To offset COVID-19 losses, brands joined China’s three-week shopping holiday, 618, including many luxury brands that have long shied away from discounts.
TOP OF THE CHARTS: Despite a shrinking retail market overall, China will supersede the US retail market in 2020 as the world's largest, with ecommerce up 16%, says eMarketer.
HANGZHOU - After the 'Double-Eleven' trademark issue triggered a three-week long war of words between e-commerce rivals, Alibaba Group CEO Jonathan Lu (陆兆禧) is now saying it is "always an open festival that belongs to all participants".
BEIJING - Beijing Jingdong Century Trading, the owner of leading Chinese B2C website 360buy.com, has confirmed that its VP for marketing Xu Lei has left the company for “private reasons”.
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