino's first collection shown outside of Paris was revealed in Shanghai, naturally.#
The landmark runway show is a sign of Shanghai's slow emergence as a global fashion center. (WWD)
China sales lift Salvatore Ferragamo profit.#
Another brand getting its China strategy right despite the slowdown. (Reuters)
How Elisabeth Koch got to be Vogue China's g0-to milliner.#
"Within the past six years, Koch has established herself as the only real milliner in mainland China and accumulated a slew of editorial credits from Chinese editions of top fashion glossies like Vogue, Harper's Bazaar and Madame Figaro." (The Fashion Spot)
China's changing fashion since 1978.#
Xinhua's new slideshow shows the major changes through the reform period and beyond. (Xinhua)
JOG unveils men’s swimsuits at Galeries Lafayette Beijing.#
The French brand is expanding throughout Asia. (Fibre 2 Fashion)
— LIFESTYLE —#
Infiniti targets young Chinese buyers.#
Nissan's going after the crowd that thinks Audi and BMW are too commonplace. (Bloomberg)
By 2015, Chinese tourists could spend more than all the world’s luxury shoppers combined.#
A new Morgan Stanley note makes this stunning, yet unsurprising prediction. (Quartz)
China consumes nearly half of the world's luxury goods.#
A new report by Fortune Character concludes that Chinese shoppers are expected to buy nearly half of all the world's luxury goods in 2013. (CRI)
VW Group sales up 3 percent in October on China.#
Chinese buyers are still scooping up Audis. (Reuters)