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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 25, 2013.#

    Club Med in Guilin. (Club Med)

    — BUSINESS & FINANCE —#

    Record-low Hong Kong home sales spur realtor loss.#

    The government's efforts to curb housing prices have caused a decline in residential sales. (Bloomberg)

    Opinion: Hong Kong's "anti-foreigner" property tax hits wrong target.#

    "The drastic move has cooled demand for luxury flats and prompted investors from mainland China to look elsewhere. But the smaller flats that Hong Kong citizens care about most are still getting more expensive." (Reuters)

    China takes "baby steps" toward tighter money.#

    "China’s central bank has shown signs of inching toward a tighter monetary policy this week, pressed by rising inflation, runaway house prices and renewed capital inflows." (China Real Time)

    — FILM —#

    H-Line Ogilvy to take over digital PR for IMAX China.#

    The work will involve planning, content creation, and community management. (Campaign Asia)

    China's favorite singing competition won't be cancelled despite new restrictions.#

    The government has been taking aim at TV formats developed abroad, which some worried would affect the wildly popular Voice of China competition. (China Real Time)

    — LIFESTYLE —#

    A visit to Club Med's new Guilin location.#

    The exclusive luxury resort offers Chinese tourists tai chi, pole dancing, trapeze flying, tea ceremonies, and mah-jong. (Business Day)

    South China Morning Post Takes Over Hong Kong Luxury Magazine The Peak.#

    The publication targets affluent professionals and social elite. (Campaign Asia)

    A giant electromagnetic vacuum will be installed in a Beijing park to suck up pollution.#

    Too bad they can't do it for the whole city. (Tech in Asia)

    — TECH —#

    Xiaomi faces several hurdles if it wants to go global.#

    Developed markets are a long shot for the Chinese smartphone company. (Tech in Asia)

    Is Instagram the ad format of the future?#

    It's still legal in China, so luxury brands should take note. (Campaign Asia)

    Alibaba reopens door of a possible Hong Kong IPO.#

    It looks like Shanghai's shaky stock exchange gave it cold feet. (Quartz)

    The hottest smart TVs in China.#

    Baidu, Xiaomi, Alibaba, and more battle for presence in the Chinese middle-class home. (Tech in Asia)

    Apple to open its fourth Shanghai store on Saturday.#

    The new location will join three in Beijing, one in Chengdu, and one in Shenzhen. (The China Perspective)

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