Four steps to future-proofing for luxury brands in China

luxury brands in China

China’s luxury market accounted for 20% of the global luxury market in 2020 and it is expected to become the largest luxury market by 2025, thereby surpassing the regional share of the Americas and Europe. According to the report jointly released by Ruder Finn & Consumer Search Group, consumer confidence has been restored as 41% […]

More powerful than “I love you”: Gift giving culture among Chinese couples

gift giving culture among Chinese couples

Across many cultures, gift giving has stuck out as an important way to express love and commitment in a relationship. China’s gift giving culture expands far beyond romantic relationships to include family, friends and even business relationships, but gift giving in romantic relationships remains tradition during China’s six valentines days. Although feminism is gaining momentum […]

The Chinese Daigou industry explained | The future of surrogate shopping in China

Daigou in China

Daigou (代购) is a form of surrogate shopping in China as a means to receive cheaper luxury goods from duty free shops and foreign countries. Along with the growth in tourism, the luxury market, and increased disposable income, the Daigou market in China has developed rapidly in the past ten years. Until 2014, the market […]

Streetwear in China: hip-hop influence and form of expression for the Chinese youth

streetwear in China

Streetwear in China has colorfully and poetically blossomed among gen Z with the help of hip-hop culture, national pride and a need for individual expression. US skate culture plays an important role in this movement, making streetwear and skatewear more mainstream in China. Social media keeps Chinese youth in tune to emerging trends and cultures. […]

Dior in China: A prime case of luxury fitting into a Digital China

Dior in China

Christian Dior considers China as a major market Founded in 1946 by French designer Christian Dior, Dior is one of most famous fashion luxury brands in the world. Since its founding at Avenue Montaigne in Paris, Dior has always been synonymous with magnificence and elegance. The first womenswear collection by Christian Dior in 1947 caused […]

The Chinese luxury market after COVID-19 survives through online channels

Chinese luxury market after COVID-19

This decade, the Chinese luxury market growth was around 6% per year. However, it is now weakened by the coronavirus. The pandemic affects both demand and offer of the luxury industry. Some recent changes of the industry as digitalization help it to hold market share. Still, the important growth might come to an end. Is […]

Cartier in China: The king of jewelers

Cartier in China

“Jeweler to kings, king of jewelers” said King Edouard VII about Cartier. The jewelry and watchmaking House is prestigious for its finest quality. Since 1847, the brand is developing some of the most prestigious jewellery in the world. With time, their brand expanded; now including watches, pens and other luxury goods. In 1992, Cartier started […]

Coronavirus China Economic Impact Report by daxue consulting

COVID-19 economic impact in China

Download our Coronavirus China Economic Impact report The Coronavirus China Economic Impact report covers the spread of the outbreak in China, what industries are growing and which industries are severely impacted. We also zoom in on the economies of Wuhan and Hubei, as well as Coronavirus impacts on the global supply chain. Lastly we share […]