Tag Archives: Economy of China

27Apr/23

LVMH’s success is a testament to the strength of the luxury goods market

April 27, 2023Fashion8th arrondissement of Paris, Bernard Arnault, Brands, Businesspeople, Companies, Dior, Economy of China, Louis Vuitton, Luxury brands, Luxury goods, LVMHadmin

April 26, 2023 /Fashion/ — LVMH is a French luxury goods conglomerate that owns over 70 brands, including Louis Vuitton, Dior, and Moët & Chandon. The company has been on a tear in recent years, driven by strong demand for luxury goods from Chinese consumers. In 2022, LVMH’s revenue grew by 23% to €76.1 billion, while its net profit grew by 32% to €16.4 billion.

There are a number of factors that have contributed to LVMH’s success. First, the company has a strong portfolio of brands that are highly desirable to consumers around the world. Second, LVMH has a strong distribution network that allows it to reach consumers in key markets. Third, the company has been investing heavily in marketing and advertising, which has helped to raise awareness of its brands. Fourth, LVMH has been expanding its product offerings, which has helped to attract new customers. Continue reading →

17Apr/23

Reasons why Purchasing-power parity is a better metric for comparing people’s well-being than Exchange rates

April 17, 2023EconomyChina, Currency, Economy, Economy of China, Exchange rate, Foreign exchange market, Gross domestic product, India, International economics, International United States dollar, Parity, Purchasing power, Purchasing power parity, Relative purchasing power parity, United Statesadmin

April 17, 2023 /Economy/ — Purchasing-power parity (PPP) is a measure of the value of different currencies, taking into account the cost of living in different countries. It is often used to compare the standard of living in different countries.

Exchange rates, on the other hand, are the prices of one currency in terms of another. They are determined by supply and demand in the foreign exchange market.

There are a few reasons why PPP is a better metric for comparing people’s well-being than exchange rates. Continue reading →

15Jan/23

OKdo Announces $50,000 Partnership Prize for Innovation with ROCK Single Board Computers in Global Engineering Challenge

January 15, 2023InnovationARM architecture, Companies, Computer architecture, Economy of China, Fabless semiconductor companies, Rockchip, System on a chipadmin

The ROCK™ Engineering Challenge invites engineers, developers, educators, inventors and entrepreneurs, to submit an idea based on the OKdo® ROCK single board computers (SBC) and compute modules, including the recently released ROCK 5B platform (RRP $159). Powered by the high-performing Rockchip RK3588 SoC, the next generation board is a superior SBC opening up a wealth of new innovative application potential. The challenge is free to enter and open to everyone until April 12, 2023. Continue reading

27Jun/22

Alibaba.com Report finds MSMEs to be the “Backbone of the Post-Pandemic Economy”

June 27, 2022EconomyAlibaba Group, Alibaba.com, Companies, Economy of China, Small and medium-sized enterprisesche

To commemorate MSME Day 2022 on June 27, Alibaba.com and AliResearch Institute, Alibaba Group’s research arm, published the report “Challenges, Responses, and Transformation of MSMEs in the Post-Pandemic Era”. The report takes a multi-focal look at how Micro- Small- and Medium-sized Enterprises (MSMEs) fared through the pandemic to provide a better understanding of what action businesses took in order to survive, revealing key findings that include: Continue reading

Tag: Economy of China