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“The Chinese luxury market – which is expected to account for half of global luxury sales by 2025 – consists of hundreds of millions of young, digitally-native consumers,” said Daniel Zhang, chief executive of Alibaba, in a statement about the deal.…""...half of global luxury sales by 2025…"? Gobsmacked. That really changes the consumer game. MarketWatchAlibaba brings notable names, including Taylor Swift, to China for Singles DayTonya GarciaSee alsoBusiness InsiderAlibaba slides 9% as regulatory pressure overshadows Singles Day blowout
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“The Chinese luxury market – which is expected to account for half of global luxury sales by 2025 – consists of hundreds of millions of young, digitally-native consumers,” said Daniel Zhang, chief executive of Alibaba, in a statement about the deal.…""...half of global luxury sales by 2025…"? Gobsmacked. That really changes the consumer game. MarketWatchAlibaba brings notable names, including Taylor Swift, to China for Singles DayTonya GarciaSee alsoBusiness InsiderAlibaba slides 9% as regulatory pressure overshadows Singles Day blowout
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Mike Norman considers the following as important:
This could be interesting, too:
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“The Chinese luxury market – which is expected to account for half of global luxury sales by 2025 – consists of hundreds of millions of young, digitally-native consumers,” said Daniel Zhang, chief executive of Alibaba, in a statement about the deal.…"
"...half of global luxury sales by 2025…"? Gobsmacked. That really changes the consumer game.
MarketWatchAlibaba brings notable names, including Taylor Swift, to China for Singles Day
Tonya Garcia
See also
Alibaba slides 9% as regulatory pressure overshadows Singles Day blowout