The China Edit | Overseas Spending Drops, Social Shoppers, Gucci Bets on Logos

"Luxury Goods Spending by Chinese Tourists Down 24 Percent in March" (Asia One)
"Spending on luxury goods by Chinese shoppers abroad fell last month for the first time since such records began in 2010, leading to the worst ever monthly result for the luxury goods industry's tourist sales."

"How Savvy, Social Shoppers Are Transforming Chinese E-Commerce" (McKinsey & Company)
"With the most Internet users of any country, China is the world's largest and fastest-growing e-commerce market. Capitalizing on opportunities, however, is becoming harder for consumer-facing companies."

"Gucci CEO Marco Bizzarri: China's Luxury Consumers Aren't 'Ashamed' to Wear Logos" (Jing Daily)
"'The Chinese are buying back into Gucci after many months of decline. No one is ashamed to show a GG belt.'"

"Alibaba to Buy Controlling Stake in Lazada For About $1 Billion" (Reuters)
"Chinese e-commerce giant Alibaba Group Holding Ltd has announced it agreed to buy a controlling stake in online retailer Lazada for about $1 billion to expand its platform into Southeast Asia."

"Chinese Scions' Song: My Daddy's Rich and My Lamborghini's Good-Looking" (The New York Times)
"With its relatively weak currency and welcoming immigration policies, Canada has become a top destination for China's 1 percenters."