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Is Time Running Out For Luxury in China?

January 25, 2016 By Deng Yuanyuan and Li Hui

Luxury brands have never had it this bad in China. For most of them, China is no longer the cash cow it once was. Multiple reports suggest that the luxury retail business in China is shrinking. The top 10 global luxury brands as per Millward Brown’s latest BrandZ report—a list that includes names like Louis Vuitton, Hermes, Gucci and Chanel—saw 6% of their total brand valuation evaporate in 2015, and China is partly to be blamed. Already the likes of Louis Vuitton, Armani, Prada and Chanel have started shuttering stores in China. But all is not lost and luxury can still make a comeback in China.

Filed Under: All Articles, Branding, Consumers, eCommerce, Infographics, Know China Tagged With: Luxury Brands, luxury consumers, Luxury Goods

China Data: A Milestone for RMB Internationalization

March 9, 2015 By CKGSB Knowledge

Essential numbers on China: from the RMB internationalization to the contraction in the luxury market, growth in e-commerce transaction value, and more

Filed Under: All Articles, Automobile Industry, Best Practice, Consumers, Finance, Infographics, Know China, Logistics, Retail Tagged With: Chinese Outbound Investment, Infographic, Logistics, Luxury Goods, Peugeot, Retail, Slider, Telecommunications, Wanda, ZTE

China Roundup: Bitcoin Prices Plunge; Luxury Market Slows Down; and Housing Prices Rise

December 20, 2013 By Major Tian

The week that was: luxury retail in China slows down as the government’s anti-corruption measures take effect; over-the-counter exchange markets widen their reach; housing prices rise; and bitcoin prices nosedive. China broadens OTC exchange nationwide More small and medium-sized companies will have access to China’s over-the-counter (OTC) exchange market, as the Chinese State Council announced […]

Filed Under: All Articles, China Round-up, Digital Economy, eCommerce, Finance, Know China, Real Estate, Retail Tagged With: Alibaba, Bitcoins, China Securities Regulatory Commission, Housing Prices, Luxury Goods, Retail, Slider, Wanda

China’s Luxury Market Grows in Lower-Tier Cities

July 10, 2013 By Neelima Mahajan

Ogilvy & Mather Chief Knowledge Officer Kunal Sinha believes that China’s lower tier cities hold the key to the country’s growth If you thought that China is all about big cities like Beijing, Shanghai and Guangzhou, think again. The next big areas of growth are lower cities in China’s interiors. With 200 million households, rising incomes […]

Filed Under: All Articles, Best Practice, China, Consumers, Demographics, Employment, Know China, Retail, Videos Tagged With: Consumers, Kunal Sinha, Lower-Tier Cities, Luxury Brands, Luxury Goods, Slider, Urbanization

Can Shanghai Tang Become the definitive Chinese luxury brand?

April 9, 2013 By Ambika Behal

  What luxury clothing retailer Shanghai Tang’s ascent means for made-in-China luxury brands that play up their Chinese identity. Nestled in a three-storied building on Hong Kong’s hip Duddell Street is Chinese luxury clothing retailer Shanghai Tang’s 1,400 square meter flagship store, the largest it has globally. ‘Shanghai Tang Mansion’ as this store is called is, in […]

Filed Under: All Articles, Best Practice, Branding, Consumers, Creativity, Culture, Know China, Management, Retail, Society Tagged With: Branding, Chinese Luxury Brands, David Tang, Luxury Brands, Luxury Goods, Made in China, Richemont, Shanghai Tang, Slider

The New Big Spenders

November 16, 2012 By Matthew Jukes and Yan Ruiying

Luxury brands change tactics to drive sales in tier-two and tier-three cities   Just a decade ago, Jiefangbei Pedestrian Street in downtown Chongqing was a bustling hub of cheap goods and low-end domestic brands. To see a woman stroll down the street toting a Louis Vuitton bag wouldn’t have been unbelievable: everyone would have just […]

Filed Under: 2012, All Articles, Best Practice, Branding, China, Consumers, Marketing Tagged With: Lower-Tier Cities, Luxury Brands, Luxury Goods, Slider, Tier-2 Cities, Tier-3 Cities

“New luxury” and the rise of a Chinese luxury clothing brand

March 12, 2012 By CKGSB Knowledge

Mao Jihong, founder and president of Mixmind Art & Design Co., Ltd., is known internationally for establishing the first and most successful Chinese luxury brand Exception de Mixmind. Mao’s success stems from his engagement with Chinese culture, and his persistence in establishing an authentic value and aesthetic system that is original yet with international appeal. […]

Filed Under: 2012, All Articles, Best Practice, Branding, Consumers, Know China, Marketing, Retail, Videos Tagged With: Chinese Luxury Brands, Chinese Private Sector, Exception de Mixmind, Fashion, Luxury Goods

China’s globalization efforts move full steam ahead

February 28, 2011 By CKGSB Knowledge

While throngs of Chinese shoppers are buying up Louis Vuitton bags, iPhones and Rolex watches as fast as they can get their hands on them, more Chinese firms abundant with capital are also rapidly buying foreign companies amid the stagnating US and European economies. This trend shows no signs of slowing down. State-controlled energy giants […]

Filed Under: 2011, All Articles, Chinese Economy, Connections, Economy, Emerging Economies, Policy and Law Tagged With: Ernst & Young, Foreign Acquisitions, Haier, Luxury Goods, Sinopec, State Capitalism

New challenges and opportunities for MNCs in China

July 29, 2010 By CKGSB Knowledge

MNCs in China are facing more difficulties amidst increasing competition, and they feel they are losing advantage. How can they find their way out of this? In December, French dairy giant Danone SA announced its suspension of its Shanghai yogurt production factory, although it will continue operations of its Beijing factory. A spokesperson for the […]

Filed Under: 2010, All Articles, Best Practice, Connections, Finance, Globalization, Policy and Law, Strategy Tagged With: BestBuy, Dairy, Danone, GE, General Motors, Luxury Goods, MNC, Motorola, Nestle

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Information, analysis, and interviews about the Chinese economy and doing business in China, from the people who know it best. Presented by the Cheung Kong Graduate School of Business, China's leading business school.


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