Opinion: The traditional duty-free model is losing relevance as younger travelers prioritize meaningful interactions over discounts, requiring luxury brands to reimagine how they engage.
Customs auctions in China are evolving from government-run sales into cultural phenomena, where consumers willingly risk thousands on mystery luxury blind boxes.
Success in China’s digital marketplace requires strategic balance between traditional KOLs, emerging Cultural Opinion Leaders, and AI-driven personalization techniques.
Private equity heavyweight Boyu Capital acquires up to 45% stake in SKP, signaling a potential digital transformation for one of China’s leading luxury malls amid cooling market conditions.
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