News

Chinese Wines Could Soon Be Available In British Supermarkets

Recent media reports have stoked fears that insatiable Chinese demand for wine may propel a global wine shortage, but China may actually be poised to start exporting more of its own vintages to the rest of the world. According to a recent report by The Drinks Business, two “major” UK […]
Chinese Wines Could Soon Be Available In British Supermarkets
News

Luxury Brands In China Face Four Major Challenges

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 […]
Luxury Brands In China Face Four Major Challenges
Lifestyle

How Volkswagen, BMW, And Chrysler Are Navigating China’s Tricky Luxury Market

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 […]
How Volkswagen, BMW, And Chrysler Are Navigating China’s Tricky Luxury Market
Lifestyle

Switzerland Is Reinventing Itself To Accommodate Wealthy Chinese Tourists

[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 […]
Switzerland Is Reinventing Itself To Accommodate Wealthy Chinese Tourists
Lifestyle

Chinese Luxury Spending Plummets At Home As It Skyrockets Abroad

[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 […]
Chinese Luxury Spending Plummets At Home As It Skyrockets Abroad
Lifestyle

Wealthy Chinese Diners Are Spending Hundreds Of Dollars On Feasts Inspired By Classic Literature

[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, […]
Wealthy Chinese Diners Are Spending Hundreds Of Dollars On Feasts Inspired By Classic Literature
Lifestyle

Tesla Will Open Its First Dealership In China This Year

[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 […]
Tesla Will Open Its First Dealership In China This Year
Lifestyle

The Coolest New Status Symbols Among China’s Wealthy Are Old Cars And Grand Pianos

[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 […]
The Coolest New Status Symbols Among China’s Wealthy Are Old Cars And Grand Pianos