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Farfetch Active Shoppers Are Forecast to Grow 10 Times With Alibaba Assist

Rich Duprey, The Motley Fool
·2-min read
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. In a research note to investors, Credit Suisse (NYSE: CS) analyst Stephen Ju wrote that Farfetch is likely to turn in strong fourth-quarter earnings numbers when it reports on Thursday.

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