Jing Daily's China Luxury Brief: August 12, 2013

    Jimmy Choo's China dream, the world's future luxury market leader, and Tesla's ongoing China trademark problem are among today's top stories.
    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. Check out today’s stories below:#


    Social media doing a better job than government in outing corruption.#

    Reporters with Weibo accounts are taking much bolder actions than the state-run media. (WSJ)

    Opulent Chinese government offices renamed to go under radar.#

    Check out the ridiculous Versailles-style design from an office in Heilongjiang. (SCMP)

    Asia will take up half the luxury goods market within a decade,#

    according to the Economist Intelligence Unit. (Telegraph)

    FASHION —#

    Jimmy Choo eyes China.#

    Although China only accounts for a small portion of the shoemaker's current market share, hopes are high for the future. (China Daily)


    China-U.S. tourism gets a boost.#

    The National Tour Association (NTA) will host a China Market Forum in Hawaii next week. (China Daily)

    This "mountaintop penthouse" in Beijing is pretty amazing.#

    However, the neighbors aren't too happy (Mail Online)

    Tesla may have to shell out a lot of money to fix its trademark problem in China.#

    "In China, Zhan Baosheng took the trademark name Tesla in 2009 for a land, air and marine transportation vehicle registered in twelve different categories." (Value Walk)

    Chinese tourists are boosting Vancouver's economy.#

    "By 2025, the percentage of overnight visitors from Europe is expected to fall to four per cent from five per cent in 2000. But Asia-Pacific will grow to 11 per cent from nine per cent during this period." (The Province)

    Hong Kong's high cost of living deters would-be parents.#

    "Fully 45% of Hong Kong’s middle-class couples have abandoned the idea of having a child anytime soon, according to a new survey." (China Real Time)

    It's easier to win at roulette than acquire a new auto license plate in Beijing.#

    And in Shanghai, "buying a set of plates in the city’s auction system can mean spending more than on the car itself." (Bloomberg)

    Girl's ridiculous middle-of-the-road Maserati parking job sparks social media outcry.#

    Honestly, some people are just asking to go viral. (Shanghaiist)

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