In case you missed them the first time around, here are some of Jing Daily’s top posts for the week of August 4-8, 2014.
As a growing number of independent Chinese travelers head abroad in search of unique experiences, small boutique luxury hotels are in an especially good position to cater to them. According to the results of a new survey by independent hotel brand Small Luxury Hotels of the World, there are several features and services that Chinese travelers expect—beyond the special amenities that have become commonplace at many hotels around the world such as slippers, tea kettles, and Mandarin-speaking staff.
Shanghai-based digital luxury consulting agency Velvet Group may be young, but growing demand for its services means its team is already in the process of relocating to a larger space on the same floor in its current bulidng. Founded in 2013 by Patrice Nordey, the company has already built up a roster of clients that includes the likes of Christian Louboutin, Sonia Rykiel, LVMH, Richemont, Kering, Boucheron, Chopard, and L’Oreal.
Mainland Chinese shoppers in search of avoiding high tariffs on luxury goods are a mainstay for Hong Kong retailers, who are currently panicking as Hong Kong’s government mulls curbs on Chinese visitor numbers. With a growing number of duty-free shopping alternatives for Chinese travelers, Hong Kong may be set to lose out big-time on Chinese tourist spending.
China’s luxury e-commerce market has many major players and no clear front-runner, meaning that industry experts are watching with anticipation to see which website will pull ahead. Investors have just shown faith in the promise one Chinese online luxury store that just received a record $100 million round of funding—a secondhand e-boutique named Secoo.
A mega yacht measuring 88.8 meters—the largest ever built in China—announced its sale in a press release on Monday. The yacht, built by Pride Mega Yachts, is part of the company’s bid to spur interest among China’s ultra-rich. The yachtmaker spared no expense customizing the yacht to Chinese tastes, from luxurious wood and natural stone finishes to specifying the yacht length to 88.8 meters (the number eight, or ba is auspicious in Chinese culture because it sounds like the word for “prosper,” or fa).