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Business

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Chinese women redefine sexy – and create a booming market at home for feel-good bras

China’s highly fragmented lingerie market is expected to reach around US$64.69 billion by the end of 2022, with over 3,000 foreign and domestic players battling each other to maximise their market share.

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Luxury e-commerce in China has loads of room to grow, thanks to the country’s tech-savvy, cash-rich millennials

Luxe brands ramp up their e-commerce game in China as they try to create buzz with digitally-driven Chinese millennials – the key growth-driver of the fast-paced and booming market.

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Global cosmetics giants push deeper into personal care with niche brand acquisitions, eye e-commerce

Analysts say there is a trend among big beauty firms to consolidate numerous brands under their wings and move away from a single-brand model

Business: Projects
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Foot Locker launches a comeback in Hong Kong, kicking off with free haircuts and X-box gaming zone

In light of market slowdowns in Europe and the US, the American sports retailer is expanding its athletic-goods empire into Hong Kong for the second time, alongside other booming Asian markets like Singapore and Malaysia

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Hey big spender! Hong Kong jewellery, cosmetics retailers want you to spend some more time (and money) with them

  • Chow Tai Fook, Luk Fook and Sa Sa sales fall off in October-December period

  • Retailers report that mega bridge and high-speed rail have not driven up sales

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Which economy, estimated at US$28 trillion, is bigger than the US or China? It’s women

  • Survey reveals 97 per cent of businesses in China employ at least one woman in senior management, higher than the global average of 87 per cent

  • China should encourage more women to participate in the booming in the e-commerce and technology sectors and into leadership positions, say analysts

Business: Projects
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‘Nice but a bit dull’ – why China’s growing ranks of affluent, independent women don’t want their men to buy them jewellery

  • The new trend for women to treat themselves to necklaces and rings has changed the jewellery landscape in China

  • Local and global brands have responded to the shift in demand by launching new ranges aimed at the successful female consumer

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Luxury goes local as Chinese shoppers gravitate towards home-grown brands

  • 74 per cent of affluent Chinese consumers aware of at least one Chinese designer, according to report by Ruder Finn Group and CSG

  • Chinese companies have been investing in R&D, quality control with the aim of shaking off the image of being ‘cheap’, says designer

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Hongkongers must save up at least HK$360,577 for dream wedding in world’s most expensive city

  • Hong Kong’s market for weddings was worth HK$18.7 billion last year

  • Banquets – at an average of HK$178,368 – account for about 50 per cent of the average total cost

Business: Work

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