Chinese e-commerce booms during mid-year festival, indicating consumer power still strong amid Covid-19

Chinese e-commerce giants JD.com and Alibaba have seen a boom in sales during the first big shopping festival since the Covid-19 pandemic hit the country, indicating that online shopping is alive and kicking despite a wider slowdown in the economy.JD.com, the country’s second-largest e-commerce platform, racked up 239.3 billion yuan (US$33.8 billion) of sales during the 618 midyear shopping festival as of 2pm on Thursday, already passing the total for last year, according to the company…

Read the original article at South China Morning Post