Older fish

The most recent data released in Fauss show that, as a result of the continuing decline in the Tesra equity price, the Maksk price was surpassed by the director of the French luxury LVMH group, Bernard Arnault, and thus lost the first global title.

This also means that the world has yet another new rich.

For a long time, the world’s richest “princes” were held by Bill Gates, Bafit, Besas and others, with little change. Until September 2021, the founder of Tesla, Mask, surpassed the founder of the Amazon, Besow, and became the first new face for more than two decades.

In 2022, Bernard Arnault, the first list of the world’s rich, became new.

This and China’s top-heavy patterns are mixed. During the past two years, when real estate and Internet wheels have been customarily chased, water-sending clocks have suddenly been stabbed, changing the “first-rich pattern”.

In the past, software, finance, the Internet, Bill Gates, Bafit and Besso constitute the “old-first-rich” system, with entities, product-oriented Mask, Bernard Arnault becoming the “first-rich new paradigm”.

There are no formalities, and careful work can find the embarrassing machines: on the one hand, the real economy once again plays a role of value shaping machines compared to the financial Internet; on the other hand, unlike the old ones, the share of wealth acquired from China has increased dramatically in the newly richest home.

Historical changes in “neutral”

Microsoft, Amazon, LV, Tetrala

On 11 October, LVMH under the flag of Bernard Arnault released key financial data for the first three quarters of the 2022 financial year as at 30 September: sales increased by between 28 per cent and €56.85 million.

Regionally, the Asia (except Japan) region accounted for 32 per cent of sales, and remained the Group’s largest business block.

Indeed, as far back as 10 years ago, the Asia (except Japan) region is already the largest operational area of the LVMH group.

Although the word “China” is not mentioned in the “Asian (except Japan) region”, it is believed that all luxury dealers in the world know that the region is the Chinese region.

China is the luxury of the world’s luxury goods

On 7 November 2022, the China High-quality Consumer Report, published jointly by the China Business Federation’s Professional Commission on luxury goods and the Institute of VIPs, showed that China’s gross consumer of luxury goods market was $146.5 billion, or nearly 100 billion yuan renminbi; China’s luxury goods market accounted for 46 per cent of the global market for luxury goods; China’s domestic market had risen to 30 per cent of the global market for luxury goods and China’s domestic market for the first time became the largest global market for luxury goods.

This is managed from the number of door shops in China of the LVMH group.

As of the end of June 2021, China had 2123 door shops with LVMH brands, accounting for approximately 39 per cent of the total number of LVMH shops; far higher than 1727 in the European market and 998 in the United States market.

Therefore, even in the years that have been plagued by the epidemic, the luxury consumption of Chinese goods has not been discouraged.

Bernard Arnault stated: “We discovered in 2021 that although Chinese clients were unable to travel abroad, they purchased more commodities from LVMH than in 2019.”

In the light of the enormous support of the Chinese market for its own wealth, Arnault is in no way afraid of easing its services to the Chinese market. He stated that “international travel will not resume in the short term” and that it is imperative to “how to maintain close contact with Chinese clients? How can we ensure that they are provided with the best and most innovative products?

The “medium content” in the wealth of the world’s riches in Mansk, just a few days ago, is clear and straightforward.

On 24 October 2022, Tesla issued a three-quarter report, with an increase of 56 per cent to $214.4 million in total camp receipts in the third quarter of 2022, of which 68 per cent to $551.3 million were registered in Chinese markets and $13568 million in Chinese market camps in the first three quarters. The Chinese market is still the second largest market in Tesla, accounting for 23.9 per cent of total company receipts, followed only by the United States market.

According to data from the Association, the third quarter of the Chinese market in Tetrah was 1.26 million, representing 36.73 per cent of the global market.

In contrast, the “new rich” are extremely “neutral” and the “old rich” are not as close as the Chinese economy.

Microsoft, under the flag of Bill Gates, has never published the share of the Chinese battalion.

Bill Gates and China have repeatedly come together but are underemployed

However, in the web information, non-official sources are known as the 2016 fiscal year, and Microsoft’s Chinese sector receives only 1.2 per cent of the total Microsoft battalion (at a minimum of 0.78 per cent).

Many speculations suggest that the Chinese battalion receives up to 2 to 3 per cent of the total Microsoft camp.

In contrast, the number of stations in the Amazon under the flag of “old-first-rich” Besus reached 20 in 2021, while 17 of them were open to Chinese users, the Amazon China site ceased to operate in 2019. The first major global platform of electricians had no sense of existence in the second largest global economy and appeared to be somewhat absurd.

Is it “old wealth” not offensive to China? I am afraid that this is not possible.

Comparison of old and new “neutral” wealth

The old rich were not watching China, but the successful business strategy in the Americas was hard hit by China.

In the 1990s, Microsoft set up its branch in China, for 30 years now.

Until this year, the President and Chief Executive Officer of Microsoft, Satia Nadella (Satya Nadella), continued to tell the media that he was very well aware of the development of company operations in Asia, particularly in China and India. He was particularly named in his interview in the Chinese market: “We have focused our energies on supporting transnational corporations operating in countries such as China.”

The President and Chief Executive Officer of the Microsoft-Chinese District stated that the Chinese market was also becoming increasingly attractive and that companies would increase their local labour force to over 10,000 by adding about 1,000 new jobs next year.

Microsoft, while continuing in China, is nevertheless due to