Author Archives: Christine

Bloomberg: Is China’s Demand For Luxury Faltering?

In the following video, Bloomberg’s David Ingles gives an overview on Asia’s demand for luxury goods – with a particular focus on China. Here are some interesting takeaways:

The Increasing Influence Of China In Hollywood

The business opportunities for Hollywood in China have always outweighed the challenges of cracking the country’s heavily regulated entertainment sector. In the last few weeks from the Beijing International Film Festival to Robert Downey Jr’s Iron Man 3 tour in China, efforts by Hollywood at increasing engagement with China is evident.

Burberry Beats Forecasts Amid Strong Demand In China

Photo: Actor/Director Hu Bing shopping with Affinity China guests at a private Burberry event at South Coast Plaza during Chinese New Year.

Burberry Group Plc reported strong fourth quarter revenue as sales of higher price point merchandise increased and strong demand in China and Hong Kong resulted in double-digit increases. 

The Fashion Revolution In China: From Offline To Online

This month, Fashionbi celebrates its China opening with a special issue dedicated to Chinese fashion and digital sector. Download a free copy of their 53 page issue here.

Meanwhile Someone Bought A $52 Million Yacht Last Week

Despite the recent shift towards austerity in China, the annual Hainan Rendezvous still attracted high net worth Chinese in the market for luxury yachts. As this Bloomberg TV report shows, luxury car and yacht manufacturers are still making inroads into China. 

China’s First Lady Gives A Boost To Chinese Luxury Brands

With comparisons in Chinese press to Michelle Obama, Carla Bruni and Jackie O, China’s First Lady’s preference for domestic brands is giving a boost to both the visibility and sales of Chinese luxury brands.

Chinese Tourists Prefer Shopping Over Sight-Seeing

Chinese spend an average of $15,000 when traveling in Europe. This Bloomberg video segment highlights the continued preference by Chinese for making luxury purchases overseas.

Chinese Tourists Concerned Over Safety In France

Over 1 million Chinese visited France last year. However, with the speed in which word of mouth travels in China, recent attacks on Chinese tourists in Paris have French tourism authorities pledging to ensure their safety or risk losing valuable tourism dollars.

Where Are The Wealthy Chinese Moving To?

According to the Wall Street Journal, an American passport can be a costly accessory-with U.S. citizenship come U.S. taxes. The WSJ’s Wei Gu explains why some wealthy Chinese are becoming citizens of cash-strapped European countries and wealthy Asian cities.

Chinese Tourists, Instant Noodles and Social Media

This week’s cautionary tale for the tourism industry involves an allegation that an upscale resort in the Maldives intentionally removed hot water kettles from the rooms of Chinese tourists in order to discourage them from eating instant noodles at the expense of the hotel’s restaurant business.  What began as a post on an online forum has quickly become a social media nightmare for the resort and the Maldives as a destination.