The innovative development of the digital economy will promote the green transformation of the industrial structure

  The government work report of this year’s "two sessions" proposed that "vigorously promote the construction of a modern industrial system and accelerate the development of new quality productive forces" as the first task in 2024. New quality productive forces are advanced productive forces generated by revolutionary breakthroughs in technology, innovative allocation of production factors, and deep industrial transformation and upgrading. Further promoteInnovative development and the promotion of high-end, intelligent and green transformation of traditional industries are important measures to accelerate the development of new productive forces.

  The previous report of the 20th National Congress of the Communist Party of China pointed out that it is necessary to "promote deep integration with the real economy and build a digital industrial cluster with international competitiveness." The government work report also emphasized many times that it is necessary to vigorously develop, accelerate the digital transformation of traditional industries and small and medium-sized enterprises, and strive to improve the level of greening. Therefore, the digital economy has become an important driving force for the green transformation of the industrial structure and deeply empowers the development of new quality productive forces.

  The digital economy refers to theAs the core resource, digital technology is the main driver, and the form of economic activities based on digitalization, networking and intelligence. By improvingThe ability to analyze and predict, optimize resource allocation and management, and promote the development of green technologies to guide the whole society to carry out green changes is another important economic growth point in the new era. However, the current digital economy is still in the early stage of development, facing energy consumption, cost, promotion and other issues. It is necessary for the government to take effective measures to guide the healthy and orderly development of related industries and promote deep empowerment.

  data elementsEmpowerCorporate green transformation

  As the core of the digital economy, data elements can provide enterprises with refined data analytics and predictive capabilities, promote sustainable innovation and technological development, optimize resource allocation and supply chain management, and promote changes in market demand. These factors will deeply empower the development of new quality productivity and promote the green transformation of the industrial structure.

  First, provide analytical and predictive capabilities. Deep empowerment of data elements means the collection, collation and analysis of large-scale data, from which valuable information and insights can be extracted. This granular data analytics and predictive capabilities can help enterprises better understand resource utilization, environmental impact and market demand for precise planning and decision-making. Through accurate data analytics, enterprises can identify opportunities for environmentally friendly products and services, optimize resource allocation, reduce energy consumption and waste generation, and achieve a green transformation of the industrial structure.

  Second, optimize resource allocation and supply chain management. Data element depth empower can help enterprises better optimize resource allocation and supply chain management to achieve green transformation. Through comprehensive analysis of data, enterprises can better understand the flow and utilization of resources, identify problems of resource waste and environmental risks, and take corresponding measures to improve. Data element depth empower can also achieve transparency and traceability of supply chains, ensure the sustainability of supply chains for environmentally friendly products, and promote the transformation of the entire industrial structure to green supply chains.

  Third, promote sustainable innovation and technological development. Data elements deeply empower can provide enterprises with more innovation opportunities and the potential of technological development. Through the mining and analysis of right, enterprises can discover environmental protection technologies and sustainable solutions, improve product design and production processes, and promote efficient use of resources and reduction of environmental pollution. Data elements deeply empower can also promote cross-industry and cross-field cooperation and innovation, accelerate the development and application of green technologies, and promote the transformation of industrial structure towards green, low-carbon and sustainable direction.

  Fourth, promote the green transformation of market demand. Data elements are deeply empowered, which can help enterprises better understand changes in market demand and consumer preferences, adjust the positioning of products and services in a timely manner, and meet the needs of green consumption. With the strengthening of environmental awareness and the government’s increasing requirements for environmental protection, consumer demand for green products and services continues to grow. Data elements are deeply empowered, which can help enterprises capture these market opportunities, develop products and services that meet green requirements, and promote the development of industrial structure in the direction of green transformation.

  Digital factors promote industrygreentransformationreturnexistWhat bottlenecks?

  The current digital economy-related industries are in the early stages of development, and there are some shortcomings in promoting the green transformation of the industrial structure.

