Unveiling Chinas Surging Consumerism: The Vibrant 618 Festival as a Prominent Indicator
Highlights: – Alibaba’s Taobao and Tmall see strong sales during China’s 618 festival – Gross merchandise value surges by 15.2% to 855.6 billion yuan – Government subsidies boost sales in categories like consumer electronics and pet care products Consumption Rebounds in China’s 618 Festival China’s recent 618 shopping festival showcased a promising uptick in consumer […]
