Op-Ed | Alibaba’s Catch-22

A Gucci wallet of unverified origin listed on Taobao | Source: Taobao

Stuck in a ‘catch-22’ in its relationship with luxury brands, Chinese e-commerce juggernaut Alibaba should take a page from Google, maximising revenue in the short term, while buying critical time to build enduring relationships with Western brands, argue Brian Buchwald and Joshua Neckes.

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Prada First-Half Sales Growth Slowest in 3 Years on Weak Asia, Europe Demand

Prada store in Dalian, China | Source: Shutterstock

Prada SpA, the Milan-based luxury handbag maker, posted the slowest half-yearly sales growth in three years as demand weakens in some Asian countries and in Europe amid economic and political uncertainties.

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