The surge in spending in Hainan is key for luxury houses relying on Asia as a lifeline to ride out the pandemic. Photo: Xinhua
Chinese demand for luxury goods prompts new Hainan supply route as the coronavirus pandemic boosts domestic spending
- Alibaba’s logistics arm is boosting the supply of luxury goods for Chinese shoppers unable to travel, with a new cargo route between Singapore and Hainan island
- The luxury goods market in China grew 48 per cent in 2020, and the surge in duty-free spending in Hainan is key for brands reliant on Asia to ride out Covid-19
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The surge in spending in Hainan is key for luxury houses relying on Asia as a lifeline to ride out the pandemic. Photo: Xinhua
