chinese market news and archive

Luxury brands take another swing at the Chinese market, says Tiffany CEO

After a bumpy few years, luxury brands are re-committing to China's market as a weaker yuan and the US trade war funnel more Chinese high-end spending, Tiffany & Co CEO Alessandro Bogliolo said in an interview. China's luxury market has been on a roller-coaster since President Xi Jinping launched an anti-corruption campaign in 2012 that curbed...

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Business

Alibaba boss calls on Western SMEs to enter Chinese market

Jack Ma, the founder of Chinese online commerce giant Alibaba, on Wednesday urged small and medium-sized Western companies to take advantage of China's expanding middle-class by entering the country's markets. "In the next 10-20 years, we believe there will be half-a-billion middle class people (in China)," he told the UK-China Business Summit,...

Fashion

Chinese online market provides plenty of untapped potential

The Chinese online market is rapidly growing. In 2012, it generated a turnover of 39 billion euros and experts predict that amount will have tripled by 2016. However, only 41 percent of all luxury brands in China are active online and experts say that the brands that do have an online presence, are making mistakes in their efforts to reach...