The world looked up surprised when the Tiens Group took 6,500 of its employees to Paris and the Cote-d´Azur, but for China rich-list founder Rupert Hoogewerf says in IBT that this move fits into a tradition. More surprising is that an international company like Tiens has stayed so long under the Western radar.Read More →
The China-led Asia Infrastructure Investment Bank (AIIB) caused much controversy, even before it took off. Such a bank can improve the governance of projects, writes financial analyst Sara Hsu in the Diplomat, although there is no guarantee that will happen.Read More →
The consumption of the French Bordeaux might be dropping, the appetite for a Bordeaux chateau is still very much alive among China´s wealthy, says China Rich List founder Rupert Hoogewerf in the Wine Spectator. “It is seen as a safe investment.”Read More →
Many cities try to lure massive spending Chinese tourists, but Paris is year after year the winner, also when it comes to what they spend per capita. China Rich List founder Rupert Hoogewerf explains the magic of France´s capital in the Jakarta Post, and the challenges for competitors.Read More →
Chinese have become avid international travelers, but they develop into a very different breed than other tourists. Shaun Rein explains in his today released book The End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia, how different China tourists are, and what they mean for the industry.Read More →
Walking El Camino, the famous pilgrimage road to Santiago de Compostela, is an old European tradition, but rapidly becoming popular today too. Author Zhang Lijia started yesterday her El Camino, and will keep us updated on her weblog.Read More →
Representatives of the China Speakers Bureau will be traveling to Southern Europe in the second half of April. Stop-overs are scheduled for #Switzerland (Geneva, Lausanne and Zurich), France (#Lyon) and Italy (#Milan). If you are interested to meet one of our people in person, do drop us a line.Read More →
The French L’Oreal groups bought China’s leading facial masks group Magic Holdings. A brilliant move, says retail analyst Ben Cavender in the China Daily, in a fast growing market segment.Read More →
Paris and Europe in general are losing track as hot spots for buying luxury goods, as the crisis hits China’s middle class, and consumers move from luxury goods to lifestyle, tells business analyst Shaun Rein in WSJ. “Why buying expensive goods, if you cannot have clean water and air?”Read More →
The French luxury goods conglomerate Kering scored a major PR-success by returning two bronze statues, looted by foreign troops from the Beijing Summer Palace in 1860, to China, business analyst Shaun Rein tells in the Washington Post. The bronze heads of a rat and rabbit were given to China’s National Museum in Beijing.Read More →
The world’s most successful luxury tycoons can be found in Paris, like Bernard Arnault of LVMH and Liliane Bettencourt of L’Oreal. Most of the luxury goods market is funded by Chinese shoppers, tells Hurun China rich list founder Rupert Hoogewerf in the People’s Daily.Read More →
Getting in favor of China’s rich is easier for some brands than others. Retail analyst Paul French explains in Business Week why the plan to make champagne a hit, like cognac is already, might not work in the Middle Kingdom.Read More →