hurun report

Billionaires in Beijing spend around $1 million on luxury goods per year, according to the Hurun Report (Image courtesy Prada/Yang Fudong)

Rupert Hoogewerf: Wealthy Chinese Are Country’s “New Nobility”

By
Published:
Everyone seems to agree that wealthy individuals in China are "mad for luxury," and that they're spe...
Many luxury brands, like Gucci and Chanel, are banking on continued growth in China

China “Saves The Day” For Struggling Luxury Industry

By
Published:
This week, the Boston Consulting Group released the results of their survey of over 2,500 Chinese co...
Brands that increased their focus on the mainland market in 2009, like Cartier and Hermes, leapt on this year's Top Ten Overall Brands list

Cartier, Bentley, Patek Philippe Among Chinese Millionaires’ Favorites On New Hurun List

By
Published:
Luxury business portal the Hurun Report has released the results of its newest "Best of the Best" su...
High-end department stores like Lane Crawford are thriving in cities like Beijing

In The Global Luxury Industry, China “Is The Hero At The Moment”

By
Published:
With sales of luxury goods in China expected to reach upwards of $15 billion within the next five ye...
Hangzhou's distinctive brand of "natural luxury" sets it apart from other major Chinese cities

Hangzhou, China’s Golden City, Shrugs Off Global Economic Woes

By
Published:
Owing to its coastal location and proximity to Shanghai, Hangzhou has managed to strike a unique bal...
China's luxury consumers are, on average, younger than their counterparts in developed economies. But geographical, age, gender, and cultural differences color their individual tastes and consumption habits

China’s Luxury Consumer: Young, Individualistic, And Ready To Shop

By
Published:
China's luxury market is clearly an important and exciting place to be right now, but beyond the sal...
BYD's Wang Chuanfu is now worth over US $5 billion, putting him at the top of China's "Rich List"

BYD’s Wang Chuanfu Tops China’s Rich List On Heels Of Buffett Investment

By
Published:
Last week, we saw what the endorsement of a financial heavyweight like Warren Buffett can do for a l...
123