In China, Hermès Paces Itself

Inside the Hermès maison in Shanghai | Photo: Masao Nishikawa for Hermès

As Hermès opens its first ‘maison’ in China, BoF sits down with Weiming Cao, the company’s president for Greater China to discuss the new store, the company’s expansion strategy and building a multi-local luxury brand.

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As Giant U.S. IPO Nears, Alibaba’s China E-Commerce Crown Slips

Source: Reuters

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.

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