Based in the hometown of Confucius, Chairman Qiu Yafu spent more than $3 billion snapping up assets from the boulevards of Paris to the heart of London tailoring on Savile Row. He bought French fashion brands Sandro and Maje, as well as heritage UK trenchcoat maker Aquascutum and the maker of Lycra stretchy fabrics. Those big dreams have since unraveled, and Ruyi is at the center of a messy unwinding involving some of the world’s largest financial institutions.https://www.bloomberg.com/news/articles/2022-09-20/china-s-lvmh-wannabe-unravels-after-tycoon-s-failed-3-billion-bet
An growing number of Chinese influencers have had it with the distorted, filtered images coming at them from every pixel on their super-app screen. From WeChat to Douyin and Weibo, they refuse to conform to social media’s perception of the perfect body.https://chinatemper.com/chinese-society/body-positive-influencers
Will China embrace plus-size fashion?
A consumer trend that worked against Alibaba was the shopping shift from search to browsing. While many Chinese consumers still go directly to Alibaba’s Taobao or Tmall to look for products, others have been pulled into purchases while they are interacting digitally or consuming online content.
“The quality is now no different from those merchants on traditional e-commerce sites,” she said. “The platform that can offer consumers more interesting products or persuade them to buy in a more interesting way or offer lower prices wins.”
The fast-fashion label has adapted to a more digital and less open world