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Fast Company reports:
There are a lot of market-specific reasons if you do a deep dive. But broadly…there are three big mistakes Tencent made with WeChat in its overseas expansion, and—not coincidentally—they’re mistakes that Chinese companies make a lot when they launch internationally.
Read more on Fast Company
The #Business of Fashion reports:
…while Louis Vuitton’s Cruise 2017 runway extravaganza last weekend seemed to suggest otherwise, make no mistake: the current state of affairs in Brazil is having a serious effect on the country’s appetite for luxury goods. “Nobody knows what’s going to happen here politically — that’s the truth. It’s a very strange situation for any level,” says Brazilian fashion industry consultant Gloria Kalil. “Brazil gives false messages; the beauty, the openness. But I don’t know who continues to buy here right now. Sometimes you go to those big luxury shops and you see no one in there for days and days and days. It’s very hard to nail down the problem; you never get very straight answers when you ask. They say that they send their collections to clients’ homes. Maybe they’re right, maybe they know what they’re doing. I’m not sure.”
Read more: Brazil’s luxury consumers are weary