Tag: tempered
China’s Singles’ Day tempered by strict Covid rules and slowing economy
Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Alibaba, which owns the South China Morning Post, and other Chinese e-commerce firms holding Singles’ Day shopping events together saw underwhelming sales during the festival’s final stretch, in line with subdued expectations for this year. Singles’ Day, the world’s biggest annual shopping festival, is a key barometer of Chinese retail demand. The lacklustre showing is being…