It will be an important part of the mixed use development project comprised of the hotel, luxury shopping mall and upscale offices. Expected to open in 2018, Park Hyatt Shenzhen, Futian will offer the brand's signature personalized services with 223 …

RMS has been active in the downtown area, announcing the recent completion of The Moderne, another luxury housing complex on Franklin Street, where units have been snapped up since leasing began in August. With The Moderne 40 percent leased so far, RMS …

The Taiwan Banana Research Institute wants to make the banana a luxury product. It hopes consumers will consider the Pei-Chiao bananas, the Cavendish variety most often grown in Taiwan, a delicacy for which they will pay a premium price. “Our goal is …

The Hurun Report's 2013 China Rich List says there are now 315 billionaires in the country, the first time the number has surpassed 300. Rupert Hoogewerf, who publishes the Hurun Report, told VOA the trend is impressive, considering China is going …

Making one's wealth in the retail industry hurt a number of other Chinese billionaires, including Zhou Chengjian of casualwear firm Metersbonwe Group, Gao Dekang of apparel company Bosideng International Holdings, Xu Yu & Li Shanhu of retailer Trendy …

Larry Page, Sergey Brin, and Eric Schmidt are all billionaires, many times over—which you might think disqualifies them from buying cheap vacation gas from the military to keep their private aircraft fueled in government-owned hangars. Incorrect. The …

A tug of war involving two billionaire-backed space ventures has forced NASA to put a hold on its plans to turn over one of its historic space shuttle launch pads to a commercial operator by the end of this month. Now it could take until mid-December …

With its planned purchase of Saks Inc., Toronto-based Hudson's Bay Co. wants to do something that's long been a challenge: Convince Canadian luxury consumers to shop in Canada rather than the U.S.. Hudson's Bay, which agreed in late July to buy Saks …

Oprah says she was the target of racism while shopping for a purse at a Swiss luxury store. Lindsay Claiborn reports. … At the time, it was reported that Oprah's Down Under adventure would inject more than $47 million into the economy. ###. Start of …