Luxury Tag

Swiss watch exports to the US fell 0.4 % in November, by contrast, sales surged 40 % for the month in China - the biggest jump in almost three years.Read More
Chinese consumers accounted for 21 percent of the global luxury goods market in 2016, making the country the second largest luxury market in the world.Read More
As Western retailers and luxury brands look to attract the next generation of shoppers, they need only look to China, who’s younger consumers and millenials are snapping up luxury products faster than one can say ‘Gucci’.Read More
In 2018, luxury brands face the question of how Chinese consumers’ mentalities and behaviors will evolve.Read More
Customised travel services are experiencing a surge in popularity, forcing China’s travel agencies to place a strong emphasis on the quality of travel itineraries to retain customers, according to the latest Hurun Report.Read More
Consumers are shifting their behaviors, however, and increasingly inclining towards digital channels. Read More

Posted On September 14, 2017By StefanIn Payments, News, China Outbound, Luxury, Shopping

AliPay pushes into US Retail

Major Chinese mobile wallet Alipay has partnered with luxury fashion retailer Rebecca Minkoff to enable Chinese tourists in the US to make purchases at all Rebecca Minkoff retail locations — including New York, Chicago, Los AngelesRead More
China’s rising unmarried population has been a center-of-attention social phenomenon for the past five years.Read More
Chinese mainland travelers are a major driving force for global tourism, according to a report released by China's leading online travel agency Ctrip and a Chinese think tank, the Center for China and Globalization.Read More
Some luxury brands have approached the trend towards e-commerce with a degree of trepidation, but ultimately it seems no one can resist succumbing to the allure of online retail.Read More