The Hurun “Best of the Best” 2010 Awards for preferred brands of China’s richest consumers were announced yesterday by Hurun Report. The luxury business magazine is renowned for its annual “China Rich List” In its sixth edition Hurun surveyed 383 mainland millionaires, each with assets of at least RMB 10 million ($1.5 million). Among them [...]
This spring, Hermes plans to launch a new brand, called Shang Xia (meaning “topsy-turvy” in Mandarin), in the lucrative Chinese market. It’s an interesting move from Hermes, who generally tends to buy all or part of existing brands. Shang Xia will include ready-to-wear and decorative arts inspired by Chinese culture and traditions of craftsmanship.
A survey just released in China has lifted the lid on the nation’s obsession with luxury brands and identified just where consumers are spending their money. The 2009 21st Century Deluxe Report (www.21deluxereport.com — in Chinese only) says that China’s love affair with luxury shows no signs of abating. According to one Professor Lu Xiao [...]
Chinaâ€™s southern Hainan island is playing up its tropical climate in a major plan to position itself as a “golf island”, the capital of the sport in China. Golf courses have sprouted like mushrooms across the country as the sport catches on, but no place has hitched its wagon to the sport’s boom quite like [...]
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 [...]