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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 [...]

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Little Lantern Baby Collection by Shanghai Tang

China’s first and leading luxury lifestyle brand, Shanghai Tang, launched a new arrival to their family – the Little Lantern Baby collection. The Little Lantern collection is inspired by the Lantern Festival that takes place in China each year when children go out at night to temples carrying paper lanterns. The festival marks the end [...]

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Chinese Company Buys Hummer from GM

General Motors has reached an agreement to sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery, the company announced Friday. The price was not disclosed, but industry analysts had estimated that the Hummer division would sell for $150 million. The deal would make Tengzhong the first Chinese company to sell vehicles in North America, [...]

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Ferrari 599 GTB Fiorano China

Chinese artist Lu Hao signed a very cool edition of the Ferrari 599 GTB Fiorano model: 599 GTB Fiorano China Limited Edition. This specially- designed supercar will be auctioned the 3rd of November at a special Gala Auction Event hosted by Ferrari in Beijing.

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China has 130 billionaires

Today, Hurun Report released the names of the Top Two Richest Individuals from the 2009 Hurun Rich List, a ranking of the 1000 richest individuals in China. Wang Chuanfu of BYD is the richest man in China with wealth of US$5.1 billion, followed by Zhang Yin of Nine Dragons Paper with wealth of US$4.9 billion. [...]

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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 [...]

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