huabei
Why China’s Youth Pay For Luxury With Credit
Rising incomes and high consumer confidence have helped boost the China market. But there’s another emerging factor: consumer credit. Read More
Will Luxury Suffer From China’s Crackdown On Millennial Debt?
Ant Financial has amended credit limits for its consumer-lending platform Huabei to “promote more rational spending habits.” What does it mean for luxury? Read More
Can China’s Debt-Ridden Youth Continue to Prop Up Luxury’s Future?
Luxury brands’ “Great Chinese Dream” is largely dependent upon China’s millennial and Gen-Z shoppers. But what if this promising outlook is partially fueled by debt? Read More
The Risk of Renting Luxury Fashions to Chinese Millennials
Jack Ma has made sizable investments in the emerging luxury sharing economy. But are young Chinese who've never owned a credit card worth the risk? Read More
In Attempt to Lure Chinese Millennials, Michael Kors Collaborates with Huabei Credit
Michael Kors is the first luxury brand to work with online credit system Huabei, whose motto, "enjoy first and pay later," is a draw to Chinese millennials. Read More
Trending in China: China’s Highest Earning Dog Inspires Online Shop
From the highest-earning dog to the founder of China's leading streetwear brand, here are the topics Chinese consumers are buzzing about on social media today. Read More
Chinese Millennials Spend More on Credit Alipay Report Says
A new study reveals that Chinese millennials have become accustomed to spending on credit, and pay on time, offering China's economy a boost. Read More
