We first wrote about the Tips for luxury brands doing eCommerce in China back in August 2010 as we predicted it’s going to be a trend. We now see a few sites offering eCommerce for luxury products, such as VIPShop, Xiu, 163’s Shangpin etc. They are now the favorites for VCs as the market is expected to hit 16 Billion Yuan by this year.
This trend has been caught up in Vietnam.
While cloning a group buying website is hype in Vietnam with nearly 100 Groupon clones in the market, a new online shopping destination in Vietnam is trying a different way. Brandsfavor, a member only private shopping club where Vietnamese fashionistas can buy branded fashion, accessory products up to 70% off retail prices, is launched.
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