Affluent Category

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
Chinese President Xi Jinping’s Mar-a-Lago meeting with his US counterpart Donald Trump generated a buzz over their glamorous wives – one a former singing star and the other a supermodel. Read More
It only takes a few small steps to establish a good relationship with Chinese tourists who arrive in Italy with the specific aim of going on a shopping spree of luxury goods.Read More
Chinese tourists spent 12% more travelling abroad in 2016 than in 2015, according to figures from the UN World Tourism Organisation.Read More