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Harrods to open in Shanghai?

After London’s most famous department store Harrods changed hands this weekend, new owner, Qatar Holding is considering a Chinese branch. The company behind the investments of the Qatari royal family bought the store on May 8 for £1.5 billion after months of negotiating between Qatar Holding’s CEO, Ahmad al-Sayed, and former Harrods owner, Mohammed al-Fayed. [...]

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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 [...]

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Want-Want Group buys a Sunseeker 80 Yacht

Sunseeker China has sold a sublime Sunseeker 80 Yacht to Chinese snack food giant Want-Want Group (whose Chinese characters signify prosperity). The purchase reflects the exceptional quality of lifestyle associated with the blossoming Chinese yachting industry. Recognised by Forbes Global as one of the finest companies in the world with a revenue stream below $500 [...]

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Shanghai’s new luxury hotels

2010 has seen a flurry of new hotels opening in Shanghai ahead of the start of the World Expo, which runs for six months from May 1. Marriott, Peninsula, InterContinental and Fairmont are amongst the brands joining Shanghai’s luxury market. InterContinental has opened the new Shanghai Expo hotel as the city completes its final preparations [...]

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China’s Premiere Luxury Lifestyle Show in Hainan

By most measures, the self-styled “Chinese Riviera” on Hainan Island has a long way to go before catching up to Cannes, St. Tropez or Nice. But the organizers of Hainan Rendez-Vous at the island’s Sanya resort did their part to boost the area’s image this past weekend, hosting an extravaganza of private jets, vintage and [...]

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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 [...]

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