The anti-corruption campaign by President Xi Jinping has hit entertainment and the gift industry hard over the past years, tells Hurun Rich List founder Rupert Hoogewerf in the Financial Review and details the fallout. “We have seen the emergence of the so-called affordable luxury brands like Coach or Michael Kors.Read More →
Japan´s fashion brand Uniqlo is already leading in the China market over its Western competitors, and its link with Disney might give it an extra advantage, says retail analyst Ben Cavender in MarketWatch.Read More →
Prices of luxury consumer goods have dropped for the first time in eight years, according to the Hurun Luxury Consumer Price Index, an annual study that gauges levels of top-end individual spending in China , writes the China Daily. Lowering of the prices is one of the reasons, says Hurun founder Rupert Hoogewerf.Read More →
Spending patterns of the super-rich have change a lot, tells business analyst Shaun Rein at CNN, Now they focus on both art and exclusive travel. Sales of luxury goods are dropping, and many blame Xi Jinping´s anti-corruption drive, but the rich just make different choices, says Rein.Read More →
Fast moving changes among China´s ultrarich, business analyst Shaun Rein noted when he recently joined a millionaire on a trip to South Africa. Travel is hot for the rich, sharing their experiences over WeChat. Bling is out, feeling good is in, he tells at CNN.Read More →
For veterans the 30% drop of Chinese stock markets last week was not really a surprise, but this time especially young inexperienced investors have been hit hard, tells business analyst Shaun Rein author of The End of Copycat China. Over the past month 7 million new accounts were created, mostly by investors under 30 years. That might his consumer confidence, says Rein.Read More →
“Made in China” stood for cheap and bad quality. But times are changing, very fast, as Chinese luxury brands become aspirational, tells branding expert Shaun Rein, author of The End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia at the BBC.Read More →
Gone are the days when China´s rich moved to the same Gucci stores to purchase the same bling bags. For travel organizers these trends to individual choices creates a group of very demanding, but also very lucrative customers, says business analyst Shaun Rein in TTGAsia.Read More →
The Antarctic and the Maldives are just two of the travel destinations preferred by China´s rich, who increasingly book their own trips. Those are just a few of the conclusions of the Hurun Chinese Luxury Traveler 2015, a 40-page report on the travel trends of the Chinese luxury high net worth individual, Hurun founder Rupert Hoogewerf tells Mice News.Read More →
The already booming e-commerce in China is getting fast an international leg as internet users discover the advantages of buying goods online abroad, says retail analyst Ben Cavender in the China Daily. And the large e-commerce players quickly grab market share.Read More →
Shaun Rein, one of the leading voices on China´s economic change, will be in the United States, most of July. That means he will be available for lower costs for audiences in the US. He is the author of The End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia and quoted regularly by mainstream media.Read More →
Brands and the origins of brands have come a key consumer trend, retail analyst Ben Cavender told a fruit conference in Shanghai, according to fruitnet.com. The hypermarkets and first-tier cities are out, he said.Read More →