Chinese shoppers spent over US$100 billion during the 11.11 Single’s Day Sale
The COVID-19 pandemic might have ravaged the world’s economies but in China, people still have the power to spend.
A whopping US$100 billion worth of sales was recorded during the recent 11.11 Singles Day Sale.
According to observers, the huge spending binge was seen as revenge after many consumers were unable to spend that much when the pandemic broke out.
Alibaba and JD.com, two of China’s…
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