Jing Daily's China Luxury Brief: September 18, 2013

    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:#


    Everything you need to know about Christie's upcoming Shanghai auction.#

    Christie's posted an interview with its China managing director discussing why now is the right time to hold a China auction and how this will affect the auction market. (Christie's)

    Real estate riches drive China’s wealth creation.#

    "China’s property industry reclaimed its spot as the number one source of income in the past year for the mainland’s wealthy." (Reuters)

    — FASHION —#

    International designers increasingly inspired by Chinese aesthetics,#

    which may bode well for the global rise of Chinese designers. (Business of Fashion)

    — LIFESTYLE —#

    Starbucks expects China to be its second biggest market by 2014.#

    Part of its success hinges on localized products such as mooncakes and green tea-flavored coffee drinks. (Shanghaiist)

    Could Lexus be left behind in China's luxury car market?#

    Toyota is sticking to exports as rivals expand their joint ventures, which is giving them a pricing advantage. However, it's hard to blame Japanese automakers' wariness after factories were torched in the 2012 anti-Japan riots. (Trefis)

    Stranded Chinese cruise vessel pays its bond and is allowed to leave.#

    However, this PR disaster is likely to cost it a lot more in the long run. (MercoPress)

    Shandong's Great River Hill not your typical vineyard.#

    Grape Wall of China profiles the winery in Laixi, which houses a donkey, goats, and pigeons, as well as a Lamborghini tractor. (Grape Wall of China)

    — TECH —#

    It looks like the gold iPhone is a hit in China after all.#

    Although many Weibo netizens thought the gold color was crass, the nouveau riche apparently can't get enough of them. (Silicon Valley Business Journal)

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