The film also captures the glittering Fendi Christmas-themed light installation the Roman luxury label installed in the plaza outside the store.
China’s luxury market shrank last year, a global consultancy said, attributing the decline to a national anti-corruption campaign, slowing economic growth and changing consumer tastes.
Sales of luxury goods in mainland China fell`1% to 115 billion yuan ($18.5 billion) in 2014 compared to a year earlier, Bain & Company said.
The consulting firm, which has been surveying the market since 2000, said it was the first time the industry had contracted.
China has become an ever more important destination for luxury goods manufacturers as the ranks of its wealthy have been swelled by a decades-long boom.
Swiss giant Richemont, the world’s second-largest maker of luxury products, said in November that its 2014/2015 first half net profit dropped 23 percent due to weaker demand in China.
The overall decline last year was because of the “continued impact of anti-corruption and frugality campaigns undermining ‘luxury gifting'”.
Slowing sales of high-end watches, menswear and leather goods contributed the most to the decline, the consultancy added.
Chinese Communist Party chief Xi Jinping has overseen a much-publicised anti-corruption drive since taking power in late 2012, targeting high-level “tigers” and low-level “flies”.
A parallel austerity campaign has also has sought to curtail extravagant gift-giving, banquets and other excesses in the ruling party and government.
Bain added that China’s slowing economic growth was “exacerbating the issue”.
China’s economy expanded 7.4 percent in 2014, its weakest pace in 24 years, official data showed Tuesday, and authorities are emphasising a “new normal” as they retool the country’s growth model to one they hope will be more sustainable.
The consulting firm also stressed that China’s luxury market is becoming more diverse.
“The field of luxury brands in China is breaking wide open,” Bruno Lannes, the Bain partner who wrote the report, said in a statement.
“Brands’ future positioning and popularity within the luxury market hinges on their willingness to revamp concepts to serve the needs of the increasingly sophisticated and well informed Chinese consumers, while managing the growing diversity of sales channels, such as daigou.”
Daigou is a Chinese word for personal shoppers abroad who purchase luxury goods and send them to customers in China.
Bain said that the daigou market increased in 2014 to an estimated 55 to 75 billion yuan, led by cosmetics, leather goods, watches and jewellery.
The consultancy said that Chinese now purchase 70 percent of luxury brands either overseas or through daigou agencies.
Land Rover plans to complain to Chinese officials about a close copy of its EVOQUE SUV that broke cover at the Guangzhou Motor Show in China last week, according to Autocar.
The X7 SUV, presented by Chinese automaker Landwind, bears more than just a passing resemblance to the Evoque, right down to the font and the positioning of the lettering on its hood.
Jaguar Land Rover CEO Dr Ralf Speth said: “The fact that this kind of copying is ongoing in China is very disappointing. As a company we have invested heavily in China with our joint venture partner Chery.”
“That commitment is based on a clear business plan, that allows us to hit our sales targets at clear prices. Anything that damages the potential profitability of our plant damages the integrity of those plans.”
Jaguar Land Rover recently opened up a £1 billion factory in China as part of a venture with local company Chery.
While the Evoque is priced from around $95,000 in China, the LandWind X7 will go on sale later this month for just $22,000.
The X7 is powered by a 188hp 2.0-liter turbocharged four-cylinder engine, mated to a six-speed manual or an eight-speed automatic gearbox.
An ancient Tibetan silk tapestry has set a world record for Chinese art after it was sold for $45 million at a Christie’s auction in Hong Kong.
The 600-year-old artwork, called a thangka and embroidered in vivid hues of red and gold, was bought by Liu Yiqian on Wednesday and will be displayed at his new museum in Shanghai, the auction house said.
The sale broke the world record for any Chinese work of art sold by an international auction house.
The piece — which depicts the meditational diety Raktayamari, known as the Red Conqueror of Death, standing stride a buffalo — was created during the Ming dynasty between 1402 and 1424.
It is one of a set of three thangkas from the Jokhang Monastery in the Tibetan capital Lhasa, according to Christie’s.
