Farfetch expands presence in China’s luxury market with Alibaba funding

The demand for luxury goods is booming in China with consultancy firm Bain & Co predicting that the country will account for 46% of all luxury sales by 2025. As China’s e-commerce market is growing at an unprecedented rate, the demand for purchasing luxury goods online is increasing, especially among young people. COVID-19 has prevented … Continue reading Farfetch expands presence in China’s luxury market with Alibaba funding