The China Edit | Sportswear Heats Up, Spending on Services, Angelica Cheung Talks Consumers

"Rich Chinese Splurge on Sportswear as Luxury's Lustre Dims" (Reuters)
"GPS sport watches, compression leggings and hydration packs are the new must-haves for wealthy Chinese, pumping up the multi-billion dollar sportswear industry at a time when China's elite are reining in spending on more traditional luxury brands."

"Luxury Spending to Pick Up Despite Global Gloom" (Barron's)
"HSBC says luxury spending will rise 5.5% in 2016 as China's rich spend more on services and experiences."

"Vogue China's Angelica Cheung: 'China Went from Karl Marx to Karl Lagerfeld in 10 Years'" (Vogue Australia)
"Their knowledge of fashion is superb and now they have moved beyond having these obvious brands, the popular brands, and they understand a lot of niche brands."

"Is the End Nigh for China's Overseas Luxury Personal Shoppers?" (South China Morning Post)
"The sun may be setting on the daigou craze as a world of consumer options opens up for Chinese."

"Apple Pay Launches in China Where E-Payments Widely Used" (Associated Press)
"Apple Inc. on Thursday launched its smartphone-based payment system in China where the electronic payments market is already dominated by an arm of e-commerce giant Alibaba."