Retail
December 15, 2020
Gen Z luxury buyers are the product of China’s rising middle class. But will this teenage generation become a golden ticket for luxury brands? Image credit: Shutterstock
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","iv":"f8be267e4bf6e594d25a38ad7c01e826","s":"bfd26edcbc406697"}
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