Balenciaga Unveils Spring 26 Collection, Chanel Opens RedNote Account and Nio Reports Q1 Revenue Growth

Balenciaga Unveils Spring 26 Collection by Demna with Britney Spears

Balenciaga’s Spring 26 collection, titled “Exactitudes,” marks Demna’s final ready-to-wear collection for the House. The collection, showcased in an exhibition at Kering’s headquarters in Paris, highlights Demna’s signature design codes and aesthetic. In conjunction with the exhibition, Balenciaga launched a limited-edition series in collaboration with Britney Spears, featuring apparel and accessories with a nostalgic touch, as well as a curated playlist and remixes of her iconic songs. The series, available globally, honors Spears’ cultural influence in both fashion and music.

Nio Reports Over 21 Percent Year-on-Year Revenue Growth in Q1 2025

Nio reported Q1 2025 revenue of over 12 billion RMB, a 21 percent increase year-on-year, with R&D spending exceeding 3 billion RMB. The company delivered 42,094 vehicles in the quarter, up over 40 percent from a year earlier, with a vehicle margin of 10 percent. For Q2, Nio expects deliveries between 72,000 and 75,000 units, a 71 percent–78 percent rise from Q1.

Chanel Opens Official Fashion Account on RedNote

Chanel has opened an official RedNote account for its fashion business, debuting with a video featuring model Liu Wen and the Métiers d’Art 2025 collection. The platform, also known as Xiaohongshu, plays a key role in reaching China’s fashion-savvy consumers. Chanel joins other luxury brands like Louis Vuitton and Hermès that have already established a presence on RedNote. The move aligns with Chanel’s continued expansion in China, where it operates 127 boutiques and plans to open 15 more in 2025.

Cartier Confirms Data Breach Exposing Limited Customer Information

Cartier has confirmed a cyberattack in which an unauthorized party accessed its website and obtained limited customer data, including names, email addresses, and countries. The company stated that no financial information or passwords were compromised. Cartier has contained the breach, alerted authorities, and is working with cybersecurity experts. The incident follows similar cyberattacks reported by Dior, The North Face, and Marks & Spencer in recent months.

Tom Ford Beauty Appoints Li Yunrui as Brand Ambassador in China

Tom Ford Beauty has named actor Li Yunrui as its brand ambassador for the Chinese market. Known for his performances in Creation of the Gods and Blossom, Li represents the brand’s modern and bold aesthetic. The partnership reflects Tom Ford Beauty’s continued focus on China and its commitment to combining fragrance and makeup with artistic expression.

XPeng and Huawei Announce Strategic Partnership in Smart Vehicle Development

XPeng Motors has officially announced a partnership with Huawei in smart car technology, following months of behind-the-scenes collaboration. XPeng’s chairman visited Huawei founder Ren Zhengfei earlier this year, signaling deeper ties. Some XPeng models already integrate Huawei’s HiCar system. The alliance aims to accelerate innovation in China’s smart EV sector, where both companies have strong market positions.

Yonex Reports Record Revenue for FY 2025

Yonex posted record net sales of 138.2 billion JPY for the fiscal year ending March 31, 2025, up 18.8 percent year-over-year, supported by the Paris Olympics and other global events. Operating profit rose 22.1 percent to 14.1 billion JPY. In China, strong performances by the national badminton team boosted demand for racquets, apparel, and gear. Yonex also expanded grassroots initiatives and fan engagement across key global markets.

Taobao and Tmall Leads Home Appliance Sales in 2025 “618” Shopping Festival

Taobao and Tmall dominated the home appliance and furniture sales during the first phase of the 2025 “618” shopping festival, with a market share of 45.3 percent. The report highlighted that China’s trade-in policy is driving an upgrade in home appliance consumption, shifting from replacement to quality upgrade, leading to broader use of high-quality appliances.

Temu Builds Price Advantage and User Base Across Europe

After two years in the European market, Temu has gained significant traction in several countries, leveraging its pricing strategy. A survey conducted by Temu and Ipsos in January 2025 found that German consumers saved an average of 27 percent on their purchases through Temu in 2024. In the UK, 60 percent of users cited low prices as their main reason for using the platform, while 62 percent of French users and 54 percent of Spanish users shared the same sentiment. Temu’s wide product range also plays a key role in attracting customers.

Hublot Appoints Short Track Speed Skater Lim Hyo-jun as Brand Ambassador

Hublot has officially announced that world champion short track speed skater Lim Hyo-jun is now a brand ambassador. Lim’s relentless spirit and boundary-pushing mentality resonate with Hublot’s brand philosophy of bold innovation. Going forward, the partnership will celebrate speed and success, with time marking Lim’s legendary journey.