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":"acb6579d0e2831984e9b1434125cb687","s":"8e39f4ca4be5571d"}
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