China’s Subsidy Scheme Helps Boost Single’s Day Sales

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China’s Subsidy Scheme Helps Boost Single’s Day Sales - Asia Financial

Quick Summary:

Alibaba said sales of dozens of brands topped a billion yuan, while JD.com said sales were up 20% on 2023, helped by a state subsidy scheme for new appliances launched in July

The post China’s Subsidy Scheme Helps Boost Single’s Day Sales appeared first on Asia Financial.

Another consumer sector seeing unexpected growth was collectible toys and hobbies, a category that includes anime, comic and gaming-related goods popular with young people in China.