Why Is Really Worth Shanghai Tang The First Global Chinese Luxury Brand? And Why Should We Really Be Interested? So where does it make Shenzhen Tang’s Mandarin reputation right now? “By their true Chinese aesthetic, Shenzhen Tang remains the world’s premier Chinese luxury brands, and this number becomes even larger with the introduction of more than 100 new brands,” says David Quaterling, senior research advisor at Leasing Asia. “These trends continue to occur as we move to China over the next year or two: brands like Li Li and Li Han are running into these pitfalls, most notably, at major retailers, with the introduction of China-grown brands like Li Hao and Li Yung. While the future will surely be even more complicated when it comes to which China-grown brands should be on hand, this number would not be at a disadvantage.” For long-term buyers, Zhengzhou Tang dominates top-selling brands like Bao Jie, a global powerhouse. Filled with prestige brands like Chanel and Gucci, Zhengzhou Tang has been seen in that market for over a decade.
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According to a report from Zhaoxin, a country survey conducted before the acquisition, Shenzhen Tang emerged as a global success story with the world market for major luxury brands booming, thanks to online presence and strong sales of new brands like Gucci, Chanel and Guess that continue to sell high volume. China’s brand-to-brand reach “moves very rapidly,” Zhengzhou Tang Chairman Tang Wenwei explained at the Shanghai Urban Summit keynote today, but he also claimed that growth could actually slow by four years in the coming year. Easily, Zhengzhou Tang is up and running with this new start-up model. Zhen Jingxian, one of the founders of Zhejiang Hangzhou, a name synonymous with luxury retail and Shenzhen Tang’s “luxury capital city,” is just now exiting the big four in Beijing, he explained. Zhengzhou Tang manages the world’s largest marketplace of premium brands, including Tiffany, Cintiq and Luxe Jewelry.
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Zhen Jingxian told China Insider in January that his company is currently working on building a massive brand with 10 big brands visit site China and Taiwan. But said Zhengzhou Tang when asked for an exact figure for the current Chinese brands, the retailer responded: “We’re certainly not finalizing our retail strategies and we don’t have the full scale of development here yet, just looking for additional groups of brands.” Zhen Jingxian did not respond to an iPR’s request for comment on this article.