  First, the energy consumption of industries related to the digital economy is relatively high. The rapid development of the digital economy has brought about the demand for large-scale data storage, processing and transmission, which requires a huge energy supply to support.Is supportThe critical infrastructure for big data processing and online services usually requires a large number of servers and network equipment, while big data processing requires large-scale computing resources and storage devices. These devices generate a lot of heat during operation and require cooling systems to maintain a stable working temperature. Cooling systems usually consume a lot of energy, resulting in increased energy consumption. Moreover, the development of the digital economy requires a large amount of data transmission and communication. The Internet, mobile communication and data transmission networks all need to consume a lot of electricity to maintain their operation and coverage. With the growth of the digital economy, the energy consumption of network transmission and communication has also increased accordingly.

  Second, the cost of digital transformation in traditional industries is high. First, the digital transformation of enterprises requires updating the existing technology infrastructure, introducing new software and hardware systems, and training employees to adapt to new workflows, resulting in higher technology update and training costs. Second, digital transformation may require closer collaboration and information sharing with suppliers, partners, and customers, which in turn incurs supply chain adjustment and integration costs. Finally, the digital transformation of enterprises also needs to ensure thatEnsuring the security and privacy of data may require additional investments, such as establishing secure data storage facilities, adopting encryption technology and implementing strict access control measures

  Third, the scope of digital economy empowerment is still insufficient. Traditional industries usually have complex business processes and traditional information systems. Introducing digital technology into these systems may require large-scale technical and system integration work. This may involve issues such as compatibility with existing systems, data migration, security, etc., resulting in slow digital transformation. In addition, the construction and penetration of digital infrastructure in some less developed regions is relatively low, and the popularization of digital skills and knowledge is relatively low. Therefore, these regions may face certain difficulties in carrying out green transformation and digital development.

  Policy recommendations to deeply empower data elements

  The first is to optimize the layout, improve equipment and systems and other measures to improve energy efficiency and promote the green development of the digital economy industry. Optimizing the layout can not only reduce cooling demand and reduce energy consumption, but also promote the effective use of renewable energy. For example, building data centers in the western region rich in air-conditioning resources, using natural airflow for alternative cooling. Moreover, the western region also has better wind and light resources. Through the matching update with the power sector, it can greatly realize the dependence on traditional energy and reduce carbon emissions. In addition, governments and regulators can strengthen environmental supervision of the digital economy industry and develop corresponding policies and standards to promote the use of more energy-efficient servers, optimized equipment configuration, and improved cooling system efficiency in data centers, providers, and operators, among others, in order to promote the development of a green and sustainable digital economy.

  Second, strengthen data infrastructure building and technology popularization, strengthen data privacy and security protection, and improve the enthusiasm of enterprises for digital transformation. The government can increase investment in data infrastructure in underdeveloped areas, including high-speed Internet, data centers, cloud computing platforms, etc. At the same time, strengthen data science,Talent training and skill upgrading in areas such as big data analytics can provide basic support for local enterprises to deeply empower data elements. In addition, clear and stable policies can provide a favorable environment for deeply empowering data elements, and the construction of laws and regulations on data privacy and security should be strengthened. Strengthening technologies and measures to ensure that user data is properly protected, and establishing regulatory mechanisms to supervise the compliance of data processing and use can enhance the good expectations of enterprises and the public for data elements empowering, and promote the further development of the digital economy, thereby providing stronger momentum for the development of new quality productivity.

  Third, promote data sharing and openness, promote data exchange and cooperation between different departments, institutions and enterprises, and remove "stumbling blocks" to development. The government can encourage enterprises and research institutions to conduct innovative research and development in terms of deeply empowering data elements by providing incentives such as funding and tax incentives. The government can also establish innovation support platforms and incubators to provide technical support and market orientation to help innovative projects land and grow. At the same time, by establishing data sharing platforms and formulating data open standards and policies, it can facilitate data sharing and openness among various departments and organizations, thereby encouraging the wide use and innovation of data elements, and opening up data channels for the green transformation of industrial structure and the development of new quality productivity.

Volvo S60 domestic pre-sale price exposure from 288,000 yuan.

