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":"2dc143644a9c7287eccf93fbc6d235b8","s":"2f82198821b66d1c"}
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