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Jing Daily compiles the best in Chinese luxury, culture, business, arts, and investment news from around the world
NEW YORK – November 5, 2009 – Jing Daily, the source for the most important and timely news about the business of luxury and culture in China, today announced the launch of its new website (http://www.jingdaily.com). With insight and commentary gathered from the Chinese- and English-language blogosphere and top news sources around the world, Jing Daily offers up-to-date information about crucial developments and current trends in China’s luxury, business, arts, and cultural markets.
Posted in Art, auction, Automobile, Business, China, Chinese Art, Culture, Currency, Economics, Economy, Fashion, G20, Investment, Luxury, Museums, Sino-US Relations, Uncategorized
Tagged blog, China, construction, Culture, jing, Luxury
TNT Theater’s Tour Will Visit Tianjin, Shenzhen, Guangzhou, Beijing, Ningbo, Hangzhou And Xi’an
TNT's past staging of "Oliver Twist" was a big hit in Beijing
It seems that cultural exchanges between China and the rest of the world are becoming increasingly commonplace, with large-scale events like Carnegie Hall’s “Ancient Paths, Modern Voices” festivals in New York and Orange County, the ”Experience China in Israel” event in Tel Aviv giving foreign audiences a chance to see a cultural cross-section. Over the past few years in China, foreign cultural organizations and groups have made regular trips to the country to give Chinese audiences a chance to do the same. The most recent of these cultural exchanges, a staging of Shakespeare’s “Romeo and Juliet” performed by Britain’s TNT Theater, began its seven-city tour of China this week, and is set to perform the play throughout the country until November 29. From Xinhua:
Cui Yang, general manager of the Beijing-based Milky Way Arts and Communications Co., Ltd, the play’s importer, said the new version featured a cappella (singing without instrumental accompaniment) and live score which was specially commissioned for the play.
According to Cui, all the sound effects in the drama were created by human voices instead of being pre-recorded.
The TNT Theater, founded in 1980, has been distinguished for its simple stage decoration, strong British style and cross-gender performances. It has previously won the acclaim of Chinese audience with dramas such as Charles Dickens’ “Oliver Twist” and Shakespeare’s “Hamlet”.
In the run-up to next year’s Shanghai’s World Expo, and certainly in its aftermath, we should see a great deal more cultural exchange going on both inside and outside China, as more foreign audiences look to learn about China’s ancient and modern cultures, and Chinese audiences look to learn more about important global and historical trends.
Posted in Art, China, Chinese Art, Culture
Tagged Art, arts, beijing, carnegie hall, China, chinese, Culture, guangzhou, hangzhou, israel, New York, ningbo, oliver twist, performance, production, romeo and juliet, shakespeare, shenzhen, theater, theatre, tianjin, xi'an
Event Follows Other Recent Cultural Events And Partnerships In Germany And Belgium, And Upcoming Events In The United States
Following China’s National Day celebrations earlier this month, a wave of cultural events have taken place — or are slated to take place — around the world. From China’s position as guest of honor at the Frankfurt Book Fair to the many included works of Chinese contemporary art at the Europalia-China art festival in Brussels (co-curated by premier Chinese artist Ai Weiwei), the last few weeks have given Western audiences a good opportunity to get up close and personal with several aspects of contemporary Chinese artistic culture.
This week, Chinese culture heads to the Middle East, where the “Experience China in Israel” cultural exchange event kicked off this weekend at the Tel Aviv Opera House. The event will feature performances, film screenings and photo exhibitions, and follows similar “Experience” events held in the past in Russia, South Korea, Germany and the U.S. From Xinhua:
The event, jointly held by the State Council Information Office of China and Israeli Foreign Ministry, is dedicated to the 60th anniversary of the founding of the People’s Republic of China and the 17th anniversary of the establishment of diplomatic relations between the two countries.
