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.
"Luxury Counterfeits In China Get Sophisticated" (Fast Company)
"Copycat products manufactured in China have long been a headache for luxury brands. But now policing purse designs is getting harder than ever, thanks to a trend toward "tong kuan" or "look-alike" products that mimic the shape of their high-end counterparts but feature phony Western-sounding brand names."
"Watch Out Shanghai: Qing Dao Has Big Ambitions to Become China's Shopping Capital" (Jing Daily)
"Nicknamed "Oriental Switzerland" since German colonization in the 19th century and recently known as the future "Hollywood of China" thanks to Dalian Wanda Group's grand development plans, Qingdao will also soon be transformed into a mecca for luxury shopping in Northeast China."
"Consumers Drive Chinese Internet But Enterprise Use Lags" (China Real Time)
"By some measures, China's Internet dwarfs that of the United States. China has the world's largest Internet population with 618 million users, well over twice as many as in the U.S. China also has the world's largest online retailing industry, with e-commerce giants like Alibaba that sprawl far larger than the likes of eBay."
"This New Startup Touts Uber-Cool Fashion Designs for China's Hippest Hipsters" (Tech In Asia)
Companies like Fab and Fancy carry the torch for US-based startups that turn a designer's eye towards traditional ecommerce, but what's out there in China for customers looking for that one-of-a-kind touch? Maybe nothing of that stature just yet, but Beijing's Yetang, which announced today it raised a seed round of under US$1 million from China's IDG Capital Partners, could reach equally great heights in the future.
"For Software Makers Powering Designs At Fashion Houses, China's The Next Big Market" (Forbes)
The fall collections at Marc Jabobs and Christian Louboutin don't seem to have much to do with software. But with thousands of different items on line, often different from one region to another, the big business of fashion needs to be more automated than you might think.
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.