Men now account for more than half of all luxury goods spending in China and brands are taking notice and adjusting their strategies. Read more →
Jackie Chan; world-famous actor and martial artist, has spent nearly 40 years astonishing the world with his highly skilled screen performances. For Jackie today, it’s charity work that has become the significant focus in his life, having been instrumental in building 26 schools; donating his time and money in the process. What is philanthropy? As part of the Bentley Mulsanne Visionaries video series, Jackie talks about the Future of Philanthropy, explaining the increasing importance of social media for fundraising, China’s developing role in charitable institutions and how he personally intends to keep helping those less fortunate than himself.
In its recently released report “The Global Reach Of China Luxury”, KPMG covers the increasing number of Chinese traveling abroad to purchase luxury goods compared to just five years ago. The following are articles that highlight some of the reports findings:
The number of Chinese tourists traveling overseas continues its upward trend. They are traveling farther to explore new destinations and are seeking out more unique experiences. Stay on top of what destinations are doing around the world to welcome the increasing number of Chinese visitors.
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The Hurun Research Institute recently released the Hurun Report Chinese Luxury Consumer Survey 2013. The survey reveals the lifestyle and brand preferences of China’s wealthy consumers, and is intended to provide a holistic understanding of the spending habits and lifestyle changes of this burgeoning, influential and ever-changing consumer class. This year the survey included questions for the first time on the ‘happiness index’ of these wealthy consumers. The following are some recent articles citing the report’s new findings.
Chinese consumers are accustomed to buying new merchandise when it comes to luxury goods. However, in recent years as the economy as slowed and consumers have become more price conscious, the second hand luxury goods market has grown in China as the stigma of owning used luxury items have lessened. Read the Financial Times article on China’s second hand luxury market here. Read more →