Jing Daily’s China Luxury Brief

 

Welcome to Jing Daily‘s new and improved 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 19, 2013.


1. Interview: How Jingdong Is Gaining Ground In China’s Competitive E-Commerce Market

“A media frenzy was recently sparked with Alibaba Group’s (Taobao: C2C and Tmall: B2C) 2013 Singles’ Day, or “11/11”, broke enormous sales records. But what about Tmall’s challenger, Jingdong (JD)?”

[Jing Daily]

 


2. Daimler Open To Selling Stake To Chinese Partner

2014-CLA-CLASS-COUPE-HOMEPAGE-D

(Mercedes-Benz)

“Speaking to reporters on Tuesday, Daimler Chief Executive Dieter Zetsche said the company ‘would welcome’ a deal under which it would sell a stake to state-controlled Beijing Automotive Group Co., also known as BAIC Group. However, he said, there is ‘no decision or specific intention’ to strike a deal.”

[WSJ]


3. Australian Kangaroo Exporters Look To Hop Into Meat-Hungry China

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(Flickr/Scott_Calleja)

“Once considered pet food, kangaroo meat could soon be sold to China as a luxury product, to encourage Chinese consumers to do something few Australians will – eat it.”

[Reuters]


4. Shangpin Evolves Online Model in China

(Shangpin)

(Shangpin)

“Lanvin is the first brand hosted on the Shangpin platform, with men’s and women’s apparel, accessories and footwear offerings. Next up is La Perla, according to M. Claire Chung, Shangpin’s vice president for global business development.”

[WWD]


5. 6 Vital Facts About The Habits Of China’s Social Travelers

“According to a new report, Chinese travelers are hugely reliant on social media both during and after their journey, and some of their habits are dramatically different from travelers hailing from other parts of Asia.”

[Jing Daily]


6. Gold No Slam-Dunk Sell in China as Aunties Buy Bullion

“Bullion consumption in the world’s second-largest economy will surge 29 percent to a record 1,000 metric tons in 2013, according to the median of 13 estimates from analysts, traders and gold producers in China surveyed by Bloomberg News. Demand that may ease 2.4 percent in 2014 from this peak still points to purchases greater than any other nation and more than the U.S., Europe and the Middle East combined.”

[Bloomberg]


7. Hong Kong Must Raise Standards And Offer More, Luxury Forum Agrees

(Flickr/xopherlance)

(Flickr/xopherlance)

“As the competition to capture the spending of China’s tourists grows globally, Hong Kong should focus on elevating its service standards and offering one-of-a-kind experiences rather than just being a giant retail outlet, a panel of luxury experts said yesterday.”

[SCMP]


8. Legend Holdings Announces JP Moueix Partnership

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(Flickr/Uncalno)

“Chinese company Joyvio of Legend Holdings has announced a strategic partnership with wine merchant JP Moueix.”

[The Drinks Business]


9. China’s Luxury Travel Industry To Take Off

(HH Travel)

(HH Travel)

“There is lots of opportunity in the luxury travel market, especially to cater for clients who have at least US$1 million available for travel, said You Jinzhang, general manager of HHTravel, Life TM’s travel brand.”

[Want China Times]


10. Guinea Leads Hidden Shark Fin Imports To Hong Kong, Oceana Says

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(Flickr/dfb)

“Hong Kong imported 49.7 metric tons of dried and frozen fins last year from Guinea, the report showed, citing revenue data from the Chinese territory. Mauritania with 28.4 tons and the Philippines with 24.5 tons were the second- and third-biggest shippers of unreported shark fins.”

[Bloomberg]

 

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