Coach, a leading American designer and maker of luxury lifestyle handbags and accessories, has signed a memorandum of understanding with Taobao.com, the Chinese Internet shopping subsidiary of Alibaba Group, to prevent the sale of fake…
A representative from the Chinese B2C retail website has confirmed that the company plans to launch its luxury website Toplife.com in November 2011.
According to statistics from the Chinese National Bureau of Statistics, the country's total retail sales increased by 14.8% in April 2009.
Yu Guangzhou, vice minister of Ministry Of Commerce, says that by 2014 China may become the world's biggest luxury market with about 23% share of the total global revenue.
Luxury brand Louis Vuitton will open a new shop in Tower Department Store, Suzhou.