Southeast Asia’s internet economy is forecast to reach $300 billion by 2025 as millions of people in the region take up online shopping and embrace ride-share food delivery, an industry report said on Thursday.
Luxury brands from Prada to Cartier are counting the cost to their businesses of four months of unrest in Hong Kong that has kept tourists away and forced shops to shut, with upcoming results set to show the damage.
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.