China’s consumption continues to rise in performance
China’s consumption will perform better in the second and third quarters and will have stronger economic growth, according to industry experts. Retail sales of consumer goods — a major gauge of consumption — rose 18.4 per cent year-on-year to 3.49 trillion yuan ($501 billion) in April and expanded by 7.8 percentage points from the level in March, data from the National Bureau of Statistics showed on May 23rd.
China sees more foreign-invested firms established in 2023Q1
The number of new foreign-invested companies in China posted steady expansion in the first quarter (Q1) of the year as the recovery of cross-border business activities has picked up pace, the State Administration of Market Regulation said on May 26.
Survey sheds a positive light on Chinese Firms’ ESG Strategies
Chinese companies are increasingly embracing environmental, social and governance (ESG) strategies to meet customer and investor expectations and government initiatives. As domestic momentum for ESG management and integration gathers pace, and the scrutiny on ESG performance from foreign investment and export markets from increasingly stringent global regulation grows, levels of ESG engagement in Chinese companies are becoming more robust.
Tmall launches Jay Chou’s immersive metaverse space for fans
Tmall has launched a new 3D music area in collaboration with musician and fashion label PHANTACi co-founder, Jay Chou, in China’s metaverse. The new immersive space allows visitors to discover “Easter eggs” hidden inside scenes, unlocking secret soundtracks and unique postcards while exploring the storyline of Chou’s music videos in an interactive way.
ASICS and HONOR23 launch virtual “ASICS LAND” and Terracotta Warriors show in Xi’an
ASICS is heading to Xi’an to build a digital space called “ASICS LAND” in partnership with fashion brand HONOR23. The virtual world will recreate iconic buildings in the ancient city of Xi’an, infused with historical significance. ASICS’ latest city-exclusive shoe, the GEL-SPOTLYTE LOW V2 “Qin Terracotta Warriors,” draws inspiration from the Terracotta Army of Emperor Qin Shi Huang.
Prada announces Shuyu Yang as its brand ambassador
On 10 May, Prada announced Shuyu Yang (杨舒予) as its brand ambassador and released an advertisement video featuring her. Shuyu Yang is a Chinese professional female basketball player who has over 3 million followers on Weibo.
Fendi holds a craftsmanship art exhibition in Beijing Temple Dongjingyuan
Fendi organized a craftsmanship art exhibition ‘ hand in hand’ in Beijing Temple Dongjingyuan from 16 May to 16 June, showing Chinese and Italian hundreds-year craftsmanship masterpieces.
Givenchy announces Esther Yu as brand spokesperson
On 24 May, Luxury brand Givenchy announced Esther Yu (虞书欣) as its brand spokesperson. Yu is a young and popular actress who owns 21.4 million followers on Weibo.
Valentino announces Yang Yang as brand spokesperson
On 30 May, Valentino announced Yang Yang (杨洋) as brand spokesperson. Yang Yang is a very popular Chinese actor who owns over 56.8 million followers on Weibo.
Chanel holds a limited-time experience tour in Shanghai JUNO HOUSE
Chanel held a limited-time experience tour named Chanel Parfumeur Masterclass in Shanghai JUNO HOUSE, fully presenting the brand’s iconic products and the stories behind them through the exhibition.
Charlotte Tilbury announces Angelababy as global skincare and makeup spokesperson
On 26 May, Charlotte Tilbury announced Angelababy (杨颖) as global skincare and makeup spokesperson. Angelababy is a very popular Chinese actress who owns over 100 million followers on Weibo.
Hennessy collaborates with Chinese contemporary urban artist Huang Yulong
Hennessy collaborated with Chinese contemporary urban artist Huang Yulong (黄玉龙) to open Hennessy art space and basketball court at Poly World Trade Center Exhibition Hall in Guangzhou, and to exhibit their sculpture collaborations.
FRED announces Yu Liu as a friend of the brand in China
On 5 May, FRED announced Yu Liu (刘宇) as a friend of the brand in China. Yu Liu is a famous Chinese singer with over 4 million followers on Weibo.
Qeelin opens its new boutique in Taiyuan Wangfujing
https://weibo.com/2911940961/4898006946025043
Acne Studios opens its flagship store on JD
https://mp.weixin.qq.com/s/QBbv0gZJpQn8M4dInKJ-PA
Loro Piana opens a pop-up store for 23SS in the MixC Shenzhen
https://weibo.com/3194733584/N0J6U1kke?pagetype=profilefeed
Bottega Veneta opens its JD flagship store
https://weibo.com/7821671028/N0PQ3uRHF?pagetype=profilefeed
Alexander Wang opens a store in Qingdao Hisense Plaza
https://weibo.com/2465784815/N242Vsa1d?pagetype=profilefeed
Bally opened a boutique in China World Mall, Beijing
https://weibo.com/1752555942/N1juMjPnf?pagetype=profilefeed
Aesop will open a store in Shanghai Grand Gateway 66
