wealth gap
Why Luxury Brands Overlook These Non-HNWI Spenders
Luxury brands have been primarily focused on High Net Worth Individuals (HNWI), but are they missing out on other important segments in China? Read More
China’s Economy Bounced Back – Or Did It?
The Chinese economy bounced back strongly in 2021’s first quarter, according to China’s National Bureau of Statistics, but can we trust these numbers? Read More
On Douyin, Bragging About Wealth Is a Big No-No
The Bytedance platform has banned almost 4,000 users for showing off their wealth, signaling increasing content restrictions on China’s internet companies. Read More
China Lags Behind South Korea In “Luxury Friendly” Survey
According to a new survey by McKinsey & Co., South Korea is the most "luxury friendly" country in the world, reflected by a low rate of social stigma and an… Read More
