‘s economic slowdown continues to tighten consumer spending, but this year’s Singles’ Day—one of the world’s biggest online shopping fests—is getting a price-conscious revamp.’s Taobao & Tmall and rival JD.com are both wheeling out aggressive low-price strategies, but is this enough to keep the shopping carts rolling?From October 12 to 23, Alibaba is giving away a whopping 1 billion yuan in cash coupons through its live-streaming platform, Taobao Live.
However, this new approach comes with its own set of challenges. JD.com, for example, is already feeling the heat with less-than-impressive retail revenue growth in the last quarter. to sustain in a fiercely competitive market. Gizmochina brings you the best of Chinese Tech from emerging smartphone companies, innovative startups, to crazy smart home products and revolutionary technologies.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Chinese football chief elected after corruption probeSong Kai, formerly of Liaoning province’s sports bureau, will be the new CFA president.
Source: fmtoday - 🏆 5. / 72 Read more »
Over 500 low-cost airline workers can expect SIP benefits if terminatedKUALA LUMPUR: If the services of over 500 employees of a low-cost airline were terminated, then they can expect to receive the benefits of the Employm...
Source: theSundaily - 🏆 25. / 51 Read more »
Over 500 low-cost airline workers can expect Socso benefits if terminated, says SivakumarBeijing also says it wants to ‘play a constructive role in promoting a comprehensive, just and lasting solution to the question of Palestine’Zhai Jun, China’s special envoy for Middle East affairs, speaks by phone with Amal Jadou, first deputy minister of Palestinian foreign...
Source: staronline - 🏆 4. / 75 Read more »
Thai govt grateful Siam Paragon shooting not scaring away Chinese touristsIPOH: Stern action will be taken against premises owners who rent out “grave-like” rooms, says the Local Government Development Ministry.
Source: staronline - 🏆 4. / 75 Read more »
Chinese envoy to push peace talks in visit to Middle East next weekBEIJING: Chinese envoy Zhai Jun will visit the Middle East next week to push for a ceasefire in the Israel-Hamas conflict and promote peace talks, sta...
Source: theSundaily - 🏆 25. / 51 Read more »
Chinese envoy to push peace talks in visit to Middle East next weekBeijing’s refusal to condemn Hamas in official statements has led to criticism from some Western officials.
Source: fmtoday - 🏆 5. / 72 Read more »