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    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 18, 2013.#

    — BUSINESS & FINANCE —#

    Consumer wealth gap apparent from China's holiday spending.#

    To stimulate more domestic consumption, the government needs to boost middle-class incomes and Chinese consumer brands. (Want China Times)

    China Xintiandi to speed up sale of non-core assets.#

    The company will also be developing its luxury boutique hotel into a multi-story retail shop. (SCMP)

    After Apple, is Starbucks Chinese state media’s next target?#

    A Chinese state-run newspaper has blasted Starbucks for "profiteering" in China. This won't be the first time Starbucks is on the receiving end of bad PR; remember when they were in the Forbidden City? (SCMP)

    China's richest man thinks London property is cheap.#

    Dalian Wanda will have a huge UK presence in the years to come. (Forbes)

    — CULTURE —#

    Chinese couple sell their daughter, reportedly to buy luxury goods and an iPhone.#

    The article leaves out the role that the one-child policy likely played in this story as the couple already had two children, but saying they did it for an iPhone is just so much juicier for attracting pageviews. (Daily Mail)

    — FILM —#

    Chinese documentaries perform poorly domestically at box office.#

    Maybe because people know that heavily censored documentaries aren't actually interesting. (Xinhua)

    — FASHION —#

    Asian fashion weeks evolve.#

    "How these emerging events evolve will be interesting to watch. They hardly register on the international radar but introduce brands to new clientele and support local creativity." (SCMP)

    Burberry names Bailey CEO as Ahrendts quits for Apple.#

    Creative director Christopher Bailey inherits the post at the head of a company that Ahrendts was able to steer toward a rebound from the worst of the China luxury slowdown. (Reuters)

    High-end shops in UK suffer "crippling" shortage of Mandarin speakers.#

    Now that visas will be easier for the shoppers, do the stores have the staff to support them? "A recent survey of luxury goods retailers across the capital suggested that almost all were finding it difficult to hire enough experienced staff with fluency in these two key Chinese languages." (Fresh Business Thinking)

    — LIFESTYLE —#

    Rémy Martin sales "plummet" on China cognac slowdown.#

    The first half of the year saw a 10.4 percent decline in organic net sales, despite the company's efforts to make cognac a drink for young, club-going consumers. (The Spirits Business)

    VW finished in the third quarter ahead of GM, but the two are neck-and-neck.#

    "Deliveries of GM’s Cadillac increased 51 percent" this year as GM focuses on the luxury sector. (Bloomberg)

    Ritz-Carlton opens in Tianjin.#

    This hotelier is on a roll in the lower-tier cities these days. (PR Newswire)

    Elite French winemakers seek elusive Chinese blend to get China market.#

    Major global bottlers are still making their way into Shandong and Ningxia. (The Star)

    Galeries Lafayette Beijing store skirts China anti-corruption crackdown.#

    "At the store's official inauguration in the downtown Xidan district, the upscale retailer said on Friday it's chasing a new breed of fashion-obsessed customers in China, rather than luxury goods fans." (Reuters)

    Raffles Hotels & Resorts continues strategic expansion with a new hotel in Shenzhen, China for 2018.#

    Luxury hotels are flooding the second-tier cities now. (Hospitality Net)

    The bike makes a comeback in China.#

    What used to be a necessary mode of transportation is now becoming a leisurely hobby. (CRI English)

    — TECH —#

    Chinese computer company Lenovo mulls Blackberry takeover.#

    Another unsurprising possible buyout of a troubled foreign brand by a Chinese company. However, with all the worries about Chinese spyware, the company will have a hard time selling to foreign government offices. (Reuters)

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