While Nokia, the former leading manufacturer in China, is in heavy weather, Apple is booming in the same market. The difference, according to market analyst Shaun Rein in CNBC? Nokia lost the wealthy Chinese, where Apple is winning them.Read More →
Paris might be the hot spot for luxury shopping by China’s rich, when they have to pick an education they go for England’s top universities, especially Eton and Harrow, says Hurun China’s rich list founder Rupert Hoogewerf in The Telegraph. Read More →
The Wall Street Journal has more details of the earlier released Hurun report about how China’s rich spend their money while traveling. Tension with France have been forgotten, as Paris has become their most favorite destination. The Hurun report is produced by Rupert Hoogewerf.Read More →
China’s entrepreneurs have changed in a few decades from outcasts into role models for the youth, Hurun-founder Rupert Hoogewerf tells the BBC. Making money has become fashionable.Read More →
Women in China have become a major force among the country’s super spenders, writes Shaun Rein in CNBC. When you want to tap into China’s booming market, that is a group you have to understand.Read More →
China’s efforts to cool the economy make it harder for the country’s millionaires and billionaires to spend their capital, writes Shaun Rein in CNBC. So, what do they do when they can only buy one house? They buy a really huge one.Read More →
Unlike their US counter parts, Chinese rich mostly work to get their capital together and to not inherit, reveals the latest Hurun Report, produced by Rupert Hoogewerf or Hurun. China has 56 billionaires under the age of 40Read More →
The 88-year old French designer Pierre Cardin held a fashion show at the former Soviet aircraft carrier, docked in Tianjin, hoping to lure Chinese buyers for his firm. A smart move, Shaun Rein tells AFP.Read More →
The number of millionaires (in US dollars) in Shanghai has been growing fast and the city now counts 80 billionaire, the latest Hurun report, composed by Rupert Hoogewerf, shows, according to the state media here and here. Real estate continues to contribute greatly to the growth of wealth.Read More →
Chinese have spent last year 13 billion US dollar on luxury goods, but only 40 percent in China itself, says Shaun Rein in CNBC. Because of the high tariffs luxury goods, including cars, are 20-30 percent more expensive on the mainland. “They are shooting themselves in the foot.”Read More →
Hurun by Fantake via Flickr Chinese women and retailers might be doing well on the Hurun rich list, compiled by Rupert Hoogewerf, but real estates tycoon saw their wealth shrink by 25 percent, writes the People’s Daily and attributes this to successful government efforts to cool down the industry. TheRead More →
Retail galores via Wikipedia Real estate might be dominating much of the economic debate in China, retail seems increasingly a good way to become a billionaire as consumption grows, shows the latest Hurun Rich List, composed by Rupert Hoogewerf. Real estate is still the largest wealth creator, despite the change.Read More →