DAILY BRIEF: Jul 20, 2021

1
LVMH’s K-Pop Ambassador Strategy a Winning Approach in China
With huge popularity and name recognition in China, as well as success on platforms like TikTok and Douyin, K-pop stars carry strong influence among younger millennial and Gen Z consumers. Jing Daily
2
‘Black Widow’ At $264M Global, Still No Word On China Release
Disney/Marvel’s "Black Widow" narrowly led the international box office for Hollywood films this weekend, grossing an additional $29.9M from 48 material markets. Deadline
3
Bally Taps Chinese Actor Johnny Huang as Global Brand Ambassador
Signaling the increasing importance of the Chinese market for Bally and for the luxury sector at large, the Swiss company has named Chinese actor Johnny Huang its new global brand ambassador. Yahoo! Finance
4
Are Alibaba and Tencent Teaming Up to Fight Chinese Regulation?
China tech giants Alibaba Holding Ltd. (BABA) and Tencent Holding Ltd. are looking at individual concessions that would allow consumers to utilize the services in tandem, reports the Wall Street Journal. ETF Trends