Tuesday, November 10, 2020

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

“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

1 comment:

Peter Pan said...

Who leads the world in luxury purchases per capita?