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The China Edit | Alibaba's Singles' Day, Thibault Villet, Fosun, MCM

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Jack Ma, Founder of Alibaba.com | Source: Reuters
By
  • Lina Lee

"Alibaba Goes Global to Top $5.7 Billion on Singles' Day" (Bloomberg)
"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."

"Is China Ready for Luxury Fashion?" (Yale Insights)
"Chris Cabot '97, the president of Value Retail China, talked with Yale Insights about how he expanded his company's luxury outlet shopping villages into China. The first step to doing business in China, he says, is to assume you know nothing."

"Thibault Villet: China's Jack Ma for Online Luxury Retailing" (Institutional Investor)
"Alibaba executive chairman Jack Ma may be king of hill when it comes to selling mass merchandise online in China, but French businessman Thibault Villet is the man to talk to when it comes to designer goods."

"Fosun Takes Italian Suitmaker Caruso to New York on Way to China" (Bloomberg)
"Raffaele Caruso SpA, an Italian suitmaker backed by China's Fosun International Ltd., yesterday opened its first store, in New York, the initial step in a plan to create a global retail network for the luxury tailor."

"Sung-Joo Kim on Rebuilding MCM" (The Business of Fashion)
"BoF sits down with MCM's Sung-Joo Kim to talk about wooing the Chinese customer, building the brand beyond its logo and going West."

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