Chow Tai Fook Jewellery Group, China’s largest jeweller by market value, reported on Thursday a 34% jump in its yearly profit, underpinned by improved consumer sentiment and an uptick in mainland tourists to Hong Kong.
The shoe designer has entered into a new Chinese partnership with Luxba Group, the Hong Kong firm owned by billionaire entrepreneur Adrian Cheng, in a bid to relaunch in China and reach more Millennials in the region.
Sovereign wealth fund Qatar Holding LLC is selling its entire shareholding in China and Hong Kong department store operator Lifestyle International Holdings and Lifestyle China Group for an aggregate HK$5.2 billion.
Facing slowing global demand for diamond jewellery, international diamond companies are reshaping marketing campaigns to tap a growing pool of independent female spenders in China, the world's second largest economy.
The American online retailer has raised 165 million dollars in growth capital in order to pursue expansion plans, particularly in Asia, through the Chinese investor Adrian Cheng and private equity firm Apax Digital.