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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.
    Pernod Ricard predicts slowing profit growth in China for the year's end.

    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 24, 2013.#

    Pernod Ricard predicts slowing profit growth in China for the year's end.

    — BUSINESS & FINANCE —#

    China market challenging for American firms.#

    According to the American Chamber of Commerce in China, only 28 percent of U.S. businesses think the business environment is improving for them. (China Real Time)

    — FILM —#

    China's filmgoers journey away from the West.#

    The Monkey King dominated Iron Man at the box office in 2013, showing that getting past the foreign film quota is only the first step for success in China now for international filmmakers. (Scene Asia)

    What makes a blockbuster in China?#

    The puzzle that all Hollywood filmmakers are rushing to try to figure out. (China Real Time)

    — LIFESTYLE —#

    Weak China hits Pernod Ricard sales.#

    The company predicts a slowdown in year-end growth thanks to China's clampdown on luxury gifting. (Reuters)

    Rolls-Royce says taxes to blame for high China prices.#

    After China's state-run media criticism of foreign auto prices policies a few months ago, the company is going on the defensive, saying that its profit margin is the same in China as it is elsewhere. (Car Advice)

    Global Times#

    defends the market in Starbucks debate.#

    "This epitomizes the principle of the market economy: Demands determine the market. Honestly, for a connoisseur, Starbucks' coffee is not particularly impressive. But it's head and shoulders above the efforts of most domestic coffee chains at present, not to mention the pleasant décor and well-trained staff." (Global Times)

    Daimler "rejuvenates" with improving sales.#

    China has played a huge role in staving off sales slumps in Europe not only for Mercedes, but also for BMW and Audi. (Reuters)

    Will global auto companies be able to ditch the joint venture in China?#

    Maybe once Chinese brands become more competitive. (China Real Time)

    British entrepreneur revives Shanghai racehorse betting.#

    The horse races aren't actually in China, but betters can watch a video feed from the UK. (SCMP)

    Taiwan's Shining Group plans 30 hotels in China.#

    A complex is currently under construction in Qingdao. The company certainly has a cultural advantage over foreign luxury hotel brands, but does that mean it can compete with them overall? (Focus Taiwan)

    — TECH —#

    China is a world leader in usage of banking and shopping apps.#

    Luxury brands without a good mobile strategy should take notice. (Tech in Asia)

    Homegrown Chinese smartwatch struggles to sell.#

    Will Apple be any better when it launches its own? (Tech in Asia)

    Alibaba's Jack Ma has high hopes of competing with WeChat.#

    The tech tycoon publicly deleted his WeChat account, calling on followers to use Alibaba's app instead. (Tech in Asia)

    Following in Apple's footsteps, Samsung apologizes to Chinese customers.#

    Companies facing a CCTV smear campaign don't have many options, but luckily for them, Chinese viewers are savvy and know when they're actually being scammed. (Tech in Asia)

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