China’s unhappy consumers have even given up on shopping sales
E-commerce sales declined for the first time during the so-called “618 festival” this year, reflecting pressures on retailers already locked in a gruelling price war.
Shanghai | Retailers in China face a daunting near-term future after a disappointing mid-year online shopping festival that has also clouded the recovery prospects of the world’s second-largest economy.
E-commerce sales declined for the first time during the “618 festival” that ended last week, reflecting the pressures building up on retailers that are already locked in a gruelling price war.
Reuters
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