After a bumpy few years, luxury brands are re-committing to China's market as a weaker yuan and the US trade war funnel more Chinese high-end spending back home, Tiffany & Co CEO Alessandro Bogliolo said in an interview.
China’s second-largest e-commerce firm JD.com Inc has appointed Jason Hu, a former managing director at a Chinese private equity firm, as head of strategic investment to oversee deals both at home and overseas.
Dolce & Gabbana expects sales in China to fall in the current fiscal year after a slowdown in 2018-19, as it still struggles to shake off the fallout from a controversial advertising campaign in the country.
Shares of US online luxury reseller The RealReal Inc jumped 40% in their debut on Friday, giving it a market capitalization of $2.32 billion and signalling increased investor appetite for listings of consumer companies.
Alibaba and JD.com are leading a major push by e-commerce giants in China to retool their relationship with merchants - offering them a trove of shopper data in return for broader and closer partnerships.