In April, Liu bought a Ming Dynasty wine cup which broke the world auction record for Chinese porcelain in Hong Kong for $36.05 million.
A taxi driver-turned-financier now aged 50, Liu is one of China’s wealthiest men and among the country’s new class of super-rich scouring the globe for artwork. He is worth an estimated $1.6 billion.
Beijing has opened the doors to a new W HOTEL, a modern, glitzy property that aims to be the hotel of choice for the fashion, music and entertainment industry who descend on the bustling capital.
Located on Chang’an Avenue, a major thoroughfare that’s also home to major landmarks and monuments like Tiananmen Square, the Forbidden City, the Silk Market and the Beijing Concert Hall, the W Beijing towers over a place that straddles tradition, history and the 21st century.
DON’T MISS: W HOTELS TO DOUBLE ASIAN PORTFOLIO
All 349 guestrooms and suites feature digital tablets that can control room lighting and mood, a home theater system with Bose portable speakers and amenities from Bliss.
DON’T MISS: CHINA PLANS $1.3BN ‘SEVEN-STAR HOTEL’
The W Beijing is the second of several W Hotels planned for China over the next five years in cities like Changsha, Chengdu, Shanghai, Suzhou, Sanya, and Shenyang.
W Hotels opened its first China location in the city of Guangzhou.
W Beijing – Chang’an is offering special rates to celebrate its opening from November 1, 2014 to April 30, 2015.
More information available at www.whotels.com/beijing
CHRISTIE’S has consolidated its presence in China with a new Shanghai location, as the nation continues to embrace the high-end art industry.
“This building gives us the opportunity not only to bring art from around the world to Shanghai, but to bring the art of China to the rest of the world,” said Christie’s CEO Steven Murphy.
“China now plays a hugely important role in the global art market. Nearly one third of all buyers are from Asia and in the last year, 20% of all new clients to Christie’s globally came from Greater China.”
The move comes a year after the auction house brand first received a license to operate independently in mainland China, holding its first auction there in fall 2013.
SEE ALSO: CHINESE INTEREST RULES THE AUCTION WORLD
Chinese artist Qin Feng created an interactive piece called “Landscape of Desire” for the Christie’s Shanghai opening — a 15 x 30 meter work, executed in black acrylic painted on canvas, which visitors were invited to walk on to add their own imprint to the work.
The canvas will be divided into 108 scenes and each work will be ‘adopted’ or sold for charitable purposes.
Housed in the historic Bund-side 1907 Ampire building, the 10,000-square-foot Christie’s Shanghai is aiming to become a global art hub and converging point between the East and West.
The first three auction sales in the new space will take place October 24.
Bulgari Hotels are set to launch a new luxury hotel in 2017, located in Beijing’s upmarket Embassy District and overlooking the Liangma River.
The 120 rooms and suites of the hotel will be flanked by two office buildings and a contemporary art gallery. The space will be designed by Antonio Citterio Patricia Viel and Partners and will sit with the rest of the brand’s ‘contemporary Italian’ aesthetic for its hotel portfolio.
“The combination of the natural landscape with the artistic content will make this development a new benchmark for enlightened luxury living in the future,” explained Bulgari CEO Jean-Christophe Babin.
This hotel will join the brand’s existing locations in Milan, Bali, Tokyo and London. Ahead of the Beijing launch, another Chinese outpost is set to launch in 2016 in Shanghai, with a further hotel opening in Dubai in 2018.
Chinese internet giant Baidu has unveiled a pair of ‘smart chopsticks’ that can detect contaminants in food and report back to smartphone apps.
The idea behind Baidu’s smart chopsticks, which the company will be marketing as Baidu Kuaisou, is to act as a food safety device, essentially telling you if the meal you’re about to tuck into is tainted.
DON’T MISS: LOUIS VUITTON CHOPSTICKS
The chopsticks aren’t yet ready for mass production but a video shows that when they do hit the shelves they will be very simple to use.
Connecting wirelessly to a smartphone or desktop app, when the chopsticks come into contact with an oil or water that is in some way tainted, the app warns that the food is bad, and if no toxins or impurities are detected, the app sounds the all-clear.
