Author Archives: CLD-Admin

The cosmetics giant Estée Lauder released its 2020 fiscal year results on August 20, and the New York-based company reported net sales of $14.3 billion for its fiscal year, ending June 30, 2020, which was a 4-percent drop from $14.86 billion in the year prior. The company’s net earnings amounted to $680 million compared to […]

E-commerce giant Alibaba reported better-than-expected revenue during the first quarter (ending June 30), thanks to online economic growth fueled by COVID-19-related quarantines and businesses scrambling to adopt the group’s cloud computing services. Group-wide revenue amounted to $21.8 million (154 million yuan) for Q1, which was a 34-percent increase year-on-year. Meanwhile, revenues from its China commerce […]

What happened: A new round of successful trials is putting China on track to become the first country to launch a digital currency. The transition to a fully-digitized legal tender should be relatively painless for China’s citizens, who already use apps like WeChat Pay and Alipay to make most of their payments. But the renminbi-backed currency […]

This post originally appeared on Azoya, our content partner.  The concept of private traffic has generated much buzz amongst marketing circles in China over the past few months. Private traffic, or private domain traffic, is traffic that comes from the brand’s own curated channels and tends to be more sticky. The most common example is […]

Fashion during recessions tends to sober up and go quiet. With unemployment on the rise and social inequality worsening, even the rich and carefree theoretically want to hide their wealth. At least, that’s what happened after the 2008 economic crisis. In 2009, catwalk styles in the world’s fashion capitals made a drastic shift away from shiny, […]

What Happened: The Chinese lingerie brand NEIWAI announced its new global ambassador, Faye Wong, on August 19, ahead of the brand’s Tmall Super Brand Day on September 25. In the announcement poster, the 51-year-old Wong sports a 999-yuan (about $144) purple merino wool turtleneck, while casually looking down, hands in her pocket. By the end […]

The days when Hong Kong was the envy of the world seem long gone. In fact, after months of ongoing violent protests, rising unemployment, a pandemic, and ensuing government lockdowns, Hong Kong’s appeal is starting to vanish. Furthermore, the arrival of an unanticipated recession (Hong Kong’s economy shrank 8.9 percent in its worst contraction on […]

What Happened: On August 18, Alimama — Alibaba’s marketing, technology, and big data platform — released an insight report profiling Chinese fashion trends and consumer behaviors. The report found that China’s Gen-Z made up 30 percent of Alibaba’s total consumption, increasing by over 400 percent year-on-year. The study is further proof that this age bracket […]

This post originally appeared on Content Commerce Insider, our sister publication on branded entertainment. Following in the footsteps of rival JD.com, mega-retailer Suning is making a bigger push into content and high-end commerce with recent bold moves. Suning is best known as a mass-market bricks-and-mortar retailer focusing on home appliances and consumer electronics (akin to Best Buy […]

Chinese e-commerce giant JD.com beat analysts’ expectations over the second quarter of 2020 (ending June 30) by logging $720 million (5 billion yuan) in income. During Q2, the company’s revenue grew by 33.8 percent to $ 28.5 billion (201 billion yuan) year-on-year. The sales of general merchandise products and services increased 45.4 percent to $9.1 […]