overseas expansion
WeChat Pay Kicks Off European Expansion with Local Partnership
As Tencent tries to outdo Alipay, Europe’s luxury brands will soon have the option to further streamline the shopping experience for their WeChat savvy Chinese customers. Read More
WeChat Pay Rivals Alipay with Planned U.S. Launch
Tencent is partnering with a Silicon Valley-based mobile payment startup to bring the popular service to shoppers in the U.S. Read More
Can Baijiu Take London? Diageo Seems To Think So
The much-hyped overseas march of baijiu may not have turned many heads in the US, but Diageo is confident that it'll find a receptive audience for its Sichuan-based baijiu brand Shui Jing Fang in the UK. Read More
Beijing Auction House China Guardian Set To Launch New York Office
As Chinese auction houses look to set up shop overseas, what we're seeing is less of a desire to compete with Sotheby's and Christie's, and more of a focus on using these offices to source rare and valuable Chinese art for auctions back home. Read More-
Neiman Marcus Eyes China Stores, E-Commerce
One trend that appears to be picking up steam in the country's larger cities is the spread of multi-brand luxury retailers. Read More -
Interview: China’s Iconic Flying Pigeon Bicycle Hits North America
Jing Daily recently spoke with Bayan Ferzandi and Patrick Conn, part of the Canadian team readying the 61-year-old Chinese bicycle brand Flying Pigeon for its largest North American rollout to date. Read More -
International Luxury Brands In Crosshairs Of China’s Largest Private Company, Fosun
Recently, the Fosun Group has shifted its focus towards overseas investment in response to the growth of China's consumer market, looking to build partnerships with premium international brands that have yet to fully tap China's affluent spenders. Read More -
After Vineyard Acquisitions In France And Chile, Chinese Winemakers Targeting Italy, Australia, US, South Africa
Following acquisitions like the Chinese state-owned conglomerate COFCO's purchase of a 49-acre château in Bordeaux, it appears that China's thirst for wine has pushed its "big three" winemakers far beyond their country's borders. Read More -
Chinese Automakers Finding Success In Middle East & North Africa
Chinese manufacturers have made a strong push in the last few years to move up the value chain, with the ultimate goal being increased exports not only to emerging countries, but also developed markets like the U.S., the eurozone and Japan. Read More
