The Trump administration is considering adding tech giants Alibaba and Tencent to a blacklist of firms allegedly owned or controlled by the Chinese military, two people familiar with the matter said on Wednesday.
Off-White is launching its first capsule collection of fashion and accessories for men and women in China, which will be sold exclusively on an Off-White Official WeChat Mini Program, a newly developed project.
Luxury puffer jacket maker Moncler is betting heavily on younger consumers and the Chinese market to help sales bounce back from the coronavirus crisis, its boss said, seeing scope for a recovery in late 2021.
Following its acquisition of IMAXtree in 2019, the data specialist's second purchase aims to expand its analytics capacities and establish a direct presence in China, where Parklu works with 100,000 influencers.
The South Korean event implemented a renewed online strategy in order to boost its fashion sales in China, betting on multiple platforms, partnerships with WeChat, "see now, buy now" shows, and live commerce.
Luxury shopping in the post-Covid era is seen again as an exclusive gratification, a localised, digital and sensorial experience through authentic, high-added-value products, according to market research firm Ipsos.
The United States is considering restrictions on China's Ant Group as well as Tencent Holdings Ltd over concerns their digital payment platforms threaten national security, Bloomberg News reported on Wednesday.