Fashion

Hong Kong is home to a large number of global luxury retailers. 

This enhances customer engagement and operational performance amongst others.

This is up from €2.36b in the same quarter last year. 

CEO Kasper Rorsted will hand over the position through the course of 2023. 

The company recently partnered with Balenciaga amongst other high-end brands. 

The company will be the sole India partner of the luxury brand in India.

This is despite seeing sales drop in its APAC business.

Its sales were dragged by its Greater China market. 

Lower revenues were seen in Asia due to lockdowns in China.

The company expects a double-digit decline rate during the rest of the year.

JD.com now features over 300 premium brands.

This covers Mainland China, Japan, South Korea, Hong Kong, and Taiwan. 

Its first boutique will open in Delhi. 

It is located in Hongdae in the capital Seoul.

This brings the number of luxury brands on JD to over 300. 

It is projected to see an average of of 3.8% growth annually.