Junjie Wang

2 months ago | voguebusiness.com | Junjie Wang

As China ushers in the Year of the Snake, the country’s consumer landscape is evolving. During the eight-day Chinese New Year Golden Week (10 to 17 February), domestic tourism spending hit RMB 677 billion ($95 billion), up 7 per cent from last year, according to the Ministry of Culture and Tourism.

2 months ago | voguebusiness.com | Junjie Wang

This article is part of our Advanced Membership package. To enjoy unlimited access to The Long View from Vogue Business, The Fashion Exec's Guide and Market Insights Reports, sign up for Advanced Membership here. 2024 marked a turning point for China’s e-commerce scene. For the first time in eight years, the 618 shopping festival — a key retail moment — saw a decline in sales.

Aug 25, 2024 | voguebusiness.com | Junjie Wang

This article is part of our Advanced Membership package. To enjoy unlimited access to The Long View from Vogue Business, The Fashion Exec's Guide and bi-monthly Market Insights Reports, sign up for Advanced Membership here. Softening demand for luxury in China has raised alarm bells for the industry.

Aug 29, 2023 | voguebusiness.com | Junjie Wang

To receive the Vogue Business newsletter, sign up here. Chinese cross-border e-commerce giants Shein and Temu operate different business models, but they share some things in common — their products are ultra-cheap and their appeal is global. Temu is a marketplace app that serves as a platform for third-party sellers while Shein retails its own developed products.

Jul 31, 2023 | voguebusiness.com | Junjie Wang

To receive the Vogue Business newsletter, sign up here. The global luxury brand fashion show all but disappeared from China during the Covid pandemic, but the concept is back — led by Dior, which reprised its Autumn/Winter 2023 show (first held in Paris in February) in Shenzhen on 12 July. Dior’s big-scale show, a repeat of its presentation in France, had a guest list reported to run close to 850 people and was the first held by a global luxury brand in the city of Shenzhen.