Author Archives: CLD-Admin

What happened: Chinese authorities released a comprehensive development scheme for the Hainan free trade port on June 1. The measures formulated include raising annual offshore duty-free quotas for shoppers visiting Hainan island from $4,215 (30,000RMB) to $14,050 (100,000RMB) and expanding categories for duty-free goods. Meanwhile, preferential policies for air transportation will be implemented to increase […]

Following Beijing’s newly proposed national security law, the Guardian dramatically announced that this would be “the end of Hong Kong.” It might seem like an overreaction, but reality shows that Hong Kong has been sinking into chaos since March of 2019. Anti-government protests and COVID-19 have kept wealthy mainland Chinese tourists and investors away from […]

Liu Ting is a post-90 consumer who works at a boutique brand consultancy company in Shenzhen. The unexpected outbreak of COVID-19 forced her company to lay off half of the staff; fortunately her clients stayed but in financial terms, the experience left her in an anxious state of mind. Ting is now making changes to […]

What happened:  E-tailer JD.com kicked off China’s 618 festival today by announcing that sales have already soared across a number of categories. During the four phases of the mid-year shopping event, an estimated 200 million new products will go on sale. This year’s 618 coincides with the 17th anniversary of JD.com and will see the […]

On May 28, Jing Daily’s editor-in-chief, Enrique Menendez, hosted Renee Hartmann, co-founder of China Luxury Advisors; Bo Wang, the chief executive officer of YouWorld; and Yue Jin, a “Personal Product Hunter (PPH)” for a webinar on the rise of social selling in China and its impact on cross-border e-commerce in a post-COVID-19 world. The webinar […]

Many luxury brands are like zombies. They exist, but they can only move forward with a vague desire to feed. But even zombies will die if they encounter an extreme disruption. During the current COVID-19 crisis, I believe that up to 50 percent of today’s luxury brands will collapse. You read that right: up to […]

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 […]

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 […]

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 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 […]