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    Weekend Sound Bites: Bentley’s China Boost, Bespoke Jets, And Trendy Tmall

    Welcome to Jing Daily‘s Weekend Sound Bites: a rundown of what industry influencers were saying about the week’s top stories on the business of luxury and culture in China.
    Jing Daily
    Jing DailyAuthor
      Published   in Fashion

    Welcome to Jing Daily‘s Weekend Sound Bites: a rundown of what industry influencers were saying about the week’s top stories on the business of luxury and culture in China.#

    —FRIDAY, 7/25 —#

    "Maybe the forecast from last year and the beginning of this year was too aggressive, but I still predict double-digit (sales volume) growth in 2014."

    -Wolfgang Duerheimer, chief executive of luxury carmaker Bentley, explaining how the company may have to reel down its estimates of maintaining a 61 percent growth. (Reuters)

    —THURSDAY, 7/24 —#

    “It’s not our business, and he [Pan] can donate to anyone he likes, but such an explanation ... indeed how many poor Chinese students can afford going to Harvard nowadays?”

    -Chongqing-based Business magazine criticizing Pan Shiyi, chairman of Beijing’s largest property developer, and his decision to donate to Harvard to help Chinese students studying there. (Market Watch)

    —WEDNESDAY, 7/23 —#

    "Buyers can be in their 20s, in their 70s. They can be in real estate, investment, oil and gas. They are from all over China."

    - Jason Liao, head of consultancy China Business Aviation Group, discussing how a growing trend of bespoke private jets among China's wealthy is due the fact that there is no “typical" Chinese private jet buyer. (AFP)

    — TUESDAY, 7/22 —#

    "The tightening of remittances could have quite a big impact on outbound individual investors as many have been using this avenue to buy properties."

    -An unnamed property consultant in China, discussing how the central government's move to tighten remittances abroad could result in a decline in offshore investment by mainlanders. (SCMP)

    — MONDAY, 7/21 —#

    “From Day One, we knew that to be relevant to China we needed to have both properties. So we decided to go there respecting our DNA as a luxury brand, selling our products at full price and with full service. By selling full-price on Tmall.com with rich content, we knew we would…set a good standard in China.”

    -Laurent Malaveille, former digital executive vice president of cosmetics company Groupe Clarins, on the company’s move to streamline its digital presence onto one platform. (WWD)

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