The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
"Meet Yang Li, a Designer Putting China on Fashion's Biggest Stage" (The Washington Post)
"Few of China's designers have moved beyond their local market. Li is part of a new generation of Chinese designers determined to play internationally. And he is aiming at the highest level."
"Tencent Leads $350M Investment In China's Koudai Gouwu, A Mobile-Focused Rival To Alibaba" (TechCrunch)
"Alibaba's record-breaking US IPO may give the impression that the company has the e-commerce market in China sewn up, but there are plenty of fast-growing competitors with an eye on disrupting the top dog. Koudai Gouwu is one such company."
"China's JD.com Starts Operations in $1 Billion Warehouse" (Reuters)
"Chinese e-commerce giant JD.com Inc said it had launched its warehouse and logistics initiative, ahead of China's biggest online shopping event which produced sales of $1.6 billion for the firm last year."
"Qatar Eyes $15bn Asia Spending Spree" (The Financial Times)
"Qatar's purchase of a stake in Hong Kong department store chain Lifestyle International Holdings is the beginning of a potential $15bn spending spree targeting China, Japan and South Korea."
"China's economic growth falls to lowest in 5 years" (The Guardian)
"A further slowdown in China's economy would likely cause some damage to the US economy, analysts forecast."
With consumers tightening their belts in China, the battle between global fast fashion brands and local high street giants has intensified.
Investors are bracing for a steep slowdown in luxury sales when luxury companies report their first quarter results, reflecting lacklustre Chinese demand.
The French beauty giant’s two latest deals are part of a wider M&A push by global players to capture a larger slice of the China market, targeting buzzy high-end brands that offer products with distinctive Chinese elements.
Post-Covid spend by US tourists in Europe has surged past 2019 levels. Chinese travellers, by contrast, have largely favoured domestic and regional destinations like Hong Kong, Singapore and Japan.