Jack Ma establishes a “digital bridge” between China and Italy

Posted by Newsdesk
On 3rd May 2016
Alibaba, china, digital bridge, Italy, Jack Ma, luxury, wine

Italian Prime Minister Matteo Renzi met with Alibaba executive chairman and founder Jack Ma at April 2016 Vinitaly international wine fair to announce a commercial partnership between the Chinese e-commerce giant and the Italian wine industry. Held in Verona, Italy, the 50th edition of the prestigious event was the first to be visited by a […]

Luxury brands add more Chinese elements to their products

Posted by Newsdesk
On 9th January 2016
brands, china, elements, luxury

As the market of luxury brands in China is rapidly growing, Chinese customers now purchase approximately half of all the luxury goods every year, which makes China a market no company can oversee. Due to the enormous purchasing power of the customers from the Middle Kingdom, luxury brands are doing more to appeal to the […]

Chinese customers now account for 31 % of global luxury shopping

Posted by Daniel Meesak
On 16th November 2015
china, europe, growth, hong kong, luxury, macau, shopping, spending, tax free, trend

According to Bain & Company’s 2015 Worldwide Luxury Report, Chinese customers represent the largest group of customers for luxury products, holding a 31 % share of luxury shopping globally, followed by the United States (24 %), and Europeans (18 %). Despite that, Bain & Company reports that Asia performed historically poorly in the luxury market, […]

#1: 7 reasons why the Chinese will boost the global tourism industry

Posted by Newsdesk
On 16th October 2015
chinese, cotri, luxury, shopping, spending, tourism, tourists

China has become the largest source of travel in the world, with traveller numbers up 20% to 109 million in 2014. However, the prospects of the outbound Chinese tourism industry have been put into question as the overall economic performance of China in 2014 and the first half of 2015 was characterised by a slowing […]

Sell to the Chinese, just not in China

Posted by Newsdesk
On 8th September 2015
arlt, australia, china, cotri, destination, japan, luxury, melbourne, retail, sydney, tourism

‘Sell to the Chinese, just not in China’ is the new motto for the luxury companies. Already 12% sold in the world are sold in China. However, some estimates indicate that half of the luxury products purchased in the world are purchased by Chinese buyers. Europe is benefitting, as the weak euro makes shopping and […]