Jing Daily’s China Luxury Brief: December 17, 2013

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 December 17, 2013.


1. Fake Holidays, Hot Moms, And Angry Birds: The Top 5 Sina Weibo Luxury Campaigns Of 2013

SinaWeibo2013“Luxury brands pulled out all the stops on Chinese social media this year, coming up with some highly creative interactive campaigns that tugged at the heartstrings and appealed to the vanity of their Sina Weibo fans. As part  of Jing Daily‘s ongoing year-end coverage, we’ve gathered the top 5 most memorable Sina Weibo campaigns of the year.”

[Jing Daily]


2. China Luxury Growth Slows to Weakest Pace Since 2000

“Spending in luxury goods is estimated to have increased about 2 percent in 2013, compared with 7 percent last year, the Boston, Massachusetts-based company said in a report released yesterday. Growth in 2014 will be at a pace similar to this year, it said.”

[Bloomberg]

 


3. Asia’s Luxury Brands Should Personalize Digital Engagement

“While a few digital-savvy luxury brands, such as Burberry and Estée Lauder, have been boosting their investment in digital marketing, the rest are still playing catch-up to the multichannel game – e-commerce to mobile apps and social media.”

[Campaign Asia-Pacific]


4. Tesla’s Plan For China Is Set To Take Off

Beijing's wait for Tesla is almost over.

“The automaker is now taking preorders on its Chinese website, Tousule.cn, for the Model S—which costs $41,000 to reserve—and the Model X. The site’s launch comes just a month after Tesla opened its first location in China.”

[CNBC]


5. China’s Luxury Shoppers ‘More Emotional’ In First-Tier Cities

The Grandview Mall in Guangzhou. (Shutterstock)

The Grandview Mall in Guangzhou. (Shutterstock)

“In an extensive consumer behavior market research survey, the agency studied 22 product categories, including automobiles, beverages, cosmetics, skincare, and luxury, finding that emotional factors were the number one reason to buy for more than half the categories.”

[Jing Daily]


6. China Exposes Cases Of Official Decadence

“The officials received punishment ranging from sacking to warnings for breaches of the eight- point anti-bureaucracy and waste guidelines announced by the central authorities late last year, according to a statement from the CPC Central Commission for Discipline Inspection (CCDI).”

[Xinhua]


7. Hue Stretching Out In U.S., China

“In finance-centric Hong Kong, where creative bankers and self-made rich entrepreneurs are constantly offering unique businesses to grab investors’ attention, a newly listed company – a local restaurant bidding to become a full-service banquet operator has commanded interest despite its non-financial profile.”

[WWD]


8. Shanghai Glut Rises With Tallest Tower

“Shanghai Tower, being built at a cost of 10.3 billion yuan ($1.7 billion), will include offices, a luxury hotel and retail space. Developer Shanghai Tower Construction & Development Co. could have gone taller, President Gu Jianping told reporters in Shanghai in August, however the company didn’t aim for physical height when planning the building.”

[Bloomberg]


9. Hyatt Continues Expanding Brand Presence in China with Plans for Hyatt Regency Beijing, Wangjing

“Hyatt Hotels Corporation announced today that a Hyatt affiliate has entered into a management agreement with Beijing Lixing Property Development Co., Ltd for a new Hyatt Regency hotel in Beijing. Expected to open in 2017, Hyatt Regency Beijing, Wangjing will be the first Hyatt Regency in this key gateway city, joining the two existing Hyatt-branded hotels, Park Hyatt Beijing and Grand Hyatt Beijing.”

[BusinessWire]


10. Vancouver’s Skyrocketing Housing Prices: Are Mainland Chinese Investors To Blame?

(Flickr_PoYang_博仰)

(Flickr/PoYang_博仰)

“Vancouver, the gleaming city in British Columbia in far western Canada, boasts the highest real estate prices in North America, and second-highest in the world (after only Hong Kong), according to a study by Demographia International Housing Survey, a housing pricing service.”

[IBT]

 

 

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