- China’s luxury market saw a 12% year-on-year increase in 2023. By 2030, Chinese luxury consumption is expected to reach 35%-40% of the world’s total, solidifying its position as one of the leading luxury markets globally. (Bain & Company, 2024)
- China holds a vast generation of young and internet savvy consumers
- 90% of luxury and high-end brands have teams in Shanghai
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Shanghai, China
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