China news and archive

Alibaba said Singles Day sales grew, but it was no bonanza

China's Singles Day, the world's largest shopping festival, concluded with Alibaba reporting positive sales growth, although full results were not disclosed. Fortune estimated the shopping spree's value at 156 billion dollars, a critical contributor to China's fourth-quarter economy, but the event may have appeared to have lost its shine....

Fashion

Chanel hikes prices in China

Chanel adjusted prices for its premium products in China after demand for luxury is waning amidst a drop in consumer spending and revenge shopping in the post-Covid era is over. According the Bloomberg the French luxury brand also implemented price hikes in Taiwan, Thailand, Malaysia, Australia, and Japan, resulting in an overall increase of 6...

Retail

LVMH's DFS Group plans tax free luxury complex in China

DFS Group, a subsidiary of luxury conglomerate LVMH, has revealed plans to build a sprawling shopping and entertainment complex on China's duty-free Hainan Islandm, said Bloomberg. Spanning 128,000 square meters and scheduled for a 2026 launch, the project will house over 1,000 luxury brands, including those from LVMH. Alongside shopping, the...

BusinessFeatured

US imposes import restrictions on three additional Chinese companies with forced labour links

The United States has expanded import restrictions, targeting three additional Chinese companies implicated in using forced labour, particularly involving Uyghur minorities, in an effort to eliminate such goods from the U.S. supply chain. Xinjiang Tianmian Foundation Textile Co Ltd, Xinjiang Tianshan Wool Textile Co. Ltd, and Xinjiang Zhongtai...

Retail

Gucci launches official store on JD.com

Italian fashion house Gucci has announced a digital partnership with Chinese e-commerce retailer JD.com to boost its presence in the region. As part of the partnership, Gucci has launched an official digital flagship store on JD.com, marking the first time the Italian luxury brand has been accessible on the platform as it looks to enhance its...

Fashion

Kenzo chooses Shanghai for first ever show in China

Fashion houses are strategically expanding their outreach by showcasing their collections on both domestic turf and international stages, thereby tapping into broader and more diverse audiences. After Bottega Veneta re-presented its Fall 2023 collection in Beijing, after an initial showing during Milan Fashion Week in February, Kenzo also took...

Fashion |In Pictures

Samuel Ross designs China-inspired Absolut vodka bottle

British fashion designer and founder of A-Cold-Wall Samuel Ross has designed a limited-edition China-inspired Absolut vodka bottle via his industrial design practice SR_A. The one-litre vodka bottles have a limited run of 1,350 bottles and will be available in China through Absolut’s WeChat mini-programme, Absolut Lab. In addition, Ross has also...

Fashion

Bally names Roy Wang as its new global ambassador

Swiss luxury brand Bally has named Chinese singer-songwriter and actor Roy Wang as its new global brand ambassador to reinforce the label’s “multi-generational appeal”. In a statement, Bally said that Wang, who has nearly 100 million followers across social media and is hugely popular across China, would help the brand build upon its “robust...

BusinessFeatured

Harrods to open first private members’ club in Shanghai

Luxury department store Harrods is targeting the ultra-rich in China with its first-ever private members’ club, which will open in Shanghai, complete with an exclusive Gordon Ramsay restaurant. Harrod’s ‘The Residence’ will be located on level two of Cha House in the heart of Shanghai, and will house a bar, lounge, private dining rooms and...

Fashion

Canada launches enquiry into alleged use of Uyghur forced labour by Nike

Nike is facing fresh scrutiny as Canada's ethics watchdog investigates allegations of Uyghur forced labour in the company's Chinese operations. The probe follows complaints filed by human rights groups, reported the BBC. Nike claims it severed ties with the accused companies. The Canadian Ombudsperson for Responsible Enterprise (Core) has...

Business

China's luxury fashion and beauty on the road to post-pandemic growth

Chinese luxury fashion and beauty sales are expected to surpass pre-pandemic levels, reaching 131 billion dollars by 2027, according to a report by BoF Insights, a think-tank at the Business of Fashion (BoF). Two-thirds of luxury purchases will occur in mainland China by 2027, with Chinese shoppers budgeting at least 1,000 dollars for luxury...

Business

China’s rebound and Middle East’s rise to drive luxury market next year

While the luxury market remained fairly consistent throughout the course of the pandemic, the sector is still set to embark on a notable increase as consumers from various regions up their spending. This is according to the ninth edition of the Altagamma Consumer and Retail Insight, a Milan-based event hosted by Altagamma chairman Mattero...