China’s Ultra Wealthy Are Dominating the Global Luxury Market
November 16, 2019 at 09:00 AM EST
By Frank Holmes, CEO and Chief Investments Officer for U.S. Global Investors It’s hard to believe now, but the very first Singles Day in 2009 generated only about $7 million for Chinese mega-retailer Alibaba. No one could have guessed then that, 10 years later, the 24-hour shopping event would see...