The website that knows what China's wealthy want

Photos:
Chinese shoppers are increasingly choosing Western luxury brands, and website Mihaibao sells directly to Chinese consumers.
Hide Caption
1 of 6

Photos:
Luxury doesn't come cheap - Mihaibao sells this Alexander McQueen bag for the equivalent of $2,740.
Hide Caption
2 of 6

Photos:
The website is in Chinese, and shoppers can pay in Yuan or use Alipay -- the Chinese equivalent of PayPal.
Hide Caption
3 of 6

Photos:
Miahibao currently only sells designer bags but is aiming to expand into other luxury products -- including beauty, wine, art and furniture -- where there is a high demand.
Hide Caption
4 of 6

Photos:
Founder Jacqueline Lam took part in the Pitch@Palace boot camp for tech entrepreneurs, hosted by the Duke of York (pictured above), where she won high praise.
Hide Caption
5 of 6

Photos:
Supported by the UK Trade and Investment department, Lam has been able to secure more investment and strengthen trade links with China.
Hide Caption
6 of 6

