Ant Group may not see progress on its application for a license from China until the second half of the year or later. The Chinese...
Alibaba is reportedly mulling a U.S. initial public offering (IPO) for its eCommerce unit. The Chinese tech giant is in the early stages of weighing...
Despite lowering its sales outlook for the third straight quarter due to a slower-than-expected recovery in Asia, cosmetics company Estée Lauder remains optimistic about the...
Luxury store openings in Europe skyrocketed last year as global travel resumed. That’s according to the latest edition of Savills’ Global Luxury Retail Outlook, which...
China is reportedly seeing a sharp increase in post-COVID travel and consumer activity. A Sunday (April 30) report by Bloomberg News, citing data from local...
Increased consumer spending has helped China’s economy rebound following its lengthy COVID lockdown. Figures from the country’s National Bureau of Statistics released Tuesday (April 18)...
Germany’s Mytheresa is reportedly hoping to court shoppers in China’s busy luxury space. CEO Michael Kliger said the upscale eCommerce company will begin employing personal...
With more than 100 million monthly users, OpenAI’s ChatGPT is the fastest-growing consumer application in history. Now, governments around the world are attempting to keep...
Consumer desire for luxury goods in post-COVID China has meant good news for LVMH. The Louis Vuitton owner on Wednesday (April 12) reported a 17%...