Agenda-setting intelligence, analysis and advice for the global fashion community.
"Chinese Consumers Buy Nearly Half of World's Luxury Products" (China Daily)
"More than 60 percent of the consumers bought luxury products — including handbags, cosmetics and mobile gadgets — spending $116.8 billion on such goods."
"Alibaba Gets New Learning Opportunity With 5.6 Percent Stake in Groupon" (Bloomberg)
"Alibaba Group Holding Ltd. bought 33 million shares of Groupon Inc., making it the fourth-largest shareholder in the online deals website that has lost 86 percent of its value since going public more than four years ago."
"Chinese Tourists Boost Japanese Mall Sales to Record" (Bloomberg)
"Chinese tourists buying million-yen watches and luxury brands helped boost sales at Japanese premium outlet malls owned by Mitsubishi Estate Co. to a record last year, as a weaker currency led to a surge in bargain-hunting visitors."
"The Golden Generation" (The New Yorker)
"The children of wealthy Chinese are known as fuerdai, which means 'rich second generation.' In a culture where poverty and thrift were long the norm, their extravagances have become notorious."
"China's Anti-Corruption Laws Have Changed the Way People Are Giving Gifts for the Lunar New Year" (Business Insider)
"The anticorruption campaign has depressed Chinese sales of luxury goods, common gift items in the past, and caused a dramatic decline in gambling revenue in Macau."
