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Will a Chinese E-commerce Giant Capture the $1.3T Luxury Economy? - NewtonX Blog
China is expected to generate 46% of global luxury spending by 2025 — a market that is currently worth $1.3T. But in a country where almost 85% of luxury shops are in major cities while 75% of the population lives in rural areas, a large proportion of luxury purchases are done online, through JD.com or Alibaba.Read More