An advertisement for the Singles’ Day shopping event. Photo: Bloomberg
China’s e-commerce market is changing as big players such as Alibaba adjust to thrifty consumers amid leaner times
- Discount retailer Pinduoduo posts biggest industry growth in third quarter, driven by focus on daily essentials
- Chinese e-commerce players are focusing on price amid leaner economic times and delivery disruption due to lockdowns
An advertisement for the Singles’ Day shopping event. Photo: Bloomberg