Retail
November 5, 2020
Xiaofeng Wang is a senior analyst at Forrester Research
By a Luxury Daily columnist
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","iv":"be4fdbda16ab984b3af35f1a17e9c11d","s":"1610f4d740ae7a8c"}
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