"Lane Crawford and Other High-End Stores Are Getting Personal in Their Battle Against Online Shopping Sites" (South China Morning Post)
"Luxury companies respond to the growing influence of e-commerce with specialised services and distinctive concepts designed to draw customers through the doors."
"Children of the Yuan Percent: Everyone Hates China’s Rich Kids" (Bloomberg)
"The fuerdai, China’s second-generation rich kids, are the most loathed group in the country. They’re also its future."
"China Slowdown Weighs on Hong Kong Luxury Rents" (The Financial Times)
"Rents in what were the world’s most expensive shopping streets have dropped by as much as 40 per cent as the impact of China’s slowing economy on Hong Kong’s once-booming luxury goods industry deepens."
"Bank of China Ordered to Release Counterfeiters' Records" (Associated Press)
"A New York judge has ordered the Bank of China to hand over detailed information about Chinese bank accounts used by a counterfeiting ring that allegedly sold millions of dollars of fake Gucci handbags and wallets in the US."
"Alibaba to Open Offices in Europe as US Expansion Continues" (Bloomberg)
"Alibaba Group Holding Ltd. will open offices in three European countries and expand further in the US, as it seeks to revive growth and reassure jittery investors."