To make things even simpler the chopsticks also have an integrated light that glows blue or red to indicate if something is safe or potentially unsafe.
As well as spotting potential toxins, Baidu wants the device to highlight nutrition too. The chopsticks will come with a base unit for charging that can also be used to test solid, non-liquid items like fruits and vegetables.
In April, the company uploaded a video to YouTube detailing an early prototype version of the chopsticks (above) which, due to its date stamp, was considered by many as an April Fools’ joke.
However a new video, posted to Baidu’s video platform this week, shows how the device has developed and how the app has been simplified and improved.
The new Q50L is the first car from Infiniti developed exclusively for the Chinese market and will also be the first Infiniti to be built in China.
Although based on the existing Q50 executive sedan, Infiniti claims that the L is a result of “listening closely to customers’ needs” in what it describes as a highly sophisticated market.
So, the first obvious difference is the car’s length. Affluent Chinese drivers value rear passenger space as highly as performance or exclusivity.
The Q50L measures 4.8 meters from end to end and its wheelbase (the distance between front and rear wheels) is also greater at 2.9 meters.
But as well as more leg room, passengers will get mood lighting and rear window sunshades as standard as well as a 14-speaker Bose sound system.
INFINITI hasn’t neglected the driver either, the car will come with a host of electronic aids including active lane control.
The Q50L will also be the first Infiniti to benefit from a new economical but potent 2-liter, four-cylinder turbocharged engine and a drive-by-wire electronic steering set-up for smoother and more responsive maneuvering.
The Q50L’s big brother the Q70 is already offered in a longer L variant in China and the model is now going to go on sale in the US and Canada.
The RITZ CARLTON Hotel Company is to open its first luxury golf resort in China, which will open in 2015 in Hainan Island.
Developed by the Mission Hills Golf Club and managed by The Ritz-Carlton, the 201 room resort includes 21 private villas and a dedicated club house.
DON’T MISS: CHINA’S LOVE OF GOLF GROWS
It will be part of the Haikou Mission Hills Golf Club project, which boasts 10 golf courses and will be the largest public golf complex in the world.
Designed by architects AECOM with interiors created by Hirsch Bedner Associates, the property includes five restaurants and bars, a Ritz-Carton Spa and extensive leisure facilities including tennis courts, two swimming pools and a recreation pavilion.
SEE ALSO: ILLEGAL GOLF COURSES IN CHINA FLOURISH
The nearby city of Haikou, nicknamed the Coconut City, has recently reinvented itself as Hainan’s new hub for business and tourism.
The region is known for its white sand beaches and is home to China’s national sailing and windsurfing teams.
Forget boat cabins — it’s all about mah-jong tables, karaoke and spas!
Global yacht-builders adapt to the new market in CHINA, hoping to cash in as the country’s multimillionaires look for new ways to spend their wealth.
Burberry has worked with Chinese messaging service WeChat on an ongoing innovation partnership, which has seen the two companies team up for some innovative digital-IRL crossover experiences.
DON’T MISS: BURBERRY FÊTES NEW SHANGHAI STORE
In February, the Autumn/Winter 2014 Womenswear show debuted a series of responsive journeys, instantly personalising the show experience.
In April 2014 in support of the Burberry London to Shanghai event, users were invited to join Burberry on a rich interactive journey between the two cities, and then experience the event first hand via a series of immersive panoramas.
This film explores some of the highlights so far soundtracked by “You Can’t Stop the Rain” by Ed Harcourt.
The Shanghai Film Corp breaks into the world’s top five IMAX partners after commissioning 19 more cinemas able to host the super large-screen format.
SFC will up its total count of IMAX sites from 3 to 22, with “a significant number” set to complete by the end of 2015, according to the IMAX corp.
The Canadian firm had previously seen “Transformers: Age of Extinction” make its world premiere using IMAX format at the Hong Kong Cultural Center.
By July 20, Michael Bay’s blockbuster had passed a Chinese box office of $306 million, a hefty contribution towards its growing global cumulative of $889m, making use of Chinese actors and locations as well as Hollywood stars and North American landscapes.
