As consumption slows and global pricing differences become more transparent, strategies that price luxury goods significantly higher in China are unsustainable.
The outlook for the luxury goods industry darkened on Friday as poor results from industry leader LVMH showed how the strong euro and political protests in Hong Kong were major factors curbing spending by Chinese and Russian customers.
As costs rise in Asia, once famine-plagued Ethiopia is emerging as a production center for labour-intensive products from shoes to T-shirts to handbags.
SHANGHAI, China — Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a U.S. initial public offering that could value the firm at around $140 billion.
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
MILAN, Italy — Italian luxury leather goods maker Salvatore Ferragamo expects group results to improve in the second half of 2014 from the first six months on the back of strong demand in China and in global travel retail, its chief executive said on Sunday.
Divia Harilela speaks to Rupert Sanderson and Hong Kong-based entrepreneur Bertrand Mak, who owns 100 percent of the brand’s China business, about the challenges of launching a niche label in the world’s largest luxury market.
HONG KONG, China — Tencent Holdings Ltd. allowed users of its WeChat instant-messaging app to sell goods online, bringing Asia’s largest Internet company into closer competition with China’s e-commerce giant Alibaba Group Holding Ltd.
As director of luxury retail at Savills, one of the world’s largest real estate firms, Beijing-based Timothy Coghlan connects Chinese landlords and international fashion brands to help broker deals for new retail stores in the world’s largest luxury market.
BEIJING, China — Tencent Holdings Ltd, China's biggest listed tech firm, is ratcheting up its profits on smartphones as it transplants its strength in social networking and gaming onto mobile. Now it aims to repeat that for new business ventures.
BEIJING, China — Richard Liu, who runs JD.com Inc., the Chinese e-commerce site backed by Asia’s largest Internet company Tencent Holdings Ltd., is poised to become a billionaire following an initial share sale in the U.S.
HONG KONG, China — Alibaba Group Holding Ltd's plans for a giant initial public offering in New York highlight vast potential for e-commerce in China - and the weak link the logistics industry must fix if explosive growth projections are to be reached.