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Treasury & Capital Markets
China’s e-commerce shopping festival posts robust sales
JD.com sees turnover up 10% but Alibaba records 10% drop
Janette Chen
24 Jun 2022
Even as China’s slowing economy and tightened Covid-19 restrictions continued to dampen consumer sentiment, e-commerce platforms and consumers came out in full force for this year’s June 18th Shopping Festival, the country’s largest mid-year online shopping event.