Chinese E-Commerce Giants’ Discounting Spree Hits Consumer Brands
Quarterly earnings reports from Chinese e-commerce giants Alibaba and JD.com this week will be closely watched as barometers for the mood of consumers in the world’s second-largest economy. Both firms, which combined account for about 69 percent of China’s e-commerce market revenue, according to DBS estimates, have faced increasing competition in recent years from low-cost […]
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