Luxury goods

Alibaba’s Cainiao Launches Airline between Singapore and Hainan to Meet Growing Chinese Demand for Luxury Goods

Alibaba’s logistics arm Cainiao started running daily freight flights between Singapore and China’s Hainan Island on Sunday to transport duty-free beauty products.

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.

What is Really Behind China’s Insatiable Craving for Luxury Goods?

No matter how much money some Chinese young professionals earn each month, their desire for luxury goods and lifestyle remains unsatiated.

Alibaba and Richemont Form Partnership to Give Luxury Brands Enhanced Access to Chinese Market

Alibaba Group and Richemont, a Switzerland-based luxury goods holding company, announced a global strategic partnership today with the purpose of bringing the retail offerings of YOOX NET-A-PORTER GROUP S.p.A. (YNAP), the world’s leading online luxury retailer, to Chinese consumers.

Gucci Reluctant to Partner with Alibaba and JD.com due to Counterfeit Concerns

Gucci expressed reluctance on the topic of cooperating with Chinese e-commerce platforms led by Alibaba and JD.com due to concerns of counterfeiting scandals, according to Financial Times.

JD Launched Luxury E-Commerce Platform TOPLIFE

With e-commerce platforms competing with each other in luxuries, luxury goods which were out of reach now have become commodities that could be ‘ordered simply on mobile”. Of course, you must have enough money in your bank account. Although before, JD.com hired dama (aged women) as models for luxury goods and the Gucci glasses sold […]

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