According to Alibaba Group’s news hub, Alizila, “Chinese consumers are increasingly turning to smart speakers to shop online, instead of their phones.” During Alibaba’s last 11.11 Global Shopping Festival, more than 1 million orders were placed and paid for via Tmall Genie’s voice-shopping feature, and data from Canalys shows that Alibaba sold 3.9 million smart speakers […]
Monthly Archives: May 2020
Capri Holdings Blames COVID-19 for Financial Reporting Delay
The global luxury group, Capri Holdings Limited, has decided to delay releasing its most recent quarterly financial statement for up to 45 days, though they did give investors a positive update on global store openings and Asia’s recovery. The company, which owns Michael Kors, Versace, and Jimmy Choo, originally planned to report results for the […]
Alibaba Attempts to Replicate Taobao Model Overseas
On May 28, Alibaba debuted a most ambitious plan: they want to mobilize 100,000 global influencers — growing this number to over one million within three years — to create original content to increase users and engagement on their B2C marketplace platform AliExpress Connect. According to the company, it’s a first step to replicate Taobao’s […]
ILIAD Catamarans Power Ahead With Strong Sales in First Year
ILIAD Catamarans has made a stunning impression on Asia-Pacific’s yachting scene with nine of the long-range performance power catamarans sold since the brand’s 2019 launch. The ILIAD 50 was the first model produced by the new brand The ILIAD 50 was first of the range to be launched and was unveiled at the 2019 Sanctuary […]
Can China’s Resale Market Threaten Luxury?
Chinese netizen Banlimi (半粒米) loves vintage bags. She browses platforms like Vestiaire Collective, where she frequently finds limited-edition products or unique designs. Meanwhile, the cost-effectiveness of these second-hand luxury products is what’s most attractive to her friend Vincci (桃子小姐). Banlimi explains on Weibo how easy it is to buy used limited-edition Hermès compared to buying […]
How Are Chinese Travel Influencers Handling COVID-19?
So what have Chinese travel influencers been doing as their industry has stalled? And with the May Day holiday representing the first milestone on the Chinese travel industry’s long road to recovery, are Chinese travel influencers starting to get back to “normal”? Canceled trips are the most obvious cost of COVID-19 for Chinese travel influencers, but the […]
CLOT x Rhude Collaboration Drops at a Perfect Time
Hong Kong-based streetwear brand CLOT’s new collaboration with the Los Angeles label Rhude, known for combining luxury techniques with streetwear elements, drops on May 29 at CLOT’s multi-label fashion and lifestyle brand shops, JUICESTORE, in Shanghai, Hong Kong, and LA. The new collaboration, including T-shirts, hoodies and sweatpants, belongs to a capsule dubbed “Double Happiness” […]
Silent-Yachts Sells Four Solar-Electric Catamarans in “Peak of Crisis”
Silent-Yachts has reported four new sales during the last few weeks and says it currently has eight units in build across production facilities in Italy, Thailand and China, where the company builds its Silent 55, a model displayed at the last two editions of the Cannes Yachting Festival. The Bakri Cono Shipyard in Thailand is […]
The Battle Between Niche and Accessible Luxury Brands for Young Chinese Consumers Begins
When Luo Yihan, 21, began her first year at art school in Los Angeles, it was around the same time that she had her first taste for luxury, purchasing handbags from Michael Kors, Coach, and Kate Spade. But over the next couple of years, she lost interest in these brands. Now back in Beijing, as […]
Wellness Is the New Luxury After COVID-19 for China
The culture of excess has defined China over the last few decades. Raised in a highly competitive society and only knowing linear economic growth, China’s younger generations have always prioritized achievement over wellness. But the pandemic and post-virus recession changed this. High-net-worth consumers have pivoted away from buying luxury fashions and toward enhancing physical and […]