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Home > Global Payments > The Rise of China's Luxury Consumer
 

The Rise of China's Luxury Consumer

White Paper Published By: Global Payments
Global Payments
Published:  May 02, 2019
Type:  White Paper
Length:  1 pages

China is becoming one of the most important markets for luxury goods in the world. The rise of the Chinese luxury consumer is bringing a world of opportunities to luxury retail giants across the globe.

By 2025, it is expected that consumers in China will account for 44% of the $339 billion in luxury goods spending worldwide.

This infographic highlights these projected luxury sales increases and identifies the primary drivers and the preferred payment methods for Chinese consumers.



Tags : 
luxury goods, global payments, unified commerce, retail, wechat pay, alipay, chinese wallets, global commerce, mobile payments