Jing Daily’s Crystal Ball: 5 Radical Predictions for China’s Luxury Industry in 2019
From sweeping Chinese populism to auction houses' retailing strength, here are 5 predictions that are going to shape the luxury industry in China in 2019.
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- Chinese populism will take a bite out of international luxury brands
- Alibaba or Tencent? Brands may have to choose sides
- More poorly-managed foreign brands will exit China
- Leading luxury brands that use similar strategies will face challenges to maintain their relevance
- Auction houses are playing a rising role
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