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The China Edit | Cross-Border E-Commerce, Foreign Media Ban, Economic Airbrushing

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.
Elle China | Source: Hearst Magazines China
By
  • Kate Abnett

"Cross-Border E-Commerce Is Luring Chinese Shoppers" (McKinsey & Company)
"Cross-border consumer e-commerce amounted to an estimated 259 billion renminbi ($40 billion) in 2015, more than 6 percent of China's total consumer e-commerce, and it's growing at upward of 50 percent annually."

"Will China's New Foreign Media Ban Cause Big Problems for Fashion Magazines?" (Jing Daily)
"A new Chinese government regulation that bans foreign companies from publishing content online has spurred a discussion of its implications for news sites, but many fashion magazines as well as foreign companies involved with content production are also considering what it means for them."

"As China's Economic Picture Turns Uglier, Beijing Applies Airbrush" (The New York Times)
"As financial and economic troubles threaten to undermine confidence in the Communist Party, Beijing is tightening the flow of economic information and even criminalizing commentary that officials believe could hurt stocks or the currency."

"Alibaba's Ma, Tsai Bolster Buyback With $500 Million Purchase" (Bloomberg)
"Alibaba Group Holding Ltd. chairman Jack Ma and vice chairman Joseph Tsai will bolster the company's share buyback as they agreed to spend $500 million of their own money purchasing stock in a vote of confidence for the e-commerce operator."

"Probe of Top China Hedge Fund Boss Said Linked to Apparel Maker" (Bloomberg)
"An investigation into Zexi Investment chief Xu Xiang is examining whether he and the chairman of Shanghai Metersbonwe Fashion & Accessories Co. conspired to manipulate Metersbonwe shares ahead of last summer's market rout."

"30 Millennials Under 30 in Asia Who Are Changing E-commerce and Shopping" (Forbes)
"Meet the inaugural retail and e-commerce 30 Under 30 Asia class of 2016."

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