With summer tourism approaching and international travel restrictions shifting minute-to-minute, many countries will see spurts of international visitation this summer. However, we are not likely to see an immediate full scale return of Chinese tourists given the current quarantine requirements for reentry to China, as well as concerns about recent COVID outbreaks in Asia. C2 Global surveyed 1,107 Chinese consumers in April…
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Luxury brands such as Hermès have recently focused on physical retail in Tokyo. Image credit: Hermès By NORA HOWE Cases of COVID-19 are rising across Asia again, forcing governments to order new lockdown restrictions in markets that have experienced the quickest economic recoveries since the start of the pandemic. South Korea is seeing the highest number of infections since…
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Tiffany & Co.’s direction is likely to shift under LVMH’s guidance. Image credit: LVMH By ELLEN KELLEHER French luxury conglomerate LVMH Moët Hennessy Louis Vuitton wasted no time making leadership changes at Tiffany & Co. following its acquisition of the U.S. jeweler, a sign that things are about to change for the iconic brand. A push into China,…
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Farfetch the key to Richemont and Kering’s ecommerce growth in China? Image credit: Farfetch By ELLEN KELLEHER Online retailer Farfetch is teaming with Chinese ecommerce giant Alibaba and Swiss luxury group Richemont with the hopes of expanding its global reach, particularly in the world’s largest luxury market. Alibaba and Richemont each plan to invest $1.1 billion in London-based Farfetch, which will be launching on Alibaba platforms…
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Customers purchase cosmetics at a duty-free shop in the Hainan Province of China | Source: Getty Images The decline in international travel has hit duty free retail hard this year, but sales to domestic travellers in China with nowhere else to go are booming. SHANGHAI, China — The duty free market is usually fuelled by Chinese…
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A shopper browses handbags and wallets inside a Furla SpA store in Hong Kong | Source: Getty Images A global pandemic is bad news for any number of businesses, but for Chinese daigou agents, strict travel limits and tighter regulations are putting the future of their entire industry at risk. SHANGHAI, China — When Xiao Xiang…
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With mounting pressure to perform due to COVID-19, brands have slowly warmed up to working side by side with daigou. Photo: Shutterstock. Beijing office worker Cheryl Chen works with at least five different daigou on her WeChat. Some are brand-specific (like one who hunts for unique Chanel collections or niche brands like By Far), and others are country-specific,…
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A fast-paced webinar from China Luxury Advisors, Jing Daily and YouWorld exploring the rise of Social Selling in China and its impact on cross-border e-commerce in a post COVID-19 world. This hour-long session drew insights from more than 200 Daigou shoppers surveyed by CLA during April, to develop actionable intelligence into the impact of COVID-19…
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A webinar from China Luxury Advisors, Jing Travel, Move The Mind, and Content Commerce Insider that explored innovative digital solutions for museums to inspire, engage, and delight Chinese consumers. Speakers:• Renee Hartmann, Co-Founder, China Luxury Advisors• Jessica Dai, Cultural Lead, China Luxury Advisors• Sky Canaves, Editorial Director, Content Commerce Insider• (Moderator) Peter Huang, Managing Editor,…
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With over 150 million Chinese travelers recently cancelling their domestic & international trips due to coronavirus, the tourism industry – worth 10 percent of global GDP – is being hit hard. As a result, global human interactions are being pushed online; a transformation that took off in China years ago. Cultural institutions and tourism professionals now…
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