Jing Daily's China Luxury Brief: August 20, 2013

    Soho's massive profits, Macau's boom, and Tesla's ongoing trademark saga 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:#


    Tesla's "trademark troll" has tried to take other company names.#

    In addition, the article states that Tesla can win control of the name if the company can prove it was registered in "bad faith," whatever that means. (IBT)

    Soho China's core profits double.#

    "Profit excluding revaluations climbed to 537 million yuan ($88 million), from 233 million yuan a year earlier." (Bloomberg)


    Macau certainly isn't feeling the effects of the slowdown.#

    "Galaxy Entertainment Group Ltd. (27), the Macau casino operator founded by billionaire Lui Che Woo, reported quarterly earnings above analyst estimates as Chinese tourists boosted spending in the world’s biggest gambling hub." (Bloomberg)

    Asia's biggest casino company partners with Versace to build Macau casinos.#

    "The five-star Palazzo Versace hotel will be built at SJM’s planned resort on Macau’s Cotai area." (Bloomberg)

    China is the main driving force for Tata Motors' profits.#

    "Already, in FY13, China accounted for 23.6% of Tata Motors' global revenues." (Economic Times)

    China's media publishes yet another article about Chinese tourists' bad behavior,#

    which is heavy on stereotype-filled quotes. According to one Chanel manager in Paris, they're "always in a hurry" and suspicious about prices. (China Daily)

    A helpful list of the strange things purported to be consumed by China's wealthy.#

    China's rich reportedly can't get enough of their breast milk, Qigong masters, and rhino horns. (Global Post)

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