The China Edit | Weak Prada Sales, Still Leading Luxury, Asos Exit

"Chinese Shoppers Are Buying Fewer Prada Bags" (CNN)
"The Italian luxury brand Prada reported a 26.6% fall in net income in 2015 on Friday, blaming weak sales in China for the slump."

"When It Comes to Luxury, China Still Leads" (The New York Times)
"Although China's slower economic growth, crackdown on gifting and weaker currency have ended the days of breakneck growth for the country's luxury market, the global brands invested there are not panicking."

"Exit from Chinese Online Store Costs Asos £10m" (The Guardian)
"Web-based fashion retailer pulls plug on Chinese division after failing to win over country's shoppers since launch in 2013."

"Good News for Hong Kong's Battered Luxury Sector – Beijing Tax Reforms May Bring the Shoppers Back" (South China Morning Post)
"Duties on expensive items bought on cross-border online platforms could almost double under reforms aiming to stem the massive capital outflow."

"Foreign Products Get More Expensive for Chinese Shoppers" (Fortune)
"Buying overseas products online just got more expensive for Chinese consumers, potentially slowing what was a feverishly growing market."