Tag Archives: WSJ

China’s Luxury Boom Moves to the Web

China’s luxury boom is going online. As the overall sector struggles amid a government crackdown on ostentatious spending and gift-giving, the urge to splurge online is growing strong, according to a study by consulting firm KPMG. KPMG found in a … Continue reading

Posted in E-Commerce, Jewelery, Luxury, Wealth | Tagged | 1 Comment

The Finer Art of Faking It : Counterfeits Are Better Crafted, Duping Even Sophisticated Shoppers

Even in counterfeiting, the quality improvements of the products has been non stop. The luxury market is growing at an astonishing rate , and the thirst for “bargains” never stops. This counterfeiting is especially worrisome for the mass luxury groups , as the buyers are looking … Continue reading

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China Gets Angry at Overseas Luxury Shopping Trips

Bloomberg News A man walks past a Cartier store, operated by Cie. Financiere Richemont SA, in Shanghai, China, on Wednesday, Feb. 6, 2013. China’s consumers are coming under fire for doing their shopping overseas at a time when the country … Continue reading

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Taobao Mall

CRT Extra: More on New Taobao “Mall” Site A plan to re-brand and expand the business-to-consumer platform of Alibaba Group’s online retail platform Taobao.com could lead to higher profits for the company (see yesterday’s story in The Wall Street Journal … Continue reading

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The China Opportunity: Younger and Richer

China is the land of promise for luxury brands. A recent HSBC survey, the latest survey to support this now popular thesis, reported that demographics is working in China’s favor. Mainland Chinese are getting richer at a younger age compared … Continue reading

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Asia’s Millionaires Outnumber Europe’s – Scene Asia – WSJ

Asia’s growing millionaire class is rising through the global ranks, with Hong Kong’s new wealthy leading the way. Asia boasted 3.3 million high net-worth individuals last year according to the World Wealth Report 2011, released Thursday by Merrill Lynch Global Wealth … Continue reading

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