In lockstep with demand, investors too have been pouring funds into local consumer brands this year.
Active buyers on Pinduoduo in the 12-month period ended March rose 31 per cent to about 824 million, outpacing Alibaba's...
China on Friday sanctioned organisations and individuals in the United Kingdom over what it called "lies and disinformat...
Luxury fashion companies have been hit hard by the impact of the crisis on tourism and travel
Covid-19 has hit Ferragamo hard because it is geared towards traveller spending.
Ma and his family had held the top spot for China's richest in the Hurun Global Rich List in 2020 and 2019.
China's luxury market is expected to grow by 48 per cent by the years end.