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":"e9379fa009c67fd65f5b531309236c9e","s":"d5b122f9df3825c8"}
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