Tag: DBNY2022

In China, Luxury Shopping Faces Ongoing Headwinds

Chin@Strategy

This article is part of our special section on the DealBook Summit that included business and policy leaders from around the world. Toward the end of 2021, a glittering luxury shopping center called Taikoo Li Qiantan opened its doors in Shanghai. The 120,000-square-meter center (the equivalent to a stretch of 17 soccer pitches) is made up of nine buildings, landscaped gardens and stores from Western brands such as Balenciaga, Bulgari, Cartier, Gucci, Hermès and Tiffany & Company. The expectation for this colossal state-of-the-art mall in China’s commercial capital, owned by…

At the DealBook Summit, Untangling the Now — and the Future

Chin@Strategy

This article is part of our special section on the DealBook Summit that included business and policy leaders from around the world. Last week at the DealBook Summit, I interviewed some of the world’s most influential leaders, among them Janet Yellen, the Treasury secretary of the United States; President Volodymyr Zelensky of Ukraine; Mark Zuckerberg, chief executive of Meta; and Andy Jassy, the chief executive of Amazon. One common theme came up in just about every conversation. It was that every decision — big and small — is ultimately a…