Why is retail giant Suning going for one of Europe´s largest soccer clubs, while other Chinese tycoons went for the smaller fish? It is part of the firm´s global strategy, expending into Europe, says Rupert Hoogewerf, founder of the Hurun China rich list in the International Business Times.
Category Archives: Milan
Retail giant Suning has bought a majority share of Italian soccer club Inter Milan. Soccer expert Rowan Simons suggests in Time that those high-profile purchases might help some egos, but is unlikely to boost soccer in China.
Representatives of the China Speakers Bureau will be traveling to Southern Europe in the second half of April. Stop-overs are scheduled for #Switzerland (Geneva, Lausanne and Zurich), France (#Lyon) and Italy (#Milan). If you are interested to meet one of our people in person, do drop us a line.
Chinese tourists not only boom in numbers, they are much harder to understand, as their wishes diversify. China hospitality expert Roy Graff discusses at the China Weekly Hangout the place of governments, travel agents and the tourists themselves.
Wall Street Journal’s wealth editor Wei Gu discusses with luxury goods veteran Francis Gouten the current slowdown in luxury good sales, and how brands should refocus. Since only a wealthy 3 percent of the Chinese buyers have a passport, Milan and Paris should focus on them, not the large masses. Without giving discounts.
Bored with Hong Kong, Milan and Paris, China’s rich are turning to new places, notably in Africa, writes Wei Gu, luxury editor of the Wall Street Journal in Scene Asia. Botswana, Namibia, South Africa and Zambia are on the agenda. 60,000 visited Africa in the first half of 2012, a jump of 68%.