China veteran Tom Doctoroff will join the electric vehicle startup Evelozcity in Los Angeles as head of marketing and leaves his current position at Prophet, he announced, according to Marketing-interactive. The company will get a more sexy name down the road.

The China’s luxury Consumer Price Index (CPI) rose 3.6% on a yearly basis in 2017, both based on more wealthy Chinese, and an uptick in the money they spend. Chief researcher of the Hurun China rich list Rupert Hoogewerf says expenditure on real estate, Tesla and Baijiu going up, he tells in Asia Times.