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The China Edit | Far East Slowdown, Duty-Free Expansion, Alibaba Revenue

This week, retailers shift their strategies to lure young Chinese consumers, and Alibaba broke out its different revenue streams for the first time.
Crowds in Chengdu, China | Source: Courtesy
By
  • Kate Abnett

"China's Luxury Lifestyles Fall Prey to the Far East Slowdown" (The Telegraph)
"The trend has forced many global retailers to change their strategies to lure a new generation of fashionable young Chinese consumers who prefer to purchase luxury global brands on cross-border e-commerce sites, rather than wait for it to be released in China."

"China's JD.com Revenue Meets Expectations as Slowdown Continues" (Reuters)
"JD.com reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline."

"China Continues Duty-Free Expansion to Keep Luxury Spending at Home" (Jing Daily)
"As the Chinese government loses out on a massive amount of revenue thanks to Chinese consumers' preference to buy luxury goods abroad, it's increasing the number of duty-free offerings with the hope that jet-setting shoppers will keep more of their spending on the mainland."

"Alibaba's Getting More Revenue Outside of E-Commerce" (Bloomberg)
"Alibaba broke out revenue from other segments of its business for the first time in its latest earnings report, following an investigation by the US Securities and Exchange Commission."

"Alibaba Helps Global Tech Companies Navigate China" (Bloomberg)
"Alibaba is extending a hand to companies such as SAP SE keen on operating in China, proffering a window into a market that is increasingly hostile to foreign technology."

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