Alibaba, JD.com and ByteDance prepare for 618 shopping festival next week amid price war
Alibaba, JD.com, and ByteDance’s Douyin will start promotions on Tuesday, as e-commerce giants fight for a slice of limited consumer spending

The three companies each announced they would start discounts next week for the event, which now spans weeks but retains its original June 18 name. Taobao and Tmall Group (TTG), Alibaba’s domestic e-commerce unit, said the first stage of its 618 sales would begin Tuesday evening and run through May 26, with a three-day presale period followed by 10 days of direct sales. Alibaba owns the South China Morning Post.
The event, which JD initiated in 2004 as a simple promotional activity, has evolved into one of China’s major annual sales events, which sees e-commerce firms compete with steep discounts and subsidies.