But IMAX isn’t the only game in town; the state-run China Film Group Corporation presides over the home-grown DMAX format. Although a DMAX screen’s minimum size is slightly smaller than its older rival, DMAX can boast of lower installation costs and therefore lower ticket prices for cinemagoers.
This latest move demonstrates how important China remains to IMAX, whose Chinese branch is minority owned by two domestic investment partners, while the territory has become IMAX’s second-largest overall.
BMW said Wednesday it will increase the number of models it builds in China from three to six in the coming years to meet growing demand.
BMW currently produces three models in China, the BMW 5 Series sedan, the BMW 3 Series sedan and the BMW X1.
However, “we are strengthening our focus on meeting the needs and aspirations of our Chinese customers,” said board member Friedrich Eichiner.
“This is why we are going to produce even more models specially tailored to the Chinese market. We are going to double our range of locally produced models in the future — from three to six,” Eichiner said.
The new models will include a completely new entry model below the 3 Series and a variant of the BMW X3 specifically developed for China.
Over the last five years, BMW has invested more than two billion euros in its Chinese plants, “and we will continue to invest in China,” Eichiner said.
It has two production sites in Dadong and Tiexi and “over the next two years, we are going to step up the capacity of the two plants from 300.000 units to a combined total of 400,000 units per year,” he said.
BMW also plans to extend its joint venture with Chinese automaker Brilliance China Automotive until 2028.
The Chinese market for private cars should grow by an annual average 8.0 percent until 2020 when overall sales would reach 22 million vehicles.
Burberry has opened a new flagship store in Shanghai, its largest in China so far and the first to feature the Burberry Beauty room concept.
Located in the city’s Kerry Centre in Shanghai’s Jing An district, it’s the British brand’s eighth location in the city. Open from Monday, the store will get an official launch with an event on April 24 designed to bring London to Shanghai with an immersive digital Burberry experience.
Inspired by the global flagship at 121 Regent Street in London, the space was designed to incorporate the best of British craftsmanship and materials, with a design concept developed by Chief Creative Officer Christopher Bailey.
The store is set over three floors that mix digital and physical displays, including a dynamic illuminated facade on the outside and over 40 video screens on the inside providing an immersive audiovisual experience.
With the full Burberry lines in-store, there’s a dedicated watch area (below), and the first in-store Burberry Beauty room (above) in China.
The technical magic also include RFID chips woven into pieces that trigger mirrors to turn into screens and showcase exclusive content like fashion shows and product videos.
Shanghai-based fans can celebrate with exclusive men’s and womens ready-to-wear pieces and accessories, which will be available from April 25.
The stretched luxury off roader will become the first ever diesel-electric hybrid car to go on sale in China when deliveries commence at the end of the year.
From the outside, the new Range Rover on display at the Beijing motor show is pretty much identical to the standard long wheelbase model and as such offers rear passengers an extra 186mm of legroom and with the upgraded seating package, seats that can recline to 17°.
However, under the hood things are very different. A 3.0-liter SDV6 diesel engine has been mated with a 35kW electric motor and the result is a 26 percent reduction in CO2 emissions — 169g/kg — and a combined cycle fuel economy of 6.4 l/100 km (44.1mpg).
When working in tandem, the engines produce 340PS (335.4bhp) which isn’t bad at all, but what is very impressive is the fact that the torque on tap, 700Nm (between 1,500 and 3,000rpm), is equal to that offered by the petrol-powered V8 version of the car.
And for anyone serious about off-road performance, torque and horsepower trump top speed and 0-100km/h acceleration every time.
Therefore potential buyers will be happy to learn that Land Rover has been able to pack in the new powertrain while retaining all of the Range Rover’s defining capabilities. It will come with the same class-leading terrain response and all-wheel drive systems found on the non-hybrid version and will retain its wading depth of 900mm.
But for when the car is on, rather than off-road, the Range Rover can travel at 48km/h (30mph) for a distance of 1.6km on just electric power before the diesel engine fires up again and, like on a number of new hybrid supercars, the electric motor is used to fill in gaps in acceleration and response from the diesel engine so that progress is always smooth.
