Random stuff and some linkage

Stuff I learnt today

• China’s online travel penetration rate is only 5%.  cTrip.com has a 50% market share of China’s online travel market.  China’s travel market is going to be massive, so stock up on those overnight adult travel nappies!
• Ports Design, one of China’s most famous luxury brands, uses the same Milanese material mill as Louis Vuitton.  So the handbag quality is basically the same.
• Ports will be launching a BMW watch later this year.  Ports, who have the distribution licence for BMW in China, were the first ever company in BMW’s history to be given such a licence.  The BMW watch will go head-to-head with TAG Heuer.
• The watch business is one of the most profitable sectors of the luxury goods market.  The watch movement of a TAG Heuer is made by the same people who make Swatch.  A TAG Heuer watch costs around $150 to make.  They then sell it for anywhere from $3-5k.  Who said marketers weren’t evil?

Linkage

• Dob in porn sites.  Win RMB 10k!
• Mr Gay China.
• Contrarian investor predicts crash in China.  “Dubai times 1,000 – or worse.” It should be taken seriously when it comes from someone with Chanos’ fearsome reputation.  I don’t agree and will post about this when I get more time.