Category Archives: luxury

Quality key for China´s young consumers – Ben Cavender

Going cheap is no longer the prevailing trend among China´s consumers, as especially the younger ones, who have traveled a lot, look for good quality, says retail analyst Ben Cavender in the International Business Times.

Against the trend: La Perla opens store in Hong Kong – Wei Gu

Retail in Hong Kong faces a crisis now mainland shoppers vote with their feet. But Italian luxury lingerie brand La Perla opens a new flagship store in the embattled city. WSJ wealth editor Wei Gu tells in the Wall Street Journal what is happening.

Shanghai: most expensive for luxury goods – Wei Gu

When you want to buy luxury goods in Asia, better not do it in Shanghai. China´s second largest city has become the most expensive, writes WSJ wealth editor Wei Gu in the Wall Street Journal, based on the the 2015 Lifestyle Index by Swiss private bank Julius Baer.

How do China´s rich spend on charity? – Rupert Hoogewerf

China´s rich are perceived to be stingy when it comes to charity, but they do spend. Rich List Hurun founder Rupert Hoogewerf published his annual top-100 Philanthropists and explains to Barrons how they spend their givings. Jack Ma again keeps the top position.

Strategies to survive the anti-corruption drive – Rupert Hoogewerf

The anti-corruption campaign by President Xi Jinping has hit entertainment and the gift industry hard over the past years, tells Hurun Rich List founder Rupert Hoogewerf in the Financial Review and details the fallout. “We have seen the emergence of the so-called affordable luxury brands like Coach or Michael Kors.

Luxury consumer price index drops – Rupert Hoogewerf

Prices of luxury consumer goods have dropped for the first time in eight years, according to the Hurun Luxury Consumer Price Index, an annual study that gauges levels of top-end individual spending in China , writes the China Daily. Lowering of the prices is one of the reasons, says Hurun founder Rupert Hoogewerf.

Art and travel, the new status symbols – Shaun Rein

Spending patterns of the super-rich have change a lot, tells business analyst Shaun Rein at CNN, Now they focus on both art and exclusive travel. Sales of luxury goods are dropping, and many blame Xi Jinping´s anti-corruption drive, but the rich just make different choices, says Rein.

China´s ultra-rich prefer experience over goods – Shaun Rein

Fast moving changes among China´s ultrarich, business analyst Shaun Rein noted when he recently joined a millionaire on a trip to South Africa. Travel is hot for the rich, sharing their experiences over WeChat. Bling is out, feeling good is in, he tells at CNN.

Japan tourism catching up among Chinese – Shaun Rein

The Fukushima disaster and a flare of nationalism made a dent in Japan´s position as favorite tourist destination for Chinese. But, helped by a slumping currency, Japan is back on the agenda for Chinese tourists, tells business analyst Shaun Rein in Japan Times.

How the China brand is becoming aspirational – Shaun Rein

“Made in China” stood for cheap and bad quality. But times are changing, very fast, as Chinese luxury brands become aspirational, tells branding expert Shaun Rein, author of The End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia at the BBC.