Shanghai Archive

Shanghai Fashion Week Ups the Ante

SHANGHAI, China — If anyone understands the challenges of making reform happen in China, it is Lv Xiaolei. But the powerful vice secretary-general of Shanghai Fashion Week — called ‘Madame Lu’ by reverent insiders — is on a mission to transform her event into the premiere designer showcase in China. “We want to not only become the leading fashion week in China, but also a …

Ikea Shanghai to elderly, lonely Chinese people: buy something or get out

Turns out that when your giant, tax-dodging global furniture enterprise pitches itself as a kind of flat-pack-on-tap public utility, it gets treated like one. In 2006, it was poor Germans who used their local Ikeas as a day-care and soup-kitchen. A decade later, the pensioners of Shanghai are treating it as a social club, where they can “picnic, nap, and read newspapers” …

Alibaba's $60 Billion Finance arm Seeks Growth Before IPO Say Sources

SHANGHAI, China — Investors gearing up for the initial public offering of Ant Financial, the $60 billion (£54.26 billion) online finance arm spun off by e-commerce giant Alibaba, will have to wait until at least late 2017 as the business puts growth first, sources say. Sources with knowledge of the plans said Ant Financial, whose anchor business is Alipay, China’s largest online payments service, is …

Will Digital Media Break China’s Fashion Magazine Oligarchy?

SHANGHAI, China — In less than three years, Vice Media has launched London-born style and young culture bible i-D in eleven new markets, including its recently unveiled presence in China. Now, only a month after easing into the market, the digital-only i-D China has accumulated thousands of followers across WeChat and Weibo, without any formal promotion. Much like i-D’s other international editions, i-D China blends local …