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China subsidies give Alibaba, JD.com sales lift during 618 shopping festival
The Chinese e-commerce giants again withheld total gross merchandise value figures, continuing a trend in recent years amid a maturing market.
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scmp.com
China subsidies give Alibaba, JD.com sales lift during 618 shopping festival
The Chinese e-commerce giants again withheld total gross merchandise value figures, continuing a trend in recent years amid a maturing market.
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cnbc.com
Is China going through a consumption revival? Its 618 festival is one sign of it
The festival pointed to a pickup in consumption, as e-commerce companies reported strong sales of consumer electronics, as well as beauty and pet care products.