Versace pursues retail expansion in China

The Italian luxury house, which just opened a jewelry boutique in Beijing on December 10, has other imminent plans in the pipeline for China. The company will debut a new retail concept before Christmas in the Village North, a shopping complex in Sanlitun, an affluent area filled with shops and eateries. Additionally, Versace is planning … Continued

Hublot Signs Jet Li as Ambassador

Hublot opened its first flagship store in Beijing on Nov. 29, 2010 and announced Jet Lias the first Asian ambassador for its brand. The new Hublot store in Beijing has an area of 100 square meters and is located at the entrance of Wangfujing Street in the Oriental Plaza, one of the most prosperous iconic … Continued

Christian Louboutin To Open Beijing Store Next Year

French Luxury Shoemaker Christian Louboutin plans to open two stores in China next year, propelled by the rising incomes of Chinese shoppers. The first-ever Beijing standalone store is slated to open in July 2011, followed by a Shanghai boutique in December 2011. Louboutin said in a recent interview with Bloomberg that he may operate as … Continued

Hilton Opens China’s First Luxury Airport Hotel

Hilton Hotels has opened the first five-star airport hotel in China, at Beijing International Airport. The luxury hotel, which is close to the airport’s newest terminal three building, will cater to the rapidly increasing number of wealthy travelers in China. It contains 322 rooms and seven restaurants and bars, along with two full-size ballrooms and … Continued

Beijing Airport overtakes Heathrow as second-largest

Beijing International Airport has overtaken London Heathrow as the world’s second busiest, in a sign of China’s growing dominance of international travel. In terms of seat capacity, Beijing International is now second only to Atlanta Hartsfield in the US, according to a July 6 report by aviation analyst OAG. Beijing’s business has been boosted by … Continued

Beijing pet spas turn pooches into pandas

With pet ownership on the rise in an increasingly affluent China, savvy entrepreneurs are opening animal spas offering dogs a full makeover — even transformation into a panda. Sun Ruowen opened her pet salon in central Beijing in May. Already, dozens of customers wanting to pamper their pets — mainly dogs — have bought pre-paid … Continued

BMW, Ford and VW show concepts for China

BMW, Ford and Volkswagen have joined General Motors, Mercedes-Benz and other leading Western brands in unveiling concept vehicles for the Chinese market at the Auto China 2010 motor show in Beijing. Following in the footsteps of German competitor Mercedes-Benz, BMW showed its own four-door coupe, the BMW Concept Gran Coupé. The concept, intended to combine … Continued

Lamborghini Murcielago LP670-4 SV China Edition

Super-sports-car maker Lamborghini surprised audiences at the 2010 Beijing Auto Show with a highly exclusive edition of the Murciélago LP670-4 SuperVeloce. The LP670-4 China Edition is no different than normal models in term of technicalities, but it comes with a bespoke black and orange stripe and can be had with a special grey color. The … Continued

China’s mainland has over 875,000 multimillionaires

The Hurun Research Institute published the 2010 Hurun Wealth Report today for the second consecutive year. The report analyses the number and distribution of China’s wealthy across the nation’s major cities and provinces. The report shows that there are 875,000 people with more than RMB 10million (EUR 1.1M / USD 1.47M) in China today, an … Continued

China goes gourmet with foie gras

China’s ever-growing taste for luxury goods is extending into the culinary world — and that’s good news for Jean-Marie Vallier, who runs a duck farm and foie gras factory outside Beijing. Two years ago, French group Euralis — the world leader in foie gras production — invested 2.7 million dollars in the facilities, aimed at … Continued

BMW 1-series made of Chocolate

China has unveiled the world’s largest chocolate wonderland in Beijing. Among the 500 life-size figures exhibited in the fair there are chocolate shoes, clothes and also a life-sized BMW 1-series car. According to a report in the official China Daily newspaper, 10 craftsmen needed four tonnes of chocolate and six months to make the car.

China unveils ‘world’s fastest train link’

China on Saturday unveiled what it billed as the fastest rail link in the world — a train connecting the modern cities of Guangzhou and Wuhan at an average speed of 350 kilometres (217 miles) an hour.

What crisis? China’s billionaires live it up

While the rest of the world struggles to bounce back from the global financial crisis, China’s billionaires are living large, snapping up luxury products at a breathtaking pace. Beijing’s Jinbao Street is the must-visit address for billionaires with yuan to burn. Once a maze of alleys, the 800-metre (yard) stretch of road is now home … Continued

Ferrari 599 China Edition Auctioned in Beijing

A one-off Ferrari on which we reported last month has been auctioned off for $1.77 million, including taxes. The Ferrari 599 China was snapped up by an anonymous, silent auction participant based in Shanghai. The one-off Fiorano was hand painted by Chinese artist Lu Hao with a pattern reminiscent of the sought-after Ge Liln porcelain … Continued

Rare Chinese stamp sells for record $332,000

A single Chinese stamp has sold for $332,000 at Zurich Asia’s “Stamps and Postal History” autumn auction in Hong Kong Friday. The 1897 Qing dynasty stamp was bought by a Beijing collector and set a new world record for a single Chinese stamp. It is an extremely rare 1897 small one-dollar overprint on a three-cent … Continued

Cartier Treasures at the Palace Museum in Beijing

Cartier is organizing an exhibition event from September 5 to November 22 at the Palace Museum in Beijing, in a sacred place: the Forbidden City. The exhibition includes more than 350 items, including archives dating from the founding of Cartier to its creations from the 1970s. Partly dedicated to royal jewels, the exhibition will be … Continued

How super rich live in China

A new report has revealed that Beijing has the maximum number of rich people in China. The latest Hurun Report on China’s wealthiest people said that there are 143,000 (yuan-)multimillionaires and 8,800 billionaires in Beijing. In Shanghai, there are 116,000 multimillionaires and 7,000 billionaires, reports the China Daily.

Beijing hosts China’s first fine French wine auction

From famous chateaux ranging from Lafite to Margaux and Mouton, wine lovers had a chance to bid for top French wine in Beijing on Friday at the first wine auction yet on the Chinese mainland. Around 1,000 bottles of fine wine from France’s renowned Bordeaux area were on auction with a starting price of several … Continued

Mandarin Royal Hotel Burns

The Mandarin Royal Hotel, a 44-storey luxury hotel in the center of Beijing burned completely yesterday in a massive fire during the final celebrations for the Chinese New Year. The luxury hotel has been under construction for 7 years and was due to open later this year. There are some suggestions that a firework may … Continued

House of VOILA awarded for its “Beijng Dream” Collection

Tourbillon a Swiss-German Magazine announced in its Fall 2008 Issue No15 the winners of the best designed Olympic inpsired timepiece and the Gold was awarded to the House of VOILA for its “BEIJING DREAM” Collection. Pekings new national stadium, fondly referred to as the Birds Nest, was conceived by Swiss Architects Herzog and De Meuron … Continued