CIC and GroupM jointly released China social travel white paper in 2013. By collecting and analyzing social media discussion and related information, they classified Chinese travelers into five categories which could be helpful for brands to make market strategies. China National Tourism Administration estimated that Chinese tourism industry would reach 2.9 trillion yuan (USD 471.4 […]
As the number of Chinese outbound tourists increased, the outbound spending went up. The outbound spending in 2012 reached USD 102 billion. In UK, Chinese tourists annually spent about 300 million British pounds (2.85 billion yuan). According to UK China Visa Alli estimation, UK loses about 1.2 billion British pounds (11.4 billion yuan) retail revenue […]
eBay quietly returned to Chinese market in cooperation with a Chinese fashion site xiu.com, appeared on Jingdong in June 2013. Xiu.com, a Chinese leading online luxury retailer, was founded in 2008. Now Xiu.com is cooperating with the three big platforms which are eBay, Gmarket and Karmaloop. And it has got 50 luxury brands authorization.
Only a few years ago, Chinese consumers made most of their luxury goods purchases abroad. Today, 60% are made in mainland China, says McKinsey. China’s second quarter luxury online sales reached 3.45 Billion yuan (about USD $540 million), according to Chinese research company Analysis International.