Insight Report 5 minutes Premiumvip.com Luncheon Takeaways Coresight Research January 25, 2017 Executive SummaryThe Fung Global Retail & Technology team attended the Vipshop luncheon hosted by Supply Chain and Logistics Professionals (SCLP) on January 20, 2017. Filippo Gori, Business Development Director for International Brands at Vipshop discussed the opportunities and challenges that international fashion brands face when selling to Chinese consumers. In this report, we summarize the key takeaways from the luncheon. Borrowing from his breadth of experience marketing luxury brands to Chinese consumers, Filippo Gori summarized what he sees as the key ways international brands can profit from the Chinese consumer market. With the rise of the upper middle class and increase in spending power, the Chinese consumer market presents many opportunities, disproportionately benefiting international brands and verticals such as fashion. When shopping online, Chinese consumers typically expect next-day delivery compared to western consumers who are receptive to different service levels. At the same time, they are price sensitive and aware of brands’ premium pricing. Vipshop is well positioned to benefit from the rise of online consumption in China, on the back of its big data and business-intelligence capabilities, regional warehouse and last-mile delivery network and ability to deliver value for brands and customers. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: E-Commerce Outlook: European Apparel and Footwear—Poised for Growth in 2023 and BeyondKey Retail-Tech Themes at NRF 2023: Retail’s Big Show—Loss Prevention, Forecasting, Personalization and Associate EnablementRetail-Tech Landscape: Retail MediaNearly Half of Shoppers Seek Out Promotions To Beat Food Inflation: US Consumer Survey Insights