Jing Daily's China Luxury Brief: August 8, 2013

    BMW's stellar July sales, Tesla's upcoming Beijing opening, Prada's China-led Asia growth, and Burberry's new Asia-Pacific CEO 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:#

    Beijing's wait for Tesla is almost over.

    CULTURE —#

    New Crazy Rich Asians movie fits with a "fascination" over China's new wealthy class.#

    "Almost no material item in the book is mentioned without its brand named." (Quartz)


    FASHION —#

    Prada brushes off concerns of slowing China growth.#

    The group announced Greater China made a "significant contribution" to its 17.7 percent rise in Asia-Pacific sales. (Prada)

    Burberry names new Asia-Pacific CEO.#

    Pascal Perrier, who has been president of Asia-Pacific since 2007, is now the company's CEO for the region. (WWD)


    BMW sales outpaced Mercedes and Audi in China in July.#

    All three luxury auto brands saw big gains for the month, signaling a possible recovery from slower sales in the earlier part of the year. (Bloomberg)

    Wisconsin-born, Shanghai-raised chef makes waves in Shanghai's locavore movement.#

    The restaurant's cuisine is "New American" but the chef is "serious about sourcing from within China." (Scene Asia)

    China's largest BMW flagship store established in Shanghai.#

    Located at the downtown district in Shanghai Huaihai Road, the location is operated by Yongda Auto. (PRNewswire)

    Tesla's China plans on a roll.#

    The brand's first China showroom will be in Beijing's "upscale Parkview Green mall and cover 8,000 square feet, three times larger than any Tesla store in the United States." (China Daily)

    "Lovers' quarrel" in Chongqing ends with Maserati-Porsche collision.#

    It looks like someone's going to have to make an extra effort on next week's Chinese Valentine's Day. (China Car Times)

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