Farfetch Active Shoppers Are Forecast to Grow 10 Times With Alibaba Assist
Online luxury platform Farfetch (NYSE: FTCH) is expected to see the number of active shoppers on its site soar to at least 30 million in the next five years as its partnership with Alibaba (NYSE: BABA) and Richemont (OTC: CFRUY) brings in incremental new demand from Chinese consumers.
Last November, Alibaba and Richemont committed to investing over $1.1 billion in the luxury goods marketplace with the three companies forming a joint venture called Farfetch China.
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Source Fool.com
