What's in this episode: TOP BIT: LVMH Boss Shops for Chinese BrandsBernard Arnault purchased items from local Chinese brands during his latest Shanghai trip, a symbolic shift.The Chinese luxury market is slowing (down 20%), prompting consumers to turn to homegrown labels with sharper pricing and stronger local aesthetics.Domestic brands like Songmont, Laopu Gold (1,000%+ online sales surge), and Mao Geping are growing at double and triple-digit rates, challenging Western houses.NUMBER OF THE ...
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What's in this episode: TOP BIT: LVMH Boss Shops for Chinese BrandsBernard Arnault purchased items from local Chinese brands during his latest Shanghai trip, a symbolic shift.The Chinese luxury market is slowing (down 20%), prompting consumers to turn to homegrown labels with sharper pricing and stronger local aesthetics.Domestic brands like Songmont, Laopu Gold (1,000%+ online sales surge), and Mao Geping are growing at double and triple-digit rates, challenging Western houses.NUMBER OF THE ...
Volkswagen’s last chance in China? | asiabits Nov 6th 2025
asiabits
6 minutes
2 weeks ago
Volkswagen’s last chance in China? | asiabits Nov 6th 2025
Top Bit: Volkswagen’s In-House AI Chip: VW is investing ~$200 million USD to develop its own AI chip in China via the Carizon JV with Horizon Robotics. The chip will power Level 3 driver assistance and provide 500–700 TOPS of computing power. The move is a strategic bid to localize core technology and compete with Chinese EV makers.Number of the Day: $15 Million—Value of dinosaur skeletons and artifacts seized from a Chinese money-laundering suspect by British authorities.High...
asiabits
What's in this episode: TOP BIT: LVMH Boss Shops for Chinese BrandsBernard Arnault purchased items from local Chinese brands during his latest Shanghai trip, a symbolic shift.The Chinese luxury market is slowing (down 20%), prompting consumers to turn to homegrown labels with sharper pricing and stronger local aesthetics.Domestic brands like Songmont, Laopu Gold (1,000%+ online sales surge), and Mao Geping are growing at double and triple-digit rates, challenging Western houses.NUMBER OF THE ...