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

Asia Financial LogoAsia Financial1d ago

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.


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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 09:25:59 (1 days ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 526 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 23555377

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About Asia Financial

Main Topics: InvestingBusiness

Official Website: asiafinancial.com

Update Frequency: 1 posts per day

Year Established: 1990

Headquarters: Hong Kong

News Last Updated: 2 days ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #86

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