gifting
China’s Millionaires Prefer Apple and Chanel as Luxury Gift Spending Rebounds
The Hurun Report's annual survey of China's rich finds that luxury gift spending bounced back from a two-year decline in 2015. Read More
China’s High-End Mooncakes Muted for Mid-Autumn Festival
As China's anti-graft campaign continues, high-end mooncakes are becoming increasingly low-key to appeal to a new base of buyers for this Mid-Autumn Festival. Read More
How Lane Crawford’s ‘Unique’ Business Model Defies China’s Anti-Graft Drive
Lane Crawford President Andrew Keith explains how the retailer's "self-gifting" status means its sales haven't taken a hit from China's corruption crackdown. Read More
Shanghai Shoppers Leave New Yorkers In The Dust For Luxury Buys
When it comes to luxury shopping, Shanghai residents buy more and spend more than New Yorkers, finds a new report. Read More
Luxury Gifting By China’s Wealthy Plummets 25 Percent
Hurun's annual survey finds that China's high-net-worth individuals scaled back big time amidst the government's austerity campaign. Read More
Spring Festival Spotlight | Davidoff ‘Year Of The Horse’ Cigars
The cigar maker uses red instead of this year's more commonly used gold for its Chinese New Year luxury gift product. Read More
Study Links CCP’s Crackdown To Business Banquet Spending Slump
A new survey of 100 Chinese companies finds tangible evidence that the main reason for huge cuts to "corporate entertainment" expenditures is, unsurprisingly, the government's ongoing anti-extravagance campaign. Read More
Burberry Jumps On Chinese New Year Bandwagon
Following just about every other luxury brand in releasing special Chinese New Year editions, Burberry recently rolled out a campaign aimed at getting Chinese customers to part with additional cash just in time for the holidays. Read More
Luxury Gift-Giving In China: Down, But Definitely Not Out
We've previously noted the changing dynamics of China's culture of gift-giving, hastened by Beijing's recent crackdown on excessive spending by government officials, but this week, a new Hurun Report survey finds that two luxury segments in particular have been the hardest hit. Read More
China Now World’s Largest Luxury Market: Bain Report
A new report by Bain & Company estimates that China has surpassed the US to become the world's largest luxury market. Read More
