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China's JD.com posts slowest growth ever in '618' shopping event - Nikkei Asia

Nikkei Asia LogoNikkei Asia1w ago

China's JD.com posts slowest growth ever in '618' shopping event - Nikkei Asia

Quick Summary

Chinese shoppers purchased 379.3 billion yuan ($56.48 billion) of goods on JD's platform over the "618" period, it said on its official WeChat account.

"We are further improving delivery services in urban and rural areas," it added in statement, referring to efforts during the event that built on its supply chain infrastructure and digital intelligence technology.

Shopping festivals have traditionally been popular in China, with many buyers delaying purchases to benefit from the massive discounts they offer to entice shoppers.


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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceAsia

Topics: Alibaba Last Event Sales Year E-commerce Platforms Nikkei China Shopping

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-19, 11:53:00

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Reading Time: 3 minutes read

Article Length: 462 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 926

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About Nikkei Asia

Nikkei Asia Logo

Main Topics: InvestingFinanceAsia

Official Website: asia.nikkei.com

Update Frequency: 14 posts per day

Year Established: 1876

Headquarters: Japan

News Last Updated: 11h ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +9:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #19

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