The hybrid powertrain is coming to market following grueling real-world tests. In 2013 Land Rover drove a fleet of hybrid Range Rovers from Solihull in Birmingham and across central Asia to Mumbai, India.
And after the 16,000km trip the cars were stripped down, data gathered and the systems fine-tuned, ready for consumers.
The global order book for the Hybrid Range Rover opens in May with first deliveries scheduled before the end of 2014.
The Rolls-Royce Pinnacle Travel Phantom was created to celebrate China’s love of travel and to showcase the levels of craftsmanship the company can offer through its bespoke design studio.
The new Bespoke Collection car boasts an opulent two-tone exterior finish of Madeira Red and Silver Sand with complementing tones of leather and lambswool dressing the seats, roof liner and covering the floors.
The seats and rear cushions are further embellished with a specially designed motif, stitched in smoke grey thread.
But as impressive and cosseting as all of that is, it is nothing compared to the marquetry that adorns the instrument panel and other cabin surfaces.
The individual pieces of different colored wood veneers have been precision laser cut and then painstakingly assembled by hand to create the image of a train speeding across a landscape, leaving plumes of smoke in its wake.
In all, there are 230 individual pieces of marquetry adorning the cabin, from the front fascia to the rear passengers’ picnic tables. The incredible woodwork is complemented by some serious needlework too as the motif blends into the fabrics dressing the doors thanks to 24,633 individual stitches.
Ford Motor launched its luxury Lincoln car brand in China on Thursday, just days ahead of Beijing’s auto show in the world’s largest car market.
The company will begin sales in the autumn in seven cities with the Lincoln MKZ, a midsize sedan, and the Lincoln MKC, a small sports utility vehicle.
By 2016, three other Luxury vehicles will have joined the line-up: a midsize SUV, an “all-new” full-size sedan and a large SUV, the Lincoln Navigator.
The Lincoln vehicles will be sold through an independent network of 60 dealers in 50 cities across China by 2016.
A Lincoln team studied the new luxury automotive customers in China for the past three years and found they were underserved and their tastes were quickly evolving toward seeking luxury as a way to express individuality.
Customers will be able to visually explore the entire array of Lincoln models, colors and features, configure their desired vehicle, and view a life-size image of the customized vehicle both inside and out before making a selection.
Citroën’s premium brand DS, which is marketed exclusively in China, has just introduced its first SUV. Slated to premiere at the next Beijing Auto Show, the DS 6WR is directly derived from the Wild Rubis concept.
The DS 6WR is equipped with the same fascia seen on the DS 5LS, as well as aluminum roof rails that run down into the body at the rear.
Among the new technologies featured in the SUV is Grip Control, which is designed to provide optimal traction on any type of terrain without requiring the use of 4-wheel drive, thus limiting fuel consumption and CO2 emissions.
Two four-cylinder turbo-petrol engines – the e-THP 160 and THP 200 — will be offered in China, both matched with six-speed automatic transmissions.
The DS 6WR will be the third DS model to be built in China. It will be introduced there by end of the year, with Europe expected to follow in 2015.
The first Disneyland theme park resort in mainland China is to set to get an adjacent luxury shopping compound.
The Shanghai Shendi Group announced a venture with luxury outlet chain Value Retail this week, Want China Times reports.
‘Shanghai Village’ will be located next to Shanghai Disney Resort, which is set to open its doors at the end of 2015.
Located in the city’s Pudong district, the outlet will benefit from the transport links connecting the metropolis to the resort, and will aim to attract luxury bargain hunters.
The 50,000 square meter site will stock a variety of luxury Asian and International lifestyle brands with collections selling at discounted prices.
Value Retail’s existing ‘Chic Outlet Shopping’ concept villages in Europe include boutiques from designer labels such as Alexander McQueen, Burberry, Dior, Gucci and Prada, among others.
The compound will be the second Chinese outlet for the chain, which is planning to open its inaugural Asian site, Suzhou Village, in May 2014.
The Shanghai Disney Resort will feature a Magic Kingdom theme park and two themed hotels when it opens next year.