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The Independent UK

National

Zen Soo

Chinese online shoppers are enticed by deep discounts, payment plans as zest for spending lags

Shaun Rein China Jacob Cooke JDcom Tmall e-commerce

Copyright 2023 The Associated Press. All rights reserved

Chinese shoppers were treated to deep discounts, new products and payment plans as online merchants sought to revive their sluggish appetite for spending during China’s first major online shopping festival after the end of zero-COVID policies.

For the first time, e-commerce retailer JD.com did not release the results of its 618 shopping festival, which ended Sunday, making it hard to know just how much was spent. A bigger shopping festival, Single's Day, held on Nov. 11 each year rakes in billions of dollars.

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