Chinese Spring Festival Box Office Likely to Edge Down As Stricter Health Rules Put in Place Again
Due to spattered small new outbreaks of COVID-19 that happened in the past couple of winter months, analysts say that film companies in China will likely miss their 2021 Spring Festival box office goals. According to the investment bank China International Capital Corporation Limited (CICC), the predicted box office during the 2021 Chinese New Year may reach 6.425 billion yuan ($992 million). Media reports on Monday suggested that some institutes had raised their estimate to 7 billion yuan. However, some more pessimistic estimates believe that it would only reach 4.5 billion yuan. Read more Global Times
Auction Houses Embrace Luxury Fashion as New Frontier
As entry points to auctions or other categories, luxury is a good way to lure new clients to enjoy the thrush of bidding. When it comes to watches, Chinese buyers have a particular leaning toward modern styles from Patek Philippe and Rolex, as opposed to the vintage styles preferred by many European and U.S clients. In luxury auctions, auction houses can help build emotional connections between luxury brands and consumers via meaningful and engaging storytelling. Read more Jing Daily
