luxury brands Archives

BYD Unveils Two Models Under High-End Yangwang Brand

On January 5, BYD's new luxury electric vehicle brand Yangwang, which had been promoted by the firm for a long time, was officially unveiled. During a media event, the new U8 sports utility vehicle and U9 pure electric supercar were shown.

NIO Plans to Launch Ultra-Luxury Vehicle for Over $144K

A NIO insider familiar with the firm's new high-end vehicle project disclosed that "NIO is going to make its own 'Maybach'."

BYD Plans to Launch Personalized EV Brand in 2023

At a press conference on November 16, Wang Chuanfu, Chairman and President of Chinese EV firm BYD, said that in addition to its new high-end vehicle brand Yangwang, the company will also launch a professional and personalized brand in 2023, which will be built and created together with BYD customers.

Embattled Luxury E-Commerce Platform Secoo Denies Desertion Reports

It was reported that the headquarters of Secoo, a luxury e-commerce platform based in the center of Beijing's business district and once filled with luxury goods, is now empty. Regarding the concerns, Secoo said such reports were not true.

China VC Weekly: Groceries, Resale and Plant-Based Meat

In last week’s China VC news: online grocery platform Dingdong Maicai bags a new tranche in its Series D round, bringing total financing amassed in the round to $1 billion; California-based biopharma firm Kinnate starts a joint venture to expand in China; luxury resale platform GoShare2 rakes in “tens of millions of US dollars” in Series C financing; and plant-based ground pork brand Zrou owner raised $7.3 million in a Series A round of financing.

Hyundai’s Luxury Vehicle Brand Genesis Celebrates Launch in China with Stunning Drone Show over Shanghai Skyline

Global luxury vehicle brand Genesis on April 2 marked its official entry into the Chinese market with a spectacular drone show entitled the "Genesis of Genesis" at the International Cruise Terminal in Shanghai.

China VC Weekly: Batteries, Luxury and Healthcare

EV battery maker SVolt Energy Technology bags a hefty Series A round, luxury brand group Ushopal raises another $100 million to fund expansion plans, and healthcare investor OrbiMed closes a new Asia fund.

Luxury Brands Go Digital in China: What Are the Major E-Commerce Trends in 2021?

With international travel inhibited across the world, luxury brands are seeking new ways to recover from stress on the global economic system caused by the pandemic.

Gucci to Join Alibaba’s Tmall Luxury Pavilion: Global Luxury Brands’ Next Step in China

Gucci opened its first flagship store today on Alibaba’s Tmall, an e-commerce platform for B2C online retail in China.

Amidst Shifting Consumer Trends and Values, Fashion Industry Looks Towards Sustainable Future

The coronavirus outbreak has dealt a severe blow to most industries. The high energy-consuming, labor-intensive fashion industry, however, bears the brunt.

As China Remains Under Quarantine, Luxury Sales Take a Knock

Nike, Adidas, and Capri Holdings, owner of luxury brands Versace, Jimmy Choo, and Michael Kors, have all warned investors this week that as the coronavirus grips China, sales could take a hit.

Gucci Partners With Tencent, Foreign Luxury Brands Bet Big on WeChat

Italian luxury brand Gucci announced a strategic cooperation agreement with Tencent to leverage the Chinese tech giant’s access to abundant data and explore field of smart retail.

Luxury Brands Become Synonymous with Sneakers in China

Four out of the top five most-mentioned brands associated with the “sneaker” hashtag on social shopping app RED during the study period were luxury brand names, the report finds.

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