SHANGHAI: Chinese businesses are placing growing importance on brands, a new study says, as they look to move away from a focus on price and address the challenges posed by a consumer society and overseas…
BUSINESS
Luxury Brands Get Love Struck In China
For Western luxury brands, it might seem odd to be adding hearts and cupids to campaign images in the middle of May, but not doing so could be a missed opportunity to engage China’s lovebirds.…
China’s infant formula trends: Sales boom predicted with organic and premium brands leading the charge
China’s infant milk formula market is poised to boom in the next five years as a result of the new “two-child” policy, and tighter rules issued by regulators, analysts said today. New research from Mintel…
Luxury brands still draw wealthy Asians
Despite the global economic downturn, some 65% of wealthy Asian shoppers still spend on luxury brand-name products when they go abroad, says Publicis Media. Bertilla Teo, chief executive of Publicis Media Greater China, said global…
China is making a big bet on ‘soft power’
Soft power by nature is difficult to measure. In the case of the ambitious OBOR initiative, China’s neighbors and partners have so far responded by taking a cautious approach [PDF]. Many business and government leaders…
Audi says resolves dispute with dealers in China
BEIJING Audi (NSUG.DE), a unit of Volkswagen (VOWG_p.DE), said on Saturday it had struck a deal with its dealers in China, effectively resolving a dispute that could have disrupted the luxury carmaker’s business in the…
China ended its one-child policy and became a 'demographic time bomb' anyway
tells Business Insider. “It’s not like you wake up one day and suddenly the world’s full of old people dependent on workers having to work harder and harder.” That especially makes sense in a country…
China's Xi says he's ready to bury the hatchet with South Korea over US missile defenses
China “is committed to resolving any issues through dialogue and coordination, which is in the fundamental interests of both countries and the region,” Xi was quoted as saying by China’s official Xinhua News Agency. Earlier…
Brands Day offers a chance to shine
Transitional economies such as China, tackling the challenges of moving from a producer of commodity products to an environment of investment in high-quality, premium branded goods and services, need to produce competitive domestic brands, but…
The Aussie brands conquering the wallets of Chinese millennials
China became Australia’s biggest wine export market in 2016 … Penfolds, Rawsons Retreat and Wolf Blass don’t compete on price and are positioned as premium brands, he says. The FTA was the “icing on the…
Wexner: L Brands does not envision mass store closings, China increasingly important
Many big-name retailers have closed stores en masse. Columbus-based L Brands is not averse to pruning, its leaders say, but no large-scale closings are envisioned. The company’s founder, chairman and CEO, Leslie H. Wexner, and…
China's Norinco and Saudi Aramco line up $10 billion refinery plan
BEIJING Chinese defense conglomerate China North Industries Group Corp (Norinco) has signed a framework agreement with state-run oil company Saudi Aramco [IPO-ARMO.SE] to build a refinery and chemicals complex in northeast China, industry and government…
China Rapid Finance’s U.S. IPO Has Been Less Than Stellar
Chinese marketplace lenders do not enjoy a stellar reputation in the world market, but the sheer size of the market renders it virtually impossible to ignore them. According to one report, there are 2,000 active…
