Top 10 destinations for luxury retailers in the world

No 10 Taipei

People take part in a dragon-boat racing during the Dragon Boat Festival in Taipei on June 9, 2013. [Photo / IC]

Four Chinese cities have made the list of world's top 10 favorite destinations for luxury retailers, according to a report released recently by real estate consultancy Jones Lang LaSalle (JLL).

Hong Kong, which ranks second in the index after London, remains Asia's leading luxury shopping destination for high-spending tourists from the Chinese mainland, despite the country's slowing economy and the continued anti-corruption campaign.

Shanghai came in sixth and is quickly emerging as a new hub for luxury retail in Asia. Beijing, ranked ninth after Dubai, has great potential given the city's substantial number of high-net-worth individuals, the consultancy said. Taipei came in at tenth place.