Alibaba, JD.com sales surge during 618 shopping festival on the back of subsidy programme
Preliminary 618 retail data from Taobao and Tmall Group (TTG), Alibaba’s domestic e-commerce unit, showed sales of categories that benefit from government subsidies – including consumer electronics products and home appliances – surged 283 per cent during the campaign’s initial checkout period from May 13 to May 26, compared with the initial checkout period of […]