Shado Baker
0
All posts from Shado Baker
Shado Baker in Asian Markets,

The China Edit | Digital Skills, Hong Kong Jewellers, Alibaba Falls

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.

Jewellery store, Hong Kong | Source: Shutterstock

"Luxury Brands Need to Harness Their Digital Skills to Ride Out the Storm in China" (The Telegraph)
"Bosses of the world's luxury groups may be sanguine about the prosperity of their customers but Chinese shoppers are becoming savvier about where to spend their millions."

"As Sales Slump, Hong Kong’s Luxury Jewelers Think Local" (The Wall Street Journal)
"Hong Kong businesses, which used to focus their advertising predominantly on mainland tourists, are now setting their sights on Hong Kongers themselves in an effort to make up for sluggish sales as cross-border visits are drying up."

"Alibaba Falls After Barron’s Suggests Decline, Company Rebuts" (Bloomberg)
"Alibaba Group Holding Ltd. shares fell Monday, the first day of trading since a Barron’s magazine article on Saturday suggested the Chinese Internet company may lose another 50 percent of its value."

"Swatch CEO Plays down China Turbulence" (Reuters)
"Swatch is not worried by economic and market turbulence in China, chief executive Nick Hayek said, noting its sales to Chinese customers will rise when stripping out exchange rate swings."

"Bulgari CEO Sees ‘Very Positive Results’ in China in 2015" (Bloomberg)
"The impact of China’s slowing growth on luxury-goods sales shouldn’t be overstated, according to Jean-Christophe Babin, chief executive officer of Italian jeweler Bulgari."