Jing Daily's China Luxury Brief: July 17, 2013

    Alibaba's massive e-commerce profits, speculation on China's slowdown, and the opportunity to enter China's first "vertical marathon" are among today's top stories.
    Care for a leisurely jog up to the top of China World Trade Center Tower 3 for China's first vertical marathon?

    Care for a leisurely jog up to the top of China World Trade Center Tower 3 for China's first vertical marathon?

    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:


    Qingdao will not impose limits on car buying.#

    Well, at least not that we know of: "Qingdao’s Bandao News called several government departments to find out if there were any such plans but with all departments issuing denials it seems that Qingdao, on the surface, is not ready to enact any such edicts."


    Alibaba banks on the growth of China's e-tail market.#

    Alibaba's revenue rose 71 percent, and profits more than tripled in the first quarter thanks to the rapid growth of e-commerce in China, says Wall Street Journal.

    China now has 591 million internet users and 460 million mobile web users#

    , according to the China Internet Network Information Center (CNNIC).

    Social Media

    Do digital search rankings show a brand's true popularity?#

    Imrad Amed at Business of Fashion takes a critical look at this research method.


    CNBC writes that a "China slowdown isn't scary."#

    The article focuses on the promise of long-term growth, while in contrast, Financial Times asks, "When does a Chinese growth deceleration become a crisis?" Meanwhile, China Real Time Report wonders how much deceleration China's leaders will tolerate.

    Food, Wine, and Beverage

    Beijing's Bed Bar is closing its doors.#

    The "Gulou staple" will close in August, but the owners are in search of a new location.

    Travel and Leisure

    Beijing will be hosting China's first "vertical marathon" at the 82-floor China World Trade Center Tower 3.#

    Don't all rush to sign up at once.

    Architecture and Design

    China Daily has a profile on luxury furniture retailer Kartell#

    , which is expanding rapidly into China. Check out Jing Daily's interview with Kartell's CEO from earlier this spring.


    China's richest man plans for mall expansion across the country and considers an initial public offering.#

    "There is no specific time frame for the share sale, Zong said at a press conference in Beijing today."

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