Composed of a series of activities including performances, photo exhibitions, a film week and a symposium on China, Israel and the world economy, the event, which began earlier this week and will conclude at the end of this month, is expected to allow the Israelis to see Chinese culture and China’s development and achievements over the past 60 years and promote Sino-Israeli friendship.
Posted in Art, China, Chinese Art, Culture
Tagged ai weiwei, art exhibition, China, chinese, chinese contemporary art, chinese culture, contemporary art, Culture, europalia, europalia-china art festival, exhibition, film, frankfurt, frankfurt book fair, israel, tel aviv
“Godfather Of Chinese Contemporary Art” Advocates Collections Develop To Ensure Art Can Be Seen In China
"The Godfather of Chinese contemporary art," Li Xianting (Photo: ArtZine China)
At recent events like the Global Collecting Forum and the Songzhuang Art Festival’s Conference of Collectors of Chinese Contemporary Art, a major topic of discussion among Chinese scholars and art critics has been the need for Chinese collectors of contemporary art (and Chinese museums and galleries) to acquire more top-quality pieces while educating the public on the history, subject matter, figures and current state of Chinese contemporary art.
At the Songzhuang Festival, Chinese art critic Li Xianting — who has been called the “Godfather of Chinese Contemporary Art” — gave a speech in which he said collecting Chinese contemporary art is a form of “cultural creation” which requires the urgent attention of Chinese collectors. Since the breakout of Chinese contemporary art in the late 1970s and its development over the years, the majority of major works of art have been acquired by Western collectors, and although that is changing gradually as Chinese buyers amass their own collections, Li still sees disequilibrium in the global marketplace. By building collections of Chinese contemporary art now, and continuing to patronize Chinese artists in the same way the Medici family did in Renaissance-era Italy, Li feels that Chinese art can reach the Chinese people themselves by building a new form of aesthetic education while stemming the flow of artwork out of the country.
Artxun (Chinese) posted the entirety of Li’s speech today. Translation of excerpts by ChinaLuxCultureBiz team:
Collection is a kind of cultural creation, and in collecting contemporary art one must face value standards, but value standards in a progressing era are of a very uncertain ideological form, and collectors — through their behavior — have to confirm whether they’re actually qualified to become the builders of value standards in the era in which we live. Every major collector who made an important contribution to art history, such as the Renaissance-era Medici family or the Guggenheims, Ludwig II…the famous American and Italian Guggenheim museums, and Germany’s Ludwig Museum — named after these collectors — because of these people and places collecting artwork, some of these works of art have become critical elements of art history.
Posted in Art, auction, China, Chinese Art, Culture, Investment, Museums
Tagged america, antiquities, Art, art history, China, Chinese Art, contemporary art, contemporary chinese art, Culture, dada, dynasty, guggenheim, ink, italy, li xianting, ludwig II, medici, modern art, Museums, qing, realism, song, songzhuang, surrealism, yuan
Luxury Fans Born In The 1980s Quickly Developing Strong Brand Loyalty, Increasingly Sophisticated Taste
China's "80s Generation" has grown up completely within China's post-reform market environment
Much of the news we see coming out of China’s luxury market tends to focus on consumers in the 30s and 40s, if not older, but an interesting article from the Beijing Review (via Alibaba News) today looks at a younger demographic — the luxury crowd in their early- to mid-20s. While the number of young people in China who can afford top luxury goods is formidable, it is admittedly only a segment of a segment of this age group, as it is in most global markets. However, what makes them remarkable in China is the speed at which they have not only found and stuck with the brands they like, but have become immensely influential to marketers and designers around the world.
