Upmarket French leisure group Club Med said Thursday it will open a Club Med ski village in China, its first venture into the huge and booming Chinese leisure market, in November. Club Med reached agreement with Melco China Resorts to run the ski village at the Mountain Yabuli resort, developed by MCR since 2008 in [...]
The 4,000th Murcielago was recently completed at the Sant’Agata Bolognese factory where Lamborghini celebrated the occasion. Lamborghini only made 2,900 models of the previous V12 model, the Diablo, over eleven years of production. The lightweight 670-hp Lamborghini Murcielago LP 670-4 SuperVeloce, carrying series number 4,000, will be delivered to the company’s showroom in Hangzhou.
Wang Jing was all smiles as she strolled out of a Cartier boutique in Singapore after blowing close to 5,000 US dollars on a watch and a ring. “It’s something I have always wanted, and besides, the economy isn’t looking too bad at the moment,” the Chinese tourist in her early 30s, in Singapore for [...]
The Chinese Government has started to roll out plans to turn the southern island of Hainan into what is being called a “global destination” and the private sector has been quick to rally to the cause. New resorts, visa-free entry to tourists from more countries, duty-free shopping for everyone and the possibility of more sports-betting [...]
China has replaced the US to become the world’s second largest luxury goods consumer, only second to Japan, according to a report by World Luxury Association. The report also said Chinese people consume about 27.5 percent of the world’s luxury products. Luxury goods consumers in China are mainly aged between 20 and 40 with a [...]