Kobe Bryant not only racks up points on the scoreboard, he is also generating serious page views on his new Chinese website and blog.
Did China save GM’s Buick line?
12/3/2009 Caimeiju Staff
MSN posted a story today about the last Pontiacs leaving the assembly line in Detroit. Pontiac, along with Saab, Saturn and Hummer have been discontinued from GM’s line up due to poor sales and the government restructuring of the company.
10/25/2009 Caimeiju Staff
China has the second largest number of billionaire residents according to a October 24th 2009 CNN report . The report, based off the popular Hurun Rich List, counted 130 billionaires’ in China which increased from 101 just one year ago . In addition to 29 new billionaires, 825,000 people had personal wealth of more than $1.5 million.
Wednesday, July 22, 2009, 6:09:49 PM | Reprinted with permission from chinaluxculturebiz
Middle Class Estimated At Upwards of 150 Million And Growing; Consumers Hungry For Entry-Level Luxury Products That Offer Status As Well As Quality
Spending by China's middle class is expected to grow exponentially in the next 20 years.
Monday, June 22, 2009, 11:13:32 AM | Reprinted with permission from chinaluxculturebiz
As Ranks Of High Net Worth Individuals Continue To Grow, Luxury Marketers Need To Adapt Creative Techniques For Chinese Market
A number of reports released this year have identified China’s millionaire class as one of the world’s fastest-growing high-net-worth demographics, outpacing nouveau riche in other emerging economies like India and Russia. With China’s massive economic growth over the past 30 years, and vast population size, this is no big surprise.
2009-06-22 06:37:18 | Reprinted with permission of Steve Copia
“Marketing luxury brands to the rich is complex enough. But it could be a real challenge marketing to the new rich in emerging markets?"
Background: According to the Merrill Lynch - Capgemini 12th Annual World Wealth Report, assets of High Net Worth Individuals (HNWIs) rose to $40.7 Trillion. In case you’re wondering a trillion has nine zeros. Average HNWI Wealth was more than $4 Million each for the first time; The world’s High Net Worth population now stands at 10.1 Million individuals. Guess what India, China and Brazil have the highest HNWI Population Growth.
Wednesday, April 22, 2009, 5:08:31 PM | Luyi Chen
Google News Chinese Version has just released subchannel, reported Google China Blog. This is the first step in all its language versions. For example, Sci/Tech channel now includes two subchannel, digital and science. Basically all channels have around three subchannels now.
BY KATY STECH
The Post and Courier
Monday, April 27, 2009
Faced with lukewarm reception in the United States, some luxury real estate firms are taking their pitches abroad. That's how a bewildered Melissa Harrington recently found herself at an expo in Beijing where U.S. real estate firms and developers set up booths to market properties to Chinese investors.
July 25, 2009 | Reprinted with permission from chinaluxculturebiz
Country Overtakes US In Luxury Spending, Purchasing Nearly A Quarter Of The World’s Luxury Goods Sold In 2008
The World Luxury Association reports that spending on luxury products of all types in China has surpassed that of the United States, with wealthy Chinese spending $8.6 billion on luxury goods inside the country. Figures do not account for Chinese tourists buying luxury products overseas.
In the first quarter of 2006, the Chinese economy grew 10.2%. With the increase in growth in the Chinese market and the constant continued growth being forecast for the future, it's wise for western businesses to research what the Chinese market wants and needs before dipping their toe into the Chinese market. Here are the current trends in the Chinese marketplace:
Reprinted with permission from Brandchannel.com by Laura Fitch May 18, 2009 issue
Luxury goods consumers in China rank third in the world behind the Americans and Japanese, spending an average of US$ 6.5 billion a year. While the financial crisis has convinced many in the US and Japan that they can do without that Fendi bag, similar decreases in consumption of luxury goods in China have yet to appear.