Chinese Govt. Delays Shandong Ruyi’s Acquisition of Bagir

The Chinese government appears to have hit the brakes on the overseas shopping spree of Shandong Ruyi. The Chinese conglomerate has recently demonstrated its ambition to become something of China’s LVMH Group, following its high-profile acquisitions of luxury fashion brands including Bally and SMCP (which owns Maje, Sandro, and Claudie Pierlot). Its next target was …

As Troubled Western Luxury Brands Cry ‘Blame China,’ We Look Deeper

Slashing its prediction of first-quarter 2019 revenue, Apple Inc. became the fourth global retailer to cite slowing demand from China as a key factor in diminished sales and earnings expectations. Apple follows Tiffany & Co., LVMH, and Richemont as firms that since October have specifically invoked problems in China’s economy for their lower-than-expected results or …

As Troubled Western Luxury Brands Cry ‘Blame China,’ We Look Deeper

Slashing its prediction of first-quarter 2019 revenue, Apple Inc. became the fourth global retailer to cite slowing demand from China as a key factor in diminished sales and earnings expectations. Apple follows Tiffany & Co., LVMH, and Richemont as firms that since October have specifically invoked problems in China’s economy for their lower-than-expected results or …

Stock Market Volatility Likely to Continue in 2019, Impacting Luxury Brands

With the Dow Jones Industrial Average ending 2018 seeing the first weekly gains since the end of November, luxury investors should brace for more stock market turbulence in the year ahead. A variety of factors, including rising interest rates, a government shutdown and the U.S.-China trade war, have adversely impact impacted Wall Street this December. As a whole, …

7 Bold Trends Shaping Chinese 20-Something Consumers

For luxury brands wanting to sell to 90s-born consumers in China, it’s important to first understand their world. Inspired by insights from a lifestyle report released last week by the Shanghai-based data company CBNData that attempts to pinpoint sales trends within this generation, Jing Daily has highlighted seven hot buzzwords/trends that offer a clearer description of …

Major WeChat Trends Brands Can’t Ignore in 2019

In 2018, we have seen Tencent aggressively pushing advertising options on luxury brands on WeChat — nearly 90 percent of companies placing ads on WeChat over the past year marked their business as “luxury,” a trend that’s likely to continue in 2019. As luxury brands continue and update their WeChat strategies in the new year, …

In China, ‘Information Cocoons’ Eclipse ‘the Big Idea’

The ‘big idea’ has long been the traditional core of advertising and how entire campaigns are organized but it seemed to have lost its luster in the new age of socialized marketing and new consumer behaviors in China. We were at GDMS, a 4000-strong conference held in Shanghai last week, where nobody is betting on …

5 Radical Predictions for China’s Luxury Industry in 2019

For the luxury industry in China, 2019 will likely be a year of turbulence. Macro factors like ongoing U.S.-China trade disputes and China’s economic slowdown will surely shape the landscape. The main challenge for brands is to realize how radically the situation has already changed and to remain mindful of the micro effects in this …