1. Hacking Culture > Hacking Growth: To hack growth, startups have to hack culture first. In addition to the usual signals, VCs should look whether a company has roots in a subculture or trend. A subculture is made up of people who are more informed and passionate about a topic than anyone else. – Read More on Medium
2. The 'explosion': When private equity money came for retail. The pace of acquisitions does seem to have slowed down in the years of what's colloquially called the "retail apocalypse." In 2017, a year of record retail bankruptcies, there were six acquisitions in the sector made by private equity firms. – Read More on Retail Dive
3. Practical smart clothing might finally be near: A new scientific breakthrough could finally enable electricity-powered clothing that’s suitable for everyday use. – Read More on Fast Co.
4. What is Really Behind China’s Insatiable Craving for Luxury Goods? NNo matter how much money some Chinese young professionals earn each month, their desire for luxury goods and lifestyle remains unsatiated. These luxury bags, clothes, and shoes may cost their entire monthly income to purchase, and on some occasions, two or three months’ of income. Yet with the desire of toxic peer pressure on showing off their wealth and status, these consumers dive into the endless struggle. – Read More on Pandaily
5. Gen Z and millennials hold key to growing luxury goods market in China: Survey finds percentage of Gen Z shoppers splurging more than 50,000 yuan a year was much higher than millennials and Gen X. – Read More on SCMP