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$1.1 Billion Unites Farfetch, Alibaba and Richemont on China Luxury Push

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In spite of the economic challenges posed by the coronavirus, Chinese consumers are still demonstrating a healthy appetite for luxury goods. But as the crisis crests its second wave and the country’s shoppers find themselves homebound again, they’re becoming increasingly reliant on e-commerce for their shopping needs. This confluence of circumstances provides an optimal backdrop…

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