Ding Wenlei, writing for the Beijing Review, looks into the importance of the Chinese luxury market to global brands, who are looking to “glocalize” their products for emerging markets in China and India:
Posted in Business, China, Culture, Fashion, Luxury
Tagged alibaba, beijing, chanel, China, chinese, Culture, gucci, hermes, Luxury, mall, prada, shopping, youth
More High-End Travelers, Increased Domestic Business Travel, Helping Industry Perform Better Than Many Other Markets
China Eastern has grown rapidly in the last 15 years, increasing its domestic and international flight destinations
In the last several years, air travel in China has “taken off” among younger travelers, who traditionally take long-distance sleeper trains when traveling between provinces or far-flung destinations. While this has been great for domestic airlines such as China Southern or Air China, recent moves have indicated what many people find obvious — that Chinese airlines like the growing number of economy travelers, but love the growing number of luxury or business travelers, who have no qualms about plunking down top dollar for longer domestic or international flights.
The Financial Times recently wrote on the current state of the Chinese airline industry, which is performing very well despite concerns that a potential drop in travelers may dent their earnings. Despite this, the difference between the successes of Chinese airlines and the woes of American or European airlines are, in many ways, like night and day:
Unlikely Collectors In Far-Flung Rural Areas Gaining Notoriety For Massive Antiques Spending Sprees
More than 1,000 collectors took part in the Taiyuan antiques fair, held in north China's Shanxi Province. Image © CCTV
We have written several times before about the growing role of Chinese art collectors in a number of art classes, from Chinese antiquities to contemporary Chinese art, and as the global downturn affects the buying and collecting habits of more established collectors, antiques dealers from Hong Kong, the UK and the US have flocked to new “fairs” in mainland China, where “coal tycoons” — often unassuming (but sometimes ostentatious) individuals who have built vast fortunes on the rural provinces’ coal deposits — are quickly becoming a major collector base. As Le-Min Lim writes for Bloomberg, this new collector base has rapidly becoming one of the most motivated (and willing to spend top dollar) of all global antiques buyers.
While Westerners still dominate the most-expensive segment of this market at auction, they are increasingly being challenged by buyers from mainland China, according to John Berwald, of New York-based dealership Berwald Oriental Art.
Christie’s says Americans are its biggest clients in this category of art, followed by mainland Chinese and Hong Kongers. While Shanxi buyers are new to the international art-trading scene compared with their Beijing and Shanghai peers, they are gaining a name as some of China’s fiercest bidders.
“They are a force to reckon with, no doubt about it,” said Kevin Ching, chief executive of Sotheby’s Asia, who attended the Taiyuan fair. On paper, Shanxi buyers formally accounted for just $4 million of Sotheby’s Chinese antiques at its Hong Kong auctions, though the actual figure is much larger because many bid through agents in the city, he said, declining to give specifics.
There are about 51,000 people in China who have 100 million yuan or more, according to Hurun’s latest China rich list, released in April. Of these, 1,050 are in Shanxi. The actual number of rich individuals in the province is probably more than twice the number on the list, said Rupert Hoogewerf, publisher of Hurun Report, which compiles China’s rich list.
Posted in Art, auction, China, Chinese Art, Culture, Investment
Tagged antiques, bloomberg, China, Chinese Art, collecting, contemporary chinese art, Culture, hong kong, London, New York, Paris, sotheby's
Bar, Part Of Dunhill Flagship Store At Plaza 66, Extends Dunhill’s British Style And Traditional Atmosphere
The Aquarium by Kee in Plaza 66, Photo © Shanghai Daily
Plaza 66, a sprawling office and mall complex in Shanghai’s Jing’an District, recently unveiled the new Aquarium by Kee bar, part of the Alfred Dunhill flagship store. Designed to be an after-work sanctuary for the area’s businesspeople, the 40-seat bar extends Dunhill’s sophisticated style to every aspect of its decor as well as its drinks list.Unique marketing efforts like this are nothing new to Dunhill’s China operations, which last year built the world’s fourth Alfred Dunhill “Home” in Shanghai, following London, Paris, and Tokyo. These “Homes” are designed to represent the sort of lifestyle promoted by Dunhill (as well as their products), and function as private clubs that, as Dunhill CCO Sven Gaede said, “are not just retail environments, but will also incorporate ancillary services such as a club, restaurant, spa, and barber shop, as well as bespoke tailor services and Bentley chauffeur services.”
