Alibaba Goes Global to Top $5.7 Billion on Singles’ Day

Alibaba headquarters | Source: Reuters

Alibaba Group Holding Ltd. turned an obscure Chinese holiday into the country’s biggest shopping event. Now it’s aiming to take the success of Singles’ Day global by tapping foreign brands, including Calvin Klein and Blue Nile Inc.

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In China, Hangzhou Brands Face Identity Crisis

JNBY Fall/Winter 2012 | Source: JNBY

Hundreds of women’s fashion businesses, born in the mid-1990s in Hangzhou, China, based their success on mediocre, embellished copies of global best sellers, cheap commercial distribution, and high margins. But in today’s highly competitive China market, where brand matters more than ever, Hangzhou labels face a serious identity crisis. BoF reports.

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Versace takes a stand, Luxury funds outperform, Hangzhou’s savvy, Bow ties boom, The Royal Frock

Versace Jeans Couture | Source: Denim Therapy

Why Versace is putting workers’ health before style (Independent) “Italy’s style capital has become the unlikely focus of a battle to save some of the world’s poorest textile…Versace… Announced that it was throwing its weight behind a campaign to end sandblasting – a manual process used to produce trendy worn-look denim – but which campaigners claim destroys workers’ lungs.” ‘Luxury funds’ are in vogue (JoongAng Daily)

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