In case you missed them the first time around, here are some of Jing Daily’s top posts for the week of January 21-25:
This weekend, the news site Le Temps reported that the Swiss luxury group Richemont, owner of leading brands such as Cartier, Van Cleef & Arpels, and Piaget, has signed an agreement with the Hong Kong-based jeweler Chow Tai Fook to create a joint venture aimed at distributing Baume & Mercier watches in mainland China. According to Le Temps, the 50/50 JV has a dual purpose: to accelerate the development of Chow Tai Fook’s growing watch business, and to more effectively promote Baume & Mercier in the Mainland market.
“I think that a museum has to be aware of where it is. I don’t think you build the same museum in Hong Kong as you build in Rio de Janeiro, and I don’t think you build the same in Minneapolis. You have different traditions, different audiences, and different contexts, and that, to some extent, should also shape what the museum should be, how it should put itself together. It has to do with what this museum has to do, what is critical about this museum, in Hong Kong, in this part of Asia right now.”
As Jing Daily recently pointed out, China has undoubtedly become a globetrotting nation, with the country’s outbound tourists expected to take over 100 million trips by 2020 and jet-setting to every corner of the world. With this in mind, global luxury brands have been working overtime to think of ways to appeal to and take advantage of an influx of mainland Chinese tourist-shoppers, a group that has shown it is “able — and willing — to pay more.”
As netizens in China spend less time on PCs, increasingly plugged into their tablets and smartphones for everything from communication to commerce, mobile shopping has become a an important bright spot in the country’s booming e-tail market. As Jing Daily correspondent Alexis Bonhomme reported earlier this month, China will have several hundred million smartphone users by the end of this year, “able to receive directly tailor-made content, offers and services, make purchases via integrated payment systems, and instantly share news, insights and interests with their personal networks.”
Following up the inaugural event last July, this past weekend the fashion website ParkLU gathered the best of the best from Shanghai’s fashion scene for the second “Insider” private pop-up shop. Attended by several of the city’s leading multi-brand retailers, among them The Villa (previously on Jing Daily), Coterie, and Fei Space, the event at 600 Shaanxi Road North also featured stands by Zooq.com as well as Britain’s Topshop and Topman. (Both of which have made pop-ups a key part of their China strategy.)