In Shanghai, Dunhill is extending their exclusive marketing tack to appeal to many (primarily male) luxury buyers’ desire for “sanctuaries.” With few places remaining in this bustling city to have a calm drink or relax among other businesspeople, Dunhill is basically importing the old British model of the men’s club to Shanghai, where China has always had its own versions of this. Mixing them together — and throwing retail into the mix — Dunhill is scoring what I would consider a marketing coup. Brand-Lifestyle tie-ins have become incredibly successful in Asia in recent years (Just look at the “Passion for Creation” exhibition in Hong Kong), and Dunhill’s male-centric strategy will probably pay dividends. Their brand is already well-established in China among middle-aged luxury consumers, so they have to go beyond simple brand-building to brand sustainability and flexibility — what works in Shanghai may not work in Beijing or Chongqing.
Posted in Art, Business, China, Culture, Fashion, Investment, Luxury
Tagged alfred dunhill, asia, China, Culture, dunhill, ginza, hong kong, jing'an, London, louis vuitton, Luxury, LV, Paris, passion for creation, plaza 66, shanghai, sven gaede, tokyo
Literary Giant Mo Yan Becomes The Brand Ambassador For Beijing/Lazio Cultural Exchange Partnership, Promoting Chinese And Italian Tourism
Chinese author Mo Yan. Photo © Johannes Kolfhaus
The respected Chinese author Mo Yan has taken on the role of brand ambassador for a new cultural partnership between Beijing and the Lazio region of Italy, promoting stronger cultural ties between the two governments and attracting more travel from tourists in both regions. Mo, who traveled to Italy to create the documentary “Roman Walks: Travel Diary of Mo Yan,” is well-known in China and the West for two of his novels on which the film Red Sorghum was based, and is widely regarded as one of the country’s greatest literary voices. As Zhang Lei writes, Claudio Mancini, president of Lazio Tourism Board, felt that Mo would be a better “face” for the cultural partnership as he brings the perspective of a Chinese intellectual, and “both Rome and Beijing have ancient cultures.” With this appointment, it will be interesting to see if other world cities create more cultural exchange partnerships as a result.
Zhang goes on to note, the huge population and increasing tourist base of China offers huge opportunities for European travel centers, since only about 5% of the Chinese who traveled abroad last year went to Europe. If only 10% went to Europe, travel operators could expect huge revenues even if other tourists cut back:
Posted in China, Culture, Investment
Tagged China, cultural, Culture, italy, lazio, mo yan, partnership, rome, tourism
As Ranks Of High Net Worth Individuals Continue To Grow, Luxury Marketers Need To Adapt Creative Techniques For Chinese Market
A number of reports released this year have identified China’s millionaire class as one of the world’s fastest-growing high-net-worth demographics, outpacing nouveau riche in other emerging economies like India and Russia. With China’s massive economic growth over the past 30 years, and vast population size, this is no big surprise. Unlike their non-Chinese counterparts, this group of wealthy individuals – who are rapidly becoming among the favorites of luxury brands — present unique challenges for marketers who have become accustomed to emerging luxury consumers simply springing for the most expensive items regardless of brand outreach.
Today, an article in PR Inside delves into the still-undefined world of the Chinese luxury consumer — a consumer segment that attracts lots of press but little new insight or clarity. Since China’s wealthy population remains highly stratified, with sophisticated, long-time buyers concentrated primarily in coastal, first-tier cities and newer, first-time buyers spread throughout second- and third-tier cities as well as the odd frontier town, the Chinese market presents a difficult challenge for brand marketers. One-size-fits-all marketing strategies simply will not do in a country the size of China, and the message for Shanghai or Beijing’s consumers won’t translate to other regions.
Posted in China, Culture, Economy, Fashion, Investment, Luxury
Tagged China, Culture, gucci, Investment, Luxury, prada