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Mintel is forecasting that online spending in China will reach 45.7 percent of total per capita retail spend in 2017, as the country continues to undergo a “fundamental shift” in the way consumers shop.
French luxury group Kering, Alibaba Group and its affiliate Ant Financial Services announced they have come to an agreement to cooperate in their efforts to protect intellectual property and take joint enforcement actions online and offline against infringers to provide the best consumer experience and a trusted environment.
Luxury group Kering and Chinese online shopping site Alibaba have agreed to cooperate in their efforts to fight the sale of counterfeit products.
French fashion house Saint Laurent is launching online sales in China, a major step in the brand's efforts to expand in China's rapidly growing domestic market.
Luxury fashion house Louis Vuitton has launched an e-commerce site in China in an attempt to take advantage of the growth of the country’s luxury goods market, Reuters has reported.