    [XCAR Information Original]

    It will be officially launched in China tonight. Recently, a dealer revealed the pre-sale price of this model in China. (|) Six models will be launched.The pre-sale price range is 288,000-529,800 yuan.. Equipped with 2.0T and 3.0T engines respectively, Volvo S60 will be imported into China, which is far lower than the media’s previous expectations from the pre-sale price. See the following table for the price of specific models:

Volvo S60 model Official guide price (ten thousand yuan) 2.0T Zhishang Edition 28.80 2.0T Comfort Edition 30.50 2.0T Zia Edition 33.98 2.0T Zhizun Edition 36.98 3.0 T6 Zia Edition 42.98 3.0 T6 Zhizun Edition 52.98 Aika Auto Network Tabulation www.xcar.com.cn 

Volvo New Volvo S60

Volvo New Volvo S60 Volvo New Volvo S60
Volvo S60

    In terms of power unit, import domestic Volvo S60 in advance.T6 engine and 2.0GTDi engineThe T6 engine has a displacement of 3.0 liters, a maximum output power of 304 HP and a maximum torque of not less than 440Nm. And inS60 2.0TIn fact, it is equipped with a combination of GTDi in-cylinder direct injection gasoline turbocharged engine and Powershift six-speed powershift. Its maximum power and torque are 203 HP and 300Nm respectively, and the acceleration score of manual vehicles is 7.7 seconds.

Volvo New Volvo S60
Volvo S60

Volvo Volvo S60
Volvo S60

    Security configurationThe new car comes standard with 6 airbags, tire pressure monitoring, ESP body stability system, brake assist, seat belt unfastened reminder, City Safety urban safety system, active steering xenon headlights and daytime running lights, among which the top model is equipped with ACC adaptive cruise, automatic braking pedestrian collision warning, more deviation of the channel and driver drowsiness reminder.

Volvo New Volvo S60

Volvo New Volvo S60 Volvo New Volvo S60
Volvo S60 Interior

    It is worth mentioning thatThe new Volvo S60 comes standard with the new City Safty function, which can effectively prevent vehicles from colliding when driving at low speed in the city (within 30 kilometers per hour). At the same time, S60 is equipped with a brand-new pedestrian detection system, which detects moving or stationary pedestrians through sensors to avoid collision with pedestrians. This function can work normally within 35 km/h..

Volvo Volvo S60
Volvo S60

    Other aspects of comfort configurationThe new Volvo S60 comes standard with electric leather sports electric heating seat (the driver’s seat has memory function), automatic dual-zone air conditioning, electric heating automatic folding rearview mirror, multi-function steering wheel, DVD player, central display and GPS navigation.

Volvo New Volvo S60
Volvo S60

    Editor’s comment:Previously, the media expected that the starting price of Volvo S60 might be around 320,000 yuan. After all, this is an imported model with a starting power of 2.0T. In the end, Volvo may give us a big surprise. The price of 288,000 yuan is already very attractive for S60. We should know that the starting price of the domestic (|) 2.0T model with good cost performance is also 309,800 yuan.

 


Volvo S60 domestic pre-sale price exposure from 288,000 yuan.


 

    Extended reading:Let the tiger go back to the mountain! Volvo Future China Strategy Release

    2011-02-25 In Beijing, China, Volvo Car Corporation announced and launched its development strategy in China in the next five years, includingEstablish two production bases in China, Chengdu and Daqing, and Shanghai headquarters base, and achieve the goal of 200,000 vehicle sales and 20% luxury car market share in China in 2015..

Volvo China Strategy Conference
Volvo’s China Strategy Release in the Next Five Years

Volvo China Strategy Conference
Volvo Car China Strategy Conference Site

    For the future development of Volvo in China, especially how to deal with the relationship between Geely and Volvo in China, I think these are all of your interests.On this issue, Aika Automobile also interviewed Mr. Li Shufu, the global chairman of Volvo Car Company.He said: We will continue to strictly implement "Geely is Geely and Volvo is Volvo ".. After brainstorming, careful study and extensive argumentation, we have worked out a very correct business strategy for China.The next task is to release the tiger to the mountains, restore Volvo cars to their former glory as soon as possible, further enhance its tradition of "Nordic design, global luxury brand" and adhere to its core concept of "safety, low-key and high-grade".

Volvo China Strategy Conference
 Mr. Li Shufu, Global Chairman of Volvo Car Company

Volvo China Strategy Conference

    Mr. Li Shufu, Global Chairman of Volvo Car Company, Mr. Stefan Jacoby, Global President and CEO of Volvo Car Company, Mr. Freeman Shen, Global Senior Vice President and Chairman of China District of Volvo Car Company, and all senior executives of China District of Volvo Car Group attended the conference.

Volvo China Strategy Conference
Volvo Car China Strategy Conference Site

    Mr Stefan Jacoby, President and CEO of Volvo Cars Worldwide, announced that the board of directors and global management of Volvo Cars approved the Chengdu base and supported the implementation of the Daqing base, but ultimately it needed the approval of the China government. At the same time, Volvo Car Company decided to speed up the construction of Shanghai headquarters and China technology center.

Volvo China Strategy Conference
Mr. Stephen Jacobs, President and CEO of Volvo Cars

    Mr. Li Shufu, the global chairman of Volvo Car Company, said: "I and other members of the board of directors are very satisfied with the work achievements made by Mr. Jacob, the global management and all Volvo employees in the past few months. Now we have formulated the development strategy for such a vital market as China, and the European and American markets have made a very good start this year. Now it is time for us to act."

Volvo China Strategy Conference
Group photo of guests at Volvo Car China Strategy Conference.

    Mr. Jacob said: "China is the second domestic market for Volvo cars, which plays a vital role in the success of Volvo cars. After the successful delivery on August 2, 2010, Volvo Cars immediately launched extensive investigation and research to formulate the development strategy of Volvo Cars in China in the next five years. Our goal is to reach 200,000 units sales and 20% market share of China luxury car market in 2015. "

Volvo China Strategy Conference
Mr. Freeman Shen, Senior Vice President of Volvo Cars and Chairman of China District.

    In order to implement the China strategy, a brand-new organizational structure of China was also announced. Mr. Freeman Shen is the global senior vice president and chairman of Volvo Car Group in China; Mr. Tong Zhiyuan is the CEO of China District; Mr. Wang Zhaoxing served as President of China District; Mr. Lars Danielsson is the vice president in charge of production and quality control in China; Richard Snijders is the President and CEO of China Sales Company of Volvo Car Group. Volvo Car’s business structure in China has grown from a national sales company to a full-featured business group, with business scope ranging from product development, manufacturing, quality control, procurement, sales, marketing and customer service to investor relations, finance, law, human resources and public affairs.

Second aunt looks at fashion: the CEO of Fulang Group is replaced; De Beers’ high-level reshuffle; Levi’s CEO will retire

21st century business herald reporter Gao Jianghong Intern You Yunqian Zhang Yizhen Beijing Report

Last week, many companies experienced major personnel changes. HanesBrands, the parent company of Champion, appointed a new chief marketing officer, and the senior management of Lanvin Group of Fulang Group and De Beers De Beers Group changed.

In terms of financial report, lululemon’s sales rose by 19% in the third quarter and lowered its annual performance guidance. The performance of British luxury watch retailer Watches of Switzerland did not increase in the first half of the fiscal year.

In terms of brand activities, Ralph Lauren will speed up the layout of the China market and open more than 30 stores every year; LVMH Group will sell a majority stake in the cruise retail business; Alibaba’s representative will withdraw from Farfetch’s board of directors; Amazon will drastically cut the fees of cheap clothing sellers; Balenciaga will set foot in the field of high-end jewelry for the first time; Miuccia Prada and Raf Simons will appear in Prada Shanghai exhibition; and PANTONE will announce the representative color of 2024.

1. lululemon’s sales rose by 19% in the third quarter, and its annual performance guidance was lowered.

Recently, Lululemon, a yoga sportswear brand, released its financial report for the third quarter of fiscal year 2023. In the first three quarters, the group’s sales increased by 20% to $6.414 billion. In the third quarter ended October 29th, lululemon’s sales increased by 19% year-on-year to US$ 2.2 billion, including 12% in North America, 49% in international business, 57% in overall gross profit margin and 2.6% in net profit to US$ 249 million.

For the fourth quarter of fiscal year 2023, lululemon expects net revenue to be between $3.135 billion and $3.170 billion, an increase of about 13% to 14%, which is lower than analysts’ expectations. For fiscal year 2023, lululemon expects net revenue to be between $9.549 billion and $9.584 billion, an increase of about 18%.

However, due to the tightening of spending by consumers, lululemon expects sales in the holiday season to be lower than expected. At the same time as the financial report was released, the board of directors of the group approved an additional share repurchase plan of up to $1 billion.

Comments: The revenue guidance in the fourth quarter lags behind Wall Street’s expectations, which is a rare mistake for this retailer whose performance often exceeds investors’ expectations. However, lowering the performance guidance may also be to achieve "unexpected growth", which is their old routine.

2. Ralph Lauren will speed up the layout of the China market and will open more than 30 new stores every year.

Ralph Lauren will accelerate its development in China market in 2024 and realize long-term and sustainable growth and value creation. Cai Xinhui, CEO of the brand’s China market and Southeast Asia, revealed that Ralph Lauren plans to open more than 30 new stores in China every year in the next few years, which will spread to more smaller cities while occupying a place in major cities.

Comments: In the cold winter of the market, mid-range luxury brands are eager to find a new way out. Although Ralph Lauren has been synonymous with the style of "old money" on social media in the past two years, the market has never reached a consensus on whether Ralph Lauren is a luxury brand. It is a foregone conclusion that refined luxury style will return. As a representative brand of this style, Ralph Lauren’s popularity has been rising in recent two years, especially in the China market. In the little red book, there are more than 90,000 notes related to "old money style". Besides fashion, this style has even penetrated into more subdivided fields such as home decoration, wedding and manicure. Continuing to bet on the China market is a promising move for Ralph Lauren.

3. Watches of Switzerland, a British luxury watch retailer, has no growth in the first half of fiscal year.

In the six months to the end of October, the sales of Watches of Switzerland recorded a year-on-year flat record of 761 million pounds, and the adjusted EBITDA fell by 10% to 94 million pounds, and the operating profit plummeted by 16% to 78 million pounds. By region, income in Britain and Europe decreased by 4% to 433 million pounds, while income in the United States increased by 5% to 328 million pounds.

Comments: Earlier, it was reported that the waiting list of Rolex watches was shortening, and the number of people waiting for some watches was shortened from 10,000 to 8,000, partly due to the cooling of global luxury consumption and reduced market demand. On the other hand, the downturn in the cryptocurrency market has further weakened the demand for luxury watches. It is true that the luxury watch market is blocked.

4. LVMH Group sells a majority stake in the cruise retail business.

French luxury goods giant LVMH Group said on December 8th that it has signed an agreement to sell a majority stake in Cruiseline Holdings Co., the parent company of Starboard & On Board Cruise Services, to a group of investors led by Jim Gissy.

Jim Gissy is the executive vice president of Westgate Resorts, a Florida timeshare company. Starboard was founded in 1958 and is headquartered in Miami. By the end of 2022, Starboard had more than 700 duty-free retail outlets selling handbags, jewelry, watches and beauty products on about 82 holiday cruise ships of companies such as Carnival Cruise Line, Royal Caribbean and Holland America.

Comments: LVMH will remain an "important minority shareholder" of the new entity despite the sale of equity. LVMH said in a statement: "New investors are strategic partners in the field of holiday retail, with innovative culture and growth philosophy." Who can do it for you? Cruise ships are also an important part of the luxury industry, and the development prospects are still considerable.

5. Levi’s CEO will retire.

Levi’s recently announced that CEO Chip Bergh will retire on April 26th next year, and the current president Michelle Gass plans to succeed him as the new leader of the group on January 29th next year. During Chip Bergh’s 12-year tenure, Levi’s has gradually developed into one of the best clothing companies in the world, promoting brand performance to achieve breakthrough growth.

Comments: Bergh reshaped Levi’s brand image, maintained its brand characteristics in the ever-changing competitive landscape, did not blindly pursue the trend, and paid attention to brand marketing. The great hero is about to retire. At present, consumers are increasingly cautious. The prospect of jeans brands or manufacturers like Levi’s, whose income comes from wholesale channels, is full of uncertainty. Can Levi’s new CEO take on the heavy responsibility?

6. Champion parent company HanesBrands appoints a new chief marketing officer.

HanesBrands, the parent company of American Fashion Champion and the American underwear and sportswear manufacturer, announced the appointment of Richard Mcleod as the vice president and chief marketing officer of Champion. In this position, Richard Mcleod will be responsible for promoting Champion’s global brand strategy and omni-channel brand positioning.

It is reported that before joining Champion, Richard Mcleod worked for Canada Goose, a Canadian down coat brand, and served as senior vice president of Canada Goose, responsible for brand development, growth and performance. Previously, he held senior leadership positions in companies such as Foot Locker, LVMH’s Hennessy, Pernod Ricard and Bacardi, and led the marketing activities of well-known wine and spirits brands such as Grey Goose, Bombay Sapphire and D’usse Cognac.

Comments: HanesBrands Group announced its third-quarter financial report, showing that sales decreased by 9.5% year-on-year to $1.51 billion, gross profit margin was 31.1%, and operating profit plummeted by 53% to $66 million. Can the new coach effectively reduce losses and turn losses into profits?

7. The top management of Lanvin Group of Fulang Group has changed greatly.

LANVin Group (NYSE: Lanv), a global fashion and luxury goods group, announced on December 8 Joann Cheng Yun, chairman and CEO of the group, had submitted his resignation to the board of directors and would start a new business in the future.

The board of directors of the group announced the appointment of director Huang Zhen as the new chairman of the group and Eric Chan as the CEO of the group, effective from December 7.

Fulang Group said that the appointment of Chen Jianhao comes at an important moment for the Group to expand the retail market in North America, Europe, Asia and the Middle East around the next stage of its brand growth. Huang Zhen said that Chen Jianhao’s rich experience in the fields of real estate and consumption will provide great value for the next stage of the Group’s growth and expansion of global business.

Comments: Fulang Group has now developed into a global fashion luxury group listed on the NYSE, and has maintained a steady growth momentum in the past few years. The two generals have extraordinary strength. Can they continue to write a chapter?

8. Alibaba’s representative withdrew from Farfetch’s board of directors

China’s e-commerce giant Alibaba recently announced that its president and board member, J. Michael Evans, has resigned from Farfetch’s board of directors, with immediate effect. It is understood that J. Michael Evans has been the president of Alibaba Group since August 2015 and joined the board of directors when Alibaba became a shareholder in Farfetch in 2020.

Comments: Previously, Richemont Group, which is also a shareholder, said that it would not undertake any financial obligations to Farfetch and did not intend to provide loans or investments to Farfetch. Ali also made a statement now, and Farfetch’s prospects were not good. Judging from the global situation of consumers returning to offline consumption experience, the reduction of non-essential expenses and the overall slowdown of luxury goods industry this year, Farfetch’s sudden departure seems to be certain.

9. The demand for diamonds is sluggish, and the giant De Beers has reshuffled its top management.

De Beers, the world’s largest diamond supplier, announced on Monday that two senior executives, namely David Prager, executive vice president and chief brand officer, and Ryan Perry, executive vice president of strategy and innovation agency, will remain on the executive committee until a successor is found. David Prager and Ryan Perry will continue to serve on the Executive Committee and oversee the transition of their responsibilities to other members. Tom Johnson is appointed as the general counsel, with effect from January 1, 2024. He will join the Executive Committee and be responsible for supervising the company’s legal and secretariat functions.

Comments: A series of personnel changes are considered as necessary measures for De Beers to cope with the current global diamond industry crisis. According to media reports, the global demand for diamonds has dropped to the lowest level since the epidemic, because global economic challenges continue to affect people’s demand for luxury goods. However, what needs to be more vigilant is the impact of the laboratory cultivation diamond industry on natural diamonds.

10. Amazon slashed the fees of cheap clothing sellers to meet the challenges of Shein and Temu.

Amazon, an American e-commerce giant, is slashing the fees for clothing sellers with prices below $20. The transaction fees for clothing products with prices below $15 will be reduced to 5%, and those for clothing with prices between $15 and $20 will be reduced to 10%, compared with 17% in the past.

Lucas Barnes, a former Amazon executive, said, "This will make Amazon more competitive in the field of low-priced clothing, because a dollar or two can make a big difference."

Comments: Although the company did not explain why it did this, it is widely believed that this shows that Amazon is preparing to fight a price war with China’s cross-border e-commerce companies Shein and Temu.

11. Open up new maps! Balenciaga set foot in the field of high-end jewelry for the first time.

The French luxury brand BALENCIAGA and Jacob & Co cooperated to create the "Diamant" high-end jewelry series, which was unveiled at the fall fashion show in 2024. This is the first time that Balenciaga has set foot in the field of high-end jewelry. It is understood that the series is made of 18-carat white gold and diamonds, including a large and heavy necklace and bracelet, a text theme style called "Typo", including a thin necklace and an oversized two-finger ring, designed to spell the word BALENCIAGA in a handwritten font style, and each diamond is hand-inlaid. Balenciaga x Jacob & Co. series has been exclusively booked on Rodeo Drive immediately after the show, and each model is customized for individuals. The production and delivery cycle is 3 months.

Comments: Since Demna Gvasalia became the new design director of Balenciaga, a lot of popular global fashion products have emerged. With exaggerated design and high price, the new products have a strong topicality, which often explodes the Internet. It is precisely this controversy that makes Balenciaga have a high flow among luxury brands, and it has risen rapidly in the fashion circle, and the products have become a proper out-of-stock king. What new trend will it bring when it comes to high-end jewelry this time?

12. Miuccia Prada and Raf Simons appeared in Prada Shanghai Exhibition.

To celebrate the opening of Pradasphere II exhibition in Shanghai START Star Art Museum, Prada co-creative directors Miuccia Prada and Raf Simons, as well as a group of brand executives appeared at the event site. This exhibition is the second appearance after the Pradasphere exhibition was successfully held for the first time in 2014, and will be open to the public free of charge from December 7 to January 21, 2024. The exhibition traces the history of Prada since its founding in 1913, and exhibits more than 400 physical and digital works of art, including the collection of fashion archives and the achievements of cross-border cooperation with art, architecture, culture and sports for decades.

In addition, Prada CEO Gianfranco D’Attis said that the company’s goal is to double its business in China in the medium term. Prada will open more stores, launch more localized products and marketing activities in China market. This means that the corresponding investment will increase, including opening larger stores, launching more localized products and holding more marketing activities. He also revealed that Prada plans to take the hotel concept as part of its globalization strategy and may launch it in 2024-2025.

Comments: After the construction of "Prada Universe" is completed, it is not difficult to see its ambition of further becoming upstream. To achieve this goal, the China market is a key link.

13. PANTONE announces the representative color of 2024.

PANTONE, an international color authority, recently released the representative color of 2024, and named it "Peach Fuzz" after PANTONE 13-1023. This is a comfortable and warm peach color, which just blends the elements of pink and orange, showing a fresh, soft and emotional atmosphere.

Since 2000, PANTONE has made annual color forecasts, which are selected through in-depth trend forecasts and socio-economic conditions, lifestyles and political influences (such as fashion, entertainment and tourist destinations).

Comments: Looking back at the popular colors released by Pan Tong in recent years, Viva Magenta, Very Peri and Illuminating Yellow all represent high saturation. At present, the pressure of life and work is great, and the popular colors turn into softer tones, which seems to correspond to "harmony" and "recovery"”。

For more information, please download 21 Finance APP.