As another shopping festival kicks off in the country, tech and luxury earnings reveal shifting consumer behavior and recalibrated growth strategies across market tiers.
Domestic services and tourism shine in Q1, but luxury houses like Kering and Valentino continue to wrestle with waning momentum in China amid shifting market dynamics.
Each of these developments points to a common theme: brands and retailers are adjusting their strategies to balance sustainability, efficiency, and consumer engagement.
From Amer Sports’ booming China sales to Trip.com’s travel rebound and luxury’s retail retreat, this week’s shifts reveal China’s evolving consumer priorities—experience, exclusivity, and emotional engagement.
The past week’s developments from a tech giant, a leading jeweler, and a rising local name, highlight just how dynamic and multifaceted China’s luxury market has become.