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Alibaba brings notable names, including Taylor Swift, to China for Singles Day — MarketWatch

Summary:
“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. 

MarketWatch
Alibaba brings notable names, including Taylor Swift, to China for Singles Day
Tonya Garcia

See also

Business Insider
Alibaba slides 9% as regulatory pressure overshadows Singles Day blowout

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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