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"China is the world's second-largest luxury market, and we are delighted to have such a respected partner. This partnership addresses the market's challenges by combining the Farfetch brand and curation with the scale and influence of the foremost Chinese e-commerce giant," said Jose Neves, CEO of Farfetch, which raised 0 million in 2016 in a Series F round of funding.
"China is one of the most important markets for the company, with a double-digit growth rate during the past 10 years, thanks to the country's economic growth," said Lin Liangqi, president of AkzoNobel China, the local unit.
"China is the world's second-largest energy consumer and relies heavily on imports to meet its huge demand. Promoting methanol fuel as an alternative can help reduce such dependency," He said.
"China has developed a strong relationship with Portuguese-speaking countries in trade and economic cooperation, which in turn helps create growing demand for financial products," Ren said.
"China has already offered more market access to Indian companies, from IT and services to pharmaceuticals to Bollywood films," said Sang Baichuan, director of the Institute of International Business at the University of International Business and Economics in Beijing.
