WeChat Pay, Alipay North American expansion presents golden opportunity for...
With Chinese travelers being one of the most valuable customer bases for luxury goods, negotiations are underway to make mobile payment solutions WeChat Pay and Alipay acceptable in North America.
View ArticleOutbound travel from China will be vital to travel brands
Tourists traveling from China are proving to be a lucrative segment in terms of shopping spend and frequency of travel, according to a new report from China Luxury Advisors and Fung Intelligence Group.
View ArticleChinese customer a demographic concept, not geographic
Luxury brands are usually 30 percent to 40 percent cheaper abroad than inside China, so Chinese customers love shopping abroad. But they are the same group of shoppers, no matter where they go, and...
View ArticleWill China’s slowing economy hinder luxury growth?
China’s economic growth continues to slow, as the trade war with the United States drags on with the potential to adversely impact the luxury sector.
View ArticleChina: Seeking opportunity in crisis
Among the many tantalizing tropes trotted out by diplomats and China watchers is one popularized in the late-1950s by John F. Kennedy: that the Chinese word for “crisis” 危机 weiji, is a combination of...
View ArticleUS-China tensions and Chinese tourism
It is not as bad as you are hearing. It is temporary. It presents an enormous opportunity.
View ArticleLuxury Outlook 2020 – Luxury Memo special report
Heading into 2020, luxury marketers need to balance democratization with brand protection to capture the up-and-coming consumer without tarnishing their prestige image.
View ArticleLuxury celebrates Chinese New Year with cartoon collections
For the 2020 Lunar New Year, luxury labels are leaning into the Chinese zodiac with lines that are playfully inspired by the rat.
View ArticleImplications of the coronavirus
The overall ramifications of the crisis are still being absorbed, but it will certainly have an adverse effect across a wide range of factors for brands and destinations.
View ArticleSpot survey finds 86pc Chinese consumers to spend less this year
How else has the coronavirus changed Chinese consumer attitudes?
View ArticleChina offers a glimpse of a post-virus luxury market
NEW YORK – Chinese consumers have helped buoy luxury brands as many face months of falling sales due to the coronavirus pandemic and global lockdowns.
View ArticleHow COVID-19 is changing the stakes for Chinese New Year
For a second straight year, Chinese New Year celebrations are being impacted by the COVID-19 pandemic — which can have implications for the luxury business.
View ArticleSingles’ Day poised for another record year despite uncertainty
Chinese shoppers are ready to open their wallets this Singles’ Day, as 36 percent of consumers are planning to spend more on Double 11 than they did in 2020.
View ArticleMulberry casts legacy character Miffy for Lunar New Year
The heritage brand's latest capsule is accented by the Dutch cartoon character, who happens to be a perfect choice, considering the current Year of the Rabbit.
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