Affluent Category

They're still coming in droves - but no longer buying in spades. After propping up sales for overseas retailers over the past decade with a shopping-driven tourism agenda, Chinese visitors are no longer returning home with suitcases bulging like before.Read More
Take millennials in China and the United States. If you want insight into Chinese millennials, you’re better off looking to their American peers than their Chinese parents. Read More
In an effort to further spur retail spending by Chinese visitors, five Thai retail operators have finalized an agreement with the travel review site, TripAdvisor, to promote sales directly to consumers. Read More
By 2030, the spending power of consumers residing in China’s lower-tier cities is expected to reach US$9.7 trillion.Read More
It's hard to argue the facts. China's middle class is about 300 million people, with expectations to reach 600 million in the next five years, according to a 2016 McKinsey & Co. report.Read More
JD.com Inc, China's No.2 e-commerce firm, said it would invest $397 million in fashion retailer Farfetch UK Ltd to expand its luxury offeringsRead More
The Ritz Carlton is at the top of the list of the most popular hotel brands for China’s high net worth individuals, according to the Hurun Report. Read More
Despite a sluggish world economy, the expanding group of wealthy Chinese, especially millennials, is showing a bigger appetite for luxury travel, adding a bit to the members' spirit of adventure.Read More
The rise of mobile use has propelled China to its “golden age” in entertainment, according to Mary Meeker’s Internet Trends report, and that’s likely to create a window of opportunity for brands.Read More
Sales in China will take Australian wine to the next level, the CEO of Australian Vintage said Thursday, after partnering with China's largest online wine retailer.Read More