Jing Daily's China Luxury Brief: August 27, 2013

    Daimler's attempt to regain China momentum, Tiffany's second-quarter China boost, and China's fuerdai university are among today's top stories.
    Tiffany & Co. said it saw a major second-quarter boost from China sales.

    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:#

    Tiffany & Co. said it saw a major second-quarter boost from China sales.


    Alipay stops cash-on-delivery service.#

    It looks like UnionPay is getting stronger every day. (Caijing)

    CULTURE —#

    Chinese microbloggers not a fan of new "roast duck boat."#

    “Really? Copycats…No wonder foreigners say that what we specialize in on the mainland is rip-off goods,” said one user. (Scene Asia)

    FASHION —#

    Strong China sales boost Tiffany profits.#

    The slowdown seems to be reversing for quite a few luxury companies: the jeweler said its 16.3 percent rise in second-quarter profit was heavily based on China growth. (WWD)

    Asia’s mega-mall boom "headed toward bust":#

    In China, "many malls have not only been waiving rent, but actually paying retailers like H&M and Zara to move in." (Quartz)


    Are Tesla's plans to enter China "little more than a fantasy"?#

    It looks like the trademark issue will be resolved, but the company also needs to line up distribution and government approval, which may take six months. (Economic Observer)

    Car dealerships in China come up with creative ways to ensure return visits.#

    In-house manicurists, shoe-shiners, and iPad raffles are all used to lure customers. (Bloomberg)

    It looks like we've found China's top fuerdai university.#

    For orientation week at Zhuhai's United International College, kids showed up in a "stretch of some 50 luxury cars" including BMWs and Porsches for their first day of college. The gaokao isn't easy; their parents had to reward them with something, right? (Global Times)

    Daimler plans to set up its largest factory in China by 2014.#

    Perhaps this will help

    Mercedes-Benz catch up to BMW and Volkswagen, which have left it in the dust so far in China. (IBT)

    Chinese tourists are the second-highest spenders in Vienna,#

    "dropping an average 623 euros ($833) per day, just behind the Thai visitors." (AFP)

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