The luxury industry looks carefully on how China´s consumers are changing their attitudes. For AdAge Global Hurun and China rich list founder Rupert Hoogewerf explains that the current downturn in extravagant spending is here to stay.Read More →

Sales of luxury goods dropped in 2013, the third year of decline, and is expected to drop even further in 2014, according to a new Hurun report. “In terms of traditional luxury – leathers, accessories, watches – this year is going to be flat if not a little bit down,” Hurun founder Rupert Hoogewerf tells Reuters.Read More →

China’s laws have not kept pace with its rapidly evolving retail sector. A major overhaul of consumer protection legislation is set to take effect on March 15, 2014. In short the Revision basically changes everything for consumers in China. As always, only time will tell as to how it is implemented but the intent is clear – consumers will be given greater protection, writes Mark Schaub, lawyer at King&Wood and Malleson.Read More →

Apple got after five years negotiating its deal with China Mobile, the world´s largest mobile telecom provider. But according to business analyst Shaun Rein it is very unlikely many of the 759 million China Mobile subscribers will fall for Apple´s 4G phones. The top-end users have already signed up subscriptions with for example Samsung, and 80% of the users use 2G and won´t switch easy to 4G.Read More →

Apple got after two years of negotiations its deal with the world’s largest telecom company China Mobile. But the 500 million customers of China Mobile might not all queue up for a 4G deal with Apple, tells business analyst Shaun Rein at Bloomberg. And recent reform plans might not spell well for China Mobile either.Read More →

Retail analyst Shaun Rein expects e-commerce in China to grow 50% year-on-year, giving its leader Alibaba a gigantic headwind, now the industry has won the confidence of the consumers, he tells Bloomberg TV. And pollution forces buyers out of the shopping malls to Alibaba.Read More →