As the Chinese state media’s recent attack on Starbucks’ coffee pricing in Chinademonstrates, the business environment for a foreign company in the country can certainly be tricky. In order to analyse just what the obstacles are for international brands in China, the U.S.-China Business Council recently released a report listing […]
Chinese contemporary art, impressionist and modern art, watches, and jewels will all be featured at Christie’s first ever mainland auction, which will be held in Shanghai on September 26 at the Jing An Shangri-La hotel. Both Asian and Western art are expected to draw a rapidly growing contingent of enthusiastic […]
China’s slowing economic growth, government and state-run media criticism, and a growing number of competitors entering the marketplace are just a few obstacles faced by top global automakers Volkswagen, Daimler, and BMW in the country’s luxury auto market these days. However, these multiple changing conditions have prompted the companies to […]
According to a new global wealth report.
Striking when the iron's hot.
With a $329 million investment.
Groundbreaking this past weekend.
Pulling out all the stops.
But the businesses still face major challenges.
No more lavish banquets.
After a photo of China's fashionable first lady goes viral.
[credit provider=”Flickr via zoetnet” url=”http://www.flickr.com/photos/zoetnet/4857076027/sizes/z/in/photostream/”] China’s recent economic boom has inevitably seen a sharp rise in the number of wealthy people choosing to spend their newfound wealth travelling abroad.The sight of large groups of Chinese tourists wearing colour-coordinated hats, gathering around a megaphone- and flag-toting tour guide, has become all […]
[credit provider=”Bomoda” url=”http://bomoda.com/”] As always, we take their numbers with a grain of salt, but a new report by the Beijing-based World Luxury Association holds that Chinese consumers spent a relatively spare US$830 million on luxury items domestically from January 20 – February 20, a 53 per cent drop from […]
[credit provider=”Jing Daily” url=”http://www.jingdaily.com/chinas-confucius-entrepreneurs-spend-lavishly-on-literary-feasts/24069/”] The burgeoning interest in traditional culture among China’s newly wealthy, which has manifested in everything from high-priced tea to art, travel and fashion, is expanding into the culinary world as cashed-up entrepreneurs dish out upwards of 1,500 yuan (US$240) apiece for literature-inspired feasts.As the Financial Times writes this week, […]
[credit provider=”www.ExoticSpotter.com” url=”http://www.exoticspotter.com/tesla-roadster-a61-speyer-germany-93053″] Silicon Valley-based Tesla Motors, manufacturers of electric cars, recently announced plans to open 25 more dealerships in 2013 — almost double the 13 it opened last year — with the first new location slated to open this spring in China.According to the company, the remaining dealerships will be roughly […]
[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Boesendorfer_002.jpg”] With many of China’s wealthy elite turning away from public displays of wealth and enjoying high-priced toys within the privacy of their own homes, new status symbols like antique cars and grand pianos are joining the ranks of popular stealth buys.Joining other collector segments that have […]