In case you missed them the first time around, here are some of Jing Daily’s top posts for the week of March 17-24, 2014.
Shopping centers are opening one after another in Chengdu, and Hong Kong-based luxury department store Lane Crawford hopped on the bandwagon this weekend. While foreign department stores such as the French Galeries Lafayette and Italian 10 Corso Como have focused on the established markets of “Tier 1” cities like Beijing and Shanghai, Lane Crawford believes that “Tier 2” cities like Chengdu and Tianjin are the next big thing.
As tropical beach locales across the world battle for the attention of the massive and increasingly important outbound Chinese tourist market, one small island off the coast of Africa has been amping up marketing efforts and using historical ties with China to gain an edge in the competition.
South Korea is the latest country to see a major new gaming development after it approved the construction of its first foreign-owned casino. The recently announced $2.2 billion joint venture project between Las Vegas-based Caesers Entertainment and Hong Kong developer Lippo Ltd. will be located near Seoul’s Incheon Airport, and will face competition from Korean casino operators such as Paradise Co. and Grand Korea Leisure Co.
An unlikely “battleground” for luxury brands has emerged in the hallways of Hainan’s airports as its duty-free shops report massive increased spending by consumers, according to recent Chinese media reports. Hainan, a popular destination for its beaches and resorts, saw its duty-free sales climb both last year and during this year’s Spring Festival travel season.
According to a recent Reuters story, Jean Cassegrain, the CEO of the company known for its ubiquitous canvas and leather totes, said that the brand is “far from having fully tapped China.” According to him, “The brand is starting to be increasingly appreciated by the Chinese, both at home and abroad.”