Jing Daily's China Luxury Brief: September 10, 2013

    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:#

    Geely wants to go after China's nouveau riche.


    Middle-class mainlanders flowing into Hong Kong for shopping day trips are boosting retail rent prices,#

    and international brands are taking notice. (Bloomberg Businessweek)

    — CULTURE —#

    Contemporary artist's compound knocked down in affluent part of Shanghai.#

    The incident resulted in a standoff with authorities and minor injuries. (China Real Time)

    — LIFESTYLE —#

    Volvo and Geely embroiled in a "culture clash".#

    Geely wants to create a luxury vehicle to compete with German cars to try to tap into China's nouveau riche market, while Volvo wants to stick with "Scandinavian understatement." (Reuters)

    Audi posts strong China sales for August.#

    The company saw 9.8 percent year-on-year growth for the month. (DW)

    Meanwhile, BMW beat both Audi and Mercedes in August sales growth,#

    with a 35 percent rise compared to 27 percent for Mercedes and 23 percent for Audi. (Bloomberg)

    For Beijing wine aficionados,#

    there will be a Chinese wine tasting event at Capital M this Friday. (Grape Wall of China)

    China's wine-drinking elite "know surprisingly little about wine."#

    Winemakers won't let this stay the case for long. But how much does anyone know, really? (Shanghaiist)

    Mooncakes can be pretty wasteful, apparently.#

    Who knew? Last year, Hong Kong residents threw out two million of the pastries. (China Real Time)

    Craft beer is taking off in China.#

    Qingdao better step up its game. (Caijing)

    — TECH —#

    WeChat rival line steps up its game with stickers,#

    but hasn't provided solid numbers on its China progress. (Tech in Asia)

    Discover more
    Daily BriefAnalysis, news, and insights delivered to your inbox.