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Jing Daily’s China Luxury Brief: December 17, 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. Read More
Bain Study Finds China’s Luxury Consumers More Global Than Ever
The consultancy predicts that North America is set to surpass China for luxury sales growth this year, but a major chunk of those purchases will be made by Chinese tourists. Read More
Global Brands, Engage Your Global Chinese Customers
Despite the proven purchasing power and attractive spending patterns of traveling Chinese consumers, brands dramatically underinvest in this global customer segment in their home markets. Read More-
Will E-Commerce Help Stem The Tide Of Mainland Chinese Shopping In Hong Kong?
While Hong Kong retailers have welcomed tourist-shoppers with open arms, luxury brands would like to see more Chinese spending locally. However, stemming this Hong Kong-bound tide has been anything but… Read More -
Asia’s Luxury Rebound Powered By Economic Optimism
This week, a new MasterCard report concludes that the Asia-Pacific luxury market, powered mostly by China, Vietnam and Singapore, has quickly rebounded from its post-2008 dip, with more faith in… Read More -
China “Saves The Day” For Struggling Luxury Industry
This week, the Boston Consulting Group released the results of their survey of over 2,500 Chinese consumers, projecting that China should overtake Japan to become the world's largest luxury market… Read More -
In The Global Luxury Industry, China “Is The Hero At The Moment”
With sales of luxury goods in China expected to reach upwards of $15 billion within the next five years, the country looks like a paradise for luxury brands. But the… Read More -
Paper: Chinese Luxury Consumers Setting Global Trends
A new report by the Chinese business newspaper 21st Century Business Herald projects that the Chinese luxury consumer will increasingly contribute to global luxury trends as consumers in more developed… Read More -
China May Lower Luxury Tariffs By 10%: What Will It Mean For High-End Consumption?
China's notoriously high luxury tax, which adds a 30-40% premium to a wide (and ever-changing) array of goods -- from the usual suspects like handbags and jewelry to some sporting… Read More
