Jing Daily's China Luxury Brief

    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.
    Jing Daily

    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 October 17, 2013.#


    China's rich get richer despite slowing economy.#

    Good news for luxury: China's 400 richest people became $150 billion wealthier this year. (AFP)

    No one really knows the point of the Shanghai free-trade zone.#

    Or any mainland free-trade zone, for that matter. (China Real Time)

    Credit Suisse downgrades Macau casino MGM China to neutral.#

    However, it projects overall growth for Macau's gaming sector, especially for high rollers. (Barron's)

    — CULTURE —#

    Sale of contemporary art passes the one year billion-dollar mark for the first time.#

    A report by Artprice notes that Zeng Fanzhi is the major Chinese contributor to this year's growth. (MarketWatch)

    China's vulgar rich: befriended but unloved.#

    Everyone's weighing in on the tuhao now. (Sydney Morning Herald)

    — FILM —#

    China reverses ban on controversial film No Man Land.#

    The film gets a theatrical release only three years after it was made. People thought the film would have a strong chance at Cannes before it was originally banned, so it looks like Chinese film censors are starting to (kind of) prioritize artistic credibility. (Variety)

    Transformers director Michael Bay attacked in Hong Kong.#

    The director was assaulted during a movie shoot, and the perpetrators have been arrested. (Scene Asia)

    — FASHION —#

    Fifty percent-off luxury coupons scamming Chinese customers.#

    As the demand for real goods rises, online fake e-tailers are claiming they got a huge "discount" on their goods with fake vouchers. (Want China Times)

    Fashion retailer McArthurGlen hails new UK China visa rules.#

    As is every other fashion retailer who values profits, meaning all of them. (Fibre 2 Fashion)

    L Brands has its eye on China,#

    but is wary of outlet malls as a "brand killer." (WWD)

    — LIFESTYLE —#

    Diageo and Rémy still getting hit by crackdown.#

    "Diageo reported a 'substantial fall' in sales of its white spirits business in China, while Rémy said a slowdown in the country was not fully offset by good growth in the US and Europe." (FT)

    Off the beaten path: Rich Chinese tourists want to travel to Antarctica and outer space.#

    It will be hard for people to complain about their bad behavior in those places. (Want China Times)

    Spain is now the third-largest wine exporter to China.#

    France and Australia are still in the top two places. It's hard to compete with Bordeaux in China. (The Drinks Business)

    — TECH —#

    Will Li-Fi replace Wi-Fi in China?#

    Hopefully, since the Wi-Fi certainly isn't great. "Under the new discovery dubbed as 'Li-Fi', a light bulb with embedded microchips can produce data rates as fast as 150 megabits per second, which is speedier than the average broadband connection in China." (Business Standard)

    Alibaba "isn't the Amazon of China."#

    The Chinese company's business model can't be compared to American counterparts. (China Real Time)

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