Understanding China's Growing Love for Luxury

How Gen Z is influencing the pre-loved luxury market in Asia

According to consultancy iResearch in late 2021, China's second-hand luxury market is estimated to grow to US$30 billion in 2025, up from US$8 ...

Why Chinese people love luxury goods? - China.org.cn

Industry insiders generally agree that China will be the world's fastest growing market for luxury goods and it is expected to share more ...

The surprising reason luxury goods are booming - Vox

Luxury has become democratized and globalized. “As a result,” as Yajin Wang, a professor of marketing at the China Europe International Business ...

Can Shanghai Tang Become the definitive Chinese luxury brand?

China's luxury market is set to become the second-largest in the world, after Japan, in the second half of this decade. Growth is currently expected to be at ...

Wanted: Chinese Consumers For Luxury Survey - WSJ

Yuval Atsmon—the author of McKinsey & Co.'s report "Understanding China's Growing Love of Luxury," which was released on Tuesday—explains ...

Primary Drivers of the Chinese Economy - Investopedia

The Chinese pharmaceutical industry is, like the rest of China, growing at a fast pace. ... love for luxury goods. China is home to some of the largest shopping ...

Luxury Spending in Asia Pacific Beyond Coronavirus: Key…

China and South Korea are expected to see sales growth return to the pre-pandemic levels of 2019 by the end of 2021. China will be increasingly ...

In love with luxury amid global gloom | Economy | chinadaily.com.cn

Rambourg added that Chinese luxury-conscious consumers will continue buying, too; not only due to their increasing purchasing power but also ...

[WHY] Why do Koreans love luxury brands so much?

Korea's luxury market has experienced rapid growth, partly influenced by its distinct cultural characteristics, including conspicuous display ...

China Luxury Market: Is There Still Space for Newcomers?

The Chinese luxury market has experienced significant growth in recent years, reaching a staggering $118 billion in 2018 and on the way to reaching $188 ...

When It Comes to Luxury, China Still Leads - The New York Times

Although China's slower economic growth, crackdown on gifting and weaker currency have ended the days of breakneck growth for the country's ...

CNI Lux: Angelica Cheung – Understanding China's Luxury Market

Luxury brands can maintain their position in China, but they must learn from their smaller European counterparts, Cheung says: “Over time, ...

Hopes for luxury goods market as China's retail sales surge in October

China released economic data revealing a boost in retail sales and slower declines in home prices, signalling economic recovery amid recent ...

KOL Marketing in China : 6 Tips for Luxury Brands - ChoZan

The rise of collaborations between luxury brands and Chinese KOLs ... In less than a decade, Chinese consumers have moved from contributing three percent to ...

Understanding China's new consuming class – the millennials

the growing, influential Chinese millennials (post-80s and post-90s generation) are reshaping the retail sector in China. According to a.

Chinese consumers' purchasing: impact of value and affect

Purchases of luxury fashion brands continues to grow rapidly in metropolitan China, creating a significant global marketplace. Associated ...

Key considerations for luxury brands expanding into China

The luxury market has bounced back following China reopening its borders, creating a wealth of new business opportunities. According to a recent ...

Setting A New Stage In China's Luxury Market - SlideShare

26 Millennials are seeking for more MEANINGFUL LUXURIES. Luxuries that add value beyond status.

Ahead of the Curve: Understanding China's Social Commerce

Strong Growth: By 2023, social commerce accounted for nearly 20% of all online retail sales in China, underscoring its growing influence ...

The Luxury Life: Are big brands Louis Vuitton, Dior picking Japan ...

China has been propelling the luxury market for decades. But the pandemic and the strict lockdowns